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...
Authorised Dealers must maintain their NOP-INR positions in the onshore deliverable market within US$ 100 million at the end of each business day. The limit applies to exchange rate management under the RBI's risk management framework and must be complied with at the earliest, and no later than April 10, 2026. The circular operates without prejudice to any permissions or approvals required under other applicable law.
Authorised Dealers must maintain their NOP-INR positions in the onshore deliverable market within US$ 100 million at the end of each business day. The limit applies to exchange rate management under the RBI's risk management framework and must be complied with at the earliest, and no later than April 10, 2026. The circular operates without prejudice to any permissions or approvals required under other applicable law.
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