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...
TP Adjustment - The main contention was whether forex losses should be considered as non-operating or operating for the purpose of computing the Profit Level Indicator (PLI). The taxpayers argued that such losses are non-operating, supported by the Safe Harbor Rules and previous judicial decisions. However, the tribunal, aligning with the CIT(A) and TPO, concluded that forex losses related to business activities should be considered operating.
TP Adjustment - The main contention was whether forex losses should be considered as non-operating or operating for the purpose of computing the Profit Level Indicator (PLI). The taxpayers argued that such losses are non-operating, supported by the Safe Harbor Rules and previous judicial decisions. However, the tribunal, aligning with the CIT(A) and TPO, concluded that forex losses related to business activities should be considered operating.
Note: It is a system-generated summary and is for quick reference only.
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