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...
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In exercise of powers under Article 227 of the Constitution, the HC dismissed the Department's appeal before CESTAT, finding the dispute clearly covered by the circular dated November 2, 2013, as the amount involved (Rs. 29,66,805 plus Rs. 20 lakhs) was below the Rs. 50 lakhs monetary limit. The Court determined that disregarding the Instruction would serve no useful purpose and would unnecessarily prolong the retention of the Petitioner's bank guarantee, which had been held for over 14 years. The HC ordered the release of the bank guarantee within 8 weeks, acknowledging that while the appeal predated the Instruction, the monetary limits would apply to pending matters.
In exercise of powers under Article 227 of the Constitution, the HC dismissed the Department's appeal before CESTAT, finding the dispute clearly covered by the circular dated November 2, 2013, as the amount involved (Rs. 29,66,805 plus Rs. 20 lakhs) was below the Rs. 50 lakhs monetary limit. The Court determined that disregarding the Instruction would serve no useful purpose and would unnecessarily prolong the retention of the Petitioner's bank guarantee, which had been held for over 14 years. The HC ordered the release of the bank guarantee within 8 weeks, acknowledging that while the appeal predated the Instruction, the monetary limits would apply to pending matters.
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