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's contention upheld that for AY 2019-20, profit is required to be set off against business loss of AY 2018-19 and remaining profit against brought forward unabsorbed depreciation from AY 2013-14 to AY 2018-19, resulting in no taxable income. Reopening u/s 263(1) merely for inquiries futile as carry forward of depreciation no longer debatable after Supreme Court ruling. Revision order u/s 263 quashed. Assessee's appeal allowed.
Assessee's contention upheld that for AY 2019-20, profit is required to be set off against business loss of AY 2018-19 and remaining profit against brought forward unabsorbed depreciation from AY 2013-14 to AY 2018-19, resulting in no taxable income. Reopening u/s 263(1) merely for inquiries futile as carry forward of depreciation no longer debatable after Supreme Court ruling. Revision order u/s 263 quashed. Assessee's appeal allowed.
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