Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Addition in respect of foreign buyer’s agency commission which is deducted at source from the invoice amount, by the importer at the time of making the payment - The assessee has forgone a part of the invoice amount - There is no reason to come to the conclusion that it is a case of under-invoicing to the extent of commission amount. - No addition - AT
Addition in respect of foreign buyer’s agency commission which is deducted at source from the invoice amount, by the importer at the time of making the payment - The assessee has forgone a part of the invoice amount - There is no reason to come to the conclusion that it is a case of under-invoicing to the extent of commission amount. - No addition - AT
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