Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Exporters allotted Pharma Grade Sugar must submit a Chartered Accountant's utilisation certificate, details of additional requirement, justification, and any supporting export contracts or purchase orders within 10 days through the DGFT IT system. Allocations with more than 50% utilisation may be revalidated for six months. Where utilisation is below 50%, the unutilised quantity will be moved to the common pool for reallocation unless valid export contracts or purchase orders are furnished with the application. Common-pool allocation will be made proportionately based on demand and exports so far, subject to availability. Late, deficient, or improperly filed applications will not be considered, and non-submission may trigger reallocation of unutilised quota.
Exporters allotted Pharma Grade Sugar must submit a Chartered Accountant's utilisation certificate, details of additional requirement, justification, and any supporting export contracts or purchase orders within 10 days through the DGFT IT system. Allocations with more than 50% utilisation may be revalidated for six months. Where utilisation is below 50%, the unutilised quantity will be moved to the common pool for reallocation unless valid export contracts or purchase orders are furnished with the application. Common-pool allocation will be made proportionately based on demand and exports so far, subject to availability. Late, deficient, or improperly filed applications will not be considered, and non-submission may trigger reallocation of unutilised quota.
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