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...
Incriminating documents seized during search were routine business records, not evidence of income suppression. Assessment u/s 153A invalid when regular assessment completed. Supreme Court's Abhisar Buildwell judgment relied upon. No violation of Section 47(xiii) provisos found - partners withdrew capital after reorganization, not as consideration for transfer. Madras High Court's CADD Centre judgment supported exemption u/s 47(xiii). Income Tax Appellate Tribunal set aside orders treating firm's assets/liabilities as taxable long-term capital gains u/s 45(4), allowing assessee's appeal.
Incriminating documents seized during search were routine business records, not evidence of income suppression. Assessment u/s 153A invalid when regular assessment completed. Supreme Court's Abhisar Buildwell judgment relied upon. No violation of Section 47(xiii) provisos found - partners withdrew capital after reorganization, not as consideration for transfer. Madras High Court's CADD Centre judgment supported exemption u/s 47(xiii). Income Tax Appellate Tribunal set aside orders treating firm's assets/liabilities as taxable long-term capital gains u/s 45(4), allowing assessee's appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
