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...
Revision u/s 263 - Bogus LTCG/Share transaction - as per CIT AO failed to make necessary enquiries to ascertain the actual strength of the company, investment profile of the assessee - The Tribunal upheld the jurisdiction of the PCIT under section 263, emphasizing the lack of adequate examination of facts in the AO's assessment order. It concurred with the PCIT's finding that the AO failed to conduct necessary inquiries, leading to an erroneous assessment order. However, the Tribunal dismissed the allegation of violation of principles of natural justice, noting that the assessee was provided with opportunities to be heard.
Revision u/s 263 - Bogus LTCG/Share transaction - as per CIT AO failed to make necessary enquiries to ascertain the actual strength of the company, investment profile of the assessee - The Tribunal upheld the jurisdiction of the PCIT under section 263, emphasizing the lack of adequate examination of facts in the AO's assessment order. It concurred with the PCIT's finding that the AO failed to conduct necessary inquiries, leading to an erroneous assessment order. However, the Tribunal dismissed the allegation of violation of principles of natural justice, noting that the assessee was provided with opportunities to be heard.
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