https://www.taxtmi.com/caselaws?id=756316 Rejection of SVLDR Scheme applications was held unsustainable where the stated ground of non-payment of redemption fine was found untenable and the relevant disqualification under Section 125(1)(e) did not apply on the accepted facts. The firm's applications were quashed and directed to be processed under the Scheme. Because the partners' declarations stood on the same footing as the firm's applications, the rejection of their applications also could not survive once the firm-level rejection fell. The respondents were directed to accept and process the partners' applications and proceed in accordance with law, including issuance of the prescribed final certificate on compliance with payment directions. en-us Fri, 26 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756316 Rejection of SVLDR Scheme applications was held unsustainable where the stated ground of non-payment of redemption fine was found untenable and the relevant disqualification under Section 125(1)(e) did not apply on the accepted facts. The firm's applications were quashed and directed to be processed under the Scheme. Because the partners' declarations stood on the same footing as the firm's applications, the rejection of their applications also could not survive once the firm-level rejection fell. The respondents were directed to accept and process the partners' applications and proceed in accordance with law, including issuance of the prescribed final certificate on compliance with payment directions. Case-Laws Service Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756316