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 ITAT addressed TDS liability on year-end provisions, finding no short deduction under section 201 for excess provisions not paid to vendors. The tribunal held that interest under section 201(1A) cannot be levied on unpaid excess provisions. For actual payments made in the subsequent year, TDS liability is determined on the actual amount paid (Rs. 24,76,17,968/-), with interest calculated from the year-end provision date (31.03.2015) to the date of actual payment. Following precedent in a similar case, the tribunal deleted the interest on unpaid excess provisions and restricted TDS liability to the actual amount disbursed.
The ITAT addressed TDS liability on year-end provisions, finding no short deduction under section 201 for excess provisions not paid to vendors. The tribunal held that interest under section 201(1A) cannot be levied on unpaid excess provisions. For actual payments made in the subsequent year, TDS liability is determined on the actual amount paid (Rs. 24,76,17,968/-), with interest calculated from the year-end provision date (31.03.2015) to the date of actual payment. Following precedent in a similar case, the tribunal deleted the interest on unpaid excess provisions and restricted TDS liability to the actual amount disbursed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
