Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Penalty imposed u/s 112a(ii) of Customs Act for smuggling through mis-declaration and undervaluation. Extent of duty evasion uncertain but forensic evidence established undervaluation scale for past and current imports, benefiting importers and defrauding government dues. Appellants failed to justify penalty waiver. Digital mapping and forensic examination exposed racket. Considering facts, appellants' failure to discharge obligations, filing Bill of Entry based on unsigned invoices, penalty of Rs.4 lakh on company and Rs.1 lakh on individual upheld u/s 112(ii). Appeal disposed.
Penalty imposed u/s 112a(ii) of Customs Act for smuggling through mis-declaration and undervaluation. Extent of duty evasion uncertain but forensic evidence established undervaluation scale for past and current imports, benefiting importers and defrauding government dues. Appellants failed to justify penalty waiver. Digital mapping and forensic examination exposed racket. Considering facts, appellants' failure to discharge obligations, filing Bill of Entry based on unsigned invoices, penalty of Rs.4 lakh on company and Rs.1 lakh on individual upheld u/s 112(ii). Appeal disposed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
