Commodity derivatives position limits adopt revised breach penalties, broad commodity criteria, and client open-position limits based on deliverable s...
Effective hearing in GST adjudication requires actual opportunity to respond; ineffective service through a former auditor invalidated ex parte procee...
Page of 4918
Press 'Enter' after typing page number.
1561 to 1580 of 98352 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Freezing of a bank account under section 110(5) of the Customs Act may initially continue for six months and be extended once for a further six months only on recorded written reasons. Issuance of a show-cause notice does not preserve investigating authorities' power to continue the freeze beyond the statutory maximum of twelve months. As the maximum period had expired, the High Court found a prima facie basis for de-freezing and directed the bank to de-freeze the account forthwith.
Freezing of a bank account under section 110(5) of the Customs Act may initially continue for six months and be extended once for a further six months only on recorded written reasons. Issuance of a show-cause notice does not preserve investigating authorities' power to continue the freeze beyond the statutory maximum of twelve months. As the maximum period had expired, the High Court found a prima facie basis for de-freezing and directed the bank to de-freeze the account forthwith.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
