Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
HC held that the bail applicant failed to meet the mandatory twin conditions under the PMLA. The Court found prima facie material showing scheduled offences, recoveries, and financial transactions through accounts of the petitioner, family members and the Trust that suggested routing and layering of proceeds of crime. It also accepted that statements recorded under Section 50 of the PMLA are admissible and relied on them along with the prosecution complaint to conclude that reasonable grounds were not shown for believing the petitioner was not guilty or would not reoffend on bail. Bail was therefore refused.
HC held that the bail applicant failed to meet the mandatory twin conditions under the PMLA. The Court found prima facie material showing scheduled offences, recoveries, and financial transactions through accounts of the petitioner, family members and the Trust that suggested routing and layering of proceeds of crime. It also accepted that statements recorded under Section 50 of the PMLA are admissible and relied on them along with the prosecution complaint to conclude that reasonable grounds were not shown for believing the petitioner was not guilty or would not reoffend on bail. Bail was therefore refused.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
