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...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Amends the retail sale price-based valuation table under Notification No. 01/2022-Central Excise (N.T.) by substituting, at Sl. No. 2 in column (3), the entry "Pan masala containing tobacco" with "Gutkha". This change takes effect from 1 February 2026, with the consequence that, for the specified serial entry, the retail price valuation prescription applies to "Gutkha" as described, rather than to "Pan masala containing tobacco".
Amends the retail sale price-based valuation table under Notification No. 01/2022-Central Excise (N.T.) by substituting, at Sl. No. 2 in column (3), the entry "Pan masala containing tobacco" with "Gutkha". This change takes effect from 1 February 2026, with the consequence that, for the specified serial entry, the retail price valuation prescription applies to "Gutkha" as described, rather than to "Pan masala containing tobacco".
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
