Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
The CESTAT held that for refunds filed under the Central Excise Act, 1944, interest on delayed refunds is governed by Section 11BB and would be payable from the date of deposit made by the assessee, as per the Supreme Court's decision in Ranbaxy case. The appeal filed by the assessee against the adjudicating authority's order, which had calculated interest from the deposit date, was dismissed.
The CESTAT held that for refunds filed under the Central Excise Act, 1944, interest on delayed refunds is governed by Section 11BB and would be payable from the date of deposit made by the assessee, as per the Supreme Court's decision in Ranbaxy case. The appeal filed by the assessee against the adjudicating authority's order, which had calculated interest from the deposit date, was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
