Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Section 32A of the IBC was construed as protecting corporate debtor property only from the statutory trigger point after a qualifying change in control following approval of a resolution plan, and not as retrospectively nullifying a provisional attachment already made before such approval. The Tribunal held that reliance on Section 32A(1) was misplaced because the dispute concerned attachment of property, not prosecution, and that immunity under Section 32A depends on fulfilment of the prescribed conditions, including the status of the incoming person. The prior attachment under PMLA was therefore sustained, and the appeal challenging attachment and confirmation was dismissed.
Section 32A of the IBC was construed as protecting corporate debtor property only from the statutory trigger point after a qualifying change in control following approval of a resolution plan, and not as retrospectively nullifying a provisional attachment already made before such approval. The Tribunal held that reliance on Section 32A(1) was misplaced because the dispute concerned attachment of property, not prosecution, and that immunity under Section 32A depends on fulfilment of the prescribed conditions, including the status of the incoming person. The prior attachment under PMLA was therefore sustained, and the appeal challenging attachment and confirmation was dismissed.
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