Suspension of insolvency professional registration prevents continued Resolution Professional appointments and restricts interim stays that effectivel...
Original works exemption for railway contracts depends on actual integrated construction scope, while accessible tax data defeats suppression allegati...
Survey surrender characterisation determines whether mixed excess stock and business-linked cash face normal taxation or special deemed-income taxatio...
Refund adjustment against tax demands treated as non-collectible or non-enforceable under an unconditional stay is improper; the adjusted amount must be returned with statutory interest while the demands remain stayed pending appeal. Adjustment of a refund before disposal of a stay application constitutes coercive recovery and cannot proceed at that stage. For the disputed demand, retention was confined to 20% in light of applicable Board instructions, with the balance refund returned with statutory interest and the remaining demand stayed pending appeal.
Refund adjustment against tax demands treated as non-collectible or non-enforceable under an unconditional stay is improper; the adjusted amount must be returned with statutory interest while the demands remain stayed pending appeal. Adjustment of a refund before disposal of a stay application constitutes coercive recovery and cannot proceed at that stage. For the disputed demand, retention was confined to 20% in light of applicable Board instructions, with the balance refund returned with statutory interest and the remaining demand stayed pending appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4899 
