CBDT has notified the Indian Institute for Human Settlements as an approved institution for social science and statistical research under Section 45. The approval is valid from tax years 2026-27 to 2030-31, subject to prescribed compliance conditions.
CBIC has introduced a uniform Deficiency Memo format for Section 74 drawback claims, standardizing document requirements and claim processing across Customs formations.
The IBBI First Appellate Authority held that although the CPIO failed to respond within the statutory 30-day period under the RTI Act, the appeal did not warrant interference because the requested information had been satisfactorily furnished. The Authority nevertheless urged strict adherence to statutory timelines in future.
CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC applications.
CBIC has directed provisional assessment of imports of Glufosinate and its salt from China pending the anti-absorption review. Importers must furnish an additional guarantee while existing anti-dumping duty continues to apply.
CBIC has directed provisional assessment of Insoluble Sulphur imports from China while the anti-absorption review remains pending. Importers must furnish guarantees in addition to the existing anti-dumping duty to safeguard possible duty enhancement.
CBIC has clarified that drawback under Section 74 and refund under Section 27 cannot be paid in cash where import duty was discharged through Duty Credit Scrips. Eligible amounts must be granted through re-credit, ensuring uniform implementation across Customs formations.
IBBI cancelled an IP’s registration over systemic CIRP misuse, flawed valuations, non-disclosures, compliance failures and lack of due diligence.
ICAI has proposed revised minimum stipend rates for articled assistants based on city population while inviting stakeholder feedback before finalising the amendment.
CBDT has clarified that lessees need not deduct TDS on ship lease payments once the IFSC lessor submits Form 1(N), provided the Section 147 conditions are satisfied.
