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 time-barred debt - The Supreme Court reiterated that the Limitation Act only bars the remedy but does not extinguish the debt, aligning with precedents set in earlier Supreme Court judgments. - The judgment highlighted that specific recovery statutes are designed to operate independently of the Limitation Act, providing an alternative recovery mechanism that does not conform to the standard limitations period. - The Court seeks an authoritative pronouncement on these matters to ensure uniformity and clarity in the application of these laws, recognizing that such decisions could have wide-reaching effects on the legal and financial systems. - Matter placed before the Chief Justice to constitute an appropriate three-judge bench.
Recovery of time-barred debt - The Supreme Court reiterated that the Limitation Act only bars the remedy but does not extinguish the debt, aligning with precedents set in earlier Supreme Court judgments. - The judgment highlighted that specific recovery statutes are designed to operate independently of the Limitation Act, providing an alternative recovery mechanism that does not conform to the standard limitations period. - The Court seeks an authoritative pronouncement on these matters to ensure uniformity and clarity in the application of these laws, recognizing that such decisions could have wide-reaching effects on the legal and financial systems. - Matter placed before the Chief Justice to constitute an appropriate three-judge bench.
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