Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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AT found appellant failed to provide credible explanation for possession of Rs. 87,15,472/- in cash. Appellant's statements were inconsistent, changing multiple times regarding the source of currency notes. Despite claiming notes were for exchange from multiple persons, only two summoned individuals denied providing currency. Appellant could not produce documentary evidence supporting his claim of exchanging torn/soiled notes or justifying retention during Code of Conduct period. Contradictory statements regarding ownership, including sudden inclusion of father's involvement, undermined appellant's credibility. AT upheld Adjudicating Authority's order, finding appellant's narrative unreliable and dismissing the appeal.
AT found appellant failed to provide credible explanation for possession of Rs. 87,15,472/- in cash. Appellant's statements were inconsistent, changing multiple times regarding the source of currency notes. Despite claiming notes were for exchange from multiple persons, only two summoned individuals denied providing currency. Appellant could not produce documentary evidence supporting his claim of exchanging torn/soiled notes or justifying retention during Code of Conduct period. Contradictory statements regarding ownership, including sudden inclusion of father's involvement, undermined appellant's credibility. AT upheld Adjudicating Authority's order, finding appellant's narrative unreliable and dismissing the appeal.
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