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(2)(d) was allowed for interest income earned by the assessee from fixed deposits and savings accounts with Ahmedabad District Co-operative Bank Limited, a registered cooperative society. However, the Assessing Officer was directed to verify if the entity is a cooperative bank duly registered under the relevant Act. Interest income received from a savings account with Axis Bank, a non-cooperative bank, was held not deductible u/s 80P(2)(d) based on Supreme Court's decision in Totgar's case and ITAT's decision in Sardar Patel Co-operative Credit Society Limited's case. The assessee's appeal was partly allowed.
Deduction u/s 80P(2)(d) was allowed for interest income earned by the assessee from fixed deposits and savings accounts with Ahmedabad District Co-operative Bank Limited, a registered cooperative society. However, the Assessing Officer was directed to verify if the entity is a cooperative bank duly registered under the relevant Act. Interest income received from a savings account with Axis Bank, a non-cooperative bank, was held not deductible u/s 80P(2)(d) based on Supreme Court's decision in Totgar's case and ITAT's decision in Sardar Patel Co-operative Credit Society Limited's case. The assessee's appeal was partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
