Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Page of 4811
Press 'Enter' after typing page number.
5661 to 5680 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
Section 20 of the Prevention of Money-Laundering Act does not cause a freezing order to lapse automatically after 180 days where the Adjudicating Authority has authorised retention or continuation within that period. On the facts, the retention order had been passed in time, so the challenge based on the outer-limit argument failed. The Tribunal also found prima facie material, including the appellant's own statement, showing involvement in facilitating false inspection reports, verification of bank guarantees and processing connected proposals, and noted the failure to disclose the source of the funds in the frozen accounts. The challenge to continued retention was rejected and the appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
