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Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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AI Drafter ✕ Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
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Issues: Whether the amount deposited by one sister concern could be appropriated towards the dues of another sister concern, and whether such appropriation was impermissible in the absence of any provision of law.
Analysis: The amount deposited with the department by Responsive Industries Ltd. was found to be in excess of its own dues. The excess amount was appropriated towards the dues of Axiom Cordages Ltd., which was treated as a sister concern. No legal provision was pointed out to show that such appropriation was prohibited.
Conclusion: The appropriation was upheld and the challenge to the impugned order failed.
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