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 dismissed the assessee's appeal, confirming the addition of silver bars to the assessee's taxable income. The tribunal rejected the assessee's claim that the silver belonged to his brother, finding no credible supporting evidence. The affidavit submitted post-search was deemed an afterthought, lacking substantive proof. Given the absence of corroborative documentation and the consistent assessment by the Assessing Officer, the tribunal upheld the original addition, determining the silver bars were part of the assessee's undisclosed assets. The appeal was consequently dismissed, with the CIT(A)'s order remaining intact.
ITAT dismissed the assessee's appeal, confirming the addition of silver bars to the assessee's taxable income. The tribunal rejected the assessee's claim that the silver belonged to his brother, finding no credible supporting evidence. The affidavit submitted post-search was deemed an afterthought, lacking substantive proof. Given the absence of corroborative documentation and the consistent assessment by the Assessing Officer, the tribunal upheld the original addition, determining the silver bars were part of the assessee's undisclosed assets. The appeal was consequently dismissed, with the CIT(A)'s order remaining intact.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
