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...
Procedure permits movement of Persian Gulf bound transshipment containers from Visakha Container Terminal to a designated Container Freight Station subject to specified transit security and documentary controls: the CFS must furnish a transit bond for approval and the bond will be debited at movement and re credited on receipt proof; containers must be segregated in a demarcated area and will not mingle with general cargo; ITP Cell will issue ICCD/TP after document verification; the CFS must submit fortnightly reconciliation statements to ITP Cell. This facilitation applies only until 31 March 2026 and existing terms of the earlier Public Notice remain unchanged.
Procedure permits movement of Persian Gulf bound transshipment containers from Visakha Container Terminal to a designated Container Freight Station subject to specified transit security and documentary controls: the CFS must furnish a transit bond for approval and the bond will be debited at movement and re credited on receipt proof; containers must be segregated in a demarcated area and will not mingle with general cargo; ITP Cell will issue ICCD/TP after document verification; the CFS must submit fortnightly reconciliation statements to ITP Cell. This facilitation applies only until 31 March 2026 and existing terms of the earlier Public Notice remain unchanged.
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