The Tribunal held that processes like washing, crushing, and sizing converted ore into concentrate under deemed manufacture provisions. As a result, exemption meant for ores was denied.
The Tribunal held that MMR cannot be applied where income is modest and statutory conditions are not met. It directed recomputation without applying higher tax rates.
The Tribunal held that appeals against liquidator decisions must be filed within 14 days. It ruled that delays beyond this period cannot be condoned.
The Court held that rejecting an appeal for wrong jurisdiction without proper mechanism was a mistake. It restored the appeal and directed its transmission to the correct authority.
The Tribunal held that all resolution plans were rightly rejected as they offered values below liquidation value. It emphasized that the CoC’s commercial judgment, based on financial viability, cannot be interfered with unless statutory provisions are violated. The ruling reinforces that business decisions of the CoC are paramount in insolvency proceedings.
The court held that recovery proceedings cannot continue without considering the taxpayer’s objections. Authorities must decide representations before enforcing attachment.
The court held that once investigation is complete and evidence is secured, continued custody is not justified. Bail can be granted even in high-value GST fraud cases.
This explains how GST treatment of vouchers depends on the real nature of the transaction, not labels. Misclassification can lead to higher tax exposure and compliance risks.
The case involved non-maintenance of a valid registered office, leading to undelivered notices. The authority imposed penalties, holding such failure violates statutory compliance requirements.
The law excludes independent directors from rotational retirement due to their fixed tenure. It clarifies their distinct status in corporate governance. Key takeaway: independent directors follow a separate tenure framework.
