Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
The threshold for availing simplified documentation for issuance of duplicate securities certificates is increased from ₹5 lakh to ₹10 lakh, requiring submission of a standardised Affidavit-cum-Indemnity bond on appropriate non-judicial stamp paper, thereby reducing procedural burden for claims within this value band. For securities valued up to ₹10,000, notarisation is dispensed with and only an undertaking on plain paper is required, thereby enabling quicker low-value restitutions. For securities valued above ₹10 lakh, documentation is rationalised to additionally require an FIR/e-FIR/police complaint or specified court records containing security identifiers, and the listed company must publish a loss advertisement; processing timelines run from completion of documents or publication (whichever is later), with a minimal advertisement fee permissible. The changes apply immediately, including to pending requests, without requiring resubmission of already-filed documents.
The threshold for availing simplified documentation for issuance of duplicate securities certificates is increased from ₹5 lakh to ₹10 lakh, requiring submission of a standardised Affidavit-cum-Indemnity bond on appropriate non-judicial stamp paper, thereby reducing procedural burden for claims within this value band. For securities valued up to ₹10,000, notarisation is dispensed with and only an undertaking on plain paper is required, thereby enabling quicker low-value restitutions. For securities valued above ₹10 lakh, documentation is rationalised to additionally require an FIR/e-FIR/police complaint or specified court records containing security identifiers, and the listed company must publish a loss advertisement; processing timelines run from completion of documents or publication (whichever is later), with a minimal advertisement fee permissible. The changes apply immediately, including to pending requests, without requiring resubmission of already-filed documents.
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