Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Moratorium under the personal insolvency resolution process under Section 101 of the Insolvency and Bankruptcy Code is strictly time-bound and ends automatically on expiry of 180 days from admission or on an order on the repayment plan, whichever is earlier. The High Court held that once that period expires without an operative order on the repayment plan, the statutory embargo ceases by operation of law and does not continue by implication or require further waiting. Creditors then regain ordinary remedies, and execution proceedings against the personal guarantor may proceed. On that basis, the objection to continuation of execution was rejected, attachment was directed over the specified properties excluding the property kept out of consideration, and a Receiver was appointed for sale in accordance with law.
Moratorium under the personal insolvency resolution process under Section 101 of the Insolvency and Bankruptcy Code is strictly time-bound and ends automatically on expiry of 180 days from admission or on an order on the repayment plan, whichever is earlier. The High Court held that once that period expires without an operative order on the repayment plan, the statutory embargo ceases by operation of law and does not continue by implication or require further waiting. Creditors then regain ordinary remedies, and execution proceedings against the personal guarantor may proceed. On that basis, the objection to continuation of execution was rejected, attachment was directed over the specified properties excluding the property kept out of consideration, and a Receiver was appointed for sale in accordance with law.
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