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    Fair market value of surrendered tenancy rights can determine cost of acquisition for redeveloped property gains
    Customs valuation enhancement fails when based on a retracted statement and non-comparable contemporaneous import invoices.
    Transportation charges and foreign-branch services were held outside service tax, while disclosed records defeated extended limitation.
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      DIGIT data entry has been revised to ensure uniform...

      DIGIT offence case reporting revised with mandatory classification rules, stage-wise entry deadlines, and nodal oversight requirements.

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      CustomsJune 19, 2026Circulars
      DIGIT data entry has been revised to ensure uniform classification, mandatory capture, and timely updating of offence cases. Only specified offence cases are to be entered, namely outright smuggling, commercial fraud, and NDPS/Wildlife and allied Act cases, with classification governed by the principal statute booked; minor cases below prescribed value thresholds and audit detections need not be entered, though reward eligibility still requires entry. Entry is required at defined stages such as search, summons, seizure, arrest, investigation, adjudication, post-adjudication, and prosecution, with strict timelines generally running from 5 days or by the 5th day of the following month. The instruction also prescribes detailed user data capture, nodal officer administration, and reconciliation of DIGIT with MPR.

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      ActsIncome Tax