Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
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HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
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