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...
Assessee entitled to deduction u/s 80P(2)(a)(i) on income attributable to regular members as per Mavilayi Service Cooperative Bank Ltd. case. AO to examine bye-laws regarding classification of members, their rights, and profit sharing. Deduction u/s 80P(2)(d) on interest from cooperative banks disallowed if payer qualifies as cooperative bank under KSCARDB case. Expenditure u/s 57 towards earning interest income allowed after determining cost of funds as per Totgars' Cooperative Sales Society Ltd. and West Coast Paper Mill Employees Souharda Credit Co-op. Ltd. cases. Issues remanded to AO for verification. Appeal partly allowed for statistical purposes.
Assessee entitled to deduction u/s 80P(2)(a)(i) on income attributable to regular members as per Mavilayi Service Cooperative Bank Ltd. case. AO to examine bye-laws regarding classification of members, their rights, and profit sharing. Deduction u/s 80P(2)(d) on interest from cooperative banks disallowed if payer qualifies as cooperative bank under KSCARDB case. Expenditure u/s 57 towards earning interest income allowed after determining cost of funds as per Totgars' Cooperative Sales Society Ltd. and West Coast Paper Mill Employees Souharda Credit Co-op. Ltd. cases. Issues remanded to AO for verification. Appeal partly allowed for statistical purposes.
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