Petition dismissed; petitioner allowed to submit detailed disclosures and documents for re-consideration; notices for 2019-23 may be adjudicated on me...
Confiscation and duty recovery quashed where licensing records show export obligation discharged; customs lacks jurisdiction absent licence annulment ...
Page of 4828
Press 'Enter' after typing page number.
10161 to 10180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC held that statutory demands for sales tax levies on the corporate debtor instituted after commencement of CIRP are unenforceable where the revenue authority did not submit its claim in the resolution process; such claims stand extinguished on approval of the resolution plan. Post-moratorium assessments are confined to inclusion as statements of claim before the resolution professional and cannot be pursued in parallel proceedings. Consequently, the impugned administrative order and the demand notice dated 14-09-2020 issued by the respondent were quashed, and the writ petition was allowed, with the petitioner relieved from the challenged demand and related proceedings.
The HC held that statutory demands for sales tax levies on the corporate debtor instituted after commencement of CIRP are unenforceable where the revenue authority did not submit its claim in the resolution process; such claims stand extinguished on approval of the resolution plan. Post-moratorium assessments are confined to inclusion as statements of claim before the resolution professional and cannot be pursued in parallel proceedings. Consequently, the impugned administrative order and the demand notice dated 14-09-2020 issued by the respondent were quashed, and the writ petition was allowed, with the petitioner relieved from the challenged demand and related proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
