The Jammu & Kashmir and Ladakh High Court held that once an Income Tax Return is produced to prove income, courts need not examine its source absent rebuttal evidence, as statutory ITR filings carry evidentiary value unless shown to be false or unreliable.
The Delhi High Court issued a stay against a ruling that required the Enforcement Directorate (ED) to return seized property if an investigation under the Prevention of Money Laundering Act exceeds 365 days without resulting in a prosecution complaint. The Division Bench granted the stay while the appeal is pending until the next hearing on March 11.
