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 company successfully proved genuineness of share capital and share premium received from various private limited companies. Creditworthiness and identity of share applicants established. Book value per share higher than share premium charged. Source of share application money already taxed in hands of share applicants, hence no justification for invoking Sec. 68. ITAT ruled in favor of assessee relying on Mahaveer Kumar Jain [2018 (4) TMI 1078 - SC] to avoid double taxation.
Assessee company successfully proved genuineness of share capital and share premium received from various private limited companies. Creditworthiness and identity of share applicants established. Book value per share higher than share premium charged. Source of share application money already taxed in hands of share applicants, hence no justification for invoking Sec. 68. ITAT ruled in favor of assessee relying on Mahaveer Kumar Jain [2018 (4) TMI 1078 - SC] to avoid double taxation.
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