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...
The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
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