Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
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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