Windfall Tax on Crude Oil, Fuel Exports Removed by Central Government
The Central Government has removed the windfall profit tax on crude oil produced in India and on exports of petrol, diesel, and aviation turbine fuel...
![National Aviation Security Fee Trust Receives Income Tax Exemption from CBDT u/s 10(46) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/CBDT-Income-Tax-Income-Tax-Exemption-Central-Board-of-Direct-Taxes-TAXSCAN.jpg "National Aviation Security Fee Trust Receives Income Tax Exemption from CBDT u/s 10(46) [Read Notification]")
![CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Petroleum-and-Natural-Gas-Regulatory-Board-TAXSCAN.jpg "CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]")
Finance Ministry Announces Retrospective Duty-Free Import for Simply Sawn Diamonds [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) under the Ministry of Finance has issued Notification No. 70/2024-Customs (N.T.) dated October 23, 2024, regarding the retrospective exemption...
Parliament does not have Legislative Competence to Enact a Law taking control of Intoxicating Liquor Industry: Supreme Court [Read Judgement]
The Supreme Court, on Wednesday, ruled that 'industrial alcohol' falls within the scope of 'intoxicating liquor' as defined under Entry 8 of List II (State List) of the Constitution, thus affirming...
India Imposes $217/MT Anti-Dumping Duty on Isopropyl Alcohol Imports from China and Multiple Nations [Read Notification]
With an aim to safeguard the domestic industry, India has imposed an anti-dumping duty of $217 per metric ton on imports of isopropyl alcohol (tariff item 2905 12 20) from China and several other...
"You are Treating the Judicial Staff as if they are Your Subordinates”: SC rebukes Finance Ministry for Asking DRTs to Collect Data [Read Judgement]
In a recent hearing of Superwhizz Professionals Private Limited, the Supreme Court expressed strong disapproval of the Finance Ministry's directive to collect data by the Debts Recovery Tribunals (...
