Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
DGFT inserts five notes under SIONs M-1 to M-8 for gems and jewellery products, with immediate effect, to regulate Advance Authorisation for gold imports. A maximum quantity limit of 100 kilograms is prescribed for gold import under Advance Authorisation. First-time applicants must undergo mandatory physical inspection of their manufacturing facility, and subsequent authorisations are to be considered only after at least 50% of the export obligation under prior gold authorisations is fulfilled. The holder must file fortnightly performance reports certified by an independent Chartered Accountant, while the Regional Authority must send monthly consolidated reports to DGFT Headquarters for monitoring.
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