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 High Court found that the Income Tax Appellate Tribunal's order regarding the source of cash gifts was perverse and failed to consider the available evidence. The bank statement of the Privy Purse account clearly showed that cheques and cash totaling Rs. 10 lakh were released from this account to the two trusts on various dates. Therefore, the court held that the gift amount was made out of the Privy Purse, requiring further adjudication. The court's decision favored the assessee, overturning the Tribunal's order on this issue.
The High Court found that the Income Tax Appellate Tribunal's order regarding the source of cash gifts was perverse and failed to consider the available evidence. The bank statement of the Privy Purse account clearly showed that cheques and cash totaling Rs. 10 lakh were released from this account to the two trusts on various dates. Therefore, the court held that the gift amount was made out of the Privy Purse, requiring further adjudication. The court's decision favored the assessee, overturning the Tribunal's order on this issue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
