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 notifies that a government-constituted trust established under an animal husbandry/dairying stimulus will be exempt from tax under the specified income provision of the Income-tax Act for guarantee fees from eligible lending institutions, mutual fund income, miscellaneous income, and interest from banks/financial institutions, subject to conditions: the trust must not engage in commercial activity, its activities and specified income must remain unchanged during the financial years, and it must file returns as required by the Act; the notification operates retrospectively for assessment year 2025-26 and applies through assessment year 2029-30.
The government notifies that a government-constituted trust established under an animal husbandry/dairying stimulus will be exempt from tax under the specified income provision of the Income-tax Act for guarantee fees from eligible lending institutions, mutual fund income, miscellaneous income, and interest from banks/financial institutions, subject to conditions: the trust must not engage in commercial activity, its activities and specified income must remain unchanged during the financial years, and it must file returns as required by the Act; the notification operates retrospectively for assessment year 2025-26 and applies through assessment year 2029-30.
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