Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
Facility establishes Automated Out of Charge (Auto-OoC) for import consignments where NCTC assigns Auto-OoC based on risk criteria; Auto-OoC is granted only if the bill of entry is not selected for examination, scanning, or any prior to clearance PGA NOC, assessment is complete, and applicable duty is paid. Any officer imposed "Hold" (per ICES Advisory 34/2024) overrides and prevents Auto OoC even when NCTC treatment is assigned. The notice directs stakeholders to publicize the change, treats the notice as a standing order for port officers, and provides contact points for trade and officer difficulties.
Facility establishes Automated Out of Charge (Auto-OoC) for import consignments where NCTC assigns Auto-OoC based on risk criteria; Auto-OoC is granted only if the bill of entry is not selected for examination, scanning, or any prior to clearance PGA NOC, assessment is complete, and applicable duty is paid. Any officer imposed "Hold" (per ICES Advisory 34/2024) overrides and prevents Auto OoC even when NCTC treatment is assigned. The notice directs stakeholders to publicize the change, treats the notice as a standing order for port officers, and provides contact points for trade and officer difficulties.
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