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...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
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Provisional attachment under PMLA can extend to any person found in possession of proceeds of crime, even if that person is not named in the FIR or charge-sheet for the scheduled offence. The Tribunal also found that the NBFC-fintech lending model involved outsourcing of core lending, onboarding, disbursement, recovery and monitoring functions to service providers in a manner inconsistent with the RBI outsourcing framework, while the apps imposed upfront charges and coercive recovery practices. On those facts, the profits were prima facie linked to cheating, extortion and unlawful recovery, so the confirmed attachment was upheld and the appeal dismissed.
Provisional attachment under PMLA can extend to any person found in possession of proceeds of crime, even if that person is not named in the FIR or charge-sheet for the scheduled offence. The Tribunal also found that the NBFC-fintech lending model involved outsourcing of core lending, onboarding, disbursement, recovery and monitoring functions to service providers in a manner inconsistent with the RBI outsourcing framework, while the apps imposed upfront charges and coercive recovery practices. On those facts, the profits were prima facie linked to cheating, extortion and unlawful recovery, so the confirmed attachment was upheld and the appeal dismissed.
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