Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The notification amends India's Foreign Trade Policy 2023 by inserting paras 1.07A and 1.07B to allow the Central Government to seek views, suggestions, comments or feedback from relevant stakeholders like importers/exporters/industry experts on formulating or amending the policy. It provides a 30-day timeframe for stakeholders' submissions, though the government reserves the right to make changes without consultation. If views are not incorporated, the government may provide reasons, except in cases impacting trade relations, security, policy conflicts or confidentiality concerns. No legal rights arise for stakeholders to demand reasons.
The notification amends India's Foreign Trade Policy 2023 by inserting paras 1.07A and 1.07B to allow the Central Government to seek views, suggestions, comments or feedback from relevant stakeholders like importers/exporters/industry experts on formulating or amending the policy. It provides a 30-day timeframe for stakeholders' submissions, though the government reserves the right to make changes without consultation. If views are not incorporated, the government may provide reasons, except in cases impacting trade relations, security, policy conflicts or confidentiality concerns. No legal rights arise for stakeholders to demand reasons.
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TaxTMI 
TaxTMI 
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