Search Results for Tag : Money
News
Bombay High Court Grants Bail to Hasan Ali in Money Laundering Case(13.08.2015)
Bombay High Court has granted bail to businessman Hasan Ali Khan, who is alleged to have accumulated thousands of crores of rupees abroad, and was boo.....
Tags : Bombay High Court,Hasan Ali ,Money Laundering Case
Notifications & Circulars
Additional or Joint Commissioners of IT to performs functions of Assessing Officers under Black Money Tax Act, 2015(24.08.2015)
The Central Board of Direct Taxes notified that Additional or Joint Commissioners of Income-tax will exercise the powers and perform the functions of .....
Tags : Black money, tax, assessing officer
Bombay High Court Dismisses NSE Petition against Moneylife(10.09.2015)
Bombay High Court while deciding the matter in favour of defendants Sucheta Dalal and Debashis Basu, founders of media firm Moneylife has dismissed th.....
Tags : Bombay High Court, Money life
Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets(03.09.2015)
The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposit.....
Tags : Black money, clarifications, residency, foreign employment
RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)
Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....
Tags : Reserve Bank of India ,FEMA ,black money compliance window
Rules regarding quoting of PAN for specified transactions amended(15.12.2015)
To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher valu.....
Tags : Permanent account number, black money, transactions
CBDT Notifies New Income Tax Department Authority to Deal with Black Money Window(18.12.2015)
Central Board of Direct Taxation (CBDT) has notified new Income Tax department authority which will now be empowered to receive due taxes and penalty .....
Tags : Central Board of Direct Taxation, Income Tax department authority, Black Money Window
Punjab and Haryana HC Rejects Petitions, Refuses to Quash Case Registered by ED(23.12.2015)
Punjab and Haryana HC has rejected petitions filed by Ajay Singh, city advocate Mukesh Mittal’s clerk and two other associates, challenging case regis.....
Tags : Punjab and Haryana HC, multi-crore money laundering case
644 declarations made during Black Money compliance window(06.01.2016)
Totaling about Rs 4,164 crores, 644 declarations were received during the compliance window provided under the Black Money (Undisclosed Foreign Income.....
Tags : Black money, compliance, declarations
Application to regularize assets held abroad to be sent to RBI(10.02.2016)
The Reserve Bank of India notified consideration of applications at its Central Office in Mumbai seeking regularisation of assets held abroad by a per.....
Tags : Rbi, foreign asset, black money, regularisation
SEBI Relaxes Mutual Fund Norms on Unclaimed Investor Money(26.02.2016)
Securities and Exchange Board of India (SEBI) has relaxed mutual fund norms to allow Asset Management Companies (AMCs) to invest unclaimed redemption .....
Tags : Securities and Exchange Board of India, Unclaimed Investor Money
Income Declaration Scheme 2016 to open 1 June 2016(14.05.2016)
The Income Declaration Scheme 2016 incentivising declaration of black money will commence 1 June 2016.
Monies declared under the scheme wi.....
Tags : black money, income tax, window
Submission of statement in XBRL(19.05.2016)
The Reserve Bank of India advised Indian Agents (Authorised Dealer Category – I banks) under the Money Transfer Service Scheme to report MTSS transact.....
Tags : Xbrl, money transfer service, 2016, indian agent
CBDT: Corrupt Can’t Use Black Money Window(23.05.2016)
Central Board of Direct Taxes (CBDT) has said that corrupt individuals will not be eligible to declare their black money under compliance window that .....
Tags : Central Board of Direct Taxes, Black Money Window
Delhi HC: Enforcement Director Can't Act as 'Super Investigator'(24.05.2016)
Delhi High Court while hearing the pleas filed by Himachal Pradesh Chief Minister Virbhadra Singh and others in connection with a money laundering cas.....
Tags : Delhi High Court. Virbhadra Singh, money laundering case
Clarifications on Income Declaration Scheme, 2016(27.06.2016)
The Central Board of Direct Taxes issued further clarifications to the recently announced Income Tax Declaration Scheme, 2016.
Elaborations.....
Tags : income tax, black money, declaration, clarifications
Government Extends Payment Date for Black Money Compliance Scheme(15.07.2016)
Government has allowed payment of tax and penalty in installments over an extended period for the black money disclosed under One-Time Compliance Sche.....
Tags : Government , One-Time Compliance Scheme, black money
Bombay HC Grants Interim Protection to Pankaj Bhujpal(05.08.2016)
Bombay HC has granted interim protection to Pankaj Bhujbal till August 8 against any arrest by the Prevention of Money Laundering Act (PMLA) court.
Tags : Bombay HC, Prevention of Money Laundering Act (PMLA) Court
CIC to PMO: Respond to RTI Query on Modi's Black Money Promise(02.09.2016)
Central Information Commission (CIC) has asked Prime Minister's Office (PMO) to reply to RTI applicant, who wishes to know status of black money that .....
Tags : Central Information Commission, PMO, Black Money
RBI: Banks Can Accept Tax Dues in Cash under Income Declaration Scheme(09.09.2016)
Reserve bank of India (RBI) has directed banks to accept tax dues in cash under the domestic black money declaration scheme which closes on September .....
Tags : RBI, domestic black money declaration scheme
Financial Action Task Force (FATF) Public Statement dated June 24, 2016(20.09.2016)
The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financ.....
Tags : Money laundering, Terrorist financing, Measures
Government Demonetises Rs. 500 & Rs. 1000 Currency Notes, ATMs Shut for 2 Days, Banks Closed Today(09.11.2016)
Taking Nation by surprise, Prime Minister Narendra Modi has announced demonetisation of Rs. 1000 and Rs. 500 notes with effect from midnight of Nov. 8.....
Tags : Prime Minister, Modi, demonetisation, black money
Top Story
Rupees 500 and 1000 denomination notes are no more a legal tender : Union Government(08.11.2016)
The Prime Minister of India in a surprise move announced demonetization rupees 500 and 1000 denomination notes with effect from midnight of 8th Novemb.....
Tags : Rupees, De-monetisation, Black money
Bombay HC Allows Bhujbal to Withdraw Plea Challenging Constitutionality of PMLA(16.11.2016)
Bombay High Court has allowed NCP leader Chhagan Bhujbal and his nephew Sameer to withdraw a petition challenging constitutional validity of certain p.....
Tags : Bombay High Court, Chhagan Bhujbal, Prevention of Money Laundering Act (PMLA)
Bombay HC Seeks ED’s Report on Cases Against Chhagan Bhujbal(18.11.2016)
Bombay High Court has sought Enforcement Directorate’s report regarding its probe against Ex-Maharashtra Deputy CM Chhagan Bhujbal and his family memb.....
Tags : Bombay High Court, money laundering, Chhagan Bhujbal
Bombay HC: Government's Intention to Act Against Parallel Economy in Black Money Not Mala fide(18.11.2016)
Bombay High Court has said that, "Government's efforts to act against black money needs to be supported".
Tags : Bombay High Court, black money, Parallel Economy
Bombay HC: Continue Medical Treatment of Chhagan Bhujbal at Bombay Hospital(24.11.2016)
Bombay HC has asked Enforcement Directorate to continue to provide treatment to NCP Leader Chhagan Bhujbal, arrested in a money-laundering case at Bom.....
Tags : Bombay HC, money-laundering, treatment, Bombay Hospital, Chhagan Bhujbal
RBI Capped Withdrawal From Jan Dhan Accounts to Rs. 10000 Per Month(30.11.2016)
Reserve Bank of India (RBI) has issued a notification saying that Jan Dhan Account Holders will be allowed to withdraw only Rs 10,000 a month, as a te.....
Tags : Reserve Bank of India, Jan Dhan Account, money laundering, withdraw
Bombay High Court Rejects Habeas Corpus Plea By Chhagan Bhujbal(14.12.2016)
Bombay High Court has dismissed Habeas Corpus plea filed by Former Maharashtra Deputy Chief Minister Chhagan Bhujbal alleging that his arrest by Enfor.....
Tags : Bombay High Court, Chhagan Bhujbal, Prevention of Money Laundering Act (PMLA)
Karnataka High Court Extends Judicial Custody of SC Jayachandra in Money Laundering Case(23.12.2016)
Karnataka High Court has passed an interim order asking jail Authorities not to release SC Jayachandra, the suspended bureaucrat arrested on charges o.....
Tags : Karnataka High Court, Money Laundering, SC Jayachandra,
Karnataka HC Sets Deadline for Disposal of Jayachandra’s Bail Plea in Money Laundering Case(03.01.2017)
Karnataka High Court has directed Trial Court to dispose of S C Jayachandra’s bail plea in three days from next date of hearing.
Tags : Karnataka High Court, S C Jayachandra, Money Laundering
Delhi HC: Public Interest Best Served When Public Money is Not Wasted(05.01.2017)
Delhi High Court, while setting aside a Delhi Government’s decision that rejected bid of a Security Service Provider for quoting a very low agency cha.....
Tags : Delhi High Court, Security Service Provider, Public Money
Madras HC Dismisses Plea Challenging ED Summons over Aircel-Maxis Matter(06.01.2017)
Madras High Court, while concurring with Centre's view that probe over money laundering charges on Aircel-Maxis deal was being monitored by Supreme Co.....
Tags : Madras High Court, Aircel-Maxis deal, money laundering
Income Tax Department (ITD) launches Operation Clean Money(31.01.2017)
Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits .....
Tags : Launch, Operation, Clean money
Involvement of bank officials in money laundering during post monetization(07.02.2017)
Enforcement Directorate has intimated that bank employees have been found indulging in money laundering and other unfair practices during the phase of.....
Tags : Bank officials, money laundering, Investigation
Declaration of Black Money by Tax Payers(07.02.2017)
There is no official estimation of percentage of black money held in India in cash. In the last financial year (2015-16) 648 disclosures involving und.....
Tags : Black money, Declaration, Tax payers
Operation Clean Money by IT Dept gets overwhelming response(13.02.2017)
The Income Tax Department (ITD) had initiated 'Operation Clean Money' on 31st January, 2017 for the e-verification of large cash deposits made during .....
Tags : Overwhelming response, Clean Money, Clean money
Karnataka High Court Quashes Money Laundering Case Against Ex Minister Gali Janardhan Reddy(14.03.2017)
Karnataka High Court has quashed Enforcement Directorate proceedings against former minister and mining baron Gali Janardhan Reddy, who came under inc.....
Tags : Karnataka High Court, Gali Janardhan Reddy, Money Laundering
Launch of Operation Clean Portal by Finance Minister, Shri Arun Jaitley(16.05.2017)
Operation Clean Money Phase I: 18 lakhs persons identified; More than 9.72 lakhs taxpayers submitted online responses for 13.33 lakh accounts involvin.....
Tags : Clean money, operation, Portal, Launch
Govt Notifies Rules for Issue of Summons Under Prevention of Money-Laundering Act(29.05.2017)
Govt has notifies rules for issue of summons under Prevention of Money-Laundering Act thereby making it mandatory to serve every summon or notice in F.....
Tags : Money-Laundering Act
Delhi HC: No Notice Needed to Search & Seize 'Undisclosed Money' Deposited in 3rd Party A/C(31.05.2017)
Delhi High Court held that ‘Undisclosed Money’ deposited in a third parties’ Bank Account can be subject to search and seizure under Income Tax Act ev.....
Tags : Delhi High Court, Undisclosed Money, Income Tax Act
Delhi High Court Rejects Virbhadra Singh's plea to Quash PMLA Case(03.07.2017)
Delhi High Court has refused to quash money laundering case against Himachal Pradesh Chief Minister Virbhadra Singh, his wife and son.
Tags : Delhi High Court, money laundering
Delhi HC: Sensitize Judicial Officers On Maximum Length Of Police Custody Under PMLA(12.09.2017)
Delhi High Court has requested District & Sessions Judges to sensitize Judicial Officers posted under their jurisdiction regarding the maximum period .....
Tags : Delhi High Court, Prevention of Money Laundering Act
Layers of Corporate Subsidiaries Restricted to Two to Check Money Laundering, Protect Investors(26.09.2017)
Companies other than banking & non-banking financial company or insurance firm can now have only two layers of subsidiaries with the government bringi.....
Tags : money laundering
SIT On Black Money Is Public Authority Under RTI: CIC(12.10.2017)
Central Information Commission (CIC) has held the special investigation team on black money a ‘public authority’ as per the Right to Information Act.
Tags : Central Information Commission, Black Money
Judgments
If there is no stipulation in contract of forfeiture, there is no such right available to party to forfeit the sum(25.10.2017)
Present appeal is filed by the Plaintiff against the final judgment passed by the High Court of Madhya Pradesh, whereby the High Court dismissed the a.....
Tags : Power to forfeit, Security money, Auction notice, Conditions, Breach
Supreme Court Strikes Down PMLA Section on Stringent Bail Conditions(24.11.2017)
Supreme Court has struck down as unconstitutional Section 45 (1) of the Prevention of Money Laundering Act (PMLA), 2002, which imposed stringent condi.....
Tags : Supreme Court, Prevention of Money Laundering
Supreme Court Dismisses Plea Against Rakesh Asthana's Appointment as CBI Special Director(29.11.2017)
Supreme Court Dismisses Plea Against Rakesh Asthana's Appointment as CBI Special Director
Tags : The Centre had opposed the plea, saying Asthana had an outstanding career and had supervised over 40 high-profile cases like coal scam, AugustaWestland scam, black money and money laundering cases.
Delhi High Court Rejects Virbhadra's Wife, Others Plea Against PMLA Clause(12.01.2018)
Delhi High Court has upheld the validity of a money laundering law provision while rejecting 19 pleas, including that of former Himachal Pradesh Chief.....
Tags : Delhi High Court, Money Laundering
No contract shall bind the Corporation if not made in accordance with the provisions of Act(06.09.2018)
The Pune Municipal Corporation has preferred present First Appeal against the money decree passed by the trial Court. The Learned Trial Judge, by the .....
Tags : Money decree, Loan, Sanction
Protect Taxpayers' Money, Spend Judiciously: Madras High Court(03.10.2018)
Madras high court has said that powers under Constitution are provided to administrators to protect tax payers money and pointed out that tax payers m.....
Tags : Madras High Court, Taxpayer Money
Delhi High Court Raps ED for Blocking Transfer of Money by Saudi Investors(11.01.2019)
Delhi High Court has ruled Enforcement Directorate’s action to stop two Saudi investors from transferring proceeds from the sale of shares in a listed.....
Tags : Delhi High Court, Raps ED for Blocking Transfer of Money
Madras HC Rejects PIL Seeking Direction to FM to Bring Back Black Money Stashed Abroad(05.02.2019)
Madras High Court has dismissed a PIL seeking a direction to Union Finance Ministry to take action on a representation for bringing back black money s.....
Tags : Madras High Court, Black Money
CIVIL - Delhi HC Questions Centre on Giving Retrospective Effect to Black Money Law(27.02.2019)
Delhi High Court has asked Centre as to how it gave retrospective effect - from July 2015 - to black money law which was enacted in April 2016 to deal.....
Tags : Delhi High Court, Black Money Law
CONSTITUTION - Delhi HC Dismisses PIL Challenging Amendments to PMLA Through Finance Act(28.02.2019)
Delhi High Court has dismissed the PIL filed by Congress Leader Jairam Ramesh challenging the amendments to Prevention of Money Laundering Act, 2002 t.....
Tags : Delhi High Court, Prevention of Money Laundering Act, 2002, Finance Acts of 2015, 2016 and 2018
COMPANY - Conversion of Unaccounted Money Through Cloak of Share Capital/Premium Must be Scrutinised: SC(07.03.2019)
Supreme Court has observed that assessee is under a legal obligation to prove receipt of share capital/premium to satisfaction of Assessing Officer, f.....
Tags : Supreme Court, Share Capital/Premium, Conversion of Unaccounted Money
RDBA, SARFAESI, IBC Don't Prevail Over PMLA, Must be Harmonically Construed: Delhi HC(04.04.2019)
Delhi High Court has held that Recovery of Debts and Bankruptcy Act, SARFAESI Act and Insolvency and Bankruptcy Code don't prevail over provisions of .....
Tags : Delhi High Court, Prevention of Money-Laundering Act
Check on Black Money in Polls Futile if Identity of Donors is Not Known: SC(12.04.2019)
Supreme Court has held that if identity of the purchasers of electoral bonds meant for transparent political funding is not known, then the efforts of.....
Tags : Supreme Court, Black Money
Money Laundering Law Prevails over Bankruptcy Act, Insolvency Code: Delhi HC(15.04.2019)
Delhi High Court has held that Money Laundering law, PMLA, prevails over Bankruptcy Act and Insolvency Code when it comes to attachment of properties.....
Tags : Delhi High Court, Money Laundering
Supreme Court Stays Delhi High Court Order Stopping Retrospective Black Money Law(21.05.2019)
Supreme Court has stayed the Delhi High Court order which had held that the 2016 black money law cannot be allowed to operate with retrospective effec.....
Tags : Supreme Court, Black Money
Gujarat High Court Grants Stay on Settlement Commission Order on Black Money(04.06.2019)
Gujarat High Court has allowed an interim stay against an order passed by the Settlement Commission in a case pertaining to the law on black money mak.....
Tags : Gujarat High Court, Black Money
Calcutta High Court Notice Brings Cut Money Scandal to Mamata Banerjee’s Doorstep(03.07.2019)
Calcutta High Court has directed Bengal food minister Jyotipriya Mullick,his confidential assistant,a councillor and the State to respond within four .....
Tags : Calcutta High Court, Cut Money Scandal
Delhi HC: Why Pleas for Quashing Money Laundering FIR Against Bhandari, Vadra Not be Heard Together(23.07.2019)
Delhi High Court has sought to know as to why the separate pleas of arms dealer Sanjay Bhandari and Robert Vadra, seeking quashing of a money launderi.....
Tags : Delhi HC, Money Laundering
Delhi High Court Displeased Over Wastage of Taxpayer Money to Remove Encroachers from Govt Land(01.08.2019)
Delhi High Court has directed the Centre to initiate prosecution against the CPWD officers who allowed the encroachment to go on since 1977 thereby ex.....
Tags : Delhi High Court, Taxpayer Money
Special Judge Convicts Wildlife Offenders for Money Laundering(13.09.2019)
Special Judge has convicted two persons for committing an offence under Sections 3 and 4 of Prevention of Money Laundering Act, 2002. The Court also o.....
Tags : Special Judge, Money Laundering
PMLA Appellate Authority: IBC Prevails Over Prevention of Money Laundering Act(24.09.2019)
In an important decision, the Appellate Authority of the Prevention of Money Laundering Act, 2002 has upheld the prevalence of the Insolvency and Bank.....
Tags : Appellate Authority of the Prevention of Money Laundering Act, 2002, Insolvency and Bankruptcy Code, PMLA
Prevention of Money-laundering (Maintenance of Records) Fifth Amendment Rules, 2019(13.11.2019)
In exercise of the powers conferred by section 73, read with section 11A and section 12AA of the Prevention of Money-laundering Act, 2002 (15 of 2003).....
Tags : Rules, Amendment, Money-laundering
Delhi Court Grants Bail to CC Thampi in Money Laundering Case(30.01.2020)
Delhi Court has granted bail to CC Thampi in a money laundering case related to Robert Vadra for allegedly acquiring assets abroad in an illegal manne.....
Tags : Delhi Court, CC Thampi, Bail, Money Laundering Case
Application for setting aside the sale can be made only after deposit of purchase money(25.02.2020)
Present civil appeal is filed by the Appellants, aggrieved by the judgment and order passed in Letters Patent Appeal by the High Court. It is contende.....
Tags : Purchase money, Deposit, Time period
SEBI advises Franklin Templeton mutual fund to focus on returning money to investors(07.05.2020)
SEBI has advised Franklin Templeton mutual fund (FT) to focus on returning money to investors, in the context of their winding up six of their debt sc.....
Tags : Advisory, Returning of money, Investors
Orissa HC: Money Laundering an Act of Financial Terrorism, Poses Threat to Sovereignty(16.07.2020)
Orissa High Court has observed that the offence of Money Laundering is nothing but an act of financial terrorism that poses a serious threat not only .....
Tags : Orissa High Court, Money Laundering
Karnataka HC Grants Bail to Prime Accused Mansoor Khan in IMA Money Laundering Case(30.10.2020)
Karnataka High Court has granted bail to Mohammad Mansoor Khan, prime accused in the 'I Monetary Advisory' (IMA) scam in a case registered with the En.....
Tags : Karnataka High Court, IMA Money Laundering Case
J&K HC Orders Direct Money Transfer to Land Sellers to Cut Out Middle Man(16.12.2020)
Jammu and Kashmir High Court has ordered “immediate and direct” transfer of money into the accounts of land owners to ensure compensation for land acq.....
Tags : Jammu and Kashmir High Court, Direct Money Transfer to Land Sellers
ITAT: Share Application Money is ‘Capital Asset’ Under Income Tax Act(18.12.2020)
Income Tax Appellate Tribunal (ITAT), Mumbai has held that Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act, 1961.
Tags : Income Tax Appellate Tribunal, Share Application Money
Share Application Money as transferred by the assessee is ‘Capital Asset’ for the purpose of Income Tax Act, 1961(15.12.2020)
In facts of present case, as a part of corporate restructuring undertaken by the assessee group, it was decided that, shares of certain group entities.....
Tags : Assessment, Share money, Capital Assets
P&H HC Denies Pre-Arrest Bail to Husband and Wife Accused of Misappropriating Money Payable(28.01.2021)
Punjab & Haryana High Court has denied pre-arrest bail to Darshna Rani and Vijay Kumar (husband and wife) who are accused of misappropriating the mone.....
Tags : Punjab and Haryana High Court, Misappropriation of Money Payable to Farmers
Madras HC: PMLA Cannot be Invoked if No Nexus Between Criminal Activity and Property Acquired(08.02.2021)
Madras High Court has held that the provisions of the Prevention of Money Laundering Act, 2002 cannot be invoked in the absence of nexus between crimi.....
Tags : Madras High Court, Prevention of Money Laundering Act, 2002
If a statute provides for a thing to be done in a particular manner then the same has to be done in that manner alone and in no other manner(03.02.2021)
The present appeal has been filed by Appellant raising the issue relating to the freezing of their bank account under Section 17 of the Prevention of .....
Tags : Prevention of Money-Laundering Act, 2002, Freezing of Account
SC: Bank Officers Dealing in Public Money to be Vigilant(09.02.2021)
Supreme Court has said bank officers dealing in public money need to be vigilant and any deviation from the procedural guidelines for disbursing loans.....
Tags : Supreme Court, Bank Officers Dealing in Public Money
Delhi Court Grants Bail to Anoop Kumar Gupta in Augusta Westland Money Laundering Case(06.04.2021)
Delhi Court has granted bail to businessman Anoop Kumar Gupta, an accused in the Augusta Westland money laundering case subject to his furnishing of p.....
Tags : Delhi Court, Augusta Westland Money Laundering Case
Delhi Court Grants Bail to Former Rajya Sabha MP KD Singh in Money Laundering Case(07.04.2021)
Delhi Court has granted bail to former Rajya Sabha MP, belonging to the Trinamool Congress (TMC), in a money laundering case registered by Enforcement.....
Tags : Delhi Court, Money Laundering Case
Central Govt Notifies Special Courts in Tripura to Deal with Income Tax and Black Money Cases(13.05.2021)
Central Government has notified the constitution of special courts under section 280A(1) of the Income Tax Act, 1961 and section 84 of the Black Money.....
Tags : Central Government, Income Tax and Black Money Cases
Kerala HC Seeks ED Response on Plea Seeking Directions to Investigate Kodakara Black Money Case(07.06.2021)
Kerala High Court has sought the response of the Enforcement Directorate on a plea which seeks directions to the central agency to investigate the Kod.....
Tags : Kerala High Court, Kodakara Black Money Case
Delhi HC Issues Notice on NewsClick Plea for Quashing of ED's Money Laundering Case(06.07.2021)
Delhi High Court has issued notice on M/s PPK NewsClick Studio Pvt Ltd and its founder Prabir Purkayastha's petition seeking quashing of an ECIR again.....
Tags : Delhi High Court, NewsClick, ED Money Laundering Case
Kerala High Court Dismisses Plea Seeking Further Probe in Kodakara Money Heist(28.07.2021)
Kerala High Court has imposed a cost of Rs 10,000 on an organisation seeking to entrust the investigation in the Kodakara money heist case to the Crim.....
Tags : Kerala High Court, Kodakara Money Heist
CBDT Notifies Constitution of Special Court for Income Tax and Black Money Cases(06.08.2021)
Central Board of Direct Taxes (CBDT) has notified the constitution of special courts under section 280A(1) of the Income Tax Act, 1961 and section 84 .....
Tags : Central Board of Direct Taxes, Special Court for Income Tax and Black Money Cases
SC Issues Notice to KIMS in Wife Plea Seeking Release of Money from PM Cares Fund(12.08.2021)
Supreme Court has issued notice to Krishna Institute Of Medical Sciences Limited (KIMS) in a wife's plea seeking the release of approximately 1 crore .....
Tags : Supreme Court, Release of Money from PM Cares Fund
Gauhati HC Denies Pre-Arrest Bail to Reporter Accused of Extorting Money from Doctor(23.08.2021)
Gauhati High Court has denied anticipatory bail to a Press Reporter who allegedly threatened the District Immunization Officer of Assam's Dibrugarh of.....
Tags : Gauhati High Court, Reporter Accused of Extorting Money from Doctor
Delhi HC Directs Centre For Filling Up Of Vacancies In Adjudicating Authority Under PMLA(04.10.2021)
Delhi High Court has directed the Centre for filling up the vacancy positions for members in the Adjudicating Authority under the Prevention of Money .....
Tags : Delhi High Court, Prevention of Money Laundering Act
Delhi Court Grants Bail to Peter Mukherjea in INX Media Money Laundering Case(06.12.2021)
Delhi Court has granted bail to Peter Mukherjea, accused in connection with the INX Media Money Laundering case.
Tags : Delhi Court, INX Media Money Laundering Case
Delhi HC Seeks ED's Response on Plea by Popular Front of India Challenging Money Laundering Case(09.12.2021)
Delhi High Court has sought the response of the Enforcement Directorate on a plea filed by Popular Front of India (PFI) challenging a money laundering.....
Tags : Delhi High Court, Money Laundering Case
Supreme Court: Money Deposited by Customer in Bank is Not Held as Trustee(28.12.2021)
Supreme Court has observed that the money that is deposited by the customer in the bank is not held by it as a trustee but it becomes a part of the ba.....
Tags : Supreme Court, Money Deposited by Customer in Bank
Karnataka High Court: ED Can Probe A Case Throughout India Under PMLA(07.01.2022)
Karnataka High Court has said that the Enforcement Directorate can probe a case throughout India, including the Union Territory of Jammu and Kashmir u.....
Tags : Karnataka High Court, Prevention Of Money Laundering Act, 2002, Enforcement Directorate
SC Issues Notice in ED's Plea Challenging Bail to Chinese National Accused in Money Laundering Case(18.01.2022)
Supreme Court has issued notice in Enforcement Directorate's plea challenging bail granted to a Chinese National accused in the money laundering case .....
Tags : Supreme Court, Money Laundering Case
Karnataka HC Dismisses Plea on Authority of Police Officers to Register Money Laundering Case(01.02.2022)
Karnataka High Court has dismissed a petition which had claimed that police officers of the Karnataka cadre, who were deputed to the Enforcement Direc.....
Tags : Karnataka High Court, Money Laundering Case
SC: Maximum Punishment for Money Laundering Does Not Dilute Gravity of Offence(17.02.2022)
Supreme Court has remarked that the fact that the Prevention of Money Laundering Act,. 2002 contemplates a maximum punishment of 7 years imprisonment .....
Tags : Supreme Court, Maximum Punishment for Money Laundering
Delhi HC Seeks Response in Bail Plea Filed by Yes Bank Founder in Money Laundering Case(17.02.2022)
Delhi High Court has sought response of the Enforcement Directorate in the bail plea filed by Yes Bank founder Rana Kapoor in a money laundering case .....
Tags : Delhi High Court, Yes Bank Founder, Money Laundering Case
Delhi HC: Offence of Money Laundering is Layered and Multi-Fold Including Stages of Offence(18.02.2022)
Delhi High Court has held that the offence of money laundering under the Prevention of Money Laundering Act, 2002 is layered and multi-fold which incl.....
Tags : Delhi High Court, Offence of Money Laundering
Telangana HC: Dispute Regarding Non-Refund of Money is Of Civil Nature(24.02.2022)
Telangana High Court has reiterated that the dispute regarding non-refund of money is of civil nature. For criminal prosecution under the offence of c.....
Tags : Telangana High Court, Non-Refund of Money
Mumbai Special Court Denies Bail to Anil Deshmukh in Money Laundering Case(15.03.2022)
Special PMLA Court in Mumbai has denied bail to former Maharashtra Home Minister Anil Deshmukh in an alleged money laundering case. Deshmukh, an NCP l.....
Tags : Mumbai Special Court, Money Laundering Case, Anil Deshmukh
Madras HC Denies Bail to NRI Company Director Accused of Money Laundering(30.03.2022)
Madras High Court has refused to grant bail to Ahmed A.R Buhari, director and promoter of M/s Coastal Energen Private Limited (CEPL) who was accused u.....
Tags : Madras High Court, Section 3 of the Prevention of Money Laundering Act, 2002, of M/s Coastal Energen Private Limited
ITAT, Mumbai: Provisions of Black Money Act Cannot be Invoked for Minor Breach of Law(06.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has observed that the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Impositio.....
Tags : Income Tax Appellate Tribunal, Black Money Act
ITAT, Mumbai: Non-Disclosure of Foreign Asset in ITR Not Valid Reason for Imposition of Penalty(08.04.2022)
Income Tax Appellate Tribunal (ITAT), Mumbai has observed that non disclosing of a foreign asset in the income tax return, by itself, is not a valid r.....
Tags : Income Tax Appellate Tribunal, foreign asset, income tax return, Black Money Act, assessee
SC Declines Bail Plea of Maharashtra Minister Nawab Malik(22.04.2022)
Supreme Court has declined to approve bail to Maharashtra Cabinet Minister and NCP leader Nawab Malik in a case of money laundering, by stating that t.....
Tags : Supreme Court, Maharashtra Cabinet Minister, Nawab Malik, money laundering
NCLAT, Delhi: Amount Given as Share Application Money is Not Covered Under Financial Debt(25.04.2022)
National Company Law Appellate Tribunal (NCLAT) , Delhi has held that money given as Share Application Money cannot be treated as a financial debt in .....
Tags : National Company Law Appellate Tribunal, Share Application Money
ITAT, Chennai: Subscription Money Received in Advance by DTH Operators is Taxable(12.05.2022)
Income Tax Appellate Tribunal, Chennai has declared that subscription money received by direct-to-home (DTH) providers in advance is not taxable. The .....
Tags : Income Tax Appellate Tribunal, direct-to-home, subscription money
Delhi HC: Arbitrator Can’t Allow Forfeiture of Consideration Amount Without a Proof of Actual Loss(23.05.2022)
Delhi High Court has held that the arbitrator cannot allow forfeiture of a substantial amount of consideration without the proof of actual loss solely.....
Tags : Delhi High Court, Earnest Money, Arbitration
Delhi HC: Expeditiously Fill Vacant Posts in Adjudicatory Authority Under PMLA(09.06.2022)
Delhi High Court has directed filling up all the vacant posts in Adjudicatory Authority under Prevention of Money Laundering Act (PMLA) on an expediti.....
Tags : Delhi High Court, Prevention of Money Laundering, Vacant
SC: Plea to Remove Minister Can be Listed Only After Placing Before CJI(23.06.2022)
Supreme Court has held that PIL seeking direction to Delhi and Maharashtra Government to remove its Health Minister Satyendar Jain & Cabinet Minister .....
Tags : Supreme Court, Chief Justice of India, Money Laundering
Madras HC Stays ED Proceedings Against TN Fisheries Minister Anitha Radhakrishnan(30.06.2022)
Madras High Court has stayed the money laundering case being probed by the Enforcement Directorate (ED) against Minister of Fisheries, Fishermen Welfa.....
Tags : Madras High Court, ED, Money Laundering
P&H HC Grants Bail to Former Punjab CM Charanjit Singh Channi's Nephew(04.07.2022)
Punjab and Haryana High Court has granted the bail plea moved by Punjab Chief Minister Charanjit Singh Channi's nephew Bhupinder Singh in connection w.....
Tags : Punjab and Haryana High Court, Bail, Prevention of Money Laundering Act
Delhi Court Denies Bail to Former NSE CEO Chitra Ramkrishna in Money Laundering Case(29.08.2022)
Delhi Court has denied bail to former NSE CEO Chitra Ramkrishna in a money laundering case registered by the Enforcement Directorate in connection wit.....
Tags : Delhi Court, NSE, Money Laundering, Phone Tapping
Delhi HC: Mere Exculpatory Statement Not Ground to Believe Accused is Not Guilty of Money Laundering(15.09.2022)
Delhi High Court has held that a mere exculpatory statement made to officials of Enforcement of Directorate (ED) cannot suffice to form a reasonable g.....
Tags : Delhi High Court, Money Laundering, Enforcement Directorate
Delhi Court Stays Proceedings Against AAP Leader Satyendar Jain(20.09.2022)
Delhi Court has stayed trial court proceedings against Aam Aadmi Party (AAP) leader Satyendar Jain, who is presently in judicial custody in money laun.....
Tags : Delhi Court, Money-Laundering, Satyendar Jain
Delhi Court: Special Judge An Upright Officer But Circumstances Raise Apprehension of Probable Bias(26.09.2022)
Delhi Court while transferring proceedings in money laundering case against Satyendar Jain, has observed that although the special judge is an upright.....
Tags : Delhi High Court, Money Laundering, Satyendar Jain
Delhi Court Grants Interim Bail to Jacqueline Fernandez in Money Laundering Case(26.09.2022)
Delhi Court has granted interim bail to bollywood actress Jacqueline Fernandez in a purported Rs. 200 crore money laundering case involving alleged co.....
Tags : Delhi Court, Money Laundering, Jacqueline Fernandez
Delhi HC Dismisses Satyendar Jain's Plea Against Transfer of Proceedings in PMLA Case(03.10.2022)
Delhi High Court has dismissed the plea moved by Aam Aadmi Party leader Satyendar Jain challenging the transfer of proceedings against him in money la.....
Tags : Delhi High Court, Money Laundering, Transfer, Satyendar Jain
Bombay High Court Grants Bail to Anil Deshmukh in Money Laundering Case(06.10.2022)
Bombay High Court has granted bail to former Maharashtra home minister Anil Deshmukh, 73, in a money laundering case being investigated by the Enforce.....
Tags : Bombay High Court, Anil Deshmukh, Money Laundering
SC Upholds Manik Bhattacharya's Arrest in Bengal Teacher Recruitment Scam Case(20.10.2022)
Supreme Court has declined to interfere with the arrest of Trinamool Congress leader and former chairman of West Bengal Board of Primary Education Man.....
Tags : Supreme Court, money laundering, appointment
Kar. HC: Application For Recording Statement Of Accused Can Only be Made Before Sessions Court(21.10.2022)
Karnataka High Court has said that in light of the statutory framework of Prevention of Money Laundering Act, applications for recording statements of.....
Tags : Karnataka High Court, Prevention of Money Laundering Act, Special, Sessions
Delhi Court Grants Bail to Jacqueline Fernandez in Money Laundering Case(16.11.2022)
Patiala House Court, Delhi has ranted pre-arrest bail to Bollywood actor Jacqueline Fernandez in the Rs 200-crore money laundering case being probed b.....
Tags : Patiala House Court, Money Laundering, Bail
Bom. HC: Civil Court Order Shall Prevail Over Findings Recorded Under Maharashtra Money-Lending Act(17.11.2022)
Bombay High Court has held that judgement of the Civil Court in a prior suit will prevail over an order passed under Section 18(2) of the Money Lendin.....
Tags : Bombay High Court, Money Lending, Civil Court
Delhi Court Denies Bail to Satyendar Jain in Money Laundering Case(18.11.2022)
Rouse Avenue Court, Delhi has denied bail to Aam Aadmi Party leader Satyendar Jain in a money laundering case.
Tags : Rouse Avenue Court, Money Laundering, Bail
SC: Criminal Law Not for Money Recovery(20.01.2023)
Supreme Court while observing that recovery of money is essentially within the realm of civil proceedings, has held that there is no justification in .....
Tags : Supreme Court, Money Recovery, Pre-Arrest Bail
Delhi HC Refuses To Quash Money Laundering Case Against Raghav Bahl; Calls Plea 'Premature'(24.01.2023)
Delhi High Court has refused to quash a money laundering case against The Quint's founder, Raghav Bahl at this stage. The court at this stage also ref.....
Tags : Delhi High Court, money laundering, Quint's, Raghav Bahl
SC: Conditions Under Section 45 of PMLA Applicable to Anticipatory Bail Applications(27.02.2023)
Supreme Court has held that conditions under Section 45 of Prevention of Money Laundering Act (PMLA) for grant of bail are applicable to anticipatory .....
Tags : Supreme Court, Prevention of Money Laundering Act, Anticipatory Bail
Del. Court: Sisodia was Instrumental in Implementation of Excise Policy; Arrest Justified(13.03.2023)
Rouse Avenue District Court, Delhi has held that Manish Sisodia was instrumental in formulation and implementation of Delhi excise policy for 2021-22 .....
Tags : Rouse Avenue District Court, Manish Sisodia, Excise Policy, Money Laundering
SC: Accused Not Entitled to Bail in PMLA Case Merely Because Chargesheet Filed for Predicate Offence(15.05.2023)
Supreme Court while setting aside bail granted to accused in PMLA Case, has held that merely because, for predicated offences chargesheet might have b.....
Tags : Supreme Court, Money Laundering Case, PMLA, Predicate Offence
SC: Registration of FIR in Corruption Case is Sufficient for ED to Launch Probe(18.05.2023)
Supreme Court while clarifying that generation and acquisition of proceeds of crime are like Siamese twins which would amount to money laundering, has.....
Tags : Supreme Court, Corruption, Enforcement Directorate, FIR, Money Laundering
International Cases
Insured persons are under a duty to act in good faith in their dealings with insurers(14.06.2023)
The issue before the Supreme Court was whether Discovery Limited (Discovery) was entitled to terminate the insurance policy with retrospective effect .....
Tags : Insurance policy, Refund, Moneys
Delhi HC: PayPal Obliged to Comply with Reporting Entity Obligations as Provided Under PMLA(25.07.2023)
Delhi High Court has held that payment platform PayPal is liable to be viewed as a “payment system operator” and thus, obliged to comply with reportin.....
Tags : Delhi High Court, PayPal, Prevention of Money Laundering Act, 2002, PMLA
Amendment to Master Guidelines on Anti-Money Laundering/Counter Financing of Terrorism (AML/CFT) 2022(10.10.2023)
1. This has reference to Master Guidelines on AML/CFT, 2022 issued by the Authority vide ref: IRDAI/IID/GDL/MISC/160/8/2022 dated 1st August 2022.
.....
Tags : Amendment, Guidelines, Anti-Money Laundering
SEBI notifies simplified norms for processing investor’s service requests by RTAs and norms for furnishing PAN, KYC details and nomination(17.11.2023)
The Securities and Exchange Board of India (SEBI) vide its Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2023/181 dated November, 17, 2023, has simplified th.....
Tags : SEBI, Registrars’ Association of India, Benami Transactions (Prohibitions) Act, 1988, Prevention of Money Laundering Act, 2002
SC: Aam Aadmi Party Leader Satyendra Jain Prima Facie Guilty of Money Laundering(19.03.2024)
Supreme Court while denying bail to Aam Aadmi Party leader Satyendra Jain, has observed that there is sufficient material collected by the Enforcement.....
Tags : Supreme Court, Aam Aadmi Party, Money Laundering
Hemant Soren, Former CM of Jharkhand Moves SC After HC Dismissed Challenge to His Arrest by ED(06.05.2024)
Former Chief Minister of Jharkhand, Hemant Soren has moved Supreme Court after the Jharkhand High Court dismissed the challenge to his arrest by the E.....
Tags : Hemant Soren, Supreme Court, Enforcement Directorate, Money Laundering
SC: Jharkhand CM Hemant Soren's Withdraws Petition Challenging His Arrest by ED(22.05.2024)
Former Chief Minister of Jharkhand Hemant Soren has withdrawn his plea challenging his arrest by the Enforcement Directorate (ED) in a money launderin.....
Tags : Supreme Court, Hemant Soren, Money Laundering
Circular regarding instructions on money changing activities by Reserve Bank of India(27.05.2024)
1. Attention is invited to FED Master Direction No.3/2015-16 dated January 01, 2016 (updated from time to time) on Money Changing Activities.
.....
Tags : Instructions, Money changing, Circular
Money Laundering Case: Jharkhand’s Former Chief Minister Heman Soren Granted Bail(28.06.2024)
Jharkhand High Court has granted bail to former Chief Minister Hemant Soren in a money laundering case that involves illegal possession of 8.36 acres .....
Tags : Jharkhand High Court, Hemant Soren, Money Laundering Case
Ker. HC: Authorities Cannot Proceed Against Assets Not Related to Money Laundering Under PMLA(02.07.2024)
Kerala High Court has held that the purpose of PMLA is to remove tainted money and also to initiate proceedings against proceeds of crime. Such a prov.....
Tags : Kerala High Court, PMLA, Tainted Money, Proceeds of Crime
Supreme Court: Bail Granted to Jharkhand Chief Minister Hemant Soren, Upheld(29.07.2024)
Supreme Court has dismissed plea filed by Enforcement Directorate challenging the Jharkhand High Court’s order granting bail to Jharkhand Chief Minist.....
Tags : Supreme Court, Hemant Soren, Money Laundering
SC: Once Special Court has Taken Cognizance of Complaint, ED Cannot Arrest Accused u/s 19 of PMLA(30.07.2024)
SC while granting bail to an accused in a complaint of money laundering filed by the ED, has observed that after the special court has taken cognizanc.....
Tags : Supreme Court, Money Laundering, Special Court
Money Laundering Case: Supreme Court Grants Bail to Vijay Nair after 23 Months Custody(03.09.2024)
The Supreme Court has granted bail to Vijay Nair, the former communications-in-charge of the Aam Aadmi Party, who was in custody for approximately 23 .....
Tags : Supreme Court, Aam Aadmi Party, Money Laundering Case, Delhi excise police, Vijay Nair
Kar HC: Rule 9(5) Has Mandatory Application if Auction Purchaser is Unable to Pay Sale Consideration(18.10.2024)
Kar. HC has held that Rule 9(5) of the Security Interest (Enforcement) Rules, 2002 providing for forfeiture of the earnest money has mandatory applica.....
Tags : Karnataka High Court, Earnest Money, Sale Consideration
SC: Beneficial Provision of Section 436A of CrPC Will Apply To Prosecution Under PMLA(21.10.2024)
SC while granting bail to an accused in a money laundering case, has relied on Vijay Madanlal Choudhary and Ors. vs. Union of India (MANU/SC/0924/2022.....
Tags : Supreme Court, Money Laundering, Section 436A
Delhi High Court Grants Bail to Vaibhav Jain and Ankush Jain in the PMLA Case(30.10.2024)
Delhi High Court has allowed bail application of Vaibhav Jain and Ankush Jain in the money laundering case involving AAP leader Satyendra Jain on the .....
Tags : Delhi High Court, Prevention of Money Laundering Act , Vaibhav Jain, Ankush Jain
NCLAT: Can’t Treat Share Application Money Deposited With Corporate Debtor as Financial Debt(28.11.2024)
NCLAT New Delhi bench has held that share application money which has been deposited with the corporate debtor cannot be treated as financial debt und.....
Tags : NCLAT, Share Application Money, Corporate Debt
Del. HC: Collection of Funds to Commit Offence in Future Not Money Laundering Under PMLA(05.12.2024)
Delhi High Court has stated that the proceeds of crime has to be generated as a result of criminal activity. The collection of funds in an illegal way.....
Tags : Delhi High Court, Money Laundering, Collection of Funds
Gau HC: Genuineness of Credit Recd by Assessee from Share Appli. Money is a Question of Fact Not Law(20.12.2024)
Gauhati High Court while refusing to entertain an appeal regarding the genuineness of credit received by an assessee from share application money, has.....
Tags : Gauhati High Court, Share Application Money, Court’s Jurisdiction
SC: Courts Can’t Grant Bail in Money Laundering Cases without Considering Conditions(14.02.2025)
Supreme Court while setting aside bail of an accused under the Prevention of Money Laundering Act, 2002, has observed that money laundering cases are .....
Tags : Supreme Court, Money Laundering, Section 45
SC Grants Bail in Money Laundering Case Citing Prolonged Incarceration(21.02.2025)
Supreme Court while hearing the plea of accused who had been in custody for 14 months in a money laundering case, has granted bail to him citing prolo.....
Tags : Supreme Court, Prolonged Incarceration, Money Laundering
SC: Act of Money Laundering Extends so Long as the Proceeds of Crime are Concealed(18.03.2025)
SC has observed that it is well established that offences under the PMLA, 2002 are of a continuing nature, and the act of money laundering does not co.....
Tags : Supreme Court, Money Laundering, Untainted Property
SC: Plaint May be Amended at Any Stage of Proceedings to Enable Plaintiff to Seek Alternative Relief(05.05.2025)
Supreme Court has observed that the plaint may be amended at any stage of the proceedings to enable the plaintiff to seek an alternative relief, inclu.....
Tags : Supreme Court, Alternative Relief, Earnest Money
SC: Clause for Forfeiture of Earnest Money is Not Penal in Ordinary Sense(05.05.2025)
Supreme Court has observed that a clause for the forfeiture of earnest money is not penal in the ordinary sense, rendering Section 74 of the Indian Co.....
Tags : Supreme Court, Earnest Money, Section 74
Madras High Court Upholds Regulations Imposing Night Ban on Online Real Money Games(04.06.2025)
Madras High Court has upheld regulations brought in by the Tamil Nadu Government imposing a night ban and mandating Aadhar-based KYC verification for .....
Tags : Madras High Court, Night Ban, Money Games
Himachal Pradesh High Court: Recovery of Money without Proof of Demand Is Not Bribery(17.09.2025)
Himachal Pradesh High Court upheld the acquittal of a Forest Officer accused of taking a Rs.3000 bribe, holding that mere recovery of tainted money do.....
Tags : Recovery of Money, Bribery, Gratification, Accused
Supreme Court Rejects Jacqueline Fernandez’s Plea to Quash Money Laundering Case(22.09.2025)
Supreme Court dismissed Bollywood actress Jacqueline Fernandez’s plea to quash a Rs. 200 crore money laundering case involving alleged conman Sukesh C.....
Tags : Jacqueline Fernandez, Money Laundering, Quashing
Delhi HC: PMLA Attachment Confirmation Doesn’t Authorize Property Retention without Valid Order(29.09.2025)
Delhi High Court observed that under Section 8(3) of the PMLA, confirmation of attachment of property involved in money laundering does not authorize .....
Tags : Property, Money Laundering, Retention
Supreme Court Rejects Senthil Balaji’s Plea Calling it ‘Misconceived’(06.10.2025)
Supreme Court rejected ex-Tamil Nadu Minister V Senthil Balaji's plea to remove remarks that led to his resignation. In April, a bench warned Balaji t.....
Tags : Bail, Money Laundering, Resignation
SC Quashes Money Laundering Case Against JSW Steel over Obulapuram Dealings(07.10.2025)
Supreme Court has quashed PMLA proceedings against JSW Steel Limited linked to alleged illegal mining by companies owned by ex-Karnataka minister G. J.....
Tags : Supreme Court, Money Laundering, JSW Steel
NCLAT: ED Cannot Keep Attached Assets After Resolution Plan Approval(16.10.2025)
NCLAT held that asset attachments by the Enforcement Directorate under Prevention of Money Laundering Act (PMLA) cease once a resolution plan is appro.....
Tags : Enforcement Directorate, Prevention of Money Laundering Act, Insolvency and Bankruptcy Code
NCLT Mumbai: Bank Cannot Retain OTS Earnest Money After Accepting a Resolution Plan(08.12.2025)
NCLT Mumbai held that once a bank receives full consideration under an approved resolution plan and issues a No-Dues Certificate, it cannot subsequent.....
Tags : Money, Resolution Plan, Corporate Debtor