Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Order u/s 19(1) of FEMA imposing penalty for contravention of Section 42(1) challenged. Transactions carried out in violation of FEMA provisions. Liability of person in-charge and responsible for company's conduct of business. Deeming clause holds in-charge liable, with proviso excluding those without knowledge and exercising due diligence. Appellant claimed not being in-charge of compliances, with safeguards and policy in place. Adjudicating Authority silent on Appellant's role and plea. Appellant proved contravention without knowledge and due diligence exercised. Impugned order set aside by Appellate Tribunal in favor of Appellant.
Order u/s 19(1) of FEMA imposing penalty for contravention of Section 42(1) challenged. Transactions carried out in violation of FEMA provisions. Liability of person in-charge and responsible for company's conduct of business. Deeming clause holds in-charge liable, with proviso excluding those without knowledge and exercising due diligence. Appellant claimed not being in-charge of compliances, with safeguards and policy in place. Adjudicating Authority silent on Appellant's role and plea. Appellant proved contravention without knowledge and due diligence exercised. Impugned order set aside by Appellate Tribunal in favor of Appellant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
