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...
Bogus LTCG - exemption u/s 10(38) denied - The AO contended that the LTCG was undisclosed income arising from alleged manipulation in penny stocks. However, the assessee provided substantial evidence, including contract notes and transaction statements, to support the genuine nature of the investment. Relying on established precedents and the evidence presented, the Tribunal upheld the assessee's claim, thus deleting the LTCG addition. Consequently, as the commission disallowance was contingent upon the LTCG addition, it was also revoked by the Tribunal.
Bogus LTCG - exemption u/s 10(38) denied - The AO contended that the LTCG was undisclosed income arising from alleged manipulation in penny stocks. However, the assessee provided substantial evidence, including contract notes and transaction statements, to support the genuine nature of the investment. Relying on established precedents and the evidence presented, the Tribunal upheld the assessee's claim, thus deleting the LTCG addition. Consequently, as the commission disallowance was contingent upon the LTCG addition, it was also revoked by the Tribunal.
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