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...
Amendment extends the manner of issuing duty credit under the RoDTEP scheme to include exports effected by electronic entries under section 84 of the Customs Act (exports by post): clause (c) and relevant table entries are amended to treat an electronic entry made under section 84 "processed" like a bill of export, and clause (d) is substituted to permit issuance against a shipping bill, bill of export or an electronic entry under section 84 where the order permitting clearance and loading under section 51 or section 84 has been made, thereby enabling duty credit issuance for electronically processed postal exports; the Explanation is similarly amended.
Amendment extends the manner of issuing duty credit under the RoDTEP scheme to include exports effected by electronic entries under section 84 of the Customs Act (exports by post): clause (c) and relevant table entries are amended to treat an electronic entry made under section 84 "processed" like a bill of export, and clause (d) is substituted to permit issuance against a shipping bill, bill of export or an electronic entry under section 84 where the order permitting clearance and loading under section 51 or section 84 has been made, thereby enabling duty credit issuance for electronically processed postal exports; the Explanation is similarly amended.
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