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...
Computation of Long-Term Capital Gain derived from transfer of property - Indexed cost of improvement - The Tribunal observed that the bank's loan appraisal included the consideration for further construction, indicating the genuineness of the work order and agreement. However, the Tribunal emphasized the need for the assessee to provide additional evidence, such as relevant bank statements, to substantiate the payment made for further construction. The Tribunal set aside the AO's order and directed a reexamination of the claim of indexed cost of improvement based on the work order and agreement.
Computation of Long-Term Capital Gain derived from transfer of property - Indexed cost of improvement - The Tribunal observed that the bank's loan appraisal included the consideration for further construction, indicating the genuineness of the work order and agreement. However, the Tribunal emphasized the need for the assessee to provide additional evidence, such as relevant bank statements, to substantiate the payment made for further construction. The Tribunal set aside the AO's order and directed a reexamination of the claim of indexed cost of improvement based on the work order and agreement.
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