Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
The notification amends the composition of the specified authority constituted under the Explanation to section 72A of the Income-tax Act, 1961. It substitutes item 5 in Notification S.O. 710(E) to designate the Member (Legislation), Central Board of Direct Taxes, serving ex officio as Additional Secretary in the Department of Revenue, as a member of that authority. The amendment changes the listed membership of the committee responsible for functions assigned to the specified authority under section 72A.
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