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 the CIT(A) erred in deleting additions relating to cryptocurrency purchases and unexplained cash credits under s.68, set aside the appellate order and reinstated the AO's findings. The Tribunal noted the assessee failed to furnish documentary evidence for local purchases, admitted audit coverage was limited to Zebpay transactions, and failed to substantiate transactions or furnish requisite particulars despite opportunities. Given these lacunae, the deletions by CIT(A) were unjustified; accordingly the AO's additions are restored and the matter returns to the assessment record for action consistent with the AO's findings.
ITAT held that the CIT(A) erred in deleting additions relating to cryptocurrency purchases and unexplained cash credits under s.68, set aside the appellate order and reinstated the AO's findings. The Tribunal noted the assessee failed to furnish documentary evidence for local purchases, admitted audit coverage was limited to Zebpay transactions, and failed to substantiate transactions or furnish requisite particulars despite opportunities. Given these lacunae, the deletions by CIT(A) were unjustified; accordingly the AO's additions are restored and the matter returns to the assessment record for action consistent with the AO's findings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
