Eight Individuals Accused of Customs Duty Fraud Classified as AOP Without Written Agreement; Common Objective Suffices.

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....Assessment on the AOP - AO alleged that, the group of 8 persons was involved in the defrauding the custom duty - it is not necessary that there should be anything in writing for referring any group of persons as the AOP. What is required is that there should be common object and profit motive of the persons involved. - AO has rightly taken the value based on the valuation determined by the custom department.....