https://www.taxtmi.com/caselaws?id=371965 The Court upheld the Tribunal's decision, ruling in favor of the assessee. It emphasized that the assessee, as a bona fide purchaser without notice and not party to the fraud, cannot be held liable for the fraudulent acquisition of DEPB licenses. The Court referenced previous High Court and Supreme Court rulings supporting the rights of bona fide purchasers in cases involving fraud. The appeal was dismissed, with no question of law arising, and no evidence implicating the assessee in the fraud, leading to the judgment in favor of the assessee. en-us Wed, 05 Dec 2018 00:00:00 +0530 Sat, 15 Dec 2018 09:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371965 The Court upheld the Tribunal's decision, ruling in favor of the assessee. It emphasized that the assessee, as a bona fide purchaser without notice and not party to the fraud, cannot be held liable for the fraudulent acquisition of DEPB licenses. The Court referenced previous High Court and Supreme Court rulings supporting the rights of bona fide purchasers in cases involving fraud. The appeal was dismissed, with no question of law arising, and no evidence implicating the assessee in the fraud, leading to the judgment in favor of the assessee. Case-Laws Customs Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371965