Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Refund claim of encashed amount by the revenue - Direction to withdraw recovery proceedings by issuing a demand draft equivalent to the Bank Guarantee - circular dated 18.03.2020 - The Court notes the submissions of both parties regarding the inability to prefer an appeal due to the non-constitution of the appellate tribunal. - Referring to a circular, the Court acknowledges the issue of pending appellate processes due to the absence of the appellate tribunal. The Court directs the respondent to refund the encashed amount to the petitioner within one month from the date of the judgment. It further directs the petitioner to furnish a fresh bank guarantee within one week from the date of refund, valid for one year.
Refund claim of encashed amount by the revenue - Direction to withdraw recovery proceedings by issuing a demand draft equivalent to the Bank Guarantee - circular dated 18.03.2020 - The Court notes the submissions of both parties regarding the inability to prefer an appeal due to the non-constitution of the appellate tribunal. - Referring to a circular, the Court acknowledges the issue of pending appellate processes due to the absence of the appellate tribunal. The Court directs the respondent to refund the encashed amount to the petitioner within one month from the date of the judgment. It further directs the petitioner to furnish a fresh bank guarantee within one week from the date of refund, valid for one year.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
