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...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Statements recorded under Customs Act, 1962 Section 108 were treated as sufficient to sustain confiscation where the appellant and vehicle drivers admitted that peas were brought from Nepal through unauthorised routes, and those statements were neither retracted nor discredited. The later claim of lawful import or local purchase was rejected because it was inconsistent and unsupported by purchase or payment records, so the confiscation of the seized peas was upheld. Penalty under Section 112(b), however, required a finding of mens rea; as no authority had recorded guilty knowledge or intention, the penalty was set aside despite the confiscation finding.
Statements recorded under Customs Act, 1962 Section 108 were treated as sufficient to sustain confiscation where the appellant and vehicle drivers admitted that peas were brought from Nepal through unauthorised routes, and those statements were neither retracted nor discredited. The later claim of lawful import or local purchase was rejected because it was inconsistent and unsupported by purchase or payment records, so the confiscation of the seized peas was upheld. Penalty under Section 112(b), however, required a finding of mens rea; as no authority had recorded guilty knowledge or intention, the penalty was set aside despite the confiscation finding.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
