Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
The Central Government, exercising powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy, deletes Policy Condition No.2(iii) of Chapter 95 of the ITC (HS), 2022 Schedule I (Import Policy); the amendment removes that specific import-policy restriction and takes effect immediately. The notification effectuates the policy change without ancillary procedural conditions and signals that imports governed by Chapter 95 will no longer be subject to the deleted condition from the date of publication.
The Central Government, exercising powers under the Foreign Trade (Development & Regulation) Act and the Foreign Trade Policy, deletes Policy Condition No.2(iii) of Chapter 95 of the ITC (HS), 2022 Schedule I (Import Policy); the amendment removes that specific import-policy restriction and takes effect immediately. The notification effectuates the policy change without ancillary procedural conditions and signals that imports governed by Chapter 95 will no longer be subject to the deleted condition from the date of publication.
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