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...
Immovable property purchased, stamp duty value higher than consideration paid. Assessee's request to refer matter to Valuation Officer ignored. Held: As property registered with area of 783.4 sq ft, assessee cannot claim different area. Stamp duty value of Rs. 2,00,17,500 exceeds consideration of Rs. 1.70 crores, hence difference treated as income u/s 56(2)(vii). No infirmity in CIT(A)'s order, appeal dismissed. Stamp duty value considered full value of consideration for Section 56(2)(vii) purposes.
Immovable property purchased, stamp duty value higher than consideration paid. Assessee's request to refer matter to Valuation Officer ignored. Held: As property registered with area of 783.4 sq ft, assessee cannot claim different area. Stamp duty value of Rs. 2,00,17,500 exceeds consideration of Rs. 1.70 crores, hence difference treated as income u/s 56(2)(vii). No infirmity in CIT(A)'s order, appeal dismissed. Stamp duty value considered full value of consideration for Section 56(2)(vii) purposes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
