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    Tax deduction at source remains mandatory; interim withholding relief refused while advance ruling applications were treated as withdrawn.
    Accrued liability for post-retirement annuity premium is deductible when it secures an existing contractual obligation.
    Reassessment beyond four years barred absent failure of disclosure; reopening on same material was only a change of opinion.
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    Reassessment notice issued beyond three years needs PCCIT approval under section 151(ii); PCIT sanction was held insufficient.
    ESOP cross-charge deductible as revenue expenditure under section 37(1), following binding precedent on employee compensation.
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      SCMTR implementation has been extended through the transitional...

      SCMTR transition extended with electronic declaration compliance, pending message integration, and stakeholder outreach for smooth implementation.

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      CustomsApril 9, 2026Circulars
      SCMTR implementation has been extended through the transitional period up to 31 March 2026, and stakeholders must submit corrected declarations electronically in the prescribed format during this period. Import-export manifest messages and stuffing messages have already been operationalised, while the remaining inland transshipment messages and SEZ onboarding through API integration are to be developed and brought live by 31 March 2026. Weekly awareness and outreach programmes will be conducted to support compliance and resolve implementation issues, with difficulties to be reported to the SCMTR Cell for prompt resolution.

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      ActsIncome Tax