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 partially allowed appeal concerning assessment year 2013-14. Given assessee's cash-based business nature and bank deposits consistent with disclosed turnover, complete disallowance of cash deposits was deemed excessive. While assessee provided ledger copies for land purchases, documentation was insufficient per AO requirements. ITAT estimated income at 10% of total turnover (Rs. 2,23,77,000/-) as reasonable resolution. Based on bank certificate evidencing principal repayment of Rs. 72,643/- and interest of Rs. 3,59,357/-, tribunal directed AO to allow deductions under s.80-C and interest on self-occupied property. Matter resolved balancing business realities with compliance requirements.
ITAT partially allowed appeal concerning assessment year 2013-14. Given assessee's cash-based business nature and bank deposits consistent with disclosed turnover, complete disallowance of cash deposits was deemed excessive. While assessee provided ledger copies for land purchases, documentation was insufficient per AO requirements. ITAT estimated income at 10% of total turnover (Rs. 2,23,77,000/-) as reasonable resolution. Based on bank certificate evidencing principal repayment of Rs. 72,643/- and interest of Rs. 3,59,357/-, tribunal directed AO to allow deductions under s.80-C and interest on self-occupied property. Matter resolved balancing business realities with compliance requirements.
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