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...
The ITAT adjudicated on unexplained cash deposits under section 69A read with section 115BBE during the demonetization period involving an assessee from an agriculturist family with income solely from agriculture. Considering the cash disclosed in the 'J' Form, agricultural produce sales outside the mandi, and reasonable expenses from April to October 2016, the tribunal held that Rs. 8 lakh of the total Rs. 9.5 lakh bank deposit on 15.11.2016 was justifiably available to the assessee. Consequently, the addition was restricted to Rs. 1.5 lakh. The appeal was partly allowed, granting the assessee relief by reducing the addition to income on account of unexplained cash deposits.
The ITAT adjudicated on unexplained cash deposits under section 69A read with section 115BBE during the demonetization period involving an assessee from an agriculturist family with income solely from agriculture. Considering the cash disclosed in the 'J' Form, agricultural produce sales outside the mandi, and reasonable expenses from April to October 2016, the tribunal held that Rs. 8 lakh of the total Rs. 9.5 lakh bank deposit on 15.11.2016 was justifiably available to the assessee. Consequently, the addition was restricted to Rs. 1.5 lakh. The appeal was partly allowed, granting the assessee relief by reducing the addition to income on account of unexplained cash deposits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
