Investigation deposits refunded after failed customs demands fall outside the statutory appellate pre-deposit interest regime and may attract compensa...
Resolution plan finality extinguishes unquantified operational-creditor claims and pending proceedings unless the approved plan expressly preserves th...
Stakeholder-list modification permits liquidators to update entries on new information, subject to notifying the Adjudicating Authority within prescri...
Declarations under section 194C(6) need not follow the CBDT circular format, but must contain essential freight-charge and goods-carriage registration particulars to establish eligibility for non-deduction of tax on payments to small transport operators. Declarations cannot be rejected solely for format non-compliance or lack of independent verification, although identified discrepancies or omissions must be put to the payer; the ITAT remanded the matter because transporter-specific deficiencies were not identified. Physical Form 26A certificates must also be examined under the first proviso to section 201(1) to determine whether payees included freight income in their returns and paid due tax. Assessee-in-default liability and the alternative Form 26A claim were remanded for fresh consideration.
Declarations under section 194C(6) need not follow the CBDT circular format, but must contain essential freight-charge and goods-carriage registration particulars to establish eligibility for non-deduction of tax on payments to small transport operators. Declarations cannot be rejected solely for format non-compliance or lack of independent verification, although identified discrepancies or omissions must be put to the payer; the ITAT remanded the matter because transporter-specific deficiencies were not identified. Physical Form 26A certificates must also be examined under the first proviso to section 201(1) to determine whether payees included freight income in their returns and paid due tax. Assessee-in-default liability and the alternative Form 26A claim were remanded for fresh consideration.
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