Credit-note turnover adjustments preserve inverted-duty refunds, while ministerial re-computation does not constitute an impermissible appellate reman...
Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
The CESTAT, an Appellate Tribunal, addressed the issue of continuing an appeal post the NCLT's approval of the resolution plan. Referring to Rule 22 of CESTAT (Procedure) Rules, 1982, it was held that the appeal abates once a successor interest with sufficient rights is appointed by NCLT. Citing precedents, including the Supreme Court's ruling, it was established that the Tribunal's powers are limited by statute. Therefore, any order exceeding statutory powers is invalid. In line with Rule 22, the appeal abates upon IRP appointment or plan approval. The decision to abate the appeal aligns with the provisions of CESTAT (Procedure) Rules, 1982.
The CESTAT, an Appellate Tribunal, addressed the issue of continuing an appeal post the NCLT's approval of the resolution plan. Referring to Rule 22 of CESTAT (Procedure) Rules, 1982, it was held that the appeal abates once a successor interest with sufficient rights is appointed by NCLT. Citing precedents, including the Supreme Court's ruling, it was established that the Tribunal's powers are limited by statute. Therefore, any order exceeding statutory powers is invalid. In line with Rule 22, the appeal abates upon IRP appointment or plan approval. The decision to abate the appeal aligns with the provisions of CESTAT (Procedure) Rules, 1982.
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TaxTMI 
TaxTMI 
