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 partially allowed assessee's appeal for AY 2010-11. The tribunal directed the AO to: (1) restrict disallowance under Section 14A to exempt income earned, (2) recompute relief under Sections 10A/10AA consequent to disallowance, (3) uphold disallowance for software AMC payments from Germany and Austria, (4) allow set-off of losses incurred by units under Section 10AA against taxable profits, (5) grant 60% depreciation on computer software, and (6) delete addition of unrealized gains on unsold mutual fund units. The CIT(A)'s order was largely upheld, with specific directions for computational adjustments in the assessment.
ITAT partially allowed assessee's appeal for AY 2010-11. The tribunal directed the AO to: (1) restrict disallowance under Section 14A to exempt income earned, (2) recompute relief under Sections 10A/10AA consequent to disallowance, (3) uphold disallowance for software AMC payments from Germany and Austria, (4) allow set-off of losses incurred by units under Section 10AA against taxable profits, (5) grant 60% depreciation on computer software, and (6) delete addition of unrealized gains on unsold mutual fund units. The CIT(A)'s order was largely upheld, with specific directions for computational adjustments in the assessment.
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