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Notification No. S.O. 5284(E) Dated:- 14-11-2022 Information Technology
Protected-system status applies to Union Bank of India computer resources supporting core banking, payment, transfer and switch systems, together with associated dependencies identified as Critical Information Infrastructure. Access is authorised for designated employees, need-based managed-service-provider personnel and vendors, and case-by-case approved consultants, regulators, Government officials, auditors and stakeholders, subject to written authorisation.

Notification No. S.O. 5434(E) Dated:- 22-11-2022 Information Technology
Protected-system status applies to critical banking infrastructure, including core banking, payment, transfer, ATM, UPI and interbank financial messaging systems, together with associated dependencies. Access is limited to employees, managed-service-provider personnel, third-party vendors, consultants, regulators, government officials, auditors and stakeholders who receive written authorisation, with vendor access based on need and other external access granted case by case.

Circular No. PUBLIC NOTICE NO.9/2020 Dated:- 14-1-2020 Trade Notice Dated:- 14-1-2020 Trade Notice
ICES permits the port of clearance to debit bonds used for specified Export Promotion schemes as a normal bond debit, using the bond number recorded at licence registration and the registration port. Importers and Customs Brokers must provide the correct bond number and port of registration to the bond officer for licence debit. This avoids correspondence, manual debit confirmation, and delayed bill-of-entry clearance where bonds had been registered locally.

2023 (3) TMI 1649
Case Laws Income Tax
Capital gains valuation under section 50C requires adjustment where comparable sales materially distort the valuation authority's average rate.
Capital-gains valuation under section 50C(2) requires use of the lower of the stamp-duty value and the value determined by the valuation authority. Where an average rate drawn from three comparable sales is materially influenced by a higher-priced instance despite differences in land size and relevant circumstances, the valuation requires adjustment. For recomputation, the sale value is to be adopted at Rs. 480 per sq. metre rather than the DVO's average rate of Rs. 1,012 per sq. metre.

Notification No. S.O. 4166 (E) Dated:- 29-8-2022 Information Technology
Computer resources supporting the Life Insurance Corporation of India's business application and document digitisation systems, along with associated dependencies, are designated as protected systems and treated as Critical Information Infrastructure. Access requires written authorisation from the Life Insurance Corporation of India and may be granted to designated employees, need-based contractual service-provider personnel and third-party vendors, or consultants, regulators, Government officials, auditors and stakeholders on a case-to-case basis.

Notification No. S.O. 4157(E) Dated:- 29-8-2022 Information Technology
Central Government designation under section 79A of the Information Technology Act, 2000 recognises the Forensic Wing Lab, Defence Cyber Agency, as an Examiner of Electronic Evidence within India. Its recognised functions are confined to computer-media forensics, excluding floppy disk drives, and mobile-device forensics. The examiner status does not extend to unspecified electronic-evidence categories.

Working Partner
Manuals Income Tax
Definitions - Definition / Legal Terminology
Working partner means an individual partner actively engaged in conducting the business or professional affairs of the firm. The definition requires both individual partner status and active participation in the firm's operations for the relevant clauses under the Income Tax Act, 2025 and the Income-tax Act, 1961.

Notification No. S.O. 184(E) Dated:- 11-1-2023 Information Technology
Computer resources comprising the National Informatics Centre's email infrastructure, its Critical Information Infrastructure and associated dependencies are classified as protected systems under section 70 of the Information Technology Act, 2000. Access requires written authorisation for designated employees, need-based contractual service-provider or vendor personnel, and case-by-case authorised consultants, regulators, Government officials, auditors and stakeholders. The designation takes effect upon publication in the Official Gazette.

Circular No. FACILITY NOTICE NO. 88 /2015 Dated:- 16-11-2015 Trade Notice Dated:- 16-11-2015 Trade N...
The Tax Payer Service Centre functions as a single-window facility for importers, exporters, customs brokers and other trade members to submit taxpayer queries, complaints and grievances. Each submission receives an immediate unique acknowledgement number for future reference and tracking. Disposal of submitted matters is monitored to secure prompt and effective handling. The facility operates in addition to the Centralised Receipt Section as a trade-facilitation and taxpayer-service measure.

Notification No. S.O. 186(E) Dated:- 11-1-2023 Information Technology
Canara Bank's critical banking computer resources and associated dependencies are protected systems under section 70 of the Information Technology Act, 2000. Access is confined to bank employees with written authorisation, authorised contractual managed-service-provider or third-party-vendor team members requiring need-based access, and consultants, regulators, Government officials, auditors and stakeholders with case-specific written authorisation. Protected-system status takes effect upon publication in the Official Gazette.

Notification No. S.O. 5283(E) Dated:- 14-11-2022 Information Technology
Protected-system status under section 70 of the Information Technology Act, 2000 applies to Bank of Baroda's Core Banking Solution, payment systems, Automated Teller Machine Switch, Unified Payments Interface Switch, and associated computer-resource dependencies. Access is limited to employees, managed-service providers, vendors, consultants, regulators, government officials, auditors, and stakeholders holding written authorisation, subject to need-based or case-specific conditions.

Circular No. PUBLIC NOTICE NO. 18/2020 Dated:- 30-1-2020 Trade Notice Dated:- 30-1-2020 Trade Notice
Tax Payers' Service Centre functions as a single-window system for receiving and handling taxpayer queries, complaints and grievances. Located at a ground-floor cabin adjacent to the RMS Facilitation Centre, it enables importers, exporters and other stakeholders to submit tax-related queries in person or through email, telephone and letters. The Centre supports taxpayer outreach, compliance assistance, grievance handling and ease-of-doing-business measures.

Circular No. F. No. S/22-Gen-402/2017-18/AM(I)Part-I Dated:- 21-1-2020 Trade Notice Dated:- 21-1-202...
Past Social Welfare Surcharge debits made through duty credit scrips under applicable import schemes are accepted as revenue duly collected, and cash recovery is not to be insisted upon. For Bills of Entry filed before 11 January 2020 without use of a duty credit scrip for SWS, reassessment cannot be allowed merely to introduce a scrip subsequently.

Notification No. S.O. 4167(E) Dated:- 29-8-2022 Information Technology
Central Government designated Cyber Forensics Laboratory, Navy Cyber Group, Talkatora Annex, New Delhi as an Examiner of Electronic Evidence within India under section 79A of the Information Technology Act, 2000. Authorised functions were confined to computer (media) forensics, excluding floppy disk drives, and mobile devices forensics. The designation was rescinded on 27 November 2024.

Notification No. S.O. 3259(E) Dated:- 20-7-2022 Information Technology
Critical telecom network infrastructure is designated as Protected Systems under section 70(1) of the Information Technology Act, 2000 where the specified computer resources constitute Critical Information Infrastructure. The designation extends to computer resources associated with, and dependencies of, each listed network element. International Border Gateway Routers and Element Management Systems within every licensed telecom service provider's network fall within this protected scope.

2024 (5) TMI 1725
Case Laws Income Tax
Vivad se Vishwas settlement does not resolve a separate reassessment dispute, requiring appellate adjudication on merits.
Settlement under the Vivad se Vishwas Scheme for an assessment completed under section 143(3) does not settle a separate reassessment made under section 147 read with section 144B. Dismissal of an appeal on the assumption that the reassessment dispute was settled is unsustainable where the scheme settlement concerns only the separate regular assessment. The contested reassessment issues require adjudication on their merits by the appellate authority.

Notification No. S.O. 2808(E) Dated:- 16-6-2022 Information Technology
Critical banking computer resources comprising ICICI Bank's Core Banking Solution, Real Time Gross Settlement, National Electronic Fund Transfer and Structured Financial Messaging Server are declared protected systems under the Information Technology Act, 2000. Associated computer-resource dependencies are also covered. Access is limited to authorised bank employees, authorised managed-service-provider or third-party-vendor personnel requiring need-based access, and case-by-case authorised consultants, regulators, government officials, auditors and stakeholders.

2023 (9) TMI 1791
Case Laws Income Tax
Section 50C valuation requires material land disadvantages to be considered before adopting a valuation for capital gains computation.
Section 50C requires the prescribed stamp-duty value to be adopted for capital-gains computation where declared consideration is lower, subject to the valuation mechanism under Section 50C(2). Land valuation must adequately reflect material factors affecting value, including road and transport access, location, size, timing, amenities and future potential. Where those factors are not properly considered, the valuation may be excessive. On the stated facts, the Section 50C addition was restricted, with the determination confined to the particular assessment circumstances rather than treated as a general precedent.

Notification No. S.O. 2024(E) Dated:- 7-2-2022 Information Technology
Shri Amitesh Kumar Sinha, Joint Secretary, Ministry of Electronics and Information Technology, was designated as the Designated Officer for the procedure governing blocking of public access to information under section 69A(1) of the Information Technology Act, 2000, read with rule 3 of the 2009 procedural and safeguards rules. The designation replaced an earlier designation and was subsequently superseded in October 2023.

Circular No. F. No. S/22-Gen-402/2017-18/AM(I)Part-II Dated:- 2-4-2020 Trade Notice Dated:- 2-4-2020...
Customs arrangements for 24x7 working and extended functioning of assessment groups, docks and laboratory facilities are modified by deleting the words "in China" from paragraph 2. The change removes a geographic qualification from that provision. All other provisions, operational arrangements and requirements relating to the extended customs working framework remain unchanged.

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