Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Characterization of income - Determine the nature of interest income earned - mere fact that the deposits were linked with projects would not alter the character of the income after the business has been set-up - The terms of the project may require the assessee to make fixed deposits but the same could not alter the Tax treatment of the interest income so earned by the assessee. - it was pure and simple interest on deposits which had to be considered as ‘income from other sources’ only. - AT
Characterization of income - Determine the nature of interest income earned - mere fact that the deposits were linked with projects would not alter the character of the income after the business has been set-up - The terms of the project may require the assessee to make fixed deposits but the same could not alter the Tax treatment of the interest income so earned by the assessee. - it was pure and simple interest on deposits which had to be considered as ‘income from other sources’ only. - AT
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