Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Additions based only on an impounded diary and survey disclosure were deleted because the Assessing Officer had no corroborative material, and the concluded land transaction made the alleged later cash payment improbable; the retraction was accepted and no substantial question of law arose. On the separate issue of unexplained investment, cash receipts recorded in the same diary were telescoped against the investment already offered to tax, preventing double taxation; this too was treated as a factual finding with no substantial question of law. The Revenue's challenges therefore failed and its appeals were dismissed.
Additions based only on an impounded diary and survey disclosure were deleted because the Assessing Officer had no corroborative material, and the concluded land transaction made the alleged later cash payment improbable; the retraction was accepted and no substantial question of law arose. On the separate issue of unexplained investment, cash receipts recorded in the same diary were telescoped against the investment already offered to tax, preventing double taxation; this too was treated as a factual finding with no substantial question of law. The Revenue's challenges therefore failed and its appeals were dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
