Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Customs orders relating to baggage fall outside the Tribunal's appellate jurisdiction. Where gold is brought into India as baggage and confiscated at the airport, an appeal against the Commissioner (Appeals) order must be pursued by statutory revision before the Government of India's Revisionary Authority. The Tribunal therefore treated the appeal as not maintainable and permitted the appellant to approach the Revisionary Authority, directing sympathetic consideration of delay incurred in pursuing the Tribunal appeal.
Customs orders relating to baggage fall outside the Tribunal's appellate jurisdiction. Where gold is brought into India as baggage and confiscated at the airport, an appeal against the Commissioner (Appeals) order must be pursued by statutory revision before the Government of India's Revisionary Authority. The Tribunal therefore treated the appeal as not maintainable and permitted the appellant to approach the Revisionary Authority, directing sympathetic consideration of delay incurred in pursuing the Tribunal appeal.
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