Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
CBIC modified requirements for Lab Grown Diamonds (LGD) export declarations through customs notification. While maintaining mandatory additional qualifiers for most synthetic/reconstructed diamonds as per earlier Circular 21/2024-Customs, the Board introduced a significant relaxation. For LGDs (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers is now voluntary rather than mandatory. This modification addresses industry concerns about increased dwell time during export processing of smaller synthetic diamonds. The change aims to facilitate smoother trade operations while maintaining necessary oversight for larger synthetic diamond exports. All other provisions from the previous circular remain in effect.
CBIC modified requirements for Lab Grown Diamonds (LGD) export declarations through customs notification. While maintaining mandatory additional qualifiers for most synthetic/reconstructed diamonds as per earlier Circular 21/2024-Customs, the Board introduced a significant relaxation. For LGDs (HPHT/CVD) weighing less than one carat, declaration of additional qualifiers is now voluntary rather than mandatory. This modification addresses industry concerns about increased dwell time during export processing of smaller synthetic diamonds. The change aims to facilitate smoother trade operations while maintaining necessary oversight for larger synthetic diamond exports. All other provisions from the previous circular remain in effect.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
