Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
At the discharge and charge-framing stage under the PMLA, the court reiterated that the enquiry is limited to whether the prosecution material, taken at face value, raises prima facie grave suspicion; the accused's defence and disputed explanations are not to be weighed at that stage. On the record, the court found sufficient material showing alleged bribery-linked layering, concealment and projection of proceeds as untainted property, so the refusal to discharge and framing of charge were upheld. Statements recorded under Section 50 PMLA were treated as admissible and capable of corroborating documentary evidence. The Special Court at Ranchi was also held to have territorial jurisdiction because the scheduled offence and alleged conspiracy were connected with Ranchi, and no patent illegality justified revisional interference.
At the discharge and charge-framing stage under the PMLA, the court reiterated that the enquiry is limited to whether the prosecution material, taken at face value, raises prima facie grave suspicion; the accused's defence and disputed explanations are not to be weighed at that stage. On the record, the court found sufficient material showing alleged bribery-linked layering, concealment and projection of proceeds as untainted property, so the refusal to discharge and framing of charge were upheld. Statements recorded under Section 50 PMLA were treated as admissible and capable of corroborating documentary evidence. The Special Court at Ranchi was also held to have territorial jurisdiction because the scheduled offence and alleged conspiracy were connected with Ranchi, and no patent illegality justified revisional interference.
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