Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
HC allowed the petition and held that redemption fines imposed under the Central Excise regime are consequential to non-payment of duty and not a distinct category of penalty outside the ambit of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDR Scheme). The Court concluded that payment under Section 124 of the SVLDR Scheme, and issuance of the discharge certificate, extinguishes the duty, interest and penalties, and therefore operates to waive redemption fines arising from seizure/confiscation. The Court directed that taxpayers who avail scheme benefits and pay the specified amount are entitled to waiver of redemption fines, extending the Scheme's finality to seizure/confiscation matters.
HC allowed the petition and held that redemption fines imposed under the Central Excise regime are consequential to non-payment of duty and not a distinct category of penalty outside the ambit of the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDR Scheme). The Court concluded that payment under Section 124 of the SVLDR Scheme, and issuance of the discharge certificate, extinguishes the duty, interest and penalties, and therefore operates to waive redemption fines arising from seizure/confiscation. The Court directed that taxpayers who avail scheme benefits and pay the specified amount are entitled to waiver of redemption fines, extending the Scheme's finality to seizure/confiscation matters.
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