Since the assessee accepted and deposited demonetized currency after the cutoff date, it was not legally permissible, and thus, the cash was treated as unexplained and taxed under Section 115BBE. The ...

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Chennai addressed an appeal by Steel Authority of India Ltd. (SAIL) against an order concerning the irregular availment of CENVAT ...