Tag: Section 53
![](https://www.indialaw.in/wp-content/uploads/2023/11/SC-CBIC-Dues-to-Follow-Waterfall-Mechanismo-the-Waterfall-Mechanism-600x324.png)
Supreme Court Upholds that Dues of Central Board of Indirect Taxes & Customs, Department of Revenue to be paid according to the Waterfall Mechanism
In a notable Judgment dated 30.10.2023 in the case of Principal Commissioner of Customs V Rajendra Prasad Tak & Ors[1], the Hon’ble Supreme Court held that the dues of the Central Board of Indirect Taxes
![Supreme Court Reaffirms Rainbow Papers Case Law, Dismisses Review Petition](https://www.indialaw.in/wp-content/uploads/2023/11/Supreme-Court-Reaffirms-Rainbow-Papers-Case-Law-Dismisses-Review-Petition-600x324.png)
Supreme Court Re-Affirms The Law Laid Down In The Case Of Rainbow Papers By Dismissing Review Petition
Introduction The recent judgment of the Supreme Court comes as a major drawback to lenders as the Court dismissed the Review Petitions filed by the Lenders seeking review of earlier judgment passed by the Court.
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