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 allowed the appeal and directed the AO to compute surcharge at 15% on tax (not on tax-plus-surcharge) applicable to the assessee's income, rejecting the AO's imposition of 37%; the Tribunal held that "slab" references income, MMR refers to the highest income slab under the Finance Act, and surcharge rates derive from the Finance Act rather than sections 164/167B/2(29C) alone. The assessee, an AOP with total income exceeding Rs.5 crore (including dividend income) under the new tax regime, satisfies Finance Act conditions for 15% surcharge; consequential relief was ordered in favour of the assessee.
ITAT allowed the appeal and directed the AO to compute surcharge at 15% on tax (not on tax-plus-surcharge) applicable to the assessee's income, rejecting the AO's imposition of 37%; the Tribunal held that "slab" references income, MMR refers to the highest income slab under the Finance Act, and surcharge rates derive from the Finance Act rather than sections 164/167B/2(29C) alone. The assessee, an AOP with total income exceeding Rs.5 crore (including dividend income) under the new tax regime, satisfies Finance Act conditions for 15% surcharge; consequential relief was ordered in favour of the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
