Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The GoI notification precludes tax deductions for expenditures related to settling proceedings involving contraventions under specified financial regulatory statutes, including SEBI Act, Securities Contracts (Regulation) Act, Depositories Act, and Competition Act. The Central Government, exercising powers under Income Tax Act section 37(1), explicitly disallows tax deductions for settlement expenses arising from legal proceedings initiated due to defaults or violations in these regulatory frameworks. The notification becomes effective upon official gazette publication, mandating strict compliance and eliminating potential tax benefits for legal settlement costs in financial and competitive regulatory domains.
The GoI notification precludes tax deductions for expenditures related to settling proceedings involving contraventions under specified financial regulatory statutes, including SEBI Act, Securities Contracts (Regulation) Act, Depositories Act, and Competition Act. The Central Government, exercising powers under Income Tax Act section 37(1), explicitly disallows tax deductions for settlement expenses arising from legal proceedings initiated due to defaults or violations in these regulatory frameworks. The notification becomes effective upon official gazette publication, mandating strict compliance and eliminating potential tax benefits for legal settlement costs in financial and competitive regulatory domains.
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