Prospective customs notification amendments cannot bar provisional release consideration for earlier imports when bills of lading predate their commen...
Personal guarantor insolvency jurisdiction follows the corporate debtor's CIRP Bench, enabling inter-territorial transfer and preventing parallel proc...
Section 47-A undervaluation threshold: fraudulent intent requirement faces reconsideration after referral to a larger Bench for authoritative resoluti...
RBI supersession powers over multi-State co-operative banks operate independently of the constitutional six-month ceiling and permit statutory extensi...
Re-credit of excess tax to an electronic credit ledger requires examination of the taxpayer's entitlement under the applicable refund framework and CBIC circulars. Relief cannot be granted without recorded reasons; the direction permitting re-credit was therefore set aside and remanded for a fresh speaking order. Recomputation of GST liability also requires a disclosed and reasoned basis, with reference to self-assessed and auto-generated returns and audit reports on record. The unexplained reduction of assessed liability was set aside and remanded for fresh determination after hearing both sides.
Re-credit of excess tax to an electronic credit ledger requires examination of the taxpayer's entitlement under the applicable refund framework and CBIC circulars. Relief cannot be granted without recorded reasons; the direction permitting re-credit was therefore set aside and remanded for a fresh speaking order. Recomputation of GST liability also requires a disclosed and reasoned basis, with reference to self-assessed and auto-generated returns and audit reports on record. The unexplained reduction of assessed liability was set aside and remanded for fresh determination after hearing both sides.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
