The case addresses withdrawal of an advance ruling request before its pronouncement. The authority permitted withdrawal under Regulation 20, leaving the classification and duty issues undecided.
The authority dropped penalty proceedings after finding that the company had already shifted its registered office and the error was unintentional. Timely compliance and lack of mala fide intent proved crucial.
The amendment mandates that Certificates of Origin can only be issued by DGFT-authorised agencies. It also introduces strict invoice matching requirements to ensure automated verification and compliance.
FSSAI amended its 2021 notification by omitting several serial entries of Food Safety Officers. The update refines enforcement structure and jurisdiction allocation.
Income transferred without transferring the underlying asset remains taxable in the hands of the transferor. The provisions ensure that tax liability cannot be avoided through indirect income transfers.
The case explains how salary income is computed on a gross basis with only specific deductions permitted. It clarifies the scope of taxable components and highlights the restrictive nature of allowable deductions under the Income-tax Act.
The appellate authority held that RTI applications cannot seek interpretations or clarifications on legal issues like treatment of flats in CIRP. Only existing records held by authorities can be disclosed under the RTI Act.
The DGFT has extended its EODC issuance drive until May 31, 2026 to clear pending applications under AA and EPCG schemes. The move emphasizes faster disposal of old and deficient cases while reducing compliance burden on exporters.
The DGFT has granted a one-time 30-day extension for diamond re-import timelines under FTP 2023. This move addresses logistical delays caused by geopolitical instability and ensures exporters retain zero-duty benefits. It provides temporary relief to affected shipments within a specified period.
The latest amendment excludes income arising from transfer of pre-2017 investments from GAAR scrutiny. It reinforces the protection of grandfathered investments despite broader applicability of anti-avoidance provisions.
