Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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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.
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