Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
Date of tendering a cheque is to be treated as the date of payment where the cheque is subsequently honoured, and therefore an interest demand based on cheque-realisation date is incorrect; the Board's prior clarification (Circular) supports treating tendering date as payment. The Online Tax Accounting System's use of cheque-realisation date produced an illegitimate late-payment interest demand; the petitioner had tendered cheques within the statutory due date as certified by the bank, so no delayed-payment interest arises and the refund of amounts paid under protest is justified.
Date of tendering a cheque is to be treated as the date of payment where the cheque is subsequently honoured, and therefore an interest demand based on cheque-realisation date is incorrect; the Board's prior clarification (Circular) supports treating tendering date as payment. The Online Tax Accounting System's use of cheque-realisation date produced an illegitimate late-payment interest demand; the petitioner had tendered cheques within the statutory due date as certified by the bank, so no delayed-payment interest arises and the refund of amounts paid under protest is justified.
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