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...
HC affirmed that proceedings under FERA are adjudicatory rather than criminal in nature. While the Appellate Tribunal for Foreign Exchange, acting as a quasi-judicial body, has authority to impose penalties for FERA violations, it lacks jurisdiction to pronounce parties "guilty" of offenses. Such determinations of guilt remain exclusively within the purview of competent courts. The tribunal's penalty against appellants was upheld, but the term "guilty" in the 02.06.2016 order was deemed redacted, as pronouncements of guilt carry significant legal implications that exceed the tribunal's administrative and adjudicatory scope.
HC affirmed that proceedings under FERA are adjudicatory rather than criminal in nature. While the Appellate Tribunal for Foreign Exchange, acting as a quasi-judicial body, has authority to impose penalties for FERA violations, it lacks jurisdiction to pronounce parties "guilty" of offenses. Such determinations of guilt remain exclusively within the purview of competent courts. The tribunal's penalty against appellants was upheld, but the term "guilty" in the 02.06.2016 order was deemed redacted, as pronouncements of guilt carry significant legal implications that exceed the tribunal's administrative and adjudicatory scope.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
