Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Confiscation of goods - levy of penalty - presence of additional stock - The High Court scrutinized statutory provisions, emphasizing that confiscation cannot be solely based on eye estimation and must adhere to prescribed valuation methods. It criticized the delay in legal proceedings and the lack of physical verification before imposing penalties. Ultimately, the Court ruled in favor of the petitioners, quashing the impugned orders and directing the return of any deposited amounts.
Confiscation of goods - levy of penalty - presence of additional stock - The High Court scrutinized statutory provisions, emphasizing that confiscation cannot be solely based on eye estimation and must adhere to prescribed valuation methods. It criticized the delay in legal proceedings and the lack of physical verification before imposing penalties. Ultimately, the Court ruled in favor of the petitioners, quashing the impugned orders and directing the return of any deposited amounts.
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