Captive power transfer pricing and non-resident export commission rules support deletion of adjustments and withholding disallowance in discussed proc...
Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Section 138 NI Act proceedings were described as quasi-criminal but predominantly criminal, with the offence lying in cheque dishonour and punishment operating mainly as deterrence rather than debt recovery. The compensatory component was treated separately, and moratorium under Part III of the IBC was held inapplicable to the criminal aspect but applicable to recovery of compensation in appropriate cases. For directors facing liability under Section 141, the use of "any debt" in Sections 96 and 101 of the IBC was read broadly to extend moratorium protection to compensatory obligations during personal insolvency. The text ends by noting that the controversy was not finally settled and was referred for authoritative consideration.
Section 138 NI Act proceedings were described as quasi-criminal but predominantly criminal, with the offence lying in cheque dishonour and punishment operating mainly as deterrence rather than debt recovery. The compensatory component was treated separately, and moratorium under Part III of the IBC was held inapplicable to the criminal aspect but applicable to recovery of compensation in appropriate cases. For directors facing liability under Section 141, the use of "any debt" in Sections 96 and 101 of the IBC was read broadly to extend moratorium protection to compensatory obligations during personal insolvency. The text ends by noting that the controversy was not finally settled and was referred for authoritative consideration.
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