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 allowed taxpayer's appeal, finding cash payments for land purchase were genuine business transactions. The tribunal determined payments were made out of commercial necessity and complied with Rule 6DD exceptions. Cash deposits during demonetization were substantiated through assessee's cash book, which demonstrated advances against land/plot purchases. The appellate tribunal set aside the lower authority's order, directing the AO to delete the tax addition, effectively vindicating the taxpayer's accounting practices and validating the cash transactions as legitimate business expenditures.
ITAT allowed taxpayer's appeal, finding cash payments for land purchase were genuine business transactions. The tribunal determined payments were made out of commercial necessity and complied with Rule 6DD exceptions. Cash deposits during demonetization were substantiated through assessee's cash book, which demonstrated advances against land/plot purchases. The appellate tribunal set aside the lower authority's order, directing the AO to delete the tax addition, effectively vindicating the taxpayer's accounting practices and validating the cash transactions as legitimate business expenditures.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
