Case LawCWP-10249-2024
Acme Cleantech Solutions Pvt Ltd Vs Union of India
- Court:
- High Court
- Bench:
- Punjab and Haryana
- Date:
- May 2, 2024
- Type:
- Writ Petition
- Members:
- SANJEEV PRAKASH SHARMA, SUKHVINDER KAUR
Subject
Corporate guarantee proceedings stayed pending a response from the CBIC
Summary
The Punjab and Haryana High Court has intervened in the ongoing nationwide proceedings concerning corporate guarantee matters by staying the corporate guarantee proceedings pending a response from the Central Board of Indirect Taxes and Customs (CBIC…
Judgement
FULL TEXT OF THE JUDGMENT/ORDER OF PUNJAB AND HARYANA HIGH COURT Learned counsel rely on (2019) 11 SCC 631, Union of India Vs. Karvy Stock Broking Ltd. , and submit that impugned Circular dated 27.10.2023 (Annexure P-2) seek to take away the adjudicatory powers of the Assessing Authority as well as the Appellate Authority by clarifying provisions in the nature of adjudication. Learned counsel also…