India News: ED on Wednesday froze demat accounts containing shares worth Rs 100 crore in a money laundering case related to Mahadev gaming app and seized around Rs 2 crore in cash in raids at 17 premises. The raids were carried out in Mumbai, Delhi and Kolkata, and in Chhattisgarh and MP.
The Delhi High Court has held that the seized cash was offered by the assessee, under the regime that was prevailing then, to be treated as the advance tax, and thus there was no default in payment of.
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