Faceless assessment safeguards require requested personal hearings and adequate final show-cause response time, failing which reassessment is required...
Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
The HC admitted the appeal and directed that, as a condition precedent to re-export, the redemption fine of Rs.1.10 Crores deposited with the Prothonotary and Senior Master shall remain invested in a fixed deposit in a nationalised bank until further order in the Customs Appeal; it is recorded that the impugned goods (old/used electronic components) have been re-exported and the fine has been deposited. The Court observed lack of authority to act against goods situated within the SEZ without regard to the SEZ notification, and expedited hearing of the appeal. The digitally signed order may be acted upon upon production by fax or email.
The HC admitted the appeal and directed that, as a condition precedent to re-export, the redemption fine of Rs.1.10 Crores deposited with the Prothonotary and Senior Master shall remain invested in a fixed deposit in a nationalised bank until further order in the Customs Appeal; it is recorded that the impugned goods (old/used electronic components) have been re-exported and the fine has been deposited. The Court observed lack of authority to act against goods situated within the SEZ without regard to the SEZ notification, and expedited hearing of the appeal. The digitally signed order may be acted upon upon production by fax or email.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
