Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
Tariff values under Customs Act section 14 are revised for specified goods by substituting Tables 1 to 3 in the principal customs notification. The amended tables set new tariff values for crude palm oil, palmolein, soya bean oil, brass scrap, gold and silver in specified forms, while areca nut remains unchanged at the earlier tariff value. The notification also clarifies the covered forms of gold and silver, including exclusions for certain post, courier or baggage imports and specific silver and gold categories. The amendments take effect from 16 May 2026.
Tariff values under Customs Act section 14 are revised for specified goods by substituting Tables 1 to 3 in the principal customs notification. The amended tables set new tariff values for crude palm oil, palmolein, soya bean oil, brass scrap, gold and silver in specified forms, while areca nut remains unchanged at the earlier tariff value. The notification also clarifies the covered forms of gold and silver, including exclusions for certain post, courier or baggage imports and specific silver and gold categories. The amendments take effect from 16 May 2026.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4816 
Join Channel 
