Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Where a corporate debtor was sold as a going concern in liquidation, the auction purchaser was held liable for electricity "true-up" charges levied after issuance of the sale certificate, since under the Liquidation Process Regulations the purchaser bears post-sale operational liabilities and "as per law" does not negate such statutory/regulatory dues; reliance on the regulator's order provision to claim absolution was rejected, and the challenge to the levy failed. The appeal challenging observations relating to a contempt petition was held not maintainable because any alleged contempt of the adjudicating authority's order must be examined only by that adjudicating authority, leaving no surviving cause in appeal. - NCLAT
Where a corporate debtor was sold as a going concern in liquidation, the auction purchaser was held liable for electricity "true-up" charges levied after issuance of the sale certificate, since under the Liquidation Process Regulations the purchaser bears post-sale operational liabilities and "as per law" does not negate such statutory/regulatory dues; reliance on the regulator's order provision to claim absolution was rejected, and the challenge to the levy failed. The appeal challenging observations relating to a contempt petition was held not maintainable because any alleged contempt of the adjudicating authority's order must be examined only by that adjudicating authority, leaving no surviving cause in appeal. - NCLAT
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