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...
The Appellate Tribunal interpreted the term "business of construction" u/s 115WE(3) r.w.s 115WG to determine fringe benefit tax value. The issue was whether ship building falls under "construction" and if the assessee correctly admitted 5% fringe benefits on conveyance, tour & travel instead of 20% by Revenue. Tribunal held ship building is construction, citing Circular No.8/2005. English language meaning supports ship building as construction. Assessee engaged in ship construction qualifies for 5% fringe benefit tax rate u/s 115WC(2)(b), not 20% by Revenue. Addition by AO deleted, all grounds allowed.
The Appellate Tribunal interpreted the term "business of construction" u/s 115WE(3) r.w.s 115WG to determine fringe benefit tax value. The issue was whether ship building falls under "construction" and if the assessee correctly admitted 5% fringe benefits on conveyance, tour & travel instead of 20% by Revenue. Tribunal held ship building is construction, citing Circular No.8/2005. English language meaning supports ship building as construction. Assessee engaged in ship construction qualifies for 5% fringe benefit tax rate u/s 115WC(2)(b), not 20% by Revenue. Addition by AO deleted, all grounds allowed.
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