Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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Specified allowances payable to High Court and Supreme Court Judges are, prima facie, excluded from salary-income computation under overriding non-obstante clauses governing judicial service conditions. They are treated as receipts not in the nature of income rather than deductions or exemptions, so the optional new tax regime's restrictions on deductions and exemptions do not appear to apply. Pending consideration of the writ petition, Judges may disclose these allowances as non-income receipts, and the related income-tax returns are not to be processed until further orders.
Specified allowances payable to High Court and Supreme Court Judges are, prima facie, excluded from salary-income computation under overriding non-obstante clauses governing judicial service conditions. They are treated as receipts not in the nature of income rather than deductions or exemptions, so the optional new tax regime's restrictions on deductions and exemptions do not appear to apply. Pending consideration of the writ petition, Judges may disclose these allowances as non-income receipts, and the related income-tax returns are not to be processed until further orders.
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