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...
AT dismissed the appeal challenging enhancement of penalty under section 19(1), holding that the respondents were not the masterminds behind outward remittances and fabricated import documentation alleged to contravene section 3(b) and section 10(6) of FEMA read with Reg. 6(1) of the 2000 Regulations. The Tribunal accepted respondents' plea that remittances were effected at the instance of unidentified third parties who used respondents' bank accounts and that the enforcement agency failed to apprehend or effectively investigate those alleged principal wrongdoers. Given this, enhancement of penalty was unjustified. The appeal is dismissed as devoid of merit, without prejudice to the merits of respondents' pending cross-appeals.
AT dismissed the appeal challenging enhancement of penalty under section 19(1), holding that the respondents were not the masterminds behind outward remittances and fabricated import documentation alleged to contravene section 3(b) and section 10(6) of FEMA read with Reg. 6(1) of the 2000 Regulations. The Tribunal accepted respondents' plea that remittances were effected at the instance of unidentified third parties who used respondents' bank accounts and that the enforcement agency failed to apprehend or effectively investigate those alleged principal wrongdoers. Given this, enhancement of penalty was unjustified. The appeal is dismissed as devoid of merit, without prejudice to the merits of respondents' pending cross-appeals.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
