SC: Reserved Category Candidate Who Availed Prelims Relaxation Cannot Claim an Unreserved Seat || SC: Public Sector Enterprises Cannot Act Against Retired Employees Without Clear Rules || Supreme Court: Single FIR is Permissible in Mass Cheating Cases Arising From One Conspiracy || SC: Courts Cannot Take Cognizance of Time-Barred Cheque Bounce Cases Without Condoning Delay || SC: Exoneration in Disciplinary Proceedings Does Not Always Bar Criminal Prosecution || SC: Judge Cannot Be Presumed Biased Merely Because a Litigant’s Relative Is Police or Court Staff || Delhi HC: Delays From Medical Review Cannot Justify Ante-Dated Seniority For BSF Candidates || Allahabad HC: Being ‘Proclaimed Offender’ Does Not Completely Bar Grant of Anticipatory Bail || Delhi HC: Abortion by a Married Woman For Marital Discord is Legal under The MTP Act || NCLT Kochi: Fraud Has No Time Limit and Directors Cannot Use Delay As a Defense

Search Results for Tag : Excess credit

Judgments

For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)

In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....

Tags : Excess credit, Interest, Payment

News

Madras HC:Recovery Can Only be Started Once Amount of Excess Credit Has Been Quantified in Assessment(12.06.2019)

Madras High Court has observed that power to punish would stand triggered only once it is established that an Assessee has ‘committed’ an offence.

Tags : Madras HC, Excess Credit