Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Under the PMLA, property acquired before a scheduled offence is not ordinarily directly derived from later criminal activity, but may be provisionally attached as the equivalent value of unavailable or dissipated proceeds of crime under the broader interpretation of the value limb. Attachment requires an identified scheduled offence, a reasoned assessment of illicit proceeds and equivalent value, and written reasons based on material showing a real risk that the property may be concealed, transferred or otherwise dealt with to frustrate confiscation. Income-tax disclosure is relevant but not conclusive. Statutory adjudication must allow the affected person to establish lawful source, challenge the asserted nexus and address valuation.
Under the PMLA, property acquired before a scheduled offence is not ordinarily directly derived from later criminal activity, but may be provisionally attached as the equivalent value of unavailable or dissipated proceeds of crime under the broader interpretation of the value limb. Attachment requires an identified scheduled offence, a reasoned assessment of illicit proceeds and equivalent value, and written reasons based on material showing a real risk that the property may be concealed, transferred or otherwise dealt with to frustrate confiscation. Income-tax disclosure is relevant but not conclusive. Statutory adjudication must allow the affected person to establish lawful source, challenge the asserted nexus and address valuation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4908 
