Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
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Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The assessee, a company engaged in development/construction and sale of flats and plots, had classified its properties into four categories: flats open for sale, let-out flats, self-occupied flats, and flats under litigation. The Tribunal upheld the exclusion of let-out properties from Annual Lettable Value (ALV) calculation, following its earlier orders. For properties under litigation, the issue was restored to the Assessing Officer to examine evidence for non-inclusion of ALV. For self-occupied properties, the Tribunal upheld the CIT(A)'s decision to exclude ALV, as per Section 22 of the Act. Regarding windmill income, the Tribunal directed the Assessing Officer to allow deduction for expenses incurred during the first three months, corresponding to the income taxed for that period. The Tribunal upheld the CIT(A)'s findings on slump sale and revenue clause. On basement ALV, the Tribunal upheld the CIT(A)'s estimation of 50% ALV due to restricted usage. The issue of disallowance of employees' PF/ESI contribution was restored to the Assessing Officer for fresh adjudication. The Tribunal allowed the revenue's ground on addition u/s 43CA, as the assessee did not contest it.
The assessee, a company engaged in development/construction and sale of flats and plots, had classified its properties into four categories: flats open for sale, let-out flats, self-occupied flats, and flats under litigation. The Tribunal upheld the exclusion of let-out properties from Annual Lettable Value (ALV) calculation, following its earlier orders. For properties under litigation, the issue was restored to the Assessing Officer to examine evidence for non-inclusion of ALV. For self-occupied properties, the Tribunal upheld the CIT(A)'s decision to exclude ALV, as per Section 22 of the Act. Regarding windmill income, the Tribunal directed the Assessing Officer to allow deduction for expenses incurred during the first three months, corresponding to the income taxed for that period. The Tribunal upheld the CIT(A)'s findings on slump sale and revenue clause. On basement ALV, the Tribunal upheld the CIT(A)'s estimation of 50% ALV due to restricted usage. The issue of disallowance of employees' PF/ESI contribution was restored to the Assessing Officer for fresh adjudication. The Tribunal allowed the revenue's ground on addition u/s 43CA, as the assessee did not contest it.
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