Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
The Export Policy for wheat under the specified HS codes remains prohibited, but the Government has authorised a capped quantity of wheat exports and will prescribe detailed modalities via a separate Public Notice to be issued by DGFT; this authorised export is subject to the existing policy condition permitting additional exports when the Government grants permission to foreign governments to meet food security needs upon their request, which applies over and above the authorised quantity. The amendment amends Chapter 10 of Schedule 2 of the ITC (HS) Export Policy and preserves prior policy conditions.
The Export Policy for wheat under the specified HS codes remains prohibited, but the Government has authorised a capped quantity of wheat exports and will prescribe detailed modalities via a separate Public Notice to be issued by DGFT; this authorised export is subject to the existing policy condition permitting additional exports when the Government grants permission to foreign governments to meet food security needs upon their request, which applies over and above the authorised quantity. The amendment amends Chapter 10 of Schedule 2 of the ITC (HS) Export Policy and preserves prior policy conditions.
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