Supreme Court · 2020 INSC 278 · Decided 5 March 2020
Suborno Bose v. Enforcement Directorate & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 278 · [2020] 4 S.C.R. 60
- Case number
- CIVIL APPEAL No. 6267/2020
- Decided
- 5 March 2020
- Bench
- A.M. KHANWILKAR, DINESH MAHESHWARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Foreign Exchange Management Act, 1999 - ss.10(6), 16(3), 46 & 47; Proviso to s.42(1) - Adjudicating authority held that the appellant-Managing Director of the Company and the Company had violated s.10(6) r/w ss.46, 47 and paragraphs A-10 and A-11 of the Foreign Exchange Manual 2003-04 - Appeal before Special Director (Appeals), FEMA & Commissioner of Income-Tax, Delhi was dismissed - Appeal before High Court - Dismissed - Held: s.10(6) is a deeming provision pointing towards specified circumstances, which
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