Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
During CIRP, moratorium protection under the Insolvency Code preserves the corporate debtor's possession and status quo, preventing lease termination, re-entry and eviction that would recover property from the debtor. The High Court construed Section 14 broadly to cover statutory eviction proceedings as well as civil suits, and treated the explanation to Section 14(1) as clarificatory rather than an exception permitting breach-based action. It further held that any inconsistency between the Public Premises Act and the insolvency regime was resolved by Section 238 in favour of the Code. On that basis, the lease termination and eviction orders were quashed and the appeal was dismissed.
During CIRP, moratorium protection under the Insolvency Code preserves the corporate debtor's possession and status quo, preventing lease termination, re-entry and eviction that would recover property from the debtor. The High Court construed Section 14 broadly to cover statutory eviction proceedings as well as civil suits, and treated the explanation to Section 14(1) as clarificatory rather than an exception permitting breach-based action. It further held that any inconsistency between the Public Premises Act and the insolvency regime was resolved by Section 238 in favour of the Code. On that basis, the lease termination and eviction orders were quashed and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
