Tuesday, 21 January 2014

Excise department may raise demand deducted from income surrendered to IT department and documents s

Excise & Customs : Where : (a) assessee surrendered substantial unaccounted income to Income Tax Authorities and (b) based upon this disclosure, documents seized and inventories prepared by Income Tax Department, excise department has raised demand of duty, assessee cannot be granted full waiver of pre-deposit


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