Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Customs authority rejected transaction value declared by importer and enhanced value based on email evidence and statement of partner admitting negotiated higher price. Email evidence deemed admissible despite lack of certificate u/s 138C of Customs Act. Tribunal upheld enhancement of value but reduced redemption fine and penalty imposed on importer for misdeclaration of value. Tribunal's order partially allowed importer's appeal by reducing financial liabilities while upholding substantive findings on undervaluation.
Customs authority rejected transaction value declared by importer and enhanced value based on email evidence and statement of partner admitting negotiated higher price. Email evidence deemed admissible despite lack of certificate u/s 138C of Customs Act. Tribunal upheld enhancement of value but reduced redemption fine and penalty imposed on importer for misdeclaration of value. Tribunal's order partially allowed importer's appeal by reducing financial liabilities while upholding substantive findings on undervaluation.
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