Addition u/s 69C - value of import goods enhanced by customs ...

Case Laws Income Tax

January 27, 2023

Addition u/s 69C - value of import goods enhanced by customs authorities - the value of the goods assessed/re-determined by the custom authorities as per valuation norms for the purpose of calculation of custom duty on the import. Therefore, the same would not attract the provisions of Section 69C of the Act, since, it has not been established as unexplained expenditure actually incurred by the assessee. - AT

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Addition u/s 69C - value of import goods enhanced by customs ...

Case Laws Income Tax

January 27, 2023

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