Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Locus standi of the appellant to file an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code (IBC) and the fulfillment of the threshold requirement for filing such an application. The key points are: The appellant, who is neither an allottee of the real estate project nor has any stake in it, lacks the locus standi to challenge the order admitting the Section 7 application. The application was filed by financial creditors in a class, alleging default by the corporate debtor in delivering possession of units within the agreed time. The application fulfilled the threshold requirement of being filed by at least 10% of the allottees, as it was filed by 29 out of 255 allottees. The Appellate Tribunal found no grounds to interfere with the impugned order and dismissed the appeal.
Locus standi of the appellant to file an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code (IBC) and the fulfillment of the threshold requirement for filing such an application. The key points are: The appellant, who is neither an allottee of the real estate project nor has any stake in it, lacks the locus standi to challenge the order admitting the Section 7 application. The application was filed by financial creditors in a class, alleging default by the corporate debtor in delivering possession of units within the agreed time. The application fulfilled the threshold requirement of being filed by at least 10% of the allottees, as it was filed by 29 out of 255 allottees. The Appellate Tribunal found no grounds to interfere with the impugned order and dismissed the appeal.
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