Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income - Classification as Business Income vs. Other Income - Despite the assessee's assertion that the loans to employees were part of a business strategy to retain talent and the miscellaneous income arose from routine business activities, the ITAT found the Revenue's argument persuasive. Specifically, it highlighted that the income did not directly result from the assessee's primary business activities and that separate heads for interest income in the return of income necessitate its inclusion under "Other Income."
Characterization of receipts - Treatment of interest income from staff loans and advances, interest income from other loans and advances and miscellaneous income - Classification as Business Income vs. Other Income - Despite the assessee's assertion that the loans to employees were part of a business strategy to retain talent and the miscellaneous income arose from routine business activities, the ITAT found the Revenue's argument persuasive. Specifically, it highlighted that the income did not directly result from the assessee's primary business activities and that separate heads for interest income in the return of income necessitate its inclusion under "Other Income."
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