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...
The HC quashed the reopening of assessment under section 147, finding that the tax authorities recorded reasons without examining the assessee's records or addressing objections. Regarding wage revision provisions under section 115JB, the Court noted that CIT(A) had already deleted this addition with the AO's concurrence before reopening was initiated. On interest on non-performing investments, the Court held that banking companies are governed by Banking Regulation Act, not Schedule III of Companies Act, 2013. Concerning deductions under section 36(1)(viia), the Court found this issue was previously examined during original assessment proceedings. The Court concluded the reopening constituted an impermissible review based on change of opinion, and the order disposing of objections lacked proper reasoning.
The HC quashed the reopening of assessment under section 147, finding that the tax authorities recorded reasons without examining the assessee's records or addressing objections. Regarding wage revision provisions under section 115JB, the Court noted that CIT(A) had already deleted this addition with the AO's concurrence before reopening was initiated. On interest on non-performing investments, the Court held that banking companies are governed by Banking Regulation Act, not Schedule III of Companies Act, 2013. Concerning deductions under section 36(1)(viia), the Court found this issue was previously examined during original assessment proceedings. The Court concluded the reopening constituted an impermissible review based on change of opinion, and the order disposing of objections lacked proper reasoning.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
