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...
ITAT quashed CIT's revision order holding AO's assessment order treating excess stock disclosed in survey as business income not erroneous. AO made enquiries regarding stock valuation, discrepancy during assessment proceedings. Assessee explained causes for excess stock pertaining to business. No addition u/s 115BBE warranted as AO adopted a plausible view based on enquiry. Lack of jurisdictional condition for revision when AO's view sustainable.
ITAT quashed CIT's revision order holding AO's assessment order treating excess stock disclosed in survey as business income not erroneous. AO made enquiries regarding stock valuation, discrepancy during assessment proceedings. Assessee explained causes for excess stock pertaining to business. No addition u/s 115BBE warranted as AO adopted a plausible view based on enquiry. Lack of jurisdictional condition for revision when AO's view sustainable.
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