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...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
MeitY has amended the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 to exempt Highly Specialized Equipment from the Order where a specific exemption is issued and the equipment is manufactured or imported in fewer than 100 units per model per year. The exemption applies only if the equipment is powered by three-phase supply, or single-phase supply with current rating above 16 ampere, or has dimensions exceeding 1.5 m x 0.8 m, or weighs more than 80 kg. The amendment takes effect from 15 June 2026 and CBIC has directed officers to be sensitised accordingly.
MeitY has amended the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 to exempt Highly Specialized Equipment from the Order where a specific exemption is issued and the equipment is manufactured or imported in fewer than 100 units per model per year. The exemption applies only if the equipment is powered by three-phase supply, or single-phase supply with current rating above 16 ampere, or has dimensions exceeding 1.5 m x 0.8 m, or weighs more than 80 kg. The amendment takes effect from 15 June 2026 and CBIC has directed officers to be sensitised accordingly.
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