Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Recovery of tax dues - Attachment of assets - dues of MVAT Authorities’ have charge in priority to the secured creditors or not - This judgment reaffirms the supremacy of the SARFAESI Act over state tax claims in matters of secured creditors' rights. It clarifies that secured creditors with interests registered prior in time with CERSAI have priority over the proceeds from the sale of secured assets, irrespective of the claims of the MVAT authorities. The judgment highlights the importance of balancing competing interests to ensure that secured assets can be auctioned without undue interference, thereby safeguarding the rights of secured creditors and ensuring the continued economic utility of assets.
Recovery of tax dues - Attachment of assets - dues of MVAT Authorities’ have charge in priority to the secured creditors or not - This judgment reaffirms the supremacy of the SARFAESI Act over state tax claims in matters of secured creditors' rights. It clarifies that secured creditors with interests registered prior in time with CERSAI have priority over the proceeds from the sale of secured assets, irrespective of the claims of the MVAT authorities. The judgment highlights the importance of balancing competing interests to ensure that secured assets can be auctioned without undue interference, thereby safeguarding the rights of secured creditors and ensuring the continued economic utility of assets.
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