Wednesday, March 27, 2019

Mortgaged property couldn't be attached as it wasn't purchased from proceeds of crime

FEMA, BANKING & INSURANCE : Where property in question had been mortgaged with bank and there was nothing to prove that proceeds of crime were involved in acquiring said property, same could not be attached

from www.taxmann.com Latest Case Laws https://ift.tt/2FBHxpo
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...