Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...
Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...
Companies in liquidation must file annual or final accounts even where audited half-yearly accounts for both halves of the financial year have been filed. Half-yearly accounts must be merged into annual accounts because annual reporting is necessary to accurately disclose the companies' financial position. Exemption from filing annual or final accounts for the relevant financial year was therefore refused. The half-yearly accounts were accepted on record, and auditors' fees could be paid from available company funds or, subject to reimbursement, from the Estate and Establishment Fund.
Companies in liquidation must file annual or final accounts even where audited half-yearly accounts for both halves of the financial year have been filed. Half-yearly accounts must be merged into annual accounts because annual reporting is necessary to accurately disclose the companies' financial position. Exemption from filing annual or final accounts for the relevant financial year was therefore refused. The half-yearly accounts were accepted on record, and auditors' fees could be paid from available company funds or, subject to reimbursement, from the Estate and Establishment Fund.
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