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...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Page of 4826
Press 'Enter' after typing page number.
1 to 20 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT held that the Revenue failed to prove beyond reasonable doubt that the intercepted Indian currency was intended for illegal export, noting the interception occurred about 3 km from the Bangladesh border and that the benefit of doubt accrues to the appellant. Consequently, the Tribunal set aside the order of absolute confiscation and the imposition of penalty under s.114 of the Customs Act, 1962, and directed the release of Rs.1,500,000 deposited with a bank, which had been seized from an intercepted person but purportedly belonging to the appellant. The appeal was allowed and the impugned order quashed.
CESTAT held that the Revenue failed to prove beyond reasonable doubt that the intercepted Indian currency was intended for illegal export, noting the interception occurred about 3 km from the Bangladesh border and that the benefit of doubt accrues to the appellant. Consequently, the Tribunal set aside the order of absolute confiscation and the imposition of penalty under s.114 of the Customs Act, 1962, and directed the release of Rs.1,500,000 deposited with a bank, which had been seized from an intercepted person but purportedly belonging to the appellant. The appeal was allowed and the impugned order quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
