CBIC appointed the Principal Commissioner of Customs (Import), Mumbai, as the common adjudicating authority for multiple customs show cause notices.
Notification No. 64/2026-Customs (N.T.) revises the All Industry Rates (AIR) of duty drawback for gold jewellery and silver jewellery/articles under tariff items 711301, 711302 and 711401. Compare the revised rates with Notification No. 41/2026 and understand the continued eligibility conditions.
IBBI DC warned an insolvency professional and imposed a ₹25,000 penalty over professional engagement and relationship disclosure lapses.
IFSCA amends the Master Circular for Credit Rating Agencies, revising rating, recordkeeping, disclosure and issuer consultation requirements with immediate effect.
Delhi ITAT quashed a Section 271(1)(c) penalty on PF disallowance after finding no recorded satisfaction in the assessment order for that addition.
ITAT Chennai deleted Section 271B penalties, holding that delayed filing of the tax audit report before assessment was a technical breach.
ITAT Mumbai allowed expatriate salary deduction, upheld DTAA relief, sustained part TP adjustment and rejected section 40(a)(i) disallowance.
ITAT Mumbai quashed reassessment after holding Section 148 notice and Section 148A(d) order were approved by an incompetent authority under Section 151.
ITAT Mumbai quashed reassessment under Sections 147/148, holding search-based proceedings founded on seized material had to follow Section 153C.
ITAT Bangalore deleted the DAPE-based business income addition where the Indian AE was at arm’s length and remanded the refund interest issue to the AO.
