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 has directed that imports of aerospace-grade hydrogen peroxide for non-commercial research and development are exempt from the Hydrogen Peroxide (Quality Control) Order, 2022 (which mandated BIS standard IS 2080:2021), because the national standard lacks specifications for aerospace-grade material; the exemption follows an industry representation and BIS consultation and requires customs formations to be instructed to implement the exemption and report any difficulties to the Board.
The government has directed that imports of aerospace-grade hydrogen peroxide for non-commercial research and development are exempt from the Hydrogen Peroxide (Quality Control) Order, 2022 (which mandated BIS standard IS 2080:2021), because the national standard lacks specifications for aerospace-grade material; the exemption follows an industry representation and BIS consultation and requires customs formations to be instructed to implement the exemption and report any difficulties to the Board.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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