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 affirmed the assessment: the AO's computation of business income at 8% of turnover under section 44AD was sustained, with CIT(A)'s concurrence upheld as a correct finding. Separately, additions relating to acquisition of an immovable asset were also upheld because the assessee failed to discharge the initial onus to establish receipts from relatives-no satisfactory identity, PAN/return evidence, bank statements evidencing receipt/debit, confirmation, repayment records or proof of creditworthiness were furnished. Consequently, the unexplained investment was disallowed and the assessee's appeal was dismissed in its entirety.
ITAT affirmed the assessment: the AO's computation of business income at 8% of turnover under section 44AD was sustained, with CIT(A)'s concurrence upheld as a correct finding. Separately, additions relating to acquisition of an immovable asset were also upheld because the assessee failed to discharge the initial onus to establish receipts from relatives-no satisfactory identity, PAN/return evidence, bank statements evidencing receipt/debit, confirmation, repayment records or proof of creditworthiness were furnished. Consequently, the unexplained investment was disallowed and the assessee's appeal was dismissed in its entirety.
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