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    Section 54 exemption applies asset-wise for each residential sale, not by clubbing multiple gains into one relief claim.
    Foreign exchange loss as unascertained liability sustained while prior period expenditure was allowed and one item remanded
    AMP expenditure is not an international transaction without agreement, arrangement or understanding with the associated enterprise.
    Authenticated Certificate of Origin bars customs re-enquiry and preserves concessional duty benefit under the Indo-Thai FTA.
    Prospective exemption notification bars retrospective customs duty on vessels later converted to coastal run under later notification
    Abetment penalty under customs law fails where the notice alleges only courier-regulation breaches, not abetment.
    Binding remand directions and mandatory statement admissibility defeated customs penalties, which could not apply retrospectively.
    FTWZ operations outside a customs broker licence cannot trigger CBLR action absent Form C intimation and proof.
    Classification of aluminium formwork as structural goods, not moulds, and demand cannot rest on new grounds
    Procedural countersignature defect cannot defeat customs exemption for project imports; duty demand and penalties were set aside.
    IRP remuneration and CIRP costs remain reviewable; monthly fee claim for the full tenure was rejected.
    Final eviction decree bars CIRP challenge to landlord's title and excludes unlawful possession from insolvency assets
    IBC priority over GST first charge limits tax dues to unsecured debt in CIRP, while moratorium bars revised claims.
    Concluded liquidation auction cannot be cancelled absent fraud, collusion or fundamental procedural irregularity; sale restored.
    Abuse of insolvency process: CIRP may be terminated when sole creditor rejects repayment without justification.
    Pre-existing dispute bars insolvency admission where contemporaneous records show a plausible contractual dispute before demand notice
    Locus standi to challenge a confirmed liquidation sale failed where the shareholder lacked standing and objections were unsubstantiated.
    PMLA bail turns on twin conditions, independent laundering offence, and medical relief failing on the facts.
    Export of services to overseas recipient sustains tax relief; CENVAT credit denial and extended limitation fail
    Late payment surcharge on electricity dues treated as part of exempt electricity supply, not taxable tolerating an act.
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      Insolvency and Bankruptcy

      Service of demand notice u/s 8 of the Code - service at...

      Objections to Section 8 Insolvency Notice Raised Late Are Invalid; Notice Service at Corporate Office Is Valid.

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      Insolvency and BankruptcyJune 3, 2019Case LawsTri
      Service of demand notice u/s 8 of the Code - service at corporate office - respondent had never raised the objection to the receiving or replying to the notice and at the stage of final hearing this issue raised by corporate debtor should not be considered and the matter be heard on merit - preliminary objection not being raised at the initial stage, cannot be tenable at this stage specially after completion of the pleadings - it can be served at registered office/corporate office

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      ActsIncome Tax