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...
Unexplained cash credit addition u/s 68 during demonetization period - assessee unable to substantiate contentions regarding cash receipts from sales and debt recoveries with corroborative evidence. Mismatch in closing and opening cash balances noted, assessee failed to disprove before authorities. While books not rejected, verification required regarding closing cash balance as on 31.03.2016, matching with 01.04.2016 opening balance, verification of sales bills/books, impact of cash collected from debtors on returned income. Matter remitted to Assessing Officer for fresh adjudication after verification and providing reasonable opportunity of hearing to assessee.
Unexplained cash credit addition u/s 68 during demonetization period - assessee unable to substantiate contentions regarding cash receipts from sales and debt recoveries with corroborative evidence. Mismatch in closing and opening cash balances noted, assessee failed to disprove before authorities. While books not rejected, verification required regarding closing cash balance as on 31.03.2016, matching with 01.04.2016 opening balance, verification of sales bills/books, impact of cash collected from debtors on returned income. Matter remitted to Assessing Officer for fresh adjudication after verification and providing reasonable opportunity of hearing to assessee.
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