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 cash receipt of Rs. 7 lakhs for immovable property sale did not violate section 269SS. The unregistered agreement to sale, which subsequently culminated in a sale deed, was deemed valid. The department failed to verify the cash payment details or provide cogent reasons for rejecting the assessee's claim. No substantive evidence demonstrated a violation of statutory provisions. The tribunal found no merit in the penalty order and directed the Assessing Officer to delete the penalty. The appeal was allowed, with the CIT(A)'s procedural inconsistencies regarding appeal filing date also noted and dismissed.
ITAT held that cash receipt of Rs. 7 lakhs for immovable property sale did not violate section 269SS. The unregistered agreement to sale, which subsequently culminated in a sale deed, was deemed valid. The department failed to verify the cash payment details or provide cogent reasons for rejecting the assessee's claim. No substantive evidence demonstrated a violation of statutory provisions. The tribunal found no merit in the penalty order and directed the Assessing Officer to delete the penalty. The appeal was allowed, with the CIT(A)'s procedural inconsistencies regarding appeal filing date also noted and dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
