Wednesday, March 25, 2020

Property mortgaged with bank couldn't be attached under PMLA as there was nothing to prove 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, said property could not be attached

from www.taxmann.com Latest Case Laws https://ift.tt/2Uh3pxN
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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