Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineli...
Rectification of apparent typographical errors may proceed without hearing when tax liability, input tax credit, and ruling substance remain unchanged...
Finality of an unchallenged remand order prevented the exporter from reopening findings that its declared FOB value was doubtful, Revenue had met its burden, and the value required re-determination. The Tribunal treated those findings as conclusive because neither side had challenged the earlier order, and held the later challenge to re-determination not maintainable. Examination was therefore limited to compliance with the remand directions. As the Commissioner considered values for the different exported watches and re-determined FOB value under the Valuation Rules, 1988, the Tribunal upheld the re-determination and dismissed the appeal.
Finality of an unchallenged remand order prevented the exporter from reopening findings that its declared FOB value was doubtful, Revenue had met its burden, and the value required re-determination. The Tribunal treated those findings as conclusive because neither side had challenged the earlier order, and held the later challenge to re-determination not maintainable. Examination was therefore limited to compliance with the remand directions. As the Commissioner considered values for the different exported watches and re-determined FOB value under the Valuation Rules, 1988, the Tribunal upheld the re-determination and dismissed the appeal.
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