Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Prompt credit of refunds under the Direct Tax Vivad Se Vishwas Scheme is emphasised despite the Scheme's exclusion of statutory refund interest. The notes state that excluding interest under section 244A does not justify revenue officials retaining a refund determined through Form No. 4 for months. They identify claimed non-availability of a processing module and competing statutory work as inadequate explanations for recurring delays, and record directions to verify system constraints and ensure timely refund processing. The writ petition remained pending while additional time was granted to report on credit of the processed refund.
Prompt credit of refunds under the Direct Tax Vivad Se Vishwas Scheme is emphasised despite the Scheme's exclusion of statutory refund interest. The notes state that excluding interest under section 244A does not justify revenue officials retaining a refund determined through Form No. 4 for months. They identify claimed non-availability of a processing module and competing statutory work as inadequate explanations for recurring delays, and record directions to verify system constraints and ensure timely refund processing. The writ petition remained pending while additional time was granted to report on credit of the processed refund.
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