Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
HC dismissed the appeal, upholding the acquittal of the respondent in a gold smuggling case. The court found critical evidentiary gaps in the prosecution's case, including lack of credible witness testimony directly implicating the respondent and absence of proper forensic certification of the recovered item. The key witness contradicted the prosecution's narrative, creating reasonable doubt about the respondent's involvement. The court emphasized the importance of rigorous investigation and conclusive evidence, ultimately extending benefit of doubt to the respondent and affirming the lower court's acquittal under Section 135(1)(a) of the Customs Act, 1962.
HC dismissed the appeal, upholding the acquittal of the respondent in a gold smuggling case. The court found critical evidentiary gaps in the prosecution's case, including lack of credible witness testimony directly implicating the respondent and absence of proper forensic certification of the recovered item. The key witness contradicted the prosecution's narrative, creating reasonable doubt about the respondent's involvement. The court emphasized the importance of rigorous investigation and conclusive evidence, ultimately extending benefit of doubt to the respondent and affirming the lower court's acquittal under Section 135(1)(a) of the Customs Act, 1962.
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