Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
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A credit cooperative society's interest on deposits or investments with cooperative banks was treated as business income attributable to its activity of accepting deposits and extending credit to members. The Tribunal held that deduction under section 80P(2)(a)(i) was available because the interest was not excluded merely due to its source, and the relevant Karnataka High Court precedents supported the assessee on closely similar facts. Where conflicting High Court decisions were cited, the Tribunal followed the view with facts closer to the present case and directed allowance of the deduction on the interest income.
A credit cooperative society's interest on deposits or investments with cooperative banks was treated as business income attributable to its activity of accepting deposits and extending credit to members. The Tribunal held that deduction under section 80P(2)(a)(i) was available because the interest was not excluded merely due to its source, and the relevant Karnataka High Court precedents supported the assessee on closely similar facts. Where conflicting High Court decisions were cited, the Tribunal followed the view with facts closer to the present case and directed allowance of the deduction on the interest income.
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