Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The government amended a 1994 customs notification by removing serial number 10A and its related entries, which previously exempted certain sports goods, specifically horses for polo, from customs duties. This change was made under the Customs Act, 1962, with the government deeming it necessary in the public interest. The amendment effectively revokes the exemption on importing horses for polo as specified in the original notification.
The government amended a 1994 customs notification by removing serial number 10A and its related entries, which previously exempted certain sports goods, specifically horses for polo, from customs duties. This change was made under the Customs Act, 1962, with the government deeming it necessary in the public interest. The amendment effectively revokes the exemption on importing horses for polo as specified in the original notification.
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