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...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The notification amends various Customs Notifications to align with changes in the Finance Act, 2025, primarily focusing on modifying tariff code entries across multiple notifications. The amendments involve updating specific Harmonized System (HS) codes for various chemical and industrial substances across multiple serial numbers in different notifications. The modifications aim to refine and update customs classification and potentially adjust applicable duty rates. The notification will come into effect on 1st May, 2025, ensuring precise alignment with the latest fiscal regulations and tariff classifications.
The notification amends various Customs Notifications to align with changes in the Finance Act, 2025, primarily focusing on modifying tariff code entries across multiple notifications. The amendments involve updating specific Harmonized System (HS) codes for various chemical and industrial substances across multiple serial numbers in different notifications. The modifications aim to refine and update customs classification and potentially adjust applicable duty rates. The notification will come into effect on 1st May, 2025, ensuring precise alignment with the latest fiscal regulations and tariff classifications.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
