The AT dismissed the appeal challenging the provisional ...

Property attachment upheld despite Covid delays; joint ownership claim rejected due to lack of evidence.

December 23, 2024

Case Laws Money Laundering AT

The AT dismissed the appeal challenging the provisional attachment order under the Prevention of Money Laundering Act, 2002. It held that the confirmation of the order beyond 180 days did not result in its lapse, considering the Covid-19 period and the Supreme Court's extension. The AT also rejected the ground that the attached property being joint property without notice to the joint holder invalidated the order, as there was no material to show it was joint property, and the appeal was not preferred by any joint holder. Thus, no interference was warranted in the impugned order.

View Source

← Previous Next →

The AT dismissed the appeal challenging the provisional ...

Property attachment upheld despite Covid delays; joint ownership claim rejected due to lack of evidence.

December 23, 2024

Case Laws Money Laundering AT

You may also like:

Deduction u/s 54F is not available to an assessee who owns more than one house property at the time of purchasing a new property. The assessee, despite jointly...

LTCG - exemption claimed u/s 54F - fractional ownership - Whether joint ownership of 16.67% in six flats constituted owning more than one residential house. - The ITAT...

Predicate offence involving meagre disclosed income but substantial investment in properties without proof of legitimate source. Provisional attachment of immovable...

Money laundering case involving attachment of properties. Appellant argued property was acquired prior to offense, hence cannot be attached. Court rejected contention,...

The court rejected the petitioner's application for condonation of a 216-day delay in filing their Income Tax Returns (ITRs). The reasons cited by the petitioner, delay...

Condonation of delay of 584 days in filing revision - exclusion of COVID period - the delay in the instant case of 250 days even after ignoring the COVID period in terms...

The court dismissed the petition challenging the auction process for sale of the property and seeking refund of the purchase price paid by the petitioner as the...

CIRP - Delay in making claim - The case revolved around a Homebuyer's appeal regarding the delay in submitting their claim in an insolvency resolution process. Despite...

Exemption from payment of property tax under the provisions of the UP Municipal Corporation Adhiniyam, 1959 - The Supreme Court held that, the enemy properties vest in...

Condonation of delay in filing petition - sufficient ground to condone the delay or not - Grant of default bail - The delay in filing the revision appears to be...

Benami transaction - availability of joint family property or income - joint family acquisition - Purchase of property in the name of wife (Mrs. A) - Presumption of...

Condonation of delay - Delay in filling of an appeal before ITAT - The ITAT observed taht the appeal was delayed by 17 days. The assessee claimed the delay was due to...

Circular clarifies that insurance companies are not liable to pay GST on salvage/wreck value deducted from claim settlement amount, as salvage remains property of...

Capital gain computation - co-ownership at 50% - electivity bills or the society maintenance receipt tax does not prove the title of the property - the transfer...

Legal interpretation of the term "original asset" for claiming exemption u/s 54F of the Income Tax Act. It discusses the ownership rights over the "original asset" by...

Quick Updates: