The Tribunal concluded that discrepancies between customs assessable value and invoice value do not automatically permit additions under Section 69C. It clarified that revenue must first demonstrate actually unexplained expenditure.
Section 69C Addition Deleted as Customs Assessable Value Is Not Proof of Unexplained Expenditure
The Tribunal concluded that discrepancies between customs assessable value and invoice value do not automatically permit additions under Section 69C. It clarified that revenue must first demonstrate actually unexplained expenditure.
Citations
- Income Tax Appellate Tribunal (2026)
Source:taxguru.in