Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The Directorate renumbers provisions for the Diamond Imprest Authorisation (DIA) scheme: applicants file ANF 4J online; imports/exports permitted only via Mumbai Airport and imports are subject to pre-import conditions; exports must be physical natural cut and polished diamonds ≤0.25 carat, with no one-to-one correlation required; DIA holders must achieve 10% value addition realized in freely convertible currency; deemed exports disallowed; a bond equal to the export obligation and a performance bank guarantee for duty foregone must be executed before customs clearance; exports accepted for EO only after import; DIA validity 12 months, export obligation 18 months, one authorisation per IEC per year, no extensions/revalidations; bonafide default may be regularised by paying customs duty with interest and 1% of FOB shortfall to the public account.
The Directorate renumbers provisions for the Diamond Imprest Authorisation (DIA) scheme: applicants file ANF 4J online; imports/exports permitted only via Mumbai Airport and imports are subject to pre-import conditions; exports must be physical natural cut and polished diamonds ≤0.25 carat, with no one-to-one correlation required; DIA holders must achieve 10% value addition realized in freely convertible currency; deemed exports disallowed; a bond equal to the export obligation and a performance bank guarantee for duty foregone must be executed before customs clearance; exports accepted for EO only after import; DIA validity 12 months, export obligation 18 months, one authorisation per IEC per year, no extensions/revalidations; bonafide default may be regularised by paying customs duty with interest and 1% of FOB shortfall to the public account.
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