Strict construction of customs exemptions denied concession for brake components, while limitation restricted differential duty to timely Bills of Ent...
Way Leave Permissions cannot be retrospectively revived through insolvency plans, and affected infrastructure holders require safety review and hearin...
Inter-terminal container movement requires customs escort, permit reconciliation, and indemnity, while delayed DPD cargo may move to designated CFS ya...
The ITAT, an Appellate Tribunal, addressed the issue of denial of exemption u/s 11 due to a violation u/s 13(1)(c)(ii) involving an interest-free advance to a 'specified person' u/s 13(3). The assessee had made an advance to Divine Real Build Pvt. Ltd. for a land purchase agreement, intending to increase FAR with DDA. The AO found the land to be agricultural with no construction permission. The AR argued that crucial documents supporting the assessee's intentions were not available earlier. The ITAT allowed admission of these documents for fair adjudication, remitting the issue back to the AO for fresh consideration in both assessment years. The assessee's appeal was partly allowed for statistical purposes.
The ITAT, an Appellate Tribunal, addressed the issue of denial of exemption u/s 11 due to a violation u/s 13(1)(c)(ii) involving an interest-free advance to a 'specified person' u/s 13(3). The assessee had made an advance to Divine Real Build Pvt. Ltd. for a land purchase agreement, intending to increase FAR with DDA. The AO found the land to be agricultural with no construction permission. The AR argued that crucial documents supporting the assessee's intentions were not available earlier. The ITAT allowed admission of these documents for fair adjudication, remitting the issue back to the AO for fresh consideration in both assessment years. The assessee's appeal was partly allowed for statistical purposes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
