Independent manufacturing undertaking eligibility preserves Section 80IA/80IB deductions, while machinery kept ready for use qualifies for depreciatio...
Assessing Officer Satisfaction Requirement Bars Penalty for Cash Receipt in Immovable-Property Sale Cases Where Initiation Lacks Recorded Satisfaction...
Self-assessed import entries remain appealable, while bona fide classification disputes without misdeclaration cannot justify confiscation or penaltie...
Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Residuary jurisdiction in liquidation permits incidental and consequential directions necessary to give commercial effect to a going-concern sale, including revised shareholding, fresh equity, listing-related steps, removal of historical encumbrances, and restoration of active corporate status, subject to applicable procedures and regulatory powers. A going-concern purchaser receives clean-slate protection from pre-sale liabilities, while pending proceedings may continue in the corporate debtor's name under new management without determining their merits. Subsisting licences, approvals and contractual rights continue subject to compliance obligations. Relief extending to all receivables or creating a fresh limitation period is unavailable where not contemplated by the sale documents. Auction terms remain binding: statutory taxes, duties, charges and fees assumed by the purchaser cannot be waived through additional relief.
Residuary jurisdiction in liquidation permits incidental and consequential directions necessary to give commercial effect to a going-concern sale, including revised shareholding, fresh equity, listing-related steps, removal of historical encumbrances, and restoration of active corporate status, subject to applicable procedures and regulatory powers. A going-concern purchaser receives clean-slate protection from pre-sale liabilities, while pending proceedings may continue in the corporate debtor's name under new management without determining their merits. Subsisting licences, approvals and contractual rights continue subject to compliance obligations. Relief extending to all receivables or creating a fresh limitation period is unavailable where not contemplated by the sale documents. Auction terms remain binding: statutory taxes, duties, charges and fees assumed by the purchaser cannot be waived through additional relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
