Effective hearing in GST adjudication requires actual opportunity to respond; ineffective service through a former auditor invalidated ex parte procee...
Third-party search material requires special assessment route, rendering general reassessment notices without jurisdiction when it forms the proceedin...
Transfer-pricing adjustments must be confined to international associated-enterprise transactions, while functionally dissimilar comparables remain ex...
Insolvency moratorium bars income-tax revision proceedings against corporate debtors until the moratorium ends, preserving merits for later determinat...
Equivalent-value attachment under the Prevention of Money-Laundering Act requires that proceeds of crime have been passed on or layered and are unavailable with the person or entity to whom they were laundered. Attachment was not justified where subsidiary companies had no established money trail to the alleged kickback. Provisional attachment also requires a real likelihood that confiscation will be frustrated; mortgaged properties subject to admitted insolvency proceedings could be sold or transferred only under National Company Law Tribunal orders. The confirmation order was set aside, and the properties remained subject to the insolvency proceedings.
Equivalent-value attachment under the Prevention of Money-Laundering Act requires that proceeds of crime have been passed on or layered and are unavailable with the person or entity to whom they were laundered. Attachment was not justified where subsidiary companies had no established money trail to the alleged kickback. Provisional attachment also requires a real likelihood that confiscation will be frustrated; mortgaged properties subject to admitted insolvency proceedings could be sold or transferred only under National Company Law Tribunal orders. The confirmation order was set aside, and the properties remained subject to the insolvency proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
