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    Double taxation through rectification was impermissible where income already shown under proper heads was added again to business income.
    Bona fide return error defeats misreporting penalty where no specific statutory clause is identified in assessment.
    Interest computation in return processing restored for fresh factual verification and de novo adjudication.
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      Central Excise

      Notification amends the Central Excise exemption table by...

      Excise exemption expands to specified ethanol-blended petrol variants meeting BIS standards and prescribed blend ratios.

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      Central ExciseJune 12, 2026Notifications
      Notification amends the Central Excise exemption table by inserting new entries for 22%, 25%, 27% and 30% ethanol blended petrol, each classified under tariff heading 2710 12 and attracting Nil duty when the blend consists of the specified proportions of duty-paid motor spirit and ethanol and conforms to BIS specification IS 19850. It also expands Explanation 2 so that the newly inserted entries are covered for the purposes of the principal notification. The operative effect is to extend the excise exemption framework to the listed ethanol-blended petrol variants.

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      ActsIncome Tax