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...
Section 153C applies equally to all non-searched entities, without creating a separate regime where the AO of the searched and non-searched entity are the same. The First Proviso to Section 153C(1) regulates the date from which the six-year period or the "relevant assessment year" for the non-searched entity is reckoned. The material unearthed during the search must be independently evaluated to determine if it impacts the total income of the non-searched person. The satisfaction arrived at u/s 153C is the cornerstone for initiating proceedings. The physical transmission of documents is merely a step to enable the AO to examine whether an assessment u/s 153C is liable to be initiated. In cases with a common AO, the commencement point would be the date when the AO forms satisfaction regarding the non-searched entity, even without an actual exchange of material between separate authorities.
Section 153C applies equally to all non-searched entities, without creating a separate regime where the AO of the searched and non-searched entity are the same. The First Proviso to Section 153C(1) regulates the date from which the six-year period or the "relevant assessment year" for the non-searched entity is reckoned. The material unearthed during the search must be independently evaluated to determine if it impacts the total income of the non-searched person. The satisfaction arrived at u/s 153C is the cornerstone for initiating proceedings. The physical transmission of documents is merely a step to enable the AO to examine whether an assessment u/s 153C is liable to be initiated. In cases with a common AO, the commencement point would be the date when the AO forms satisfaction regarding the non-searched entity, even without an actual exchange of material between separate authorities.
Note: It is a system-generated summary and is for quick reference only.
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