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...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Authority to appoint a third party developer for completion of predominantly completed residential projects is sustained where protection of home buyers is the predominant consideration; the appellate tribunal's direction to bring in a government entity for completion is not found unfair or contrary to insolvency law and is upheld with specified modifications. Use of the court's equitable remedial power to ensure completion and orderly distribution is endorsed, permitting surplus distribution to other claimants by pari passu or other fair mechanisms. Interim injunctions that would impede the court approved completion mechanism are prohibited; the appeals are dismissed accordingly.
Authority to appoint a third party developer for completion of predominantly completed residential projects is sustained where protection of home buyers is the predominant consideration; the appellate tribunal's direction to bring in a government entity for completion is not found unfair or contrary to insolvency law and is upheld with specified modifications. Use of the court's equitable remedial power to ensure completion and orderly distribution is endorsed, permitting surplus distribution to other claimants by pari passu or other fair mechanisms. Interim injunctions that would impede the court approved completion mechanism are prohibited; the appeals are dismissed accordingly.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
