Clubbing of income from gifted property failed where the claim surfaced after reassessment limitation, sustaining capital-gains assessment in spouse's...
Employee stock-option discount qualifies as revenue expenditure, while royalty and service comparables require reliable functional and transactional b...
Special insurance income computation preserves statutory deductions while limiting transfer-pricing, withholding and disallowance adjustments for gene...
The Appellate Tribunal's jurisdiction is excluded only for appellate orders concerning baggage, specified goods loaded for import but not unloaded, or drawback. Confiscation of Indian currency, mobile phones and a domestically registered car, coupled with a smuggling-related penalty, did not fall within those excluded categories because the items were neither imported nor exported and the car was not loaded with gold when seized. The prescribed remedy was therefore an appeal to the Appellate Tribunal, not a revision application. The writ petition was dismissed, with liberty to file the appeal within thirty days; it must be decided on merits without reference to limitation.
The Appellate Tribunal's jurisdiction is excluded only for appellate orders concerning baggage, specified goods loaded for import but not unloaded, or drawback. Confiscation of Indian currency, mobile phones and a domestically registered car, coupled with a smuggling-related penalty, did not fall within those excluded categories because the items were neither imported nor exported and the car was not loaded with gold when seized. The prescribed remedy was therefore an appeal to the Appellate Tribunal, not a revision application. The writ petition was dismissed, with liberty to file the appeal within thirty days; it must be decided on merits without reference to limitation.
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TaxTMI 
TaxTMI 
of 4902 
