Reasoned rectification orders require consideration of expenditure disclosed in income-tax returns, preventing revision based on incomplete income com...
Modified returns after business reorganisations cannot trigger fresh scrutiny once the original assessment was complete, invalidating related transfer...
Third-party loose sheets require reliable nexus before supporting unexplained expenditure additions; presumptions do not establish payer identity or o...
TNMM comparability using audited accounts and working-capital adjustments can eliminate unwarranted transfer-pricing additions where verified margins ...
Gross-profit additions on disputed purchases require reasoned appellate determination; disclosed claims alone do not support inaccurate-particulars pe...
Limitation after transfer-pricing remand: fresh TPO reference did not extend the assessment deadline, rendering the consequential assessment time-barr...
Interim judicial restraint on tax deduction prevents default, while supporting reasonable cause and penalty deletion for foreign-leg LFC reimbursement...
Palmolein classification defeated the crude-oil concession; material misdeclaration sustained recovery and confiscation, while separate false-document...
Import of insecticides included in the Schedule to the Insecticides Act for non-insecticidal use, including acrylonitrile, requires an import permit under the amended Insecticides Rules. Applications must be filed with the Registration Committee in Form IA, supported by information on manufacturing use, storage, regulatory approvals, import history and consumption. The Committee may verify the information, process complete applications within the prescribed timeframe, and issue permits generally valid for one year or for three years where the importer holds pesticide-registration certification for raw-material use. Pending portal applications are subject to the revised requirements. Incomplete applications may be rejected, and permits may be cancelled for incorrect information. Small unit packs of certified reference materials or reference standards are exempt.
Import of insecticides included in the Schedule to the Insecticides Act for non-insecticidal use, including acrylonitrile, requires an import permit under the amended Insecticides Rules. Applications must be filed with the Registration Committee in Form IA, supported by information on manufacturing use, storage, regulatory approvals, import history and consumption. The Committee may verify the information, process complete applications within the prescribed timeframe, and issue permits generally valid for one year or for three years where the importer holds pesticide-registration certification for raw-material use. Pending portal applications are subject to the revised requirements. Incomplete applications may be rejected, and permits may be cancelled for incorrect information. Small unit packs of certified reference materials or reference standards are exempt.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4905 
