Unverified Insight Portal Information Cannot Justify Reassessment Without a Verified Taxpayer-Specific Income-Escape Nexus or Demonstrated Application...
Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
Consequential appeal-effect orders must implement rectification deleting working-capital adjustments and reconsider the resulting arm's-length range c...
Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Regulation 21A deems a secured creditor to have relinquished security where it fails to intimate, within 30 days of liquidation commencement, its election to realise that security. A subsequent Form C claim does not displace this presumption. Where performance bank guarantees securing EPCG export obligations were neither invoked nor renewed, the underlying FDR amounts entered the liquidation estate following the customs creditor's deemed relinquishment. Directions requiring return of the original bonds and remittance of the FDR amounts to the liquidation account were affirmed, and the appeal was dismissed.
Regulation 21A deems a secured creditor to have relinquished security where it fails to intimate, within 30 days of liquidation commencement, its election to realise that security. A subsequent Form C claim does not displace this presumption. Where performance bank guarantees securing EPCG export obligations were neither invoked nor renewed, the underlying FDR amounts entered the liquidation estate following the customs creditor's deemed relinquishment. Directions requiring return of the original bonds and remittance of the FDR amounts to the liquidation account were affirmed, and the appeal was dismissed.
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