Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Section 73(4B)(b) requires service-tax adjudication, where possible, within one year when the extended period is invoked. The qualification permits only a reasonable and legally justifiable departure, not an unrestricted power to keep a show-cause notice pending for an inordinate period. Where the notice material enabled adjudication and no adequate explanation existed, representations or claimed adjournments could not justify prolonged delay. Unexplained delay rendered the adjudication arbitrary, contrary to Section 73(4B)(b) and Article 14, leading to quashing of the service-tax order. Availability of a statutory appeal did not bar writ jurisdiction because the challenge raised a legal question and involved arbitrary adjudication.
Section 73(4B)(b) requires service-tax adjudication, where possible, within one year when the extended period is invoked. The qualification permits only a reasonable and legally justifiable departure, not an unrestricted power to keep a show-cause notice pending for an inordinate period. Where the notice material enabled adjudication and no adequate explanation existed, representations or claimed adjournments could not justify prolonged delay. Unexplained delay rendered the adjudication arbitrary, contrary to Section 73(4B)(b) and Article 14, leading to quashing of the service-tax order. Availability of a statutory appeal did not bar writ jurisdiction because the challenge raised a legal question and involved arbitrary adjudication.
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TaxTMI 
TaxTMI 
of 4891 
