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...
Transfer pricing adjustment on quasi-equity transaction like non-convertible cumulative redeemable preference shares necessitates benchmarking cost with international LIBOR rates considering risk factors. Lease accounting principles differ for operating and finance leases; depreciation allowable on assets under finance lease. Employees' share option scheme expenses deductible subject to fulfillment of conditions. Disallowance u/s 14A restricted to investments yielding exempt income. Section 14A disallowance excluded from book profit computation u/s 115JB. Cash deposits during demonetization by authorized forex dealer requires substantiation. Depreciation allowable on property despite temporary letting if used for business. Indexation benefit available while computing book profit u/s 115JB.
Transfer pricing adjustment on quasi-equity transaction like non-convertible cumulative redeemable preference shares necessitates benchmarking cost with international LIBOR rates considering risk factors. Lease accounting principles differ for operating and finance leases; depreciation allowable on assets under finance lease. Employees' share option scheme expenses deductible subject to fulfillment of conditions. Disallowance u/s 14A restricted to investments yielding exempt income. Section 14A disallowance excluded from book profit computation u/s 115JB. Cash deposits during demonetization by authorized forex dealer requires substantiation. Depreciation allowable on property despite temporary letting if used for business. Indexation benefit available while computing book profit u/s 115JB.
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