Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Recovery of excise duty, which got extinguished on approval of resolution plan - Section 31(1) of the IBC, 2016 mandates that the resolution plan approved by the NCLT shall be binding on the corporate debtor and its stakeholders, including creditors, central government, state government, or local authorities to whom statutory dues are owed. - The Department did not make any claim before the Corporate Insolvency Resolution Process regarding the demands arising from the impugned orders. They acknowledge that the Resolution Plan has been approved, and therefore, all claims are settled, discharged, and extinguished.
Recovery of excise duty, which got extinguished on approval of resolution plan - Section 31(1) of the IBC, 2016 mandates that the resolution plan approved by the NCLT shall be binding on the corporate debtor and its stakeholders, including creditors, central government, state government, or local authorities to whom statutory dues are owed. - The Department did not make any claim before the Corporate Insolvency Resolution Process regarding the demands arising from the impugned orders. They acknowledge that the Resolution Plan has been approved, and therefore, all claims are settled, discharged, and extinguished.
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