Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Amounts deposited during investigation at the Department's insistence and while duty liability was still contested were treated as payments made under a mistaken notion of liability, not as voluntary central excise duty. On that basis, the amount did not acquire the character of duty for denying interest under Section 11B. Following its earlier view in Harrisons Industries and distinguishing Goldy Engineering Works, the Tribunal held that interest was payable at 12% per annum on the refunded amount from the date of deposit until the date of refund.
Amounts deposited during investigation at the Department's insistence and while duty liability was still contested were treated as payments made under a mistaken notion of liability, not as voluntary central excise duty. On that basis, the amount did not acquire the character of duty for denying interest under Section 11B. Following its earlier view in Harrisons Industries and distinguishing Goldy Engineering Works, the Tribunal held that interest was payable at 12% per annum on the refunded amount from the date of deposit until the date of refund.
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