Tariff values for precious metals and key edible oils have been reset through substituted tables. This provides clarity and uniformity in valuation where notified.
Only exports routed through foreign post offices enabling electronic processing qualify. This strengthens system-based compliance for postal exports.
References to bills of export now include electronic section 84 entries processed on the automated system. This ensures postal exporters are not excluded due to procedural form.
Headings and provisions are harmonised to include section 84 entries. The key outcome is uniform treatment across export documentation.
Clear timelines for realisation, extensions, and reductions are prescribed with enhanced oversight by Authorised Dealers. This strengthens monitoring of export proceeds.
Registrations from December 2025 will follow a restructured entrance test with a compulsory induction programme. The decision aims to standardise early professional orientation.
The Tribunal held that reopening based on a specific appellate direction is legally valid under section 150(1). The key takeaway is that such directions must be challenged separately and cannot be questioned collaterally in reassessment proceedings.
ITAT Mumbai held that long-term capital gains earned from the transactions, which are grandfathered as per the provisions of Article 13(4) of the India-Mauritius DTAA, doesn’t form part of total income hence cannot be adjusted against the brought forward long-term capital loss incurred by the assessee. Accordingly, order set aside.
The issue was whether TDS credit can be claimed by a person not named in the sale deed. ITAT held that TDS credit belongs only to the actual owners who executed the sale agreement.
The Tribunal upheld cancellation after finding that funding practices influenced editorial content and political narratives. The ruling confirms that such conduct constitutes specified violations warranting loss of charitable status.
