PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Appellate Tribunal set aside penalties imposed on licensed money exchanger for alleged illegal export of currency and import of gold. Observed no evidence of illegal exports/imports or violation of Customs Act. Held exchanging currency without invoice, though violating license conditions, cannot be termed illegal export/import. Penalties wrongly imposed under Customs Act Sections 114, 114AA, 117 and FEMA Act Section 13 without mentioning reasons. Appeal allowed.
Appellate Tribunal set aside penalties imposed on licensed money exchanger for alleged illegal export of currency and import of gold. Observed no evidence of illegal exports/imports or violation of Customs Act. Held exchanging currency without invoice, though violating license conditions, cannot be termed illegal export/import. Penalties wrongly imposed under Customs Act Sections 114, 114AA, 117 and FEMA Act Section 13 without mentioning reasons. Appeal allowed.
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