Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Interest on refundable revenue deposits, including unspent Personal Ledger Account balances, is payable from the date of deposit where amounts were deposited during investigation before any duty liability was determined and therefore retained the character of revenue deposits. The majority view rejected the Revenue's challenge to interest from the deposit date and dismissed both appeals. The discussion distinguishes statutory and equitable interest and rejects blanket awards of 12% interest based solely on Sandvik, requiring consideration of relevant factors and later Supreme Court guidance. The majority treated the jurisdictional High Court ruling in Parle Agro as governing the entitlement to interest from the deposit date.
Interest on refundable revenue deposits, including unspent Personal Ledger Account balances, is payable from the date of deposit where amounts were deposited during investigation before any duty liability was determined and therefore retained the character of revenue deposits. The majority view rejected the Revenue's challenge to interest from the deposit date and dismissed both appeals. The discussion distinguishes statutory and equitable interest and rejects blanket awards of 12% interest based solely on Sandvik, requiring consideration of relevant factors and later Supreme Court guidance. The majority treated the jurisdictional High Court ruling in Parle Agro as governing the entitlement to interest from the deposit date.
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