Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
A partial amendment revises the import policy for synthetic knitted fabric under ITC (HS) code 60053600: imports remain "Restricted" with a Minimum Import Price (MIP) of USD 3.50 per kg, but fabrics in the 28-48 grams per square meter (GSM) range are exempt from the MIP. MIP conditions for other notified HS codes remain unchanged. Inputs imported by Advance Authorisation holders, Export Oriented Units and units in SEZ are exempt from the MIP provided the imports are not sold into the Domestic Tariff Area.
A partial amendment revises the import policy for synthetic knitted fabric under ITC (HS) code 60053600: imports remain "Restricted" with a Minimum Import Price (MIP) of USD 3.50 per kg, but fabrics in the 28-48 grams per square meter (GSM) range are exempt from the MIP. MIP conditions for other notified HS codes remain unchanged. Inputs imported by Advance Authorisation holders, Export Oriented Units and units in SEZ are exempt from the MIP provided the imports are not sold into the Domestic Tariff Area.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
