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...
Basic customs duty exemption under Notification No. 24/2015-Cus., available through debit of MEIS duty credit scrips, results in no Social Welfare Surcharge being payable on imported PET coke. The surcharge demand was treated as unsustainable where the underlying basic customs duty stood exempt under the MEIS Scheme. This treatment applies the settled position that Social Welfare Surcharge does not arise when basic customs duty is fully exempted under the relevant MEIS notification, with consequential relief following from the deletion of the surcharge demand.
Basic customs duty exemption under Notification No. 24/2015-Cus., available through debit of MEIS duty credit scrips, results in no Social Welfare Surcharge being payable on imported PET coke. The surcharge demand was treated as unsustainable where the underlying basic customs duty stood exempt under the MEIS Scheme. This treatment applies the settled position that Social Welfare Surcharge does not arise when basic customs duty is fully exempted under the relevant MEIS notification, with consequential relief following from the deletion of the surcharge demand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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