Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Enforcement against a non-party security provider is permitted where the provider voluntarily issued a cheque as security for the disputed arbitrable liability; the court treated the undated cheque, corresponding to the tribunal claim, as a voluntary guaranty thereby exposing the issuer to enforcement of the foreign arbitral award and corrective award. The decision rejected a requirement to pierce the corporate veil because liability rested on the 2nd respondent's own undertaking; the 1st respondent's insolvency reinforced the necessity of enforcement against the security provider to prevent injustice. The appellate order allows enforcement jointly and severally against both respondents on the cheque basis.
Enforcement against a non-party security provider is permitted where the provider voluntarily issued a cheque as security for the disputed arbitrable liability; the court treated the undated cheque, corresponding to the tribunal claim, as a voluntary guaranty thereby exposing the issuer to enforcement of the foreign arbitral award and corrective award. The decision rejected a requirement to pierce the corporate veil because liability rested on the 2nd respondent's own undertaking; the 1st respondent's insolvency reinforced the necessity of enforcement against the security provider to prevent injustice. The appellate order allows enforcement jointly and severally against both respondents on the cheque basis.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
