PMLA Prevails Over Income-tax Recovery Where Funds Are Alleged Proceeds of Crime: Delhi HC ACIT (Central Circle-13) v. State & Ors. CRL.M.C. 2198/2018 Facts: 1. A search under section 132 of the Income-tax Act resulted in seizure of ₹34.69 crore, later converted into FDRs. Subsequent block assessments raised tax demands exceeding ₹345 crore….
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