Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
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...
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Notification No. 24/2024 - Customs (N.T.), supersedes the previous Notification No. 18/2024-Customs(N.T.) and determines the rates of exchange of foreign currencies concerning the conversion into Indian currency or vice versa for imported and exported goods. The notification, effective from 27th March 2024, includes detailed schedules outlining the specific rates for various foreign currencies.
Notification No. 24/2024 - Customs (N.T.), supersedes the previous Notification No. 18/2024-Customs(N.T.) and determines the rates of exchange of foreign currencies concerning the conversion into Indian currency or vice versa for imported and exported goods. The notification, effective from 27th March 2024, includes detailed schedules outlining the specific rates for various foreign currencies.
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