Bank, Chowpathy
and HDFC Bank, Grant Road , Mumbai were used to launder money through
these accommodation bills. On being asked by the AO, the assessee ... same time, by holding as under :
"99. Unearthing black money or checking money laundering is to be achieved
to whatever extent possible. Various measures
Champalal S. Shah, Mumbai vs Ito 16(2)(3), Mumbai on 3 October, 2017
आयकर
overriding effect on the
provisions of the ' Prevention of Money Laundering Act, 2002 '. Reference
was made to Section ... Enforcement, in view of the provisions of
' Prevention of Money Laundering Act, 2002 ' including Section 2(1)(u) and
Company Appeal (AT) (Insolvency
jurisdiction to go into the matters governed under the Prevention of Money
Laundering Act, 2001 (PMLA) and, therefore, Section 14 , having
consequent upon an order ... investigation and criminal action vis-a-vis the offence of money-
laundering.....
(vi)The objective of PMLA being distinct from the purpose of
RDBA,SARFAESI
M/S. Max Movers Pvt. Ltd., , Kolkata vs Dcit, Central Circle - 4(3),, Kolkata on
more than one place the assessing officer used the expression "money laundering." We find such
usage to be uncalled for as the allegations ... money laundering is a very serious allegations and the
effect of a case of money laundering under the relevant Act is markedly different. Therefore
Financial Intellegence Unit
(FIU), established under the Prevention of Money Laundering Act, 2002 (PMLA),
the Board issued show cause notice dated July 2, 2010 giving ... issued by the Board to all the intermediaries prescribing
guidelines of money laundering standards and obligations of intermediaries in
terms of rules notified thereunder. While
commission of offence under Section 3 of 'Prevention of 'Money Laundering
2
Act, 2002' punishable under Section 4 of the said ... Money Laundering Act,
2002 ' it found that accused persons having misappropriated/ diverted bank
funds, committed criminal breach of trust and laundered the money
therefore it was being used by money
launderers to give donations which is basically accommodation entries.
Question No.22 and 23 and answer to those ... evident that by accepting bogus donation
then returning the money you have indulged in money laundering which is
illegal, not genuine
therefore it was being used by money
launderers to give donations which is basically accommodation entries.
Question No.22 and 23 and answer to those ... evident that by accepting bogus donation
then returning the money you have indulged in money laundering which is
illegal, not genuine
