Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Charitable tree plantation and maintenance for environmental preservation treated as "charitable activity", exempt from GST under Notification 12/2017...
Prohibition on entering foreign exchange derivative contracts without prior regulatory permission is affirmed: respondent conceded online trading in prohibited derivatives and the transactions constituted contraventions of applicable derivative regulations and direction instruments, establishing liability. The opinion applies the principle that civil penalties for regulatory contraventions do not require mens rea, following precedent treating such breaches as civil obligations; penalty under the statutory scheme is therefore attractable once contravention is proved. The commentary notes mitigation: the adjudicator reduced the quantified penalty and ordered adjustment of the pre-deposit against the reduced amount.
Prohibition on entering foreign exchange derivative contracts without prior regulatory permission is affirmed: respondent conceded online trading in prohibited derivatives and the transactions constituted contraventions of applicable derivative regulations and direction instruments, establishing liability. The opinion applies the principle that civil penalties for regulatory contraventions do not require mens rea, following precedent treating such breaches as civil obligations; penalty under the statutory scheme is therefore attractable once contravention is proved. The commentary notes mitigation: the adjudicator reduced the quantified penalty and ordered adjustment of the pre-deposit against the reduced amount.
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