Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Section 45(1) of the PMLA permits regular bail for an accused who is sick or infirm. "Sick" and "infirm" operate disjunctively and do not require terminal illness, irreversible deterioration, imminent danger to life, surgery, or hospitalisation. Infirmity may result from substantial physical impairment without an immediate life-threatening condition. Medical needs must be assessed cumulatively, including coexisting conditions and the need for structured, continuous, supervised rehabilitation. Hospital referrals, diagnostic tests, or conservative management do not alone establish adequate care; the material issue is whether custody can effectively deliver the prescribed treatment. Bail safeguards may address risks to witnesses, evidence, investigation, and trial.
Section 45(1) of the PMLA permits regular bail for an accused who is sick or infirm. "Sick" and "infirm" operate disjunctively and do not require terminal illness, irreversible deterioration, imminent danger to life, surgery, or hospitalisation. Infirmity may result from substantial physical impairment without an immediate life-threatening condition. Medical needs must be assessed cumulatively, including coexisting conditions and the need for structured, continuous, supervised rehabilitation. Hospital referrals, diagnostic tests, or conservative management do not alone establish adequate care; the material issue is whether custody can effectively deliver the prescribed treatment. Bail safeguards may address risks to witnesses, evidence, investigation, and trial.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
