Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
The GoI notification mandates tax collection at source (TCS) for specific high-value goods exceeding ten lakh rupees, including luxury and collectible items such as wrist watches, art pieces, sunglasses, boats, sportswear, home theatre systems, and horses for racing. The notification, issued under section 206C of the Income-tax Act, requires sellers to collect tax at the time of sale for ten enumerated categories of goods. The directive will become effective upon publication in the Official Gazette, imposing new tax collection obligations on sellers of these specified luxury and specialized items.
The GoI notification mandates tax collection at source (TCS) for specific high-value goods exceeding ten lakh rupees, including luxury and collectible items such as wrist watches, art pieces, sunglasses, boats, sportswear, home theatre systems, and horses for racing. The notification, issued under section 206C of the Income-tax Act, requires sellers to collect tax at the time of sale for ten enumerated categories of goods. The directive will become effective upon publication in the Official Gazette, imposing new tax collection obligations on sellers of these specified luxury and specialized items.
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