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...
Deduction u/s 80P - deduction of income earned as interest/dividend from co-operative bank is allowable. Section 80P(2)(d) reflects that if income by way of interest or dividend is derived by the Co-operative Society from its investment with any other Co-operative Society, the whole of such income shall be deducted in computing the total income. Income by way of interest or dividend earned from investment with any other Co-operative Society, including Co-operative Banks, is deductible in computing the total income. Coordinate Benches of the Tribunal have allowed deduction for interest/dividend income earned from Co-operative Banks u/s 80P(2)(d). The Assessing Officer is directed to allow deduction for interest earned from Co-operative Banks, subject to verification.
Deduction u/s 80P - deduction of income earned as interest/dividend from co-operative bank is allowable. Section 80P(2)(d) reflects that if income by way of interest or dividend is derived by the Co-operative Society from its investment with any other Co-operative Society, the whole of such income shall be deducted in computing the total income. Income by way of interest or dividend earned from investment with any other Co-operative Society, including Co-operative Banks, is deductible in computing the total income. Coordinate Benches of the Tribunal have allowed deduction for interest/dividend income earned from Co-operative Banks u/s 80P(2)(d). The Assessing Officer is directed to allow deduction for interest earned from Co-operative Banks, subject to verification.
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