Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Where refund of unutilised input tax credit is rejected because the credit is alleged to be ineligible, the circular permits notice and recovery proceedings under the GST recovery provisions; clause 22 applies only when refund is refused for reasons other than ineligibility, so the objection based on that clause failed. The challenge to the circular was therefore rejected, while the question whether the correct recovery route was one provision or another was left open. Because the statutory second appeal had not been taken on file due to a portal glitch and the required amount had been deposited, the impugned order was kept in abeyance until disposal of the appeal, with liberty to raise all available grounds if the appeal failed.
Where refund of unutilised input tax credit is rejected because the credit is alleged to be ineligible, the circular permits notice and recovery proceedings under the GST recovery provisions; clause 22 applies only when refund is refused for reasons other than ineligibility, so the objection based on that clause failed. The challenge to the circular was therefore rejected, while the question whether the correct recovery route was one provision or another was left open. Because the statutory second appeal had not been taken on file due to a portal glitch and the required amount had been deposited, the impugned order was kept in abeyance until disposal of the appeal, with liberty to raise all available grounds if the appeal failed.
Note: It is a system-generated summary and is for quick reference only.
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