Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Admissibility of statements recorded under the Customs Act in FEMA proceedings was upheld where those statements were corroborated by independent evidence; retracted confessional statements may be relied upon if supported by corroboration and not shown to be involuntary, and the tribunal accepted prior Supreme Court principles on this point. Digital and physical evidence recovered and examined by GEQD, Hyderabad, including transaction records and slip pads, corroborated payments routed through intermediaries and non-banking channels, supporting findings of contravention of FEMA. Penalties against the principal respondents for contravening FEMA provisions were sustained, while penalties imposed on nominal partners were set aside.
Admissibility of statements recorded under the Customs Act in FEMA proceedings was upheld where those statements were corroborated by independent evidence; retracted confessional statements may be relied upon if supported by corroboration and not shown to be involuntary, and the tribunal accepted prior Supreme Court principles on this point. Digital and physical evidence recovered and examined by GEQD, Hyderabad, including transaction records and slip pads, corroborated payments routed through intermediaries and non-banking channels, supporting findings of contravention of FEMA. Penalties against the principal respondents for contravening FEMA provisions were sustained, while penalties imposed on nominal partners were set aside.
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