PFRDAs 2026 amendment allows Pension Funds to engage entities for specific purpose schemes under NPS, subject to Authority guidelines and oversight.
CBIC Notification No. 66/2026-Customs (N.T.) adds Udangudi, Tamil Nadu, for unloading of imported coal by amending Notification No. 62/1994.
ITAT Visakhapatnam deleted Section 271AAB penalty, holding the Revenue failed to establish undisclosed income despite search disclosures.
ITAT Chennai set aside Section 271AAB penalty after holding the penalty notice vague for not specifying the applicable charge.
ITAT Kolkata upheld deletion of Section 271AAB penalty, holding recorded commodity income did not qualify as undisclosed income under the Act.
ITAT Indore upheld Section 10(23C)(iiiab) exemption and Section 57(iii) expenditure claim for an educational institution, dismissing the Revenue’s appeal.
ITAT Delhi quashed the Section 12AB registration cancellation order, holding the PCIT lacked jurisdiction to cancel registration granted under Section 12AA.
ITAT Bangalore held Section 12A registration cannot be cancelled under Section 12AB(4) for AY 2021-22 and quashed the PCIT’s cancellation order.
CESTAT Mumbai set aside customs broker licence revocation, forfeiture and penalties after finding alleged CBLR violations unsupported by evidence and law.
CESTAT Mumbai set aside customs broker licence revocation, forfeiture and penalties, finding violations of Regulations 10(d), 10(e), 10(f) and 10(m) unproved.
