Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, a declaration lapsed when the declarant failed to pay the amount in Form SVLDRS-3 within the prescribed 30 days; the Tribunal applied the plain meaning of the Scheme and held that no equitable or purposive relief could override the statutory time limit. The belated payment made after the extended last date did not preserve the amnesty benefit, so the service tax demand and interest were sustained. Penalty was, however, set aside because the delay occurred during the COVID period and there was no finding of mala fide intent.
Under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, a declaration lapsed when the declarant failed to pay the amount in Form SVLDRS-3 within the prescribed 30 days; the Tribunal applied the plain meaning of the Scheme and held that no equitable or purposive relief could override the statutory time limit. The belated payment made after the extended last date did not preserve the amnesty benefit, so the service tax demand and interest were sustained. Penalty was, however, set aside because the delay occurred during the COVID period and there was no finding of mala fide intent.
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