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VAT - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

The corporate veil under the patronage of BIFR was used as ...

VAT and Sales Tax

May 16, 2014

The corporate veil under the patronage of BIFR was used as subterfuge to avoid payment of taxes - the corporate veil can be lifted to recover the dues from the persons responsible for such illegal acts - HC

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  1. Whether BIFR ceased to have jurisdiction over the company and that all the proceedings in the BIFR after filing of the positive balance-sheet - Held No - BIFR to examine...

  2. Lifting of Corporate veil - the conclusion arrived at by the respondent to state that the petitioner was incorporated only for the purpose of avoiding additional sales...

  3. CENVAT credit - packing materials and insulating materials are used for thermal insulation of the pipes and fittings in order to avoid heat loss - credit allowed - AT

  4. Dishonour of cheque - vicarious liability - liability of group companies - liability common Directors of the group, namely, Right Choice Group of Companies - Lifting of...

  5. CIRP proceedings - piercing of Corporate Veil - seeking invoking the Bank Guarantee furnished by the parent company - the instant application is a fit case for piercing...

  6. Additions u/s 41(1) - cessation of liabilities - written off / remitted liabilities - the claim has been filed before BIFR and therefore the same cannot be considered to...

  7. Waiver of pre deposit - it may not be appropriate to grant stay on the ground that the matter is before BIFR. - AT

  8. Waiver of Customs Duty - Merely because the Unit has applied for registration with BIFR, does not grant any immunity from duty legally payable by the Company - AT

  9. Addition u/s 41 - sick company - cessation of liability towards unsecured loans availed from financial institutions in terms of order of the BIFR - Apex Court has held...

  10. Application for waiver of income tax - reference before BIFR - when the Department had objected to any concession being granted and stated that without quantification,...

 

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