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...
Estimation of income - Bogus purchases - Second reopening assessment proceedings - The Tribunal affirms the decision of the CIT-A to delete the addition made under Section 69C. It emphasizes that the appellant's case had already been reopened and reassessed for alleged bogus purchases in earlier proceedings, wherein a net profit rate of 5.76% was determined and confirmed. Consequently, the Tribunal finds no justification for further additions.
Estimation of income - Bogus purchases - Second reopening assessment proceedings - The Tribunal affirms the decision of the CIT-A to delete the addition made under Section 69C. It emphasizes that the appellant's case had already been reopened and reassessed for alleged bogus purchases in earlier proceedings, wherein a net profit rate of 5.76% was determined and confirmed. Consequently, the Tribunal finds no justification for further additions.
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