Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
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Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Mere disallowance of expenses u/s 40A(3) would not invite penalty for concealing or furnishing inaccurate particulars of income. Assessee disclosed all particulars relating to payments in violation of Section 40A(3) in Tax Audit Report filed with return. Assessee harboured bona fide belief that payments fell under exceptions in Rule 6DD. Revenue did not dispute explanation furnished by assessee. There was no concealment of particulars of income relating to Section 40A(3) payments. Disallowing loading and unloading expenses was mere ad-hoc disallowance, not based on finding of bogus expenses claimed. Expenses were not fully verifiable due to nature of payments made to small workers in cash on self-made vouchers. Such ad-hoc disallowances do not attract penalty. Penalty u/s 271(1)(c) cannot be levied on assessee.
Mere disallowance of expenses u/s 40A(3) would not invite penalty for concealing or furnishing inaccurate particulars of income. Assessee disclosed all particulars relating to payments in violation of Section 40A(3) in Tax Audit Report filed with return. Assessee harboured bona fide belief that payments fell under exceptions in Rule 6DD. Revenue did not dispute explanation furnished by assessee. There was no concealment of particulars of income relating to Section 40A(3) payments. Disallowing loading and unloading expenses was mere ad-hoc disallowance, not based on finding of bogus expenses claimed. Expenses were not fully verifiable due to nature of payments made to small workers in cash on self-made vouchers. Such ad-hoc disallowances do not attract penalty. Penalty u/s 271(1)(c) cannot be levied on assessee.
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