Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
The Central Government amends the existing Central Excise notification to revise the Special Additional Excise Duty rates on exports of petrol and diesel outside India. The table in the principal notification is updated by substituting the applicable rates for the two serial entries, setting them at Rs 1.5 per litre and Rs 13.5 per litre respectively. The amended rates take effect from 1 June 2026.
The Central Government amends the existing Central Excise notification to revise the Special Additional Excise Duty rates on exports of petrol and diesel outside India. The table in the principal notification is updated by substituting the applicable rates for the two serial entries, setting them at Rs 1.5 per litre and Rs 13.5 per litre respectively. The amended rates take effect from 1 June 2026.
Note: It is a system-generated summary and is for quick reference only.