Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessm...
Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other ...
Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while ...
Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Special Notified Zone operations for rough-diamond viewing, auction and sale are permitted at Surat International Diatrade Centre in Surat Diamond Bourse, subject to written Customs authorisation, approval of the premises as a customs area, and appointment of the proposed custodian upon compliance with cargo-handling requirements. Eligible foreign mining companies may import rough diamonds only by air cargo, supported by prescribed value, insurance and Kimberley Process documentation. Sold whole lots require buyer-filed bills of entry, valuation based on the mining company's sale invoice, duty payment and out-of-charge before removal. Unsold lots must be re-exported under a shipping bill within 75 days. SIDC and the custodian bear responsibility for security, custody, accounting, delivery and re-export; the former site is to be de-notified after operationalisation.
Special Notified Zone operations for rough-diamond viewing, auction and sale are permitted at Surat International Diatrade Centre in Surat Diamond Bourse, subject to written Customs authorisation, approval of the premises as a customs area, and appointment of the proposed custodian upon compliance with cargo-handling requirements. Eligible foreign mining companies may import rough diamonds only by air cargo, supported by prescribed value, insurance and Kimberley Process documentation. Sold whole lots require buyer-filed bills of entry, valuation based on the mining company's sale invoice, duty payment and out-of-charge before removal. Unsold lots must be re-exported under a shipping bill within 75 days. SIDC and the custodian bear responsibility for security, custody, accounting, delivery and re-export; the former site is to be de-notified after operationalisation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4913 
