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...
ITAT partly allowed assessee's appeals and remanded matter to AO to take necessary steps u/s 156A regarding penalty u/s 271(1)(c) against dissolved company. NCLT had approved resolution plan and granted moratorium under IBC. As per Section 14, after moratorium, pending proceedings against corporate debtor are prohibited. Relying on Supreme Court's decision, ITAT held once resolution plan is approved, claims get frozen and are binding on all stakeholders including government authorities. Since resolution plan was yet to be finalized, matter was remanded to AO.
ITAT partly allowed assessee's appeals and remanded matter to AO to take necessary steps u/s 156A regarding penalty u/s 271(1)(c) against dissolved company. NCLT had approved resolution plan and granted moratorium under IBC. As per Section 14, after moratorium, pending proceedings against corporate debtor are prohibited. Relying on Supreme Court's decision, ITAT held once resolution plan is approved, claims get frozen and are binding on all stakeholders including government authorities. Since resolution plan was yet to be finalized, matter was remanded to AO.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
