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...
The Policy Circular No. 03/2024 issued by the Directorate General of Foreign Trade clarifies Para 4.17 of the Hand Book of Procedures-2023. It allows applicants to file representations for a review of Norms Committee decisions within 12 months from the decision's upload on the DGFT website. For decisions made before 01.04.2023, review applications can be filed until 31.12.2024 to promote export promotion and ease of doing business. Applications beyond this date will not be entertained. The timeline specified in Para 4.17 of HBP-2023 applies to other cases. This circular is approved by the Competent Authority.
The Policy Circular No. 03/2024 issued by the Directorate General of Foreign Trade clarifies Para 4.17 of the Hand Book of Procedures-2023. It allows applicants to file representations for a review of Norms Committee decisions within 12 months from the decision's upload on the DGFT website. For decisions made before 01.04.2023, review applications can be filed until 31.12.2024 to promote export promotion and ease of doing business. Applications beyond this date will not be entertained. The timeline specified in Para 4.17 of HBP-2023 applies to other cases. This circular is approved by the Competent Authority.
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