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...
Disallowance u/s 40(a)(i) as assessee not deducted TDS - The Tribunal agreed with the assessee's argument that there was no failure to deduct TDS, as the amounts payable to financial institutions were nil. - ITAT accepted the justification provided by the assessee concerning the percentage completion method as per Accounting Standard AS-7. - Moreover, it accepted the contention that the interest paid was cumulative and claimed as expenditure upon project completion. As a result, the disallowance under section 40(a)(ia) was deemed unwarranted.
Disallowance u/s 40(a)(i) as assessee not deducted TDS - The Tribunal agreed with the assessee's argument that there was no failure to deduct TDS, as the amounts payable to financial institutions were nil. - ITAT accepted the justification provided by the assessee concerning the percentage completion method as per Accounting Standard AS-7. - Moreover, it accepted the contention that the interest paid was cumulative and claimed as expenditure upon project completion. As a result, the disallowance under section 40(a)(ia) was deemed unwarranted.
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