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...
Reverse burden under the 2002 Act applied once foundational facts showed the appellant's active connection with the entities and possession of loan and utilisation documents, so he had to displace the statutory presumption regarding proceeds of crime. The Tribunal held that he was not a mere nominal director and could not rely on liability principles from other statutes. It also required him to prove the lawful source of money in the frozen bank accounts under Section 8(1). His unsupported claim of income from a gym business and LIC commission failed, so retention of seized documents and devices, and continuance of the account freeze, were upheld.
Reverse burden under the 2002 Act applied once foundational facts showed the appellant's active connection with the entities and possession of loan and utilisation documents, so he had to displace the statutory presumption regarding proceeds of crime. The Tribunal held that he was not a mere nominal director and could not rely on liability principles from other statutes. It also required him to prove the lawful source of money in the frozen bank accounts under Section 8(1). His unsupported claim of income from a gym business and LIC commission failed, so retention of seized documents and devices, and continuance of the account freeze, were upheld.
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