This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Seized amount prima facie proceeds of crime cannot be treated as income before conclusion of PMLA trial
Case Law Details
- Case Name
- ACIT Vs State (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ACIT Vs State (Delhi High Court)
Delhi High Court held that seized amounts prima facie being proceeds of crime cannot be termed as income of accused as trial in PMLA case is yet to be conclude. Accordingly, it is erroneous to treat such amount as taxable income recoverable by Income Tax Department.
Facts- Petition under Section 482 of the Code of Criminal Procedure, 1973 has been filed on behalf of the Petitioner/Asst. Commissioner of Income Tax (ACIT), to challenge the Order dated 05.02.2018 of learned Special Judge (PC Act), CBI-05, New Delhi, dismissing the Application under Section 226(4) ...
Author Info
