Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Refund claim of excess duty denied due to unjust enrichment - goods sold based on LME price index. Revenue contended appellant booked excess duty as revenue expenditure initially, then as recoverable after favorable order, disallowing refund. Tribunal relied on prior ruling that mere accounting treatment insufficient to prove burden passed on, requiring evidence from Revenue. Appellant selling goods based on LME price index. Supreme Court ruled for such pricing, duty cannot be loaded, precluding unjust enrichment. Appellant bore duty burden paid to supplier, entitled to refund of excess duty as rightly allowed earlier. Impugned order set aside, appeal allowed.
Refund claim of excess duty denied due to unjust enrichment - goods sold based on LME price index. Revenue contended appellant booked excess duty as revenue expenditure initially, then as recoverable after favorable order, disallowing refund. Tribunal relied on prior ruling that mere accounting treatment insufficient to prove burden passed on, requiring evidence from Revenue. Appellant selling goods based on LME price index. Supreme Court ruled for such pricing, duty cannot be loaded, precluding unjust enrichment. Appellant bore duty burden paid to supplier, entitled to refund of excess duty as rightly allowed earlier. Impugned order set aside, appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
