Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
The issue concerns levy of a statutory penalty where income from cash seized during search was treated as unexplained additions under the relevant unexplained income provision. The tribunal applied the statutory test linking that unexplained income to the penalty provision and found no credible explanation, reasonable cause, or material to attract the exclusionary clause; consequently the statutory conditions for non-levy were not satisfied and the penalty was sustained. Disclosure during search was held insufficient to negate liability once judicial determination classified the cash as unexplained income, and the appeal was dismissed.
The issue concerns levy of a statutory penalty where income from cash seized during search was treated as unexplained additions under the relevant unexplained income provision. The tribunal applied the statutory test linking that unexplained income to the penalty provision and found no credible explanation, reasonable cause, or material to attract the exclusionary clause; consequently the statutory conditions for non-levy were not satisfied and the penalty was sustained. Disclosure during search was held insufficient to negate liability once judicial determination classified the cash as unexplained income, and the appeal was dismissed.
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