ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
The central authority amends export policy to restrict export of Red Sanders logs and roots to a Restricted Export Authorisation requiring a PCCF-issued certificate of origin, post-physical verification stock certificates, and case-by-case vetting subject to CITES and other conditions; MOEF&CC will set annual quotas informed by NDF studies and CITES recommendations, with a zero quota for wild specimens until states implement geo-referenced digital inventories and harvest/rotation plans. Effectively, artificially propagated annual export quotas (April-March) are: Andhra Pradesh 280 MT, Tamil Nadu 900 MT, Karnataka 10 MT, Gujarat 100 MT (total 1,290 MT).
The central authority amends export policy to restrict export of Red Sanders logs and roots to a Restricted Export Authorisation requiring a PCCF-issued certificate of origin, post-physical verification stock certificates, and case-by-case vetting subject to CITES and other conditions; MOEF&CC will set annual quotas informed by NDF studies and CITES recommendations, with a zero quota for wild specimens until states implement geo-referenced digital inventories and harvest/rotation plans. Effectively, artificially propagated annual export quotas (April-March) are: Andhra Pradesh 280 MT, Tamil Nadu 900 MT, Karnataka 10 MT, Gujarat 100 MT (total 1,290 MT).
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