Export obligation removed by notification, customs duty demand invalidated; penalties under s.112 and s.114AA quashed due to inadmissible s.108 statem...
Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
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ITAT dismissed Revenue's appeal and upheld the CIT(A)'s deletions. The Tribunal followed a co-ordinate bench's decision in the assessee's own case for a prior year and declined to disturb the deletion of additions attributable to a purported bogus unsecured loan and any commission allegedly paid to procure it. Consequently, Revenue's Grounds 1 and 2 were dismissed. With respect to additions under section 41(1), the Tribunal accepted the assessee's retraction of the survey statement, found that the field enquiry did not comply with mandated procedural safeguards and lacked independent corroboration, and directed the AO to delete the entire section 41(1) addition. The appeals were thereby decided in favour of the assessee.
ITAT dismissed Revenue's appeal and upheld the CIT(A)'s deletions. The Tribunal followed a co-ordinate bench's decision in the assessee's own case for a prior year and declined to disturb the deletion of additions attributable to a purported bogus unsecured loan and any commission allegedly paid to procure it. Consequently, Revenue's Grounds 1 and 2 were dismissed. With respect to additions under section 41(1), the Tribunal accepted the assessee's retraction of the survey statement, found that the field enquiry did not comply with mandated procedural safeguards and lacked independent corroboration, and directed the AO to delete the entire section 41(1) addition. The appeals were thereby decided in favour of the assessee.
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