Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Income Tax: Rationalisation of provisions related to time-limit for completion of assessment, reassessment and recomputation. Proposed amendments: (i) Insertion of new sub-section (1B) to provide time-limit for assessment orders where return is filed pursuant to section 119(2)(b). (ii) Inclusion of reference to section 250 in sub-section (3) for time-limit to pass fresh assessment order. (iii) Amendment to sub-section (8) to provide timeline for revived assessment/reassessment proceedings due to annulment of block assessments under Chapter XIV-B. (iv) Amendment to Explanation 1(xii) to provide that date of limitation in search cases falls at month-end after exclusions. Consequential amendment to section 139 for returns filed pursuant to section 119(2)(b) order. Effective from 1st October 2024.
Income Tax: Rationalisation of provisions related to time-limit for completion of assessment, reassessment and recomputation. Proposed amendments: (i) Insertion of new sub-section (1B) to provide time-limit for assessment orders where return is filed pursuant to section 119(2)(b). (ii) Inclusion of reference to section 250 in sub-section (3) for time-limit to pass fresh assessment order. (iii) Amendment to sub-section (8) to provide timeline for revived assessment/reassessment proceedings due to annulment of block assessments under Chapter XIV-B. (iv) Amendment to Explanation 1(xii) to provide that date of limitation in search cases falls at month-end after exclusions. Consequential amendment to section 139 for returns filed pursuant to section 119(2)(b) order. Effective from 1st October 2024.
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