Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
FEMA - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Violation of FEMA - Imposition of Penalty - Definition of Person ...


BCCI and IPL Governing Council Classified as "Persons" Under FEMA, Face Penalties for Violations.

August 16, 2013

Case Laws     FEMA     HC

Violation of FEMA - Imposition of Penalty - Definition of Person u/s 2(u) - BCCI as well as Governing Council for IPL were persons within the definition of Section 2(u) of the Act - HC

View Source

 


 

You may also like:

  1. Levy of penalty - Offence under FEMA - bidding process for the IPL franchise organised by the BCCI - We are in agreement with the finding of the Tribunal that in the...

  2. Prohibited activities for investment by a person resident outside India - FDI - FEMA - New Regulations

  3. Investment in Depository receipts by a person resident outside India - FEMA - New Regulations

  4. Investment by a person resident outside India in an Investment Vehicle - FEMA - New Regulations

  5. Franchise service or Business Support services - demand of service tax on Central Rights Income - Revenue Sharing - BCCI is not commercial organization and only...

  6. Assessment u/s 153C - Now supposing a search is conducted in one year and documents of other person are handed over to the Assessing Officer, of other person or to the...

  7. The High Court quashed penalty u/s E-Way Bill violation, classifying goods as ODC due to speed without intent to evade tax. Relying on precedent, mens rea is essential...

  8. Levy of penalties u/ss 122 and 129 of CGST/SGST Acts - expiry of e-way bill - mens rea in penalty imposition. Technically, violation of law by petitioner in transporting...

  9. Violation of Section 3(a), FEMA - onus to prove - It is settled legal principle that onus of proof, in both civil and criminal law, is on the person who wishes to prove...

  10. Petition dismissed. HC held BCCI is not a 'State' under Article 12 of Constitution. No writ can be issued against BCCI to indemnify petitioner for Rs.10.65 crore penalty...

  11. The court examined whether the receipts from services rendered by IMG to BCCI for IPL were taxable as Fees for Technical Services (FTS) under Article 13 of the India-UK...

  12. Violation of provisions of Section 10(6) of the FEMA Act - Responsibility of Authorised person - Considering the fact that the appellant admittedly became aware of the...

  13. Service Tax on Profit sharing agreement - Demand of Service tax on account of business support services provided to BCCI-IPL – prima facie demand is not maintainable - AT

  14. The AT set aside penalties of Rs.4,00,000/- and Rs.6,00,000/- imposed on the appellant under FEMA. Despite allegations that the appellant assisted in preparing forged...

  15. Infrastructure and supporting services u/s 65 (105) (zzzq) r.w. 65 (104c) – As BCCI had been paying said amounts even prior to advent of IPL and had been also making...

 

Quick Updates:Latest Updates