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 adjudicated multiple issues involving tax assessment for the assessee. Key determinations included: (1) upholding addition under Section 69C for undisclosed project expenditure based on matching accounting figures, (2) disallowing depreciation on gym equipment not installed at business premises, (3) accepting cancellation of property sale agreement and refund of advance, (4) allowing rent expenses for business premises despite procedural oversight, (5) validating foreign travel expenses for legitimate business purpose of marble procurement, and (6) deleting deemed profit additions and advance receipt additions due to lack of substantive evidence. Overall, most grounds were decided either partially or fully in favor of the assessee, with the tribunal emphasizing substantive compliance over procedural technicalities.
The ITAT adjudicated multiple issues involving tax assessment for the assessee. Key determinations included: (1) upholding addition under Section 69C for undisclosed project expenditure based on matching accounting figures, (2) disallowing depreciation on gym equipment not installed at business premises, (3) accepting cancellation of property sale agreement and refund of advance, (4) allowing rent expenses for business premises despite procedural oversight, (5) validating foreign travel expenses for legitimate business purpose of marble procurement, and (6) deleting deemed profit additions and advance receipt additions due to lack of substantive evidence. Overall, most grounds were decided either partially or fully in favor of the assessee, with the tribunal emphasizing substantive compliance over procedural technicalities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
