Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
The HC directed the respondents to conclude the pending investigation within four weeks from the order date, as over eight months had elapsed since the goods' arrival and necessary reports were already available. The respondents were instructed to either drop the proceedings or issue a show cause notice within two weeks thereafter. If the goods were not released following the show cause, the petitioner was entitled to seek provisional release, subject to payment of the highest duty and penalty rates and an undertaking limiting the goods' use to off-road purposes. The court emphasized that prolonged seizure without timely resolution was impermissible and mandated expeditious finalization of the matter. The petition was accordingly disposed of.
The HC directed the respondents to conclude the pending investigation within four weeks from the order date, as over eight months had elapsed since the goods' arrival and necessary reports were already available. The respondents were instructed to either drop the proceedings or issue a show cause notice within two weeks thereafter. If the goods were not released following the show cause, the petitioner was entitled to seek provisional release, subject to payment of the highest duty and penalty rates and an undertaking limiting the goods' use to off-road purposes. The court emphasized that prolonged seizure without timely resolution was impermissible and mandated expeditious finalization of the matter. The petition was accordingly disposed of.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
