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...
ITAT ruled on multiple transfer pricing and tax-related issues. Key outcomes include: directing TPO to exclude certain comparables from transfer pricing analysis, allowing deduction of forex derivative mark-to-market losses, instructing AO to reexamine disallowances related to bad debts and business expenses, and confirming non-applicability of MAT provisions for banking institutions. The tribunal generally provided directives for reassessment, emphasizing compliance with legal precedents and granting opportunities for the assessee to substantiate claims. Most disputed items were remanded for fresh examination in accordance with established legal principles and Supreme Court interpretations.
ITAT ruled on multiple transfer pricing and tax-related issues. Key outcomes include: directing TPO to exclude certain comparables from transfer pricing analysis, allowing deduction of forex derivative mark-to-market losses, instructing AO to reexamine disallowances related to bad debts and business expenses, and confirming non-applicability of MAT provisions for banking institutions. The tribunal generally provided directives for reassessment, emphasizing compliance with legal precedents and granting opportunities for the assessee to substantiate claims. Most disputed items were remanded for fresh examination in accordance with established legal principles and Supreme Court interpretations.
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