Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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Registered security interest under SARFAESI was treated as giving the secured creditor priority over State tax dues, and the State could not displace that priority by relying on a first-charge claim under MVAT. For pre-Central-law cases, a mere attachment order was insufficient; the State had to show compliance with the Maharashtra Land Revenue Code recovery procedure, including due proclamation, which was not demonstrated here. The State also had not registered its charge with CERSAI, and the amendment-based challenge to section 37 of MVAT was rejected. The attachment and encumbrance were quashed, and the sale certificate was to be registered free of encumbrance.
Registered security interest under SARFAESI was treated as giving the secured creditor priority over State tax dues, and the State could not displace that priority by relying on a first-charge claim under MVAT. For pre-Central-law cases, a mere attachment order was insufficient; the State had to show compliance with the Maharashtra Land Revenue Code recovery procedure, including due proclamation, which was not demonstrated here. The State also had not registered its charge with CERSAI, and the amendment-based challenge to section 37 of MVAT was rejected. The attachment and encumbrance were quashed, and the sale certificate was to be registered free of encumbrance.
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