Friday, 23 May 2014

HC upheld involvement of firm as well as its partners in Hawala transactions and in unauthorized dea

FERA : Where SD had thoroughly analysed seized documents and other evidence on record to brought out a fact that partnership firm along with its partner were involved in hawala transactions and that all transactions took place with knowledge and participation of its partners, there was no error committed by SD in proceeding to hold partnership firm and its partners guilty of contravention of sections 9(1)(b)(d) and (f) read with section 68


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