{"id":2635,"date":"2025-09-29T01:40:45","date_gmt":"2025-09-29T01:40:45","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=2635"},"modified":"2025-09-29T01:40:46","modified_gmt":"2025-09-29T01:40:46","slug":"income-tax-hc-delhi-judgement-dated-18-09-2025-scam-proceeds-not-taxable-income-pmla-overrides-income-tax-act","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2025\/09\/29\/income-tax-hc-delhi-judgement-dated-18-09-2025-scam-proceeds-not-taxable-income-pmla-overrides-income-tax-act\/","title":{"rendered":"Income Tax, HC Delhi Judgement Dated 18\/09\/2025 &#8211; Scam Proceeds Not Taxable Income, PMLA overrides Income Tax Act\u00a0"},"content":{"rendered":"\n<p><em>Case of ACIT vs State, HC Delhi Judgement Dated 18<sup>th<\/sup>\u00a0September 2025.\u00a0<\/em>HC held that money defrauded from investors does not constitute taxable income of a company or its directors but amounts to proceeds of crime under the Prevention of Money Laundering Act. The Court dismissed a petition by the Assistant Commissioner of Income Tax seeking release of fixed deposit receipts to recover tax dues, finding that such amounts cannot be appropriated as revenue before completion of the PMLA trial.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/drive.google.com\/file\/d\/1HQ-MT-wltDnZFSi8i3c6ekQtiEneZsr_\/view?usp=sharing\"><em>(Link: HC Delhi Judgement Dated 18\/09\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Case of ACIT vs State, HC Delhi Judgement Dated 18th\u00a0September 2025.\u00a0HC held that money defrauded from investors does not constitute [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[8,15],"tags":[],"class_list":["post-2635","post","type-post","status-publish","format-standard","hentry","category-income-tax","category-judiciary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Tax, HC Delhi Judgement Dated 18\/09\/2025 - Scam Proceeds Not Taxable Income, PMLA overrides Income Tax Act\u00a0 - Bhatia Bhola &amp; 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