Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
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The case involved a dispute over the determination of agricultural income, focusing on the variance between admitted and net agricultural income. The Assessing Officer (AO) added an amount u/s 69 due to the difference in agricultural income reported. The case underwent limited scrutiny to verify the income source. The Appellate Tribunal noted that the assessee had submitted a sworn affidavit asserting the sole source of agricultural activity without investing the disputed amount. The AO did not challenge this affidavit, and the assessee was not cross-examined. Citing legal precedents, the Tribunal ruled in favor of the assessee, emphasizing that sworn statements should be accepted unless proven otherwise. Consequently, the AO's addition to the assessee's income was overturned.
The case involved a dispute over the determination of agricultural income, focusing on the variance between admitted and net agricultural income. The Assessing Officer (AO) added an amount u/s 69 due to the difference in agricultural income reported. The case underwent limited scrutiny to verify the income source. The Appellate Tribunal noted that the assessee had submitted a sworn affidavit asserting the sole source of agricultural activity without investing the disputed amount. The AO did not challenge this affidavit, and the assessee was not cross-examined. Citing legal precedents, the Tribunal ruled in favor of the assessee, emphasizing that sworn statements should be accepted unless proven otherwise. Consequently, the AO's addition to the assessee's income was overturned.
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