Search and seizure in tax investigation reveals unaccounted income and assets, prompting prohibitory orders and further verification.
Searches targeted a lottery marketing agent group and related real estate and finance businesses, uncovering documentary and electronic evidence, cash and jewellery and prompting prohibitory orders. The assessee admitted unaccounted income from stockists linked to manipulation of prize-winning tickets and offered further unaccounted receipts from real estate and loan interest to tax after reconciliation; portions of cash were seized while other assets remain under verification.

Tariff value adjustment for specified edible oils, metals and agricultural commodities updates import valuation and customs assessment.
Amendment substitutes new tariff values in Notification No. 36/2001-Customs (N.T.) by replacing TABLE-1, TABLE-2 and TABLE-3 with updated US dollar tariff values per metric tonne or per unit for specified commodities, including crude palm oil, RBD palm oil, other palm oil and palmolein variants, crude soybean oil, brass scrap (all grades), poppy seeds, areca nuts, and unit values for gold and silver where notification benefits are availed.

Corporate liquidation process: priority for rescue via compromise or going concern sale with stakeholder oversight and timelines.
The paper proposes preserving value in liquidation by prioritising rescue via compromise or arrangement and by enabling structured Going Concern Sale options-either transfer of the corporate debtor as an entity with issuance of share capital to the acquirer or transfer of the business with dissolution-supported by time bound procedures, valuation and packaging rules, secured creditor relinquishment timelines, employee protection, and a Stakeholders Consultation Committee to advise the liquidator while the liquidator retains ultimate decision authority.

Search and seizure operations uncover undisclosed income channels and off book transactions in a pharmaceutical distribution network.
Search and seizure operations against a monopoly pharmaceutical distributor produced documentary and digital material indicating systematic concealment of income, off book sales proceeds used to suppress profits, diversion of abnormal profits into real estate and family expenditure, and discovery of an undisclosed bank account and multiple bank lockers channeling unaccounted receipts.

Tax evasion exposed through coordinated search and seizure revealing shell-company schemes and cross-border fund layering.
A coordinated search and seizure on a power-sector group uncovered systemic concealment of income through shell companies, accommodation entries and bogus loans, extensive bogus billing and out-of-books cash receipts, over-invoicing and round-tripping of imports, and use of foreign operators to park unaccounted remittances and purchase property abroad, with seizure of unaccounted assets and detection of large-scale tax non-compliance.

Profit attribution to Permanent Establishment: stakeholders invited to comment on Committee report and proposed Rule 10 changes.
The press release invites stakeholder comments on a Committee report examining profit attribution to a Permanent Establishment under the tax-treaty business-profits provision and corresponding domestic law, including proposed changes to Rule 10 of the Income-tax Rules, 1962. The report addresses attribution where PE accounts are unavailable and the Assessing Officer's role in determining profits. The Committee's recommendations have been published and stakeholders may submit electronic comments within thirty days to the specified departmental email.

Tariff valuation revised for specified edible oils, metals and agricultural commodities, updating customs assessment values.
The Board, invoking section 14(2) of the Customs Act, amends Notification No. 36/2001 Customs (N.T.) by substituting three tables that fix tariff values for specified imports: TABLE 1 sets per metric tonne values for various edible oils, brass scrap and poppy seeds; TABLE 2 sets unit values for gold and silver where specified benefits are claimed; and TABLE 3 sets the per metric tonne value for areca nuts, thereby updating customs valuation benchmarks.

Search and seizure in tax probe uncovers unexplained cash at a professional's residence during an election-related inquiry.
A tax authority executed a search at the residence of a freelance cost accountant following an intelligence tip that cash was being held for election use; the accountant later disclosed providing services to an identified Member of Parliament and a substantial sum of unexplained cash was seized. The enforcement action was limited to the accountant's residence and did not extend to premises of the political figure.

Unaccounted cash and hawala transfers prompt large-scale searches revealing bogus billing and benami property links.
Search and seizure action recovered cash, liquor, arms and records documenting collection and disbursement of unaccounted cash, revealed transfers through hawala to a political party headquarters, and identified a cash book evidencing extensive unaccounted transactions, siphoning via bogus billing, use of companies in tax havens, and suspected benami properties at high value locations.

Aadhaar PAN linking requirement: taxpayers must quote Aadhaar when filing returns; linking deadline extended for exemptions.
CBDT clarifies that the cut off date for Aadhaar PAN linking is extended to a later deadline for those not specifically exempted, while making it mandatory to quote the Aadhaar number when filing income tax returns from the start of the current compliance period, unless specifically exempted.

Tax evasion enforcement: intensified searches reveal undisclosed property and cash transactions, prompting criminal prosecution.
Searches in Srinagar revealed collusion to transfer shops and land for unaccounted cash, seizure of original ikrarnamas and transactional records, and reinvestment of proceeds into commercial and industrial ventures kept outside the tax net; none of the persons had filed returns and criminal prosecution for willful attempt to evade tax and non-filing will be initiated.

Capacity building: IES officers urged to adopt econometrics, data analytics and evidence-based advisory practices with ongoing training.
The Chief Economic Advisor directed IES officers to strengthen capacity building by upgrading skills in econometrics, data analytics and effective visualization so that Government advice is evidence-based; he urged regular sharing of best practices on a common platform, wider engagement with parastatals and State services, and continuous professional development through domestic, international and online training, with engagement with academia and the private sector.

Forensic document examination requires originals to establish evidentiary value; disputed copies lack verifiable provenance.
Xerox loose sheets purporting to be legislative diary pages were seized; the possessor claimed they were copies of a diary naming a politician, denied originals and sources, and suggested possible handwriting attribution. The named politician denied authorship and provided handwriting samples. CFSL advised that handwriting examination requires originals; no originals were produced and their custody is unknown, leaving the seized copies of doubtful evidentiary value.

Infrastructure resilience: enforce standards, expand insurance and risk pools to protect assets and reduce recovery burdens.
The address urges prioritising infrastructure resilience by enforcing internationally accepted standards and regulations, expanding insurance coverage and national risk pools linked to global reinsurance, improving databases and risk assessment, and integrating resilience into fiscal allocations and an asset maintenance framework so public investments deliver longer service life and reduced recovery costs.

Search and seizure operations target undisclosed income and concealed property transactions tied to alleged terror-financing, prompting tax probes.
Income-tax search and seizure actions in Jammu and Kashmir recovered undisclosed cash and unaccounted jewellery and seized documentary and digital evidence indicating undeclared property transactions, concealed financial dealings, proxy-facilitated cross-LOC trade, and real estate absorption of unaccounted funds; follow-up investigations will target third parties, sellers and buyers who failed to disclose sources of income or account for capital gains.

Country-by-Country reporting: Exchange agreement lets entities rely on foreign CbC filings, avoiding duplicate local filing obligations.
Subsection (4) of Section 286 imposes a local Country-by-Country (CbC) reporting obligation where the parent entity's jurisdiction lacks filing or exchange arrangements or has a systemic failure; amendments prescribe a twelve month furnishing period and a one time extension was granted. A Bilateral Competent Authority Arrangement and Inter Governmental Agreement with the United States will enable automatic exchange of CbC Reports filed by ultimate parent entities, relieving Indian constituent entities of duplicate local filing where the parent has filed in the United States.

Public debt management: issuance, maturity profile and liquidity operations drove softer government security yields and active market trading.
Quarterly debt management recorded Dated Securities issuance with increased weighted average maturity and yield, use of Cash Management Bills for temporary cash mismatches, and RBI liquidity injections; provisional liabilities rose with Public Debt forming the majority, a sizable share of securities maturing within five years, concentrated holdings by commercial banks and insurance companies, and softened yields across the government securities curve alongside dominant secondary market trading in central government dated securities.

Public financial management reform support to modernise DBT systems and digitise tax administration, enabling state-level transparency.
The program finances reforms to strengthen public financial management across expenditure planning, investment management, budget execution, public procurement and accountability, with capacity building for state institutions and IT-enabled solutions. It will modernise Direct Benefit Transfer systems through secure inter-departmental data exchange and automation of DBT processing and payments, digitise property tax rolls and expand property surveys in municipalities, and promote improved taxpayer registration and return filing to enhance sub-state transparency and accountability. The loan provides concessional terms with a multi-year grace period and defined final maturity to support phased implementation.

Loan financing expands access to formal finance and markets for rural women-led enterprises to support enterprise growth.
The Government of India and the World Bank executed a Loan Agreement providing additional financing under the National Rural Economic Transformation Project to scale enterprise development for rural women and youth by strengthening women-led producer collectives and self-help group federations to access formal finance, markets and digital financial products, while delivering technical assistance, skills development and investment support to diversify into higher-value farm and non-farm activities.

Tax reform focus on lower rates and wider base to boost competitiveness and ensure GST benefits reach consumers.
Focus on lowering tax rates and widening the tax base as central components of ongoing direct and indirect tax reforms, with emphasis on facilitating trade and industry and ensuring GST rate reductions benefit consumers. The statement notes that Goods and Services Tax is stabilising and that the Insolvency and Bankruptcy Code has improved credit culture and recovery. Policy requests include lowering the corporate tax rate to enhance competitiveness, banking consolidation and selective divestment, creation of development finance institutions, support for NBFCs to restore liquidity, and measures linking investment allowances to employment generation.