Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Import of restricted IT hardware under HSN 8471 (laptops, tablets, all-in-one PCs, ultra small form factor computers and servers) for calendar year 2026 is to be managed through the Import Management System requiring importers to obtain an import authorization by applying on the DGFT website. The application portal will remain open from 22.12.2025 to 15.12.2026; authorizations issued under the system will be valid until 31.12.2026, and multiple applications may be filed within the year. Amendment requests during an authorization's validity may be submitted online, and a mid-term review may be undertaken to update inputs; the prescribed procedure may be amended, modified, suspended, or withdrawn, affecting continued availability and terms of authorization.
Import of restricted IT hardware under HSN 8471 (laptops, tablets, all-in-one PCs, ultra small form factor computers and servers) for calendar year 2026 is to be managed through the Import Management System requiring importers to obtain an import authorization by applying on the DGFT website. The application portal will remain open from 22.12.2025 to 15.12.2026; authorizations issued under the system will be valid until 31.12.2026, and multiple applications may be filed within the year. Amendment requests during an authorization's validity may be submitted online, and a mid-term review may be undertaken to update inputs; the prescribed procedure may be amended, modified, suspended, or withdrawn, affecting continued availability and terms of authorization.
Note: It is a system-generated summary and is for quick reference only.
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