Intermediary service classification fails where overseas admission facilitation is supplied independently, preserving export treatment and small-provi...
Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
A VAT attachment could not survive a liquidation sale where the Department's claim was filed belatedly, rejected, and never admitted in insolvency. The Court distinguished Rainbow Papers, noting that it concerned the unamended regulation and corporate resolution, whereas the present case arose in liquidation under the amended claim process. It held that the Insolvency and Bankruptcy Code's waterfall mechanism and overriding effect prevent a pre-existing attachment from defeating the auction purchaser's title or being revived through writ proceedings. The Court also held that a statutory charge under the TNVAT Act does not, by itself, make the Department a secured creditor under the Code, and directed a contra entry in the encumbrance records.
A VAT attachment could not survive a liquidation sale where the Department's claim was filed belatedly, rejected, and never admitted in insolvency. The Court distinguished Rainbow Papers, noting that it concerned the unamended regulation and corporate resolution, whereas the present case arose in liquidation under the amended claim process. It held that the Insolvency and Bankruptcy Code's waterfall mechanism and overriding effect prevent a pre-existing attachment from defeating the auction purchaser's title or being revived through writ proceedings. The Court also held that a statutory charge under the TNVAT Act does not, by itself, make the Department a secured creditor under the Code, and directed a contra entry in the encumbrance records.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
