Acme Cleantech Solutions Pvt Ltd Vs Union of India
Date: May 2, 2024
Court: High Court
Bench: Punjab and Haryana
Type: Writ Petition
Judge(s)/Member(s): SANJEEV PRAKASH SHARMA, SUKHVINDER KAUR
Subject Matter
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…
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…