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...
Penalty proceedings u/s 271(1)(c) - Assessee company failed to provide bonafide explanation for inflated expenses claimed in revised return, contrary to audited financials. Disallowance falls under Explanation 1 r.w. Explanation 4 of Section 271(1)(c). Assessee cannot correct claim through letter, must file revised return as per Goetze (India) Ltd. Mere disclosure in forms/reports doesn't preclude penalty for wrongful claim. Penalty rightly imposed for inflated expenses in revised return. Penalty u/s 271(1)(c) not attracted for delayed deposit of employees' contribution, allowable based on prevailing judgments favoring assessee. Penalty u/s 270A - Misreporting not established for delayed contribution, assessee's claim supported by Alom Extrusions. Penalty u/s 270A vacated. No penalty for increase in book profit disclosed in revised return and determined by AO u/s 144.
Penalty proceedings u/s 271(1)(c) - Assessee company failed to provide bonafide explanation for inflated expenses claimed in revised return, contrary to audited financials. Disallowance falls under Explanation 1 r.w. Explanation 4 of Section 271(1)(c). Assessee cannot correct claim through letter, must file revised return as per Goetze (India) Ltd. Mere disclosure in forms/reports doesn't preclude penalty for wrongful claim. Penalty rightly imposed for inflated expenses in revised return. Penalty u/s 271(1)(c) not attracted for delayed deposit of employees' contribution, allowable based on prevailing judgments favoring assessee. Penalty u/s 270A - Misreporting not established for delayed contribution, assessee's claim supported by Alom Extrusions. Penalty u/s 270A vacated. No penalty for increase in book profit disclosed in revised return and determined by AO u/s 144.
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