Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Disallowance u/s 40A(3) - cash payments made by the assessee above ₹ 20,000/- in a single day - when old ornaments are sold in dire need then why an unknown person (customer) will keep his money with the assessee, as the assessee makes payment in cash to the same customer on next day, (against the old ornaments purchased by the assessee). Further, it is beyond imagination that so many persons will behave in this manner on so many different dates - The payments was made beyond the limit prescribed u/s 40A(3) of the Act and the assessee's case are not covered in the exceptions mentioned under rule 6DD of the Income Tax Rules. - Additions confirmed - AT
Disallowance u/s 40A(3) - cash payments made by the assessee above ₹ 20,000/- in a single day - when old ornaments are sold in dire need then why an unknown person (customer) will keep his money with the assessee, as the assessee makes payment in cash to the same customer on next day, (against the old ornaments purchased by the assessee). Further, it is beyond imagination that so many persons will behave in this manner on so many different dates - The payments was made beyond the limit prescribed u/s 40A(3) of the Act and the assessee's case are not covered in the exceptions mentioned under rule 6DD of the Income Tax Rules. - Additions confirmed - AT
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