Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
HC addressed valuation dispute regarding exported Printed Circuit Boards where penalty was significantly increased from Rs.1,00,000 to Rs.1,00,00,000 in subsequent Order-in-Original. While acknowledging statutory alternative remedy exists, HC permitted petitioner to file appeal within three weeks against Order dated 31.10.2022. Following precedent from Delhi HC, court directed that appeal be considered without requiring full pre-deposit of enhanced penalty. Petitioner allowed to proceed with pre-deposit based on initial Rs.1,00,000 penalty amount, without prejudice to final determination on merits by appellate authority. Court emphasized this concession on pre-deposit requirement would not influence substantive appeal determination. Petition disposed accordingly.
HC addressed valuation dispute regarding exported Printed Circuit Boards where penalty was significantly increased from Rs.1,00,000 to Rs.1,00,00,000 in subsequent Order-in-Original. While acknowledging statutory alternative remedy exists, HC permitted petitioner to file appeal within three weeks against Order dated 31.10.2022. Following precedent from Delhi HC, court directed that appeal be considered without requiring full pre-deposit of enhanced penalty. Petitioner allowed to proceed with pre-deposit based on initial Rs.1,00,000 penalty amount, without prejudice to final determination on merits by appellate authority. Court emphasized this concession on pre-deposit requirement would not influence substantive appeal determination. Petition disposed accordingly.
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