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 held that additions made under Section 153A were improper where no incriminating material was discovered during search for the assessment year (AY 2013-14). The appellate tribunal determined that without specific incriminating evidence found during search proceedings, the Assessing Officer cannot make additions to completed assessments. The tribunal emphasized that stock statements from other years cannot be considered incriminating material, and since the assessee's opening stock was carried forward and explained, no additions under Sections 69 or 69B were warranted. The tribunal consequently set aside the additions made by the Assessing Officer as contrary to legal provisions and established judicial precedents.
ITAT held that additions made under Section 153A were improper where no incriminating material was discovered during search for the assessment year (AY 2013-14). The appellate tribunal determined that without specific incriminating evidence found during search proceedings, the Assessing Officer cannot make additions to completed assessments. The tribunal emphasized that stock statements from other years cannot be considered incriminating material, and since the assessee's opening stock was carried forward and explained, no additions under Sections 69 or 69B were warranted. The tribunal consequently set aside the additions made by the Assessing Officer as contrary to legal provisions and established judicial precedents.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
