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...
DGFT has extended its special drive for expeditious issuance of EODCs under the Advance Authorisation and EPCG Schemes from 1 April 2026 to 31 May 2026. The extended drive is intended to clear older pending and deficient applications, with Regional Authorities directed to use an age-wise pendency strategy and prioritise long-pending cases. Trade and authorisation holders are encouraged to promptly submit documents and clarifications and respond within prescribed timelines, with the expected effect of time-bound closure of old authorisations, reduced compliance burden, and consequential customs action on bond redemption and bank guarantee release where applicable.
DGFT has extended its special drive for expeditious issuance of EODCs under the Advance Authorisation and EPCG Schemes from 1 April 2026 to 31 May 2026. The extended drive is intended to clear older pending and deficient applications, with Regional Authorities directed to use an age-wise pendency strategy and prioritise long-pending cases. Trade and authorisation holders are encouraged to promptly submit documents and clarifications and respond within prescribed timelines, with the expected effect of time-bound closure of old authorisations, reduced compliance burden, and consequential customs action on bond redemption and bank guarantee release where applicable.
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