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 ITAT denied deduction under Sec. 80P(2)(a)(i) to a cooperative society acting as a cooperative bank. However, citing precedents, it allowed deduction for interest income on surplus funds parked as deposits. The ITAT directed the AO to allow the deduction. Regarding paddy procurement business, the ITAT found the restriction of deduction under Sec. 80P(2)(a)(iii) unjustified due to new evidence. The matter was remanded for fresh adjudication based on the extent of facilitation provided to non-members. The ITAT allowed deduction for dividend income on shares of a cooperative bank under Sec. 80P(2)(d), aligning with previous rulings.
The ITAT denied deduction under Sec. 80P(2)(a)(i) to a cooperative society acting as a cooperative bank. However, citing precedents, it allowed deduction for interest income on surplus funds parked as deposits. The ITAT directed the AO to allow the deduction. Regarding paddy procurement business, the ITAT found the restriction of deduction under Sec. 80P(2)(a)(iii) unjustified due to new evidence. The matter was remanded for fresh adjudication based on the extent of facilitation provided to non-members. The ITAT allowed deduction for dividend income on shares of a cooperative bank under Sec. 80P(2)(d), aligning with previous rulings.
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