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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The ITAT allowed the assessee's appeal and set aside the addition of Rs.50 lakhs by directing deletion of the disallowance under section 11(2). The Tribunal found both Form No.10 and Form No.10BB were filed within the statutory due date, and the revised audit report in Form No.10BB rectifying the mismatch was submitted to CPC before processing under section 143(1). Applying consistent tribunal precedent, the ITAT held such rectification constitutes compliance with statutory requirements and precludes denial of exemption under section 11. The CPC's disallowance, sustained by the Ld. CIT(A), was held not in accordance with law and the exemption was restored.
The ITAT allowed the assessee's appeal and set aside the addition of Rs.50 lakhs by directing deletion of the disallowance under section 11(2). The Tribunal found both Form No.10 and Form No.10BB were filed within the statutory due date, and the revised audit report in Form No.10BB rectifying the mismatch was submitted to CPC before processing under section 143(1). Applying consistent tribunal precedent, the ITAT held such rectification constitutes compliance with statutory requirements and precludes denial of exemption under section 11. The CPC's disallowance, sustained by the Ld. CIT(A), was held not in accordance with law and the exemption was restored.
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