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...
Import policy for silver bars under ITC(HS) codes 71069221 and 71069229 is amended from "Free" to "Restricted" with immediate effect. The revised policy applies to bars containing 99.9% or more silver and other silver bars, and import is now subject to Policy Condition No. 7 of Chapter 71 of ITC(HS) 2022, Schedule I. The notification also replaces the earlier RBI-regulated free import treatment for these items, thereby tightening the import control regime for specified silver bar classifications.
Import policy for silver bars under ITC(HS) codes 71069221 and 71069229 is amended from "Free" to "Restricted" with immediate effect. The revised policy applies to bars containing 99.9% or more silver and other silver bars, and import is now subject to Policy Condition No. 7 of Chapter 71 of ITC(HS) 2022, Schedule I. The notification also replaces the earlier RBI-regulated free import treatment for these items, thereby tightening the import control regime for specified silver bar classifications.
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