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...
Gynecologist with income from profession and investments deposited demonetized currency notes in bank account. Onus on assessee to prove source. HELD: During demonetization, assessee had no option but to deposit cash on hand in bank. Source of cash duly explained and supported by cogent evidence. Mere suspicion cannot replace legal proof. Money deposited from professional income, supported by entries in books and patient register. No defects observed in records. Income not abnormally higher than previous year. Cash deposited cannot be considered unexplained merely due to demonetization. Revenue failed to prove any other source of income. Addition made by Assessing Officer and upheld by CIT(A) directed to be deleted. Decided in favor of assessee.
Gynecologist with income from profession and investments deposited demonetized currency notes in bank account. Onus on assessee to prove source. HELD: During demonetization, assessee had no option but to deposit cash on hand in bank. Source of cash duly explained and supported by cogent evidence. Mere suspicion cannot replace legal proof. Money deposited from professional income, supported by entries in books and patient register. No defects observed in records. Income not abnormally higher than previous year. Cash deposited cannot be considered unexplained merely due to demonetization. Revenue failed to prove any other source of income. Addition made by Assessing Officer and upheld by CIT(A) directed to be deleted. Decided in favor of assessee.
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