The Court ruled that once a resolution plan is approved, prior tax liabilities are extinguished. Notices issued under Sections 148 and 142(1) for periods before approval were therefore invalid.
The Court held that tax proceedings cannot continue for periods covered by an approved resolution plan. It ruled that past claims stood extinguished, leading to the quashing of the Section 148 notice.
The Court ruled that reassessment notices issued by the JAO after 29 March 2022 were without jurisdiction. The proceedings and related orders were struck down.
The Authority ruled that imported PCR diagnostic kits fall under CTH 38221990. However, exemption under customs duty for Bovine Albumin in kits was denied.
Ruling holds that coated foils and separators are classifiable as accumulator parts since they are engineered solely for lithium-ion cells. LC breakers are classified as circuit-protection apparatus, with all items eligible for notification benefits subject to conditions.
ROC Vijayawada imposed a penalty on the statutory auditor for not qualifying the report on uncharged depreciation, highlighting accountability under Section 143(3) of the Companies Act.
Mumbai CAAR applied the essential character test, finding that OTG kits lacking key functional components do not qualify as complete appliances, confirming classification under CTH 8516.90.00.
Renting a property to an unregistered entity for providing residential accommodation to students and professionals does not qualify for GST exemption. The registered lessor must pay 18% GST under Notification 11/2017.
Karnataka High Court held that blocking of Electronic Credit Ledger by invoking provisions of Rule 86A of the Central Goods and Services Tax Rules, 2017 [CGST Rules] is illegal and arbitrary since reasons to believe was not provided which is mandatory requirement for invoking Rule 86A.
CAAR held that for MOOWR-imported aluminium frames, the applicable customs duty, including ADD, is based on the ex-bond Bill of Entry date, not the original warehousing import date. Administrative circulars or FAQs cannot override statutory provisions.
