Judicial review of settlement orders cannot reopen settled customs notices, while statutory interest remains subject to verification and quantificatio...
Customs Broker licence lending for consideration justified revocation where exporter authorisation and client verification obligations were also breac...
Fraudulent import documents suspend limitation protection, while redemption of confiscated goods requires duty and interest despite bona fide purchase...
ODR arbitration participation remains mandatory after failed conciliation, while jurisdictional and maintainability objections stay available before t...
Transparency in technical bid evaluation requires disclosed standards and recorded reasons; opaque scoring invalidated tender awards and required fres...
Automated export obligation extensions remove separate regional applications after committee approval for Advance Authorisation and EPCG authorisation...
International cargo transhipment through Indian ports continues with Customs-controlled storage, re-export safeguards, and coordinated multi-station m...
The Tribunal applied the real income principle and held that gross interest was not taxable in the assessee's hands because he merely facilitated funding, the lenders advanced money directly to the company, and interest was paid directly by the company to those lenders. The addition on that component was deleted. On the TDS credit claim, the Tribunal held that once credit was claimed in the assessee's name, he had to prove with documentary evidence that the corresponding benefit had been passed on to the actual lenders. As no bank trail, reconciliation, or other proof was produced, the TDS-related amount remained unexplained and the addition was sustained to that extent.
The Tribunal applied the real income principle and held that gross interest was not taxable in the assessee's hands because he merely facilitated funding, the lenders advanced money directly to the company, and interest was paid directly by the company to those lenders. The addition on that component was deleted. On the TDS credit claim, the Tribunal held that once credit was claimed in the assessee's name, he had to prove with documentary evidence that the corresponding benefit had been passed on to the actual lenders. As no bank trail, reconciliation, or other proof was produced, the TDS-related amount remained unexplained and the addition was sustained to that extent.
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