Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Issue concerns denial of exemption under charitable-trust law for part of salary paid to a specified officer on grounds of excessiveness; the legal point applied is assessment of reasonableness of remuneration by reference to role, responsibilities and relevant experience. The increase in salary was held to correspond to expanded duties and proven industry experience, and was approved by the entity's managing committee; as a result the challenged disallowance was not sustained and the payment was treated as reasonable for exemption purposes.
Issue concerns denial of exemption under charitable-trust law for part of salary paid to a specified officer on grounds of excessiveness; the legal point applied is assessment of reasonableness of remuneration by reference to role, responsibilities and relevant experience. The increase in salary was held to correspond to expanded duties and proven industry experience, and was approved by the entity's managing committee; as a result the challenged disallowance was not sustained and the payment was treated as reasonable for exemption purposes.
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