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 adjudicated a tax dispute involving undeclared cash sales and demonetized currency (SBN). The tribunal partially sustained the tax addition, finding the assessee unable to substantiate complete cash sales documentation. While acknowledging prior tax declarations on cash sales, the tribunal rejected total taxation of cash deposits. Critically, the tribunal determined that section 69A provisions were inapplicable, consequently rendering section 115BBE tax provisions ineffective. The appellate ruling ultimately favored the assessee, allowing their appeal and partially deleting the proposed tax assessment, thereby providing significant relief against excessive taxation of unsubstantiated cash transactions.
ITAT adjudicated a tax dispute involving undeclared cash sales and demonetized currency (SBN). The tribunal partially sustained the tax addition, finding the assessee unable to substantiate complete cash sales documentation. While acknowledging prior tax declarations on cash sales, the tribunal rejected total taxation of cash deposits. Critically, the tribunal determined that section 69A provisions were inapplicable, consequently rendering section 115BBE tax provisions ineffective. The appellate ruling ultimately favored the assessee, allowing their appeal and partially deleting the proposed tax assessment, thereby providing significant relief against excessive taxation of unsubstantiated cash transactions.
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