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...
AO made addition u/s 69A treating assessee's cash deposits during demonetization period as unexplained income on assumption of inflated/bogus sales without any cogent evidence. ITAT allowed assessee's appeal holding that AO cannot calculate sales hypothetically ignoring VAT returns, purchase bills, quantitative details etc. once sales were accepted and no deficiency pointed out in books of account. Mere substantial increase in turnover during demonetization without evidence of bogus sales is insufficient for addition.
AO made addition u/s 69A treating assessee's cash deposits during demonetization period as unexplained income on assumption of inflated/bogus sales without any cogent evidence. ITAT allowed assessee's appeal holding that AO cannot calculate sales hypothetically ignoring VAT returns, purchase bills, quantitative details etc. once sales were accepted and no deficiency pointed out in books of account. Mere substantial increase in turnover during demonetization without evidence of bogus sales is insufficient for addition.
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