Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The Central Government has extended the exemption period for imports of Yellow Peas (HS 0713 10 10) from applicable Basic Customs Duty and Agriculture Infrastructure Development Cess. Through Notification No. 17/2025-Customs dated March 7, 2025, issued under Section 25(1) of the Customs Act, 1962, read with Section 124 of the Finance Act, 2021, the exemption period previously set to expire on February 28, 2025, has been extended to May 31, 2025. This amendment to the principal Notification No. 64/2023-Customs takes effect immediately, reflecting the government's determination that this extension serves the public interest.
The Central Government has extended the exemption period for imports of Yellow Peas (HS 0713 10 10) from applicable Basic Customs Duty and Agriculture Infrastructure Development Cess. Through Notification No. 17/2025-Customs dated March 7, 2025, issued under Section 25(1) of the Customs Act, 1962, read with Section 124 of the Finance Act, 2021, the exemption period previously set to expire on February 28, 2025, has been extended to May 31, 2025. This amendment to the principal Notification No. 64/2023-Customs takes effect immediately, reflecting the government's determination that this extension serves the public interest.
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