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 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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