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 operative schedule of tariff concessions applicable to imports under the India-EFTA (Iceland) arrangements by substituting the existing table in the earlier customs exemption notification with a revised table specifying item-wise Basic Customs Duty (BCD) rates and corresponding Agriculture Infrastructure and Development Cess (AIDC) and Health Cess rates (largely nil for AIDC and Health Cess) for the listed tariff items. The substituted table governs the concessional duties to be applied for covered goods, thereby altering the applicable customs duty incidence in accordance with the revised rates, with effect from 1 January 2026.
Amends the operative schedule of tariff concessions applicable to imports under the India-EFTA (Iceland) arrangements by substituting the existing table in the earlier customs exemption notification with a revised table specifying item-wise Basic Customs Duty (BCD) rates and corresponding Agriculture Infrastructure and Development Cess (AIDC) and Health Cess rates (largely nil for AIDC and Health Cess) for the listed tariff items. The substituted table governs the concessional duties to be applied for covered goods, thereby altering the applicable customs duty incidence in accordance with the revised rates, with effect from 1 January 2026.
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