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 CBIC issued Instruction No. 10/2025-Customs mandating the inclusion of DIGIT ID in Arrest Reports and Incident Reports for customs enforcement actions. The revised reporting formats (Annexure-I and Annexure-II) require comprehensive details including personal information, offence specifics, seizure particulars, and modus operandi. Reports must be electronically submitted to designated CBIC officials, with previous instructions remaining unchanged. The new format aims to standardize and enhance information tracking in customs investigation and enforcement proceedings.
The CBIC issued Instruction No. 10/2025-Customs mandating the inclusion of DIGIT ID in Arrest Reports and Incident Reports for customs enforcement actions. The revised reporting formats (Annexure-I and Annexure-II) require comprehensive details including personal information, offence specifics, seizure particulars, and modus operandi. Reports must be electronically submitted to designated CBIC officials, with previous instructions remaining unchanged. The new format aims to standardize and enhance information tracking in customs investigation and enforcement proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
