Strict construction of customs exemptions denied concession for brake components, while limitation restricted differential duty to timely Bills of Ent...
Way Leave Permissions cannot be retrospectively revived through insolvency plans, and affected infrastructure holders require safety review and hearin...
Inter-terminal container movement requires customs escort, permit reconciliation, and indemnity, while delayed DPD cargo may move to designated CFS ya...
Cash deposits made during the demonetization period in bank accounts accepted as receiving business turnover cannot be selectively treated as unexplained money solely because of their timing. The deeming fiction applies only where the Revenue establishes its statutory conditions, including material linking deposits to an independent undisclosed source. Where deposits show no abnormality or disproportionality against admitted business, gross receipts cannot be assessed entirely as unexplained money; only the profit embedded in turnover is assessable. The separate addition for such deposits was deleted, while the determined business income remained undisturbed.
Cash deposits made during the demonetization period in bank accounts accepted as receiving business turnover cannot be selectively treated as unexplained money solely because of their timing. The deeming fiction applies only where the Revenue establishes its statutory conditions, including material linking deposits to an independent undisclosed source. Where deposits show no abnormality or disproportionality against admitted business, gross receipts cannot be assessed entirely as unexplained money; only the profit embedded in turnover is assessable. The separate addition for such deposits was deleted, while the determined business income remained undisturbed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
