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Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
ITAT held that the assessee successfully discharged the onus of establishing purchase genuineness by providing comprehensive documentary evidence including invoices, goods receipt notes, transport bills, and weighing bridge slips. Despite some procedural discrepancies and non-response to section 133(6) notices by certain parties, the tribunal affirmed that these factors do not automatically render transactions as bogus. The CIT(A)'s deletion of additions was upheld, and the revenue's appeal was dismissed, reinforcing the principle that mere procedural irregularities cannot invalidate legitimate business transactions when substantive evidence supports their authenticity.
ITAT held that the assessee successfully discharged the onus of establishing purchase genuineness by providing comprehensive documentary evidence including invoices, goods receipt notes, transport bills, and weighing bridge slips. Despite some procedural discrepancies and non-response to section 133(6) notices by certain parties, the tribunal affirmed that these factors do not automatically render transactions as bogus. The CIT(A)'s deletion of additions was upheld, and the revenue's appeal was dismissed, reinforcing the principle that mere procedural irregularities cannot invalidate legitimate business transactions when substantive evidence supports their authenticity.
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