Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Disallowance under tax law for investment expenses cannot be applied mechanically; authority must record clear reasons before increasing assessee's su...
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Gold and gold jewellery seized pending adjudication may be provisionally released under Section 110A where the goods are not prohibited for import and redemption would remain available under Section 125 even on confiscation. Mere allegations in a show cause notice or investigation record are not, by themselves, enough to refuse release. On the facts, the stock register supported licit procurement and possession, so the balance of convenience favoured release. The Tribunal allowed provisional release subject to execution of a bond for the full value of the goods and a bank guarantee for 50% of the gold value with an auto-renewal clause, with release to follow within the stipulated time.
Gold and gold jewellery seized pending adjudication may be provisionally released under Section 110A where the goods are not prohibited for import and redemption would remain available under Section 125 even on confiscation. Mere allegations in a show cause notice or investigation record are not, by themselves, enough to refuse release. On the facts, the stock register supported licit procurement and possession, so the balance of convenience favoured release. The Tribunal allowed provisional release subject to execution of a bond for the full value of the goods and a bank guarantee for 50% of the gold value with an auto-renewal clause, with release to follow within the stipulated time.
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