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...
Government of India, through the Directorate General of Foreign Trade, has amended Para 4.63 of the Foreign Trade Policy 2023 under powers conferred by the Foreign Trade (Development and Regulation) Act, 1992. Imports under Diamond Imprest Authorisation, previously exempt from various customs duties and related cesses, will now also be exempt from the whole of Integrated Tax and Compensation Cess leviable under sub-sections (7) and (9) of section 3 of the Customs Tariff Act, 1975. The amendment is effective immediately upon issuance of this notification.
Government of India, through the Directorate General of Foreign Trade, has amended Para 4.63 of the Foreign Trade Policy 2023 under powers conferred by the Foreign Trade (Development and Regulation) Act, 1992. Imports under Diamond Imprest Authorisation, previously exempt from various customs duties and related cesses, will now also be exempt from the whole of Integrated Tax and Compensation Cess leviable under sub-sections (7) and (9) of section 3 of the Customs Tariff Act, 1975. The amendment is effective immediately upon issuance of this notification.
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