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...
The Central Excise (Amendment) Rules, 2026 insert identical provisos in rules 18 and 19 to exclude motor spirit (petrol), high-speed diesel oil and aviation turbine fuel from the rebate and export-without-payment-of-duty framework, except where exported by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh and Sri Lanka. The amendment takes immediate effect and narrows the scope of export concessions for these specified petroleum products, while preserving the stated exception for exports by Public Sector Oil Companies to the named neighbouring countries.
The Central Excise (Amendment) Rules, 2026 insert identical provisos in rules 18 and 19 to exclude motor spirit (petrol), high-speed diesel oil and aviation turbine fuel from the rebate and export-without-payment-of-duty framework, except where exported by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh and Sri Lanka. The amendment takes immediate effect and narrows the scope of export concessions for these specified petroleum products, while preserving the stated exception for exports by Public Sector Oil Companies to the named neighbouring countries.
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