When an arrestee is forwarded to the jurisdictional Magistrate u/s 19(3) of PMLA, no writ of Habeas Corpus would lie. Any plea of illegal arrest is to be made before such Magistrate since custody becomes judicial.
V. Senthilal Balaji v. State represented by Dy. Director – [2023] 153 taxmann.com 224 (SC).
Sec. 17 of Prevention of Money Laundering Act – Where an order to freeze bank accounts of petitioners u/s 17(1A) had not been passed, action of ED in directing bank, not to entertain debit transactions from bank account of petitioners was not legally sustainable.
C. Gopal Reddy and Co. v. Directorate of Enforcement – [2023] 152 taxmann.com 359 (Andhra Pradesh).
No proposal to curb retail participation in derivative market – SEBI Clarifies.
Press Release no. 14/2023, dated 29-7-2023.
ICAI issues Exposure Draft of International Tax Reform – Pillar Two Model Rules – Amendments to Ind AS 12 (Income Taxes) and Ind AS 22 (Accounting for Taxes on Income).
ICAI unveils Exposure Draft on amendments to Ind AS 7 and Ind AS 107, on ‘Supplier Finance Arrangements’.
Govt. announces an interest rate of 8.15% on Employee’s Provident Fund for the FY 2022-23.
Notification No. INV-11/2/2021-INV, dated 24-7-2023.