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    Interest forms part of financial debt when acknowledged through conduct, affecting Section 7 threshold assessment for inter corporate deposits
    Mistaken tax payments and unjust enrichment: reversing the burden to buyers may support refund, while Section 11B limitation may not apply.
    Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
    Consignment notes by substance, not label, can bring individual truck owners' transport services within Goods Transport Agency taxation
    Limitation objections must be decided before remand on merits; unresolved limitation issues can determine whether further adjudication is necessary.
    Reduced cheque demand after part payments does not invalidate statutory notice where liability and balance are clearly explained
    Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
    Taxpayer information sharing authorised for farmer loan waiver beneficiary identification under the Income-tax Act framework.
    Non-deduction of tax at source for specified IFSC payments applies only on notified receipts, registration, declaration and reporting compliance.
    Anti-dumping duty duration extended for Arylides imports from China, keeping the existing customs protection in force until January 2027.
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    Input tax credit and retrospective supplier cancellation cannot bar claims without proof of genuine supply.
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      Insolvency and Bankruptcy

      Maintainability of an interim application seeking summary...

      Court Rules Interim Summary Judgment Maintainable in Vessel Supply Case; Ownership Evidence Required.

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      Insolvency and BankruptcyAugust 27, 2024Case LawsHC
      Maintainability of an interim application seeking summary judgment under the Code of Civil Procedure for enforcing claims arising from bunker supplies made to defendant vessels. The court held that the plaintiff has proceeded in rem against the defendant vessel, claimed to be beneficially owned by the defendant, for a defined class of maritime claim under the Admiralty Act. The court rejected the defendant's contention that the plaintiff's claim is an in personam claim, precluding an action in rem against the res. The court clarified that Section 14 of the Insolvency and Bankruptcy Code does not prohibit an action in rem or continuation of in rem proceedings against a maritime vessel. To affect an arrest under the Admiralty Act, the owner of the vessel must be liable for a maritime claim and must be the owner when the arrest is effected, with no restriction on a time charterer being the owner. However, the plaintiff cannot seek summary judgment without evidence for establishing the defendant as the real owner of the vessel for certain supplies. The suit shall continue against the defendant for those supplies.

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      ActsIncome Tax