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...
Claim for deduction under Section 80-IA is rejected by Revenue because agreement was with a corporate and the fuel farm lay outside airport premises; court finds the agreement was with a statutory airport authority and that the fuel farm is an integral component of airport operations, so the requisite conditions for the 80-IA benefit are satisfied and the deduction is allowable. On interest deductibility under Section 36(1)(iii) for hedge (swap) transactions, the Tribunal's application of the controlling Supreme Court precedent supports allowance of the interest expense, and Revenue does not contest that applicability.
Claim for deduction under Section 80-IA is rejected by Revenue because agreement was with a corporate and the fuel farm lay outside airport premises; court finds the agreement was with a statutory airport authority and that the fuel farm is an integral component of airport operations, so the requisite conditions for the 80-IA benefit are satisfied and the deduction is allowable. On interest deductibility under Section 36(1)(iii) for hedge (swap) transactions, the Tribunal's application of the controlling Supreme Court precedent supports allowance of the interest expense, and Revenue does not contest that applicability.
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