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 Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified goods - including crude and RBD palm oil and palmolein, crude soybean oil, brass scrap (all grades), gold and silver in specified forms, and areca nuts - stating values in US$ per metric tonne or per unit as set forth in the substituted tables; the legal effect is that these prescribed tariff values are the operative customs tariff values for the listed tariff items, replacing prior values. The amendments take effect on 16 January 2026.
Amends Notification No. 36/2001-Customs (N.T.) by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values for specified goods - including crude and RBD palm oil and palmolein, crude soybean oil, brass scrap (all grades), gold and silver in specified forms, and areca nuts - stating values in US$ per metric tonne or per unit as set forth in the substituted tables; the legal effect is that these prescribed tariff values are the operative customs tariff values for the listed tariff items, replacing prior values. The amendments take effect on 16 January 2026.
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