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 GoI's MoF issued Notification No. 02/2025-Central Excise amending the previous excise duty rates for petrol and diesel. The amendment increases the duty to Rs. 13 per litre for Sl. No. 1 and Rs. 10 per litre for Sl. No. 2, effective 8th April 2025. The modification was executed under Section 5A of the Central Excise Act, 1944, and Section 147 of the Finance Act, 2002, with the central government determining the change necessary in public interest. The notification represents a statutory adjustment to existing taxation mechanisms for petroleum products.
The GoI's MoF issued Notification No. 02/2025-Central Excise amending the previous excise duty rates for petrol and diesel. The amendment increases the duty to Rs. 13 per litre for Sl. No. 1 and Rs. 10 per litre for Sl. No. 2, effective 8th April 2025. The modification was executed under Section 5A of the Central Excise Act, 1944, and Section 147 of the Finance Act, 2002, with the central government determining the change necessary in public interest. The notification represents a statutory adjustment to existing taxation mechanisms for petroleum products.
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