Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Issue concerns smuggling allegations of gold, applicability of statutory specified area designation, and the burden of proof on revenue to establish foreign origin. The tribunal found absence of foreign markings, recovery outside customs or specified areas, and documentary records of lawful possession including tax returns and auditor certificate, which were not impugned by the revenue; on that evidentiary basis the revenue failed to produce positive evidence of foreign origin. The analysis addressed provisional release, seizure and confiscation of conveyance and accessories, and comparative purity as factual indicators of origin.
Issue concerns smuggling allegations of gold, applicability of statutory specified area designation, and the burden of proof on revenue to establish foreign origin. The tribunal found absence of foreign markings, recovery outside customs or specified areas, and documentary records of lawful possession including tax returns and auditor certificate, which were not impugned by the revenue; on that evidentiary basis the revenue failed to produce positive evidence of foreign origin. The analysis addressed provisional release, seizure and confiscation of conveyance and accessories, and comparative purity as factual indicators of origin.
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