Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The Income Tax Appellate Tribunal dismissed the appeals filed by a company in liquidation process against income tax proceedings due to the moratorium imposed u/s 14 of the Insolvency and Bankruptcy Code, 2016. The moratorium prohibits continuation of pending suits or proceedings against the corporate debtor during the insolvency resolution process. The Tribunal relied on Supreme Court and High Court judgments which held that even arbitration proceedings cannot continue after the moratorium, and appeals by the company cannot be sustained without permission from the National Company Law Tribunal or proper authorization by the Insolvency Resolution Professional. The appeals were dismissed with liberty to refile after the moratorium period, if desired, by making the representative of the Committee of Creditors a party.
The Income Tax Appellate Tribunal dismissed the appeals filed by a company in liquidation process against income tax proceedings due to the moratorium imposed u/s 14 of the Insolvency and Bankruptcy Code, 2016. The moratorium prohibits continuation of pending suits or proceedings against the corporate debtor during the insolvency resolution process. The Tribunal relied on Supreme Court and High Court judgments which held that even arbitration proceedings cannot continue after the moratorium, and appeals by the company cannot be sustained without permission from the National Company Law Tribunal or proper authorization by the Insolvency Resolution Professional. The appeals were dismissed with liberty to refile after the moratorium period, if desired, by making the representative of the Committee of Creditors a party.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
