SHRI HARI OM MARATHA, JUDICIAL MEMBER AND SHRI N.S. SAINI, ACCOUNTANT MEMBER For the Department : Shri K.E.B Rengarajan, Jr. Standing Counsel For the Assessee : Shri R.Vijayaraghavan ORDER PER BENCH:  This is a bunch of twelve appeals - six appeals by the Revenue for assessment years 1999-2000 to 2004-05 and six by the assessee for assessment years 2000-01 to 2005-06. In all these appeals, almost identical issues are involved, therefore, for the sake of convenience and brevit... ... ...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 130 OF 2026-CBDT New Delhi, the 28th September, 2026 S.O. 5333(E).- In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves Institute for Financial Management and Research, Chennai (PAN: AAATI2605P) for Research in Social Science or Statistical Research as other institution under the category of University, college or other institution, for ... ... ...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 129 OF 2026-CBDT New Delhi, the 28th September, 2026 S.O. 5332(E).- In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves UPASI Tea Research Foundation, Tamil Nadu (PAN: AAATU0634L) for Scientific Research as 'Other Institution' under the category of University, college or other institution, for the purposes of section 45(3)(a)(i) of the s... ... ...

OFFICE OF COMMISSIONER OF CUSTOMS (NS-II) JAWAHAR LAL NEHRU CUSTOM HOUSE, NHAVA SHEVA TAL: URAN, DIST. RAIGAD, MAHARASHTRA-400707. F. No. S/12-Gen-02/2019-20-AM(X)/JNCH Date: 17.02.2020 PUBLIC NOTICE No. 22/2020 SUBJECT: - regarding. It is brought to the notice and information of the Exporters, Customs Brokers and all other Stakeholders that Government has set an objective to turn each District as an export hub for specific goods. In this regard, Board is also going to issu... ... ...

Section 80P deduction on interest income from deposits with cooperative and nationalised banks - Business-expenditure disallowance and enhancement of deduction-eligible income Section 80P deduction on interest income from deposits with cooperative and nationalised banks - Eligibility of interest income from savings and deposit accounts with cooperative and nationalised banks for deduction under section 80P - HELD THAT: - The Tribunal applied the position as in SHRI BHAIRAVNATH MULTISTATE COOP... ... ...

Restoration of GST registration cancelled for non-filing of returns - Restoration of GST registration cancelled for non-filing of GSTR-3B and GSTR-1 returns - HELD THAT: - Cancellation of GST registration has severe civil consequences as it disables the assessee from carrying on business. This Court is bound by the Division Bench judgement Subhankar Golder [2024 (5) TMI 1262 - CALCUTTA HIGH COURT] and Subhendu Dutta [2026 (7) TMI 2031 - CALCUTTA HIGH COURT] wherein holds that where the cancel... ... ...

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 128 OF 2026-CBDT New Delhi, the 28th September, 2026 S.O. 5331(E).- In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Santhigiri Ashram, Thiruvananthapuram (PAN: AABTS9123P) for Research in Social Science or Statistical Research under the category of University, college or other institution, for the purposes of section 45(3)(a)(ii)... ... ...

Reverse-charge liability on rent is considered where a company registered under GST only in Punjab maintains an administrative and accounting office in Delhi. The office makes no taxable supplies, the property is rented from an unregistered individual, and the company's manufacturing and outward supplies are conducted from Punjab. The issues concern applicability of reverse charge, the appropriate GSTIN for discharging any tax, and availability of input tax credit on tax paid.

Approval is granted to the Indian Institute of Health Management Research, Jaipur for scientific research as a university, college or other institution for the tax years 2026-2027 to 2030-2031. Continued applicability requires approval as a Scientific and Industrial Research Organization in every relevant tax year, compliance with rule 34, annual filing of the donation statement in Form No. 15 by the prescribed deadline, and issuance of Form No. 16 certificates to donors specifying donation amounts.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 126 OF 2026-CBDT New Delhi, the 28th September, 2026 S.O. 5329(E).- In pursuance of the section 45(4)(b) of the Income-tax Act, 2025, the Central Government hereby approves the Bhartiya Sanskriti Darshan Trust, Pune (PAN: AAATB1169R) for Scientific Research under the category of University, college or other institution, for the purposes of section 45(3)(a)(i) of the said Act of 2025 and ru... ... ...

SHRI SAKTIJIT DEY, VICE-PRESIDENT AND SHRI M. BALAGANESH, ACCOUNTANT MEMBER For the Assessee : Sh. Sarthak Jain, Advocate For the Department : Sh. Anuj Garg, Sr. DR ORDER PER SAKTIJIT DEY, VICE-PRESIDENT Captioned appeal by the Revenue arises out of order dated 10.05.2023 of learned Commissioner of Income Tax (Appeals) -23, New Delhi, for the assessment year 2016-17. 2. Grounds raised by the Revenue are as under: 1. Whether on the facts and in the circumstances of the ... ... ...

Approval for Voluntary Health Services, Chennai as an other institution for scientific research applies for tax years 2026-2027 through 2030-2031. Continued effectiveness requires SIRO approval for each covered tax year, compliance with rule 34, annual Form No. 15 donation reporting by 31 May following the tax year of receipt, and Form No. 16 certificates to donors specifying the donation amount.

Approval for scientific research as a Research Association is effective for the tax years 2026-2027 to 2030-2031. It remains conditional on continued SIRO approval, compliance with rule 33, annual preparation and delivery of Form No. 15 statements by the prescribed deadline, and issuance of Form No. 16 certificates to donors specifying donation amounts.

Scientific research approval is granted to Ashoka Trust for Research in Ecology and the Environment, Bengaluru, as an "other institution". The approval requires continued recognition as a Scientific and Industrial Research Organization, compliance with prescribed conditions, annual filing of the donation statement in Form No. 15, and issuance of Form No. 16 certificates to donors specifying donation amounts. It applies for tax years 2026-27 through 2030-31.

Scientific research approval recognises Schizophrenia Research Foundation (I), Chennai as an other institution for the scientific-research donation framework. Its continued effectiveness requires retention of Scientific and Industrial Research Organization approval and compliance with prescribed conditions. The Foundation must file a donation statement in Form No. 15 for each tax year within the stipulated period and issue donors Form No. 16 certificates specifying donation amounts. The approval applies for tax years 2026-2027 through 2030-2031.

For Assessment Year 2026-27, the due date for furnishing the return of income by persons covered by serial number 2 of the table below Explanation 2 to section 139(1) is extended to 21 November 2026. Consequentially, the specified date for furnishing the tax audit report is extended to 21 October 2026 under clause (ii) of the Explanation to section 44AB.

Section 140 permits an eligible start-up to claim a full deduction of profits derived from eligible business for any chosen three consecutive tax years within ten years of incorporation. Eligibility requires a qualifying company or limited liability partnership engaged in innovation-oriented or scalable business, compliance with incorporation, turnover and certification conditions, and restrictions on reconstruction and use of previously used machinery. The deduction requires audited accounts and timely audit reporting, with eligible-business profits computed independently and internal transfers valued at market value or an arm's length basis where applicable.

Indian Customs Waters extend to the Exclusive Economic Zone and give Customs law a maritime enforcement reach beyond ports and the shoreline. Customs officers may, where statutory conditions are met, stop and search vessels, search persons, arrest persons, and act against prohibited or undeclared goods intended for unlawful importation. Geographical presence within Indian Customs Waters does not make Customs the regulator of all maritime activities; fishing, offshore resources, security and environmental matters remain subject to their specialised statutory regimes.

The Goods and Services Tax Appellate Tribunal is presented as a specialised appellate forum requiring stronger infrastructure, permanent premises and adequate supporting personnel for effective GST adjudication. Its freely accessible E-Journal consolidates significant orders and emerging GST jurisprudence, including issues concerning personal hearing and proper notice, e-way bill penalties, tax-head classification, section 74 proceedings, GSTR-2A and GSTR-3B mismatch, pre-deposit, and waiver of interest and penalty. First appellate authorities are expected to decide appeals consistently with applicable legal requirements.

Trading by an insider while in possession of unpublished price-sensitive information gives rise to a presumption that the trade was motivated by that information. Commercial necessity, financial distress, subsequent use of sale proceeds, absence of personal enrichment, and lack of immediate share-price movement do not rebut that presumption. Permitted defences are confined to structured, transparent, or regulated transactions that negate misuse of UPSI. Liability does not require proof of profit, and loss avoided may support remedial disgorgement.