Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
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...
Unregistered agreement for sale does not confer title; the court treated Eyelid's reliance on such an instrument as insufficient to require the official liquidator to disclaim onerous property or to execute and register conveyance, particularly given absence at possession, municipal records not recognising Eyelid, doubts as to document authenticity and circular payments. The court nevertheless granted Eyelid liberty to seek leave to institute civil proceedings under the Companies Act to establish rights, without conferring substantive relief. Salasar's pre emption/right to match the highest bid will be considered only if it actually matches the highest auction bid.
Unregistered agreement for sale does not confer title; the court treated Eyelid's reliance on such an instrument as insufficient to require the official liquidator to disclaim onerous property or to execute and register conveyance, particularly given absence at possession, municipal records not recognising Eyelid, doubts as to document authenticity and circular payments. The court nevertheless granted Eyelid liberty to seek leave to institute civil proceedings under the Companies Act to establish rights, without conferring substantive relief. Salasar's pre emption/right to match the highest bid will be considered only if it actually matches the highest auction bid.
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