Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
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...
Export of organic sugar classified under HS codes 17011490 and 17019990 is modified from a standing "restricted till further orders" condition to a permission regime subject to a quantitative cap. The revised policy condition permits exports only up to an aggregate ceiling of 50,000 metric tonnes per financial year, to be administered in accordance with the procedures prescribed under FTP 2023 (as amended from time to time) and the export-allocation modalities to be issued by APEDA, thereby allowing exports within the annual ceiling with immediate effect.
Export of organic sugar classified under HS codes 17011490 and 17019990 is modified from a standing "restricted till further orders" condition to a permission regime subject to a quantitative cap. The revised policy condition permits exports only up to an aggregate ceiling of 50,000 metric tonnes per financial year, to be administered in accordance with the procedures prescribed under FTP 2023 (as amended from time to time) and the export-allocation modalities to be issued by APEDA, thereby allowing exports within the annual ceiling with immediate effect.
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