Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Public Notice No. 32/2025-26, issued under the Foreign Trade Policy 2023, amends Para 2.08 of the Handbook of Procedures with immediate effect. Application form ANF-1A is deleted, and its contents are merged into a revised ANF-2A, attached as Annexure I. Para 2.08(c) now provides that details in Importer Exporter Code (IEC) applications will be validated electronically through integration with records of relevant authorities, and applicants must upload specified documents unless exempted by the system. Para 2.08(d) is revised to state that guidelines for post-verification of online IECs will be issued periodically by the Directorate General of Foreign Trade.
Public Notice No. 32/2025-26, issued under the Foreign Trade Policy 2023, amends Para 2.08 of the Handbook of Procedures with immediate effect. Application form ANF-1A is deleted, and its contents are merged into a revised ANF-2A, attached as Annexure I. Para 2.08(c) now provides that details in Importer Exporter Code (IEC) applications will be validated electronically through integration with records of relevant authorities, and applicants must upload specified documents unless exempted by the system. Para 2.08(d) is revised to state that guidelines for post-verification of online IECs will be issued periodically by the Directorate General of Foreign Trade.
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