Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Whether tax credit for challans and release/refund of seized cash: Respondents issued fresh Form No. 3 (10.12.2025) and Form No. 5 (11.12.2025), accepting credit for three challans on the basis of reconciled records - consequence: CPC directed to refund the resultant tax amount to the Petitioner within 30 days. Separately, Respondents acknowledged seizure of cash, accepted that records were misplaced with another ward but undertook to refund the seized cash with accumulated interest; Petitioner furnished an indemnity bond - consequence: Respondents directed to refund the seized cash with interest within 30 days. - HC
Whether tax credit for challans and release/refund of seized cash: Respondents issued fresh Form No. 3 (10.12.2025) and Form No. 5 (11.12.2025), accepting credit for three challans on the basis of reconciled records - consequence: CPC directed to refund the resultant tax amount to the Petitioner within 30 days. Separately, Respondents acknowledged seizure of cash, accepted that records were misplaced with another ward but undertook to refund the seized cash with accumulated interest; Petitioner furnished an indemnity bond - consequence: Respondents directed to refund the seized cash with interest within 30 days. - HC
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