Exemption from Custom Duty on certain goods when imported by AIFF for organising Women’s Asian Cup India, 2022

Notification No.1/2022-Customs Dated January 18th, … Continue reading “Exemption from Custom Duty on certain goods when imported by AIFF for organising Women’s Asian Cup India, 2022”

Time for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen extended till 30.09.2022: Circular

Circular No.01/2022-Customs Dated January 18th, … Continue reading “Time for re-exports of ISO containers meant for transportation of Liquid Medical Oxygen extended till 30.09.2022: Circular”

SC upholds NCLAT order on winding up of DEVAS ‘for turning out to be ASURAS’ on the grounds of fraud u/s 271(1)(c)

Case Details: Devas Multimedia (P.) … Continue reading “SC upholds NCLAT order on winding up of DEVAS ‘for turning out to be ASURAS’ on the grounds of fraud u/s 271(1)(c)”

Forex loss arising on loan obtained from Foreign Currency Non-Resident a/c for business purpose is allowable: HC

Case Details: PCIT v. United … Continue reading “Forex loss arising on loan obtained from Foreign Currency Non-Resident a/c for business purpose is allowable: HC”