Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Tariff values under the customs valuation notification are revised by substituting Tables 1 to 3, while many commodity values remain unchanged. The notification fixes tariff values for specified edible oils, brass scrap, gold, silver and areca nuts, including separate rates for gold and silver where the benefit of the specified customs entries is availed, and for defined forms of gold and silver imports. It also clarifies the scope of certain silver and gold categories through explanations, including exclusions for silver coins, jewellery and articles made of silver, and the meaning of gold findings. The amendment takes effect from 12 June 2026.
Tariff values under the customs valuation notification are revised by substituting Tables 1 to 3, while many commodity values remain unchanged. The notification fixes tariff values for specified edible oils, brass scrap, gold, silver and areca nuts, including separate rates for gold and silver where the benefit of the specified customs entries is availed, and for defined forms of gold and silver imports. It also clarifies the scope of certain silver and gold categories through explanations, including exclusions for silver coins, jewellery and articles made of silver, and the meaning of gold findings. The amendment takes effect from 12 June 2026.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
