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...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
PMLA adjudication permits a single-member Adjudicating Authority constituted by its Chairperson to include a non-judicial member, because attachment scrutiny does not transfer High Court functions and appellate review remains available. Provisional attachment requires recorded reasons to believe that non-attachment may frustrate proceedings; factual challenges to that satisfaction lie through the statutory appellate process. The Adjudicating Authority must independently record reasons to believe that a person possesses proceeds of crime before issuing notice. Properties acquired before the scheduled offence may also be attached in proceeds-of-crime proceedings. Challenges to the single-member order, attachment reasons, independent satisfaction and pre-offence property attachment were rejected in writ jurisdiction.
PMLA adjudication permits a single-member Adjudicating Authority constituted by its Chairperson to include a non-judicial member, because attachment scrutiny does not transfer High Court functions and appellate review remains available. Provisional attachment requires recorded reasons to believe that non-attachment may frustrate proceedings; factual challenges to that satisfaction lie through the statutory appellate process. The Adjudicating Authority must independently record reasons to believe that a person possesses proceeds of crime before issuing notice. Properties acquired before the scheduled offence may also be attached in proceeds-of-crime proceedings. Challenges to the single-member order, attachment reasons, independent satisfaction and pre-offence property attachment were rejected in writ jurisdiction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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