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...
The assessee successfully discharged the onus u/s 68 regarding share capital introduced by the company director, a major shareholder, proving identity, creditworthiness, and genuineness. The addition u/s 68 was rightly deleted by the CIT(A). The Tribunal admitted additional evidence u/r 46A, considering the assessee's office was in a COVID-19 containment zone. The CIT(A) correctly deleted the addition u/s 68 for a loan received, as the assessing officer accepted the transaction's genuineness based on overwhelming evidence provided by the assessee. The Tribunal upheld the CIT(A)'s order, finding no infirmity in deleting the additions where the assessee proved the identity, creditworthiness, and genuineness of the transactions.
The assessee successfully discharged the onus u/s 68 regarding share capital introduced by the company director, a major shareholder, proving identity, creditworthiness, and genuineness. The addition u/s 68 was rightly deleted by the CIT(A). The Tribunal admitted additional evidence u/r 46A, considering the assessee's office was in a COVID-19 containment zone. The CIT(A) correctly deleted the addition u/s 68 for a loan received, as the assessing officer accepted the transaction's genuineness based on overwhelming evidence provided by the assessee. The Tribunal upheld the CIT(A)'s order, finding no infirmity in deleting the additions where the assessee proved the identity, creditworthiness, and genuineness of the transactions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
