Three CBI Courts designated as Special Courts under PMLA in West Bengal

Three CBI Courts designated as Special Courts under PMLA in the State of West Bengal

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION

New Delhi, the 1st July, 2024

S.O. 2515(E).—In exercise of powers conferred by sub-section (1) of section 43 of the Prevention of Money Laundering Act, 2002 (15 of 2003) and in consultation with the Chief Justice of High Court of Judicature at Calcutta, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 372(E), dated the 5th February, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (ii), namely:-

In the said notification, in the Table, against serial number 29 relating to the State of West Bengal, after the existing entries in Columns (3) and (4), the following entries shall be inserted, namely:-

[F. No. C-18015/3/2013-Ad.ED (Part-I)]

RAJEEV LOCHAN, Under Secy

Note: The principal Notification was published in the Gazette of India, Extraordinary, Part II, Section 3,
sub-section (ii) vide number S.O. 372(E), dated the 5th February, 2016.

• Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information
• Mutual Funds to value physical Gold and Silver by using the polled spot prices
• SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor
• Merely because sales were declared for only one month, same cannot be treated as bogus
• ITAT deleted addition as method of accounting had been accepted in earlier years