Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
Benami transactions include transfers where the consideration provider is fictitious or untraceable; inability to identify the beneficial owner does not warrant discharge. Issue one: whether partners are vicariously liable managing partner signed accounts and controlled firm affairs, establishing prima facie knowledge and consent, therefore discharge was rightly refused. Issue two: whether a dormant partner can be held vicariously liable complaint lacked specific averments showing she was in charge or responsible as required by the statutory twin requirements, so the order against her is set aside, subject to reopening if cogent material is later produced.
Benami transactions include transfers where the consideration provider is fictitious or untraceable; inability to identify the beneficial owner does not warrant discharge. Issue one: whether partners are vicariously liable managing partner signed accounts and controlled firm affairs, establishing prima facie knowledge and consent, therefore discharge was rightly refused. Issue two: whether a dormant partner can be held vicariously liable complaint lacked specific averments showing she was in charge or responsible as required by the statutory twin requirements, so the order against her is set aside, subject to reopening if cogent material is later produced.
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