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...
ITAT set aside the order of the CIT(A) and restored the appeal to the CIT(A) directing a fresh, reasoned adjudication. The Tribunal held that penalty under section 271AAB can be levied only on quantified "undisclosed income" as defined in the Explanation, and observed the AO failed to identify entries, transactions or seized documents forming the basis of any undisclosed income. CIT(A) erred by upholding the penalty without a speaking order addressing computation and reasons as required by law. The matter is remitted for the CIT(A) to consider the assessee's submissions, ascertain and quantify any undisclosed income on the basis of seized documents, and pass a detailed speaking order.
ITAT set aside the order of the CIT(A) and restored the appeal to the CIT(A) directing a fresh, reasoned adjudication. The Tribunal held that penalty under section 271AAB can be levied only on quantified "undisclosed income" as defined in the Explanation, and observed the AO failed to identify entries, transactions or seized documents forming the basis of any undisclosed income. CIT(A) erred by upholding the penalty without a speaking order addressing computation and reasons as required by law. The matter is remitted for the CIT(A) to consider the assessee's submissions, ascertain and quantify any undisclosed income on the basis of seized documents, and pass a detailed speaking order.
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