Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The GoI's DGFT issued Notification No. 13/2025-26 amending import policy conditions for roller chains under Chapter 73 of ITC (HS), 2022. The amendment restricts imports of roller chains and parts with CIF value below Rs. 235 per kilogram, categorizing such imports as 'Restricted' under HS codes 73151100, 73151900, and 73159000. Previously unrestricted items are now subject to import limitations, effectively implementing a value-based import control mechanism for specific metallic chain products. The notification takes immediate effect and was approved by the Minister of Commerce & Industry.
The GoI's DGFT issued Notification No. 13/2025-26 amending import policy conditions for roller chains under Chapter 73 of ITC (HS), 2022. The amendment restricts imports of roller chains and parts with CIF value below Rs. 235 per kilogram, categorizing such imports as 'Restricted' under HS codes 73151100, 73151900, and 73159000. Previously unrestricted items are now subject to import limitations, effectively implementing a value-based import control mechanism for specific metallic chain products. The notification takes immediate effect and was approved by the Minister of Commerce & Industry.
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