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 government withdrew the Income Tax Bill, 2025, in the Lok Sabha to introduce an updated version on August 11, incorporating most recommendations from the Select Committee. The Select Committee reviewed the Bill, which aims to replace the Income Tax Act of 1961, and suggested changes including maintaining tax exemptions on anonymous donations to purely religious trusts while taxing such donations to trusts with additional charitable activities. It also recommended allowing taxpayers to claim TDS refunds after the ITR filing deadline without penalties. The revised Bill seeks to clarify and consolidate these changes to avoid confusion from multiple versions.
The government withdrew the Income Tax Bill, 2025, in the Lok Sabha to introduce an updated version on August 11, incorporating most recommendations from the Select Committee. The Select Committee reviewed the Bill, which aims to replace the Income Tax Act of 1961, and suggested changes including maintaining tax exemptions on anonymous donations to purely religious trusts while taxing such donations to trusts with additional charitable activities. It also recommended allowing taxpayers to claim TDS refunds after the ITR filing deadline without penalties. The revised Bill seeks to clarify and consolidate these changes to avoid confusion from multiple versions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
