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 allowed the assessee's appeal, directing the AO to grant MAT credit under section 115JAA against normal tax liability. The tribunal held that the assessee is entitled to set off accumulated MAT credits to the extent of the excess normal tax liability over MAT liability, with any remaining credit to be carried forward and adjusted in subsequent years as per law. The CIT(A)'s denial of MAT credit was found to lack legal basis. Consequently, the assessee's claim for relief through MAT credit was upheld in full.
The ITAT allowed the assessee's appeal, directing the AO to grant MAT credit under section 115JAA against normal tax liability. The tribunal held that the assessee is entitled to set off accumulated MAT credits to the extent of the excess normal tax liability over MAT liability, with any remaining credit to be carried forward and adjusted in subsequent years as per law. The CIT(A)'s denial of MAT credit was found to lack legal basis. Consequently, the assessee's claim for relief through MAT credit was upheld in full.
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