Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, ...
Qualification of fire extinguishers as aircraft parts - original duty finding under Notification No.50/2017-Sr.545 vacated; remanded for fresh adjudic...
Liability of directors for a company tax debt is contingent on a recorded finding that tax dues cannot be recovered from the company; absent such a finding, proceedings against directors under the statutory provision are impermissible, and the impugned order is set aside on that sole ground. The note clarifies that if, during recovery, the precondition of non-recoverability is subsequently established, invocation of the statutory power against directors remains available but must be exercised strictly in accordance with law and upon satisfaction of the prescribed precondition.
Liability of directors for a company tax debt is contingent on a recorded finding that tax dues cannot be recovered from the company; absent such a finding, proceedings against directors under the statutory provision are impermissible, and the impugned order is set aside on that sole ground. The note clarifies that if, during recovery, the precondition of non-recoverability is subsequently established, invocation of the statutory power against directors remains available but must be exercised strictly in accordance with law and upon satisfaction of the prescribed precondition.
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