Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Disallowance under tax law for investment expenses cannot be applied mechanically; authority must record clear reasons before increasing assessee's su...
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Whether 'fly ash' is excisable and whether duty paid under protest was refundable: Tribunal held classification disputes decided by other litigants do not dispose of an individual taxpayer's protest; relying on the principle in Mafatlal that payment under court order constitutes payment under protest, the appellant's unresolved protest precluded time-bar under Section 11B and entitlement to refund. The revenue's inaction on the appellant's protest and subsequent favorable decisions for similar units supported allowing the refund; the impugned order was set aside and the appeal allowed. - CESTAT
Whether 'fly ash' is excisable and whether duty paid under protest was refundable: Tribunal held classification disputes decided by other litigants do not dispose of an individual taxpayer's protest; relying on the principle in Mafatlal that payment under court order constitutes payment under protest, the appellant's unresolved protest precluded time-bar under Section 11B and entitlement to refund. The revenue's inaction on the appellant's protest and subsequent favorable decisions for similar units supported allowing the refund; the impugned order was set aside and the appeal allowed. - CESTAT
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