Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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The HC held that section 458A prescribes a clear, unambiguous four-year limitation (three years plus one) for recovery actions following a winding-up order, commencing from the date of the winding-up order and excluding the period between commencement of winding-up proceedings and the winding-up order. Consequently, the Single Judge's conclusion that limitation commences from filing of the statement of affairs was set aside. Because the winding-up order merged with the appellate order dated 06.03.2020, limitation for continuation of proceedings began from that date. The application filed by the Official Liquidator on 13.09.2020 fell within the statutory period under section 458A. Appeal dismissed.
The HC held that section 458A prescribes a clear, unambiguous four-year limitation (three years plus one) for recovery actions following a winding-up order, commencing from the date of the winding-up order and excluding the period between commencement of winding-up proceedings and the winding-up order. Consequently, the Single Judge's conclusion that limitation commences from filing of the statement of affairs was set aside. Because the winding-up order merged with the appellate order dated 06.03.2020, limitation for continuation of proceedings began from that date. The application filed by the Official Liquidator on 13.09.2020 fell within the statutory period under section 458A. Appeal dismissed.
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