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1973 (2) TMI 25 - HC - Income Tax
Seizure and confiscation of smuggled goods - Whether record of criminal court proceeding could be relied on in assessment proceedings and whether Evidence Act could be applied to assessment proceedings - if the proceeding section was enacted subsequent to the assessment year, whether it is applicable to the assessment proceedings i.e. the finding that assessee was in possession of gold during the seizure and was therefore the owner of it was justified - Whether smuggled goods confiscated by the Customs authorities can be claimed as business loss and provisions of set off are available