Customs Duty Discrepancies Found in Annual Report u/s 69C; Taxpayer Fails to Justify Payment Variations.

Unexplained expenses u/s 69C - Discrepancy found in the payment of custom duty as per AIR [“Annual Information Report”] - Assessee failed to explain the reasons for variation and the SAD [“Special Additional Duty”] classified as current asset to be reflected in the P&L A/c at the stage of receipt of the funds/set off. - AT .....

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