Reassessment under s.148A held valid; s.69 additions totaling Rs.7,00,000 deleted after acceptable contemporaneous explanations for property investmen...
Adjudication set aside; Rule 9 valuation based on internet engineer report quashed for Rule 3(4) non-compliance; Section 138B cross-examination requir...
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
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