Issues: Whether extraordinary writ jurisdiction could be exercised to quash an input-tax-credit adjudication order despite an available statutory appeal, on the asserted bar under Section 6(2)(b), variance from the show-cause notice, and denial of an effective hearing.

Analysis: Article 226 jurisdiction does not ordinarily substitute the statutory appellate process where the challenge requires examination of the adjudication record and disputed facts. The bar under Section 6(2)(b) depends upon identity of the precise subject matter, including the relevant tax period, transactions, invoices, ITC liability and allegations; a common supplier or general connection with ITC is insufficient. Whether the State and Central proceedings concerned identical liabilities required examination of their respective notices, orders and transaction-wise material. The impugned order disclosed an independent finding of ITC availment on goods-less invoices with reference to Section 16(2)(b), and therefore did not facially rest on a wholly new basis. The recorded grant of hearing opportunities, notwithstanding an apparent date discrepancy, and objections regarding evidence, limitation, clubbing of periods, replies and invocation of Section 74 required scrutiny of the underlying record in appeal.

Conclusion: An efficacious appellate remedy was required to be pursued because no ex facie lack of jurisdiction or undisputed breach of natural justice was established; all objections, including the applicability of Section 6(2)(b), remained open for appellate determination.

Issues: (i) Whether unfiled GST dues, interest and penalty for the pre-resolution-plan period were extinguished upon approval of the resolution plan, thereby barring later proceedings; and (ii) Whether the statutory appeal barred writ jurisdiction where the demands were initiated without jurisdiction.

Issue (i): Whether unfiled GST dues, interest and penalty for the pre-resolution-plan period were extinguished upon approval of the resolution plan, thereby barring later proceedings.

Analysis: Section 31(1) of the Insolvency and Bankruptcy Code, 2016 makes an approved resolution plan binding upon the Central Government and authorities owed statutory dues, while Section 238 gives the Code overriding effect. The GST liabilities concerned the period preceding approval of the resolution plan, and no claim was lodged during the corporate insolvency resolution process. The approved plan extinguished all pre-effective-date governmental claims, whether assessed or unassessed, unless specifically preserved. This accords with the clean-slate principle, under which a successful resolution applicant cannot be burdened with undisclosed or undecided pre-plan claims.

Analysis: The distinction between adjudication and recovery was inapplicable after extinguishment of the underlying claim. A show-cause notice and consequential demand proceedings under Section 73(9), including interest and penalty, amount to proceedings concerning that extinguished claim. Section 88 concerns liquidation and cannot revive a liability extinguished through an approved resolution plan; the general adjudicatory powers under the GST law remain subject to Sections 31(1) and 238 of the Insolvency and Bankruptcy Code, 2016.

Conclusion: In favour of the assessee, the pre-resolution-plan GST dues, interest and penalty stood extinguished, and no subsequent proceedings for their determination or recovery could be initiated or continued.

Issue (ii): Whether the statutory appeal barred writ jurisdiction where the demands were initiated without jurisdiction.

Analysis: Availability of an appeal under Section 107 of the Central Goods and Services Tax Act, 2017 does not bar writ jurisdiction where the challenged action is without jurisdiction and contrary to binding insolvency law. The relevant facts were undisputed and the challenge raised a pure legal question concerning the authority to initiate proceedings for an extinguished claim.

Conclusion: In favour of the assessee, writ jurisdiction was available notwithstanding the alternate statutory appeal.

Final Conclusion: An approved resolution plan conclusively extinguishes unfiled statutory claims relating to the pre-approval period and precludes subsequent tax-adjudication proceedings concerning those claims.

Ratio Decidendi: Statutory dues not lodged in the corporate insolvency resolution process and not preserved by an approved resolution plan are extinguished under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, and cannot thereafter be assessed, adjudicated or recovered notwithstanding general powers under fiscal legislation.

Issues: Whether the assessment order required reconsideration in light of the available GSTR 2A/2B data, GSTR 3B returns and annual return.

Analysis: The available portal records and annual return furnished prima facie evidence of input tax credit. Since the assessment was confirmed for non-production of return copies, fresh consideration was warranted after verification of the asserted recovery of 40% of the tax demand and after affording a reasonable opportunity.

Outcome: The impugned assessment order was set aside for fresh consideration, with consequential lifting of bank attachment upon verification of the asserted recovery.

Issues: Whether notional rental income under Section 23(1)(a) could be assessed in respect of unsold flats for the period before issuance of an occupancy certificate.

Analysis: A property lacking an occupancy certificate is legally incapable of occupation. Where the property was neither legally occupiable nor actually occupied during the relevant period, no annual letting value could be attributed on a notional basis under the head income from house property. The completion certificate did not establish legal occupiability in the absence of the occupancy certificate.

Conclusion: No notional rental income was chargeable for the period preceding issuance of the occupancy certificate.

Issues: (i) Whether an amendment effective 15.06.2026 applied to an imported consignment handed to the first carrier on 08.06.2026 under a combined transport Bill of Lading; and (ii) Whether the request for provisional release of the imported goods required consideration under Section 110A of the Customs Act, 1962.

Issue (i): Whether an amendment effective 15.06.2026 applied to an imported consignment handed to the first carrier on 08.06.2026 under a combined transport Bill of Lading.

Analysis: The relevant date was determined with reference to the handing over of the goods to the first carrier. The goods had been so handed over before the amendment came into force. Multimodal transport is recognised under Chapter 11 of the Foreign Trade Policy, 2023, and the later date on the shipment document did not alter the position. The amendment therefore operated prospectively and could not govern the consignment.

Conclusion: The amendment effective 15.06.2026 was inapplicable to the consignment and could not be a ground to refuse consideration of the release request, in favour of the assessee.

Issue (ii): Whether the request for provisional release of the imported goods required consideration under Section 110A of the Customs Act, 1962.

Analysis: Section 110A of the Customs Act, 1962 provides the statutory framework for provisional release. No distinguishing feature justified departure from the approach applicable to similar imported goods. The release request was required to be decided under that provision, with conditions permissible in law, while the merits of the adjudication proceedings remained independent.

Conclusion: The request for provisional release must be considered under Section 110A of the Customs Act, 1962 and, upon compliance with lawfully imposed conditions, the goods must be provisionally released, in favour of the assessee.

Final Conclusion: The provisional-release request must be addressed without applying the subsequent amendment, while the merits of the customs adjudication remain open for independent determination.

Ratio Decidendi: An amendment brought into force after goods are handed to the first carrier in a recognised multimodal shipment cannot be applied to that consignment.

Issues: Whether a corporate debtor, after approval of a resolution plan resulting in a change of management or control, is immune under Section 32A of the Insolvency and Bankruptcy Code, 2016 from prosecution for alleged offences committed before commencement of the corporate insolvency resolution process.

Analysis: Section 32A(1) of the Insolvency and Bankruptcy Code, 2016 ceases the corporate debtor's criminal liability for pre-CIRP offences and bars its prosecution once a resolution plan approved under Section 31 results in management or control passing to an unconnected new person. The approved resolution plan resulted in such a change of management and control, and the alleged environmental offences related to the period of the previous management. The statutory conditions for immunity were therefore satisfied.

Conclusion: The corporate debtor was entitled to statutory immunity from prosecution for the pre-CIRP offences. The criminal proceeding and cognizance order were quashed insofar as they concerned the petitioner-company, without any adjudication of the case against the remaining accused persons.

Issues: Whether an individual shareholder is an aggrieved person entitled to maintain an appeal against approval of a resolution plan.

Analysis: Section 61 of the Insolvency and Bankruptcy Code, 2016 confers appellate standing upon a person aggrieved by an order of the Adjudicating Authority. The binding interpretation of that expression excludes an individual shareholder from challenging approval of a resolution plan, since shareholders' interests are represented through the resolution professional or liquidator and permitting individual shareholder challenges would undermine the time-bound insolvency process. Allegations of fraud or collusion, unsupported by specific material, do not create an exception to this rule. Homebuyers who did not independently challenge the resolution plan cannot indirectly contest it by supporting the shareholder's appeal.

Conclusion: An individual shareholder is not an aggrieved person under Section 61 of the Insolvency and Bankruptcy Code, 2016 and cannot maintain an appeal against approval of a resolution plan.

Issues: Whether the addition for cash deposits was sustainable despite the assessee's claimed opening cash balance supported by prior bank withdrawals.

Analysis: The cash-flow statement and bank records demonstrated the availability of cash in hand from withdrawals made from various bank accounts, which was subsequently re-deposited. No defect in the cash-flow statement was identified. The addition rested solely on an inference based on perceived normal human behaviour and the preponderance of human probabilities, notwithstanding the documented source of cash.

Conclusion: The cash deposits stood explained by the available opening cash balance; the addition was deleted.

Issues: Whether a timeframe for deciding applications for cancellation of duplicate Permanent Account Numbers should be prescribed.

Analysis: The grievance concerned the absence of a prescribed period for disposal of duplicate PAN cancellation applications and the resulting difficulties in accessing PAN-linked services. Since no representation seeking prescription of such timeframe had first been made to the CBDT, the matter was considered appropriate for consideration by that authority.

Outcome: The petitioner was granted liberty to submit a representation to the CBDT within two weeks, and the CBDT was directed to decide it within eight weeks of receipt and communicate its decision.

Issues: Whether the Tribunal could reject appeals for want of territorial jurisdiction despite their administrative transfer to the Delhi Bench.

Analysis: Rule 4 of the Income-tax (Appellate Tribunal) Rules, 1963 and the situs of the assessees' business and Assessing Officer ordinarily connected the matters with Lucknow. However, the appeals had been transferred to the Delhi Bench by an administrative order of the President, and the appellate orders had been passed by the Delhi Commissioner (Appeals) pursuant to an order under Section 120 of the Income-tax Act, 1961. A Tribunal Bench cannot judicially nullify or disregard an administrative transfer order. The principle governing High Court jurisdiction under Section 260A of the Income-tax Act, 1961, following a transfer under Section 127, does not govern the place of hearing of appeals before the Tribunal after an administrative transfer.

Conclusion: The Tribunal's rejection of the appeals for lack of territorial jurisdiction was erroneous; the restored appeals shall be heard and decided on merits by the Delhi Bench.

Issues: (i) Whether gains from sale of shares and securities were taxable as capital gains or business income; (ii) Whether payments for purchases from a non-resident parent attracted withholding tax and disallowance under section 40(a)(i); and (iii) Whether an additional administrative-expense disallowance relating to exempt income could be made under Rule 8D(2)(iii) without recorded satisfaction.

Issue (i): Whether gains from sale of shares and securities were taxable as capital gains or business income.

Analysis: The factually identical prior rulings were followed. Consistent investment treatment, deployment of non-interest-bearing surplus funds, absence of trading activity, and the investment intention underlying the transactions supported capital-gains character; transaction volume alone did not convert the investments into business activity.

Conclusion: The gains are assessable as capital gains and not as business income, in favour of the assessee.

Issue (ii): Whether payments for purchases from a non-resident parent attracted withholding tax and disallowance under section 40(a)(i).

Analysis: Under section 195, withholding tax arises only where the non-resident payment is chargeable to tax in India. The payments were for imported materials supplied from outside India and had been accepted as international transactions without a transfer-pricing adjustment. The related chargeability and permanent-establishment aspects could not support a withholding disallowance on the purchase payments.

Conclusion: No tax was deductible at source on the purchase payments; consequently, no disallowance under section 40(a)(i) is permissible, in favour of the assessee.

Issue (iii): Whether an additional administrative-expense disallowance relating to exempt income could be made under Rule 8D(2)(iii) without recorded satisfaction.

Analysis: Section 14A(2) read with Rule 8D(1) requires recorded dissatisfaction, having regard to the accounts, with the correctness of the assessee's own expenditure disallowance before the Rule 8D formula may be applied. The assessment applied the formula without identifying expenditure relatable to exempt income or recording the requisite satisfaction despite the assessee's voluntary disallowance.

Conclusion: The additional administrative-expense disallowance under Rule 8D(2)(iii) is deleted, in favour of the assessee.

Final Conclusion: The recharacterisation adjustment, the withholding-tax purchase disallowance, and the incremental exempt-income expense disallowance do not survive.

Ratio Decidendi: A disallowance under Rule 8D(2) is permissible only after the assessing authority, upon examination of the accounts, records dissatisfaction with the assessee's computation as required by section 14A(2).

Issues: Whether referral commission, calculated as a percentage of sales made by the Indian group entity to referred customers, constituted fees for technical services under section 9(1)(vii) of the Income-tax Act, 1961 and Article 12(5)(b) of the India-Netherlands Tax Treaty.

Analysis: Article 12(5)(b) requires technical or consultancy services to make available technical knowledge, experience, skill, know-how or processes, or to involve development and transfer of a technical plan or design. The commission invoices, memoranda of understanding and sales reports established that the receipts were fixed-rate commission for referring potential customers, correlated to sales concluded by the Indian entity. No design, technical or consultancy service was provided, and no technology, knowledge, skill or know-how was transferred so as to enable the Indian entity to apply it independently in future.

Conclusion: The referral commission did not constitute fees for technical services under section 9(1)(vii) of the Income-tax Act, 1961 or Article 12(5)(b) of the India-Netherlands Tax Treaty; it was business income not taxable in India under Article 7 in the absence of a permanent establishment.

Issues: (i) Whether the writ petition was maintainable before the Delhi High Court despite objections as to territorial jurisdiction, alternative remedy and non-impleadment of the Kanpur office; (ii) Whether DEL orders based on pre-CIRP export-obligation defaults could continue after approval of the resolution plan.

Issue (i): Whether the writ petition was maintainable before the Delhi High Court despite objections as to territorial jurisdiction, alternative remedy and non-impleadment of the Kanpur office.

Analysis: A material part of the cause of action arose in Delhi because the competent headquarters there was seized of the representation and its inaction was challenged. The availability of an alternative remedy does not oust writ jurisdiction. The Kanpur office was also effectively represented through the counter-affidavit filed on behalf of the respondents.

Conclusion: The writ petition was maintainable before the Delhi High Court, and the preliminary objections failed.

Issue (ii): Whether DEL orders based on pre-CIRP export-obligation defaults could continue after approval of the resolution plan.

Analysis: Nine DEL orders were issued during the statutory moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, rendering adverse coercive action against the corporate debtor void ab initio. The government claim arising from the same export-obligation defaults was lodged as operational debt and was provided for at nil value in the resolution plan approved by the adjudicating authority. Under Section 31(1) of the Insolvency and Bankruptcy Code, 2016, the approved plan bound governmental authorities and extinguished pre-CIRP claims not preserved in it. Continuance of DEL status, being a coercive mechanism to enforce those extinguished pre-CIRP liabilities, was incompatible with the clean slate principle. Verification of the credentials of the new management and action for any independent fresh default remained permissible in accordance with law.

Conclusion: The DEL orders were invalid and could not be continued against the corporate debtor after approval of the resolution plan.

Final Conclusion: Pre-CIRP government dues and coercive restrictions founded on them stand extinguished by an approved resolution plan and cannot burden the corporate debtor under its new management, without prejudice to action for independent fresh defaults.

Ratio Decidendi: An approved resolution plan binds governmental creditors and extinguishes pre-CIRP claims; a coercive administrative restriction imposed to recover or enforce such extinguished liabilities cannot subsist thereafter.

Issues: Whether amounts received from foreign entities as actual costs, without markup, constituted reimbursable expenses rather than consideration for a taxable service under the reverse charge mechanism.

Analysis: The Tribunal accepted the invoices separating taxable and non-taxable charges, supporting transport and clearance documents, and chartered-accountant certification showing that air freight, ocean freight and pure-agent charges were recovered at actuals without markup. The allegation of markup lacked documentary support. It was also noted that no review ground challenged the finding on invocation of the extended period of limitation. Under the service-tax valuation framework, actual reimbursable expenses demonstrably recovered without markup were distinguishable from consideration for taxable services.

Conclusion: The amounts received from foreign entities were reimbursable expenses and were not liable to be treated as consideration for a taxable service under the reverse charge mechanism.

Issues: (i) Whether an encumbrance recorded in a sale notice and sale certificate may be removed from the encumbrance certificate without payment of the secured dues; (ii) Whether the statutory priority of secured creditors over government dues overrides the mandatory sale procedure governing known encumbrances; (iii) Whether the secured creditor became functus officio after issuance and registration of the sale certificate; (iv) Whether a departmental attachment recorded in the encumbrance certificate constitutes an encumbrance.

Issue (i): Whether an encumbrance recorded in a sale notice and sale certificate may be removed from the encumbrance certificate without payment of the secured dues.

Analysis: Rules 9(6) to 9(10) of the Security Interest (Enforcement) Rules, 2002 require disclosure of known encumbrances in the sale certificate. Rule 9(7) requires deposit of the amount necessary to discharge such encumbrances, and Rule 9(9) permits delivery free from known encumbrances only upon that deposit. A purchaser acquiring property with express notice of statutory encumbrances cannot obtain removal of the recorded entries without their discharge.

Conclusion: Removal of the recorded departmental encumbrance without payment of the disclosed statutory dues is impermissible. This issue is against the appellant bank and the auction purchaser.

Issue (ii): Whether the statutory priority of secured creditors over government dues overrides the mandatory sale procedure governing known encumbrances.

Analysis: Statutory priority under Section 26E of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Section 31B of the Recovery of Debts and Bankruptcy Act, 1993 enables secured creditors to realise secured debts in priority to government dues. That priority does not dispense with mandatory compliance with Rules 9(6) to 9(10) of the Security Interest (Enforcement) Rules, 2002, particularly the obligation to settle disclosed encumbrances before delivery of the property free from them.

Conclusion: Secured-creditor priority does not override the mandatory procedure for discharge of known encumbrances. This issue is against the appellant bank's claimed relief.

Issue (iii): Whether the secured creditor became functus officio after issuance and registration of the sale certificate.

Analysis: Issuance and registration of a sale certificate do not by themselves terminate the secured creditor's statutory rights where its entire debt remains unrecovered and recovery proceedings concerning the borrower continue.

Conclusion: The secured creditor had not become functus officio, and the objection to maintainability fails. This issue is in favour of the appellant bank.

Issue (iv): Whether a departmental attachment recorded in the encumbrance certificate constitutes an encumbrance.

Analysis: An attachment imposing a legal burden on property and restricting its transfer, further mortgage, or charge is an encumbrance. Its entry in the encumbrance certificate gives notice of the restriction, and its effect is consistent with the concept of a charge under Section 100 of the Transfer of Property Act, 1882.

Conclusion: The departmental attachment is an encumbrance that must be discharged in accordance with Rule 9(7). This issue is against the appellant bank and the auction purchaser.

Final Conclusion: A sale expressly made subject to known statutory encumbrances remains so burdened until the prescribed amounts are deposited and the encumbrances are discharged; statutory priority cannot be used to erase those recorded burdens without compliance with the mandatory sale rules.

Ratio Decidendi: A secured creditor's statutory priority over government dues does not dispense with mandatory compliance with Rules 9(6) to 9(10) of the Security Interest (Enforcement) Rules, 2002 for discharge of known encumbrances before delivery of property free from them.

Issues: Whether a notice issued under Section 153C for assessment year 2010-11 was within the applicable limitation period.

Analysis: The satisfaction note was recorded in assessment year 2024-25. Under Section 153A read with Section 153C, the extended ten-year period, applicable where escaped income exceeds Rs. 50 lakh, could extend only up to assessment year 2015-16 when computed backwards from assessment year 2024-25. Assessment year 2010-11 consequently fell outside the permissible period.

Conclusion: The notice for assessment year 2010-11 was time-barred and invalid.

Issues: (i) Whether the predicate allegations disclosed scheduled offences under the PMLA; (ii) Whether the attached properties could be retained as value equivalent to proceeds of crime notwithstanding claimed licit sources or pre-dating acquisition; (iii) Whether the confirmation order was non-speaking; (iv) Whether use of guideline or current market value invalidated the attachment; and (v) Whether valid reasons to believe existed for attachment and adjudication.

Issue (i): Whether the predicate allegations disclosed scheduled offences under the PMLA.

Analysis: The charge sheet included offences under the Indian Penal Code, 1860 and Sections 3 and 4 of the Explosive Substances Act, 1908. These offences fall within the relevant parts of the Schedule to the Prevention of Money Laundering Act, 2002. The fact that alleged mining-law violations were not themselves scheduled offences did not displace the scheduled offences disclosed in the predicate proceedings.

Conclusion: The predicate allegations disclosed scheduled offences and furnished a valid basis for proceedings under the PMLA.

Issue (ii): Whether the attached properties could be retained as value equivalent to proceeds of crime notwithstanding claimed licit sources or pre-dating acquisition.

Analysis: Section 24 of the Prevention of Money Laundering Act, 2002 placed the burden on the appellants to establish licit sources. The claimed granite-quarrying income, agricultural income, interest, cash holdings and real-estate income remained unsupported by reliable documentary material and were not substantiated by the income-tax returns produced. Independently, the attachment was of property representing the value equivalent of proceeds of crime under Section 2(1)(u). For such equivalent-value attachment, the independent source and the date of acquisition of the substitute properties were immaterial.

Conclusion: The attached properties were liable to attachment as value equivalent to proceeds of crime.

Issue (iii): Whether the confirmation order was non-speaking.

Analysis: The confirmation order addressed the rival material concerning the predicate offences, quarrying licences, claimed sources of income, absence of reliable evidence for the acquisitions, recorded reasons to believe, and the applicable standard for attachment. It contained findings responsive to the material objections raised.

Conclusion: The confirmation order was a speaking order and was not vitiated for want of application of mind.

Issue (iv): Whether use of guideline or current market value invalidated the attachment.

Analysis: Section 2(1)(zb) defines value with reference to the fair market value on the date of acquisition, or the date of possession where acquisition date cannot be determined. Guideline value or current market value was therefore not the proper statutory measure. However, the alleged proceeds of crime were quantified from the value of illegally extracted granite rather than from the valuation of the attached properties. The valuation error did not affect the legal basis for attachment, particularly where the attached assets represented only a fraction of the alleged proceeds.

Conclusion: The use of guideline or current values was erroneous but did not invalidate the attachment.

Issue (v): Whether valid reasons to believe existed for attachment and adjudication.

Analysis: The recorded reasons linked the scheduled offences and alleged proceeds of crime to the listed assets, and identified the risk of their transfer, disposal or encumbrance frustrating confiscation proceedings. The reported sale of certain attached properties reinforced the apprehension of alienation. Section 5(1) required material supporting a prima facie belief, not conclusive proof. A separate communication or recording of reasons was not required under Section 8(1) before the adjudicatory process was commenced.

Conclusion: The reasons to believe under Section 5(1) were legally sufficient, and no separate requirement under Section 8(1) was breached.

Final Conclusion: The statutory prerequisites for attachment of assets as value equivalent to alleged proceeds of crime were satisfied, and the confirmed attachment remains legally sustainable notwithstanding the valuation error.

Ratio Decidendi: Property equivalent in value to proceeds of crime may be attached under the PMLA irrespective of its independent source of acquisition or whether it was acquired before the predicate offence.

Issues: Whether CENVAT credit of service tax paid on Business Support Services received from a group company is admissible.

Analysis: Business Support Services comprising common corporate and operational support provided to group entities were taxable services, and the service tax charged through invoices had been paid and accepted by the revenue authorities. Allocation of the provider's expenses among group entities, without a separate profit element, did not alter the character or taxable value of the services. The services had a direct nexus with the recipient's manufacturing business. Where the service provider's tax assessment had not been revised, credit could not be denied by recharacterising the invoiced services at the recipient's end. Identical disputes for earlier and subsequent periods had also been decided consistently on this basis.

Conclusion: CENVAT credit of the service tax paid on the Business Support Services was admissible; its disallowance and the consequential demand and penalty were unsustainable, in favour of the assessee.

Issues: Whether sale outside the factory of electricity generated from bagasse attracts the 6% payment obligation under Rule 6(3) of the CENVAT Credit Rules, 2004.

Analysis: Bagasse is agricultural waste or residue and is not the outcome of manufacture. Rule 6 of the CENVAT Credit Rules, 2004 consequently does not apply to electricity generated from bagasse. The settled position consistently excludes electricity wheeled to a State electricity distribution authority from the requirement to pay 6% of its value.

Conclusion: No amount under Rule 6(3) of the CENVAT Credit Rules, 2004 is payable on electricity generated from bagasse and cleared outside the factory.