https://www.taxtmi.com/caselaws?id=364016 The High Court upheld the Department's actions in retaining seized goods due to non-compliance with bank guarantee requirements, rejecting the petitioner's claim for refund of warehouse charges. Legal battles ensued over tax liabilities, interest waivers, and notice of demand challenges, culminating in the Supreme Court partially allowing the writ petition for the release of funds with interest. The Settlement Commission's decisions on tax liabilities and interest waivers were upheld, with interest payment directed from the date of the final Commission order. en-us Tue, 17 Jul 2018 00:00:00 +0530 Sat, 21 Jul 2018 09:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364016 The High Court upheld the Department's actions in retaining seized goods due to non-compliance with bank guarantee requirements, rejecting the petitioner's claim for refund of warehouse charges. Legal battles ensued over tax liabilities, interest waivers, and notice of demand challenges, culminating in the Supreme Court partially allowing the writ petition for the release of funds with interest. The Settlement Commission's decisions on tax liabilities and interest waivers were upheld, with interest payment directed from the date of the final Commission order. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364016