Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Renewal permission is granted for Air India Limited, Kolkata to carry export and import transhipment cargo from Air Cargo Complex, Kolkata to other customs-notified Indian airports and vice versa through its domestic flights, subject to prescribed customs conditions. The permission is valid from 01.11.2025 to 31.10.2028, subject to continued validity of amended bank guarantees. The airline remains liable for any shortage or pilferage in transit, with liability extending to the value of transshipped goods in export movement and to customs duty and allied levies in import movement, along with applicable interest and penalties. The arrangement operates under Chapter VIII of the Customs Act, 1962 and the applicable transhipment and cargo-handling regulations and circulars.
Renewal permission is granted for Air India Limited, Kolkata to carry export and import transhipment cargo from Air Cargo Complex, Kolkata to other customs-notified Indian airports and vice versa through its domestic flights, subject to prescribed customs conditions. The permission is valid from 01.11.2025 to 31.10.2028, subject to continued validity of amended bank guarantees. The airline remains liable for any shortage or pilferage in transit, with liability extending to the value of transshipped goods in export movement and to customs duty and allied levies in import movement, along with applicable interest and penalties. The arrangement operates under Chapter VIII of the Customs Act, 1962 and the applicable transhipment and cargo-handling regulations and circulars.
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