PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Page of 4826
Press 'Enter' after typing page number.
1 to 20 of 96510 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 allowed the petition, set aside the impugned proceedings dated 13.6.2024 and directed respondents 4 and 5 to pay statutory interest under s.27A on the drawback amount from 12.12.1994 until actual payment in accordance with s.75A of the Customs Act, 1962. The court held that s.75A creates a statutory right to interest where drawback payable under ss.74/75 is not paid within one month of claim filing, and that interest runs from the date of filing the claim (subject to the one-month threshold), not from sanction; the prior administrative interpretation was contrary to the plain statutory language. Petition dismissed in part only as unnecessary; overall petition allowed.
The HC allowed the petition, set aside the impugned proceedings dated 13.6.2024 and directed respondents 4 and 5 to pay statutory interest under s.27A on the drawback amount from 12.12.1994 until actual payment in accordance with s.75A of the Customs Act, 1962. The court held that s.75A creates a statutory right to interest where drawback payable under ss.74/75 is not paid within one month of claim filing, and that interest runs from the date of filing the claim (subject to the one-month threshold), not from sanction; the prior administrative interpretation was contrary to the plain statutory language. Petition dismissed in part only as unnecessary; overall petition allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
