Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
Interest on IGST levied on imported goods cannot be recovered where neither the Customs Tariff Act, 1975 nor the Customs Act, 1962 contains a charging provision authorising such interest. The issue was treated as settled by earlier precedent, rendering the interest collection unsustainable. Refund claims for interest paid must be considered expeditiously and within 16 weeks of receipt, provided the claimant establishes that the interest burden was not passed on to buyers or customers.
Interest on IGST levied on imported goods cannot be recovered where neither the Customs Tariff Act, 1975 nor the Customs Act, 1962 contains a charging provision authorising such interest. The issue was treated as settled by earlier precedent, rendering the interest collection unsustainable. Refund claims for interest paid must be considered expeditiously and within 16 weeks of receipt, provided the claimant establishes that the interest burden was not passed on to buyers or customers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
