Scientific research approval for IIT Bombay under section 35 requires compliance with donation reporting and donor certification rules.
Approval is granted to Indian Institute of Technology (IIT) Bombay for scientific research under section 35(1)(ii) of the Income-tax Act, 1961, as a university, college or other institution. The approval applies for assessment years 2026-27 to 2030-31, subject to compliance with Rule 5E and the reporting and donor-certification requirements under Rule 18AB, including filing Form No. 10BD by 31 May following the financial year and issuing Form No. 10BE to donors.

Tax exemption notification for Karnataka Industrial Areas Development Board under specified income conditions and continuing statutory purposes.
The Central Government has notified the Karnataka Industrial Areas Development Board for the purposes of clause (46A) of section 10 of the Income-tax Act, 1961. The notification operates from assessment year 2024-25, subject to the condition that the Board continues to be constituted under the Karnataka Industrial Areas Development Act, 1966 and continues to meet one or more of the purposes specified in sub-clause (a) of clause (46A). The explanatory memorandum records retrospective effect from the year of application and states that no person is adversely affected.

Scientific research approval granted for IIT Bhilai, with compliance, reporting, and donor certification conditions attached.
Approval is granted to Indian Institute of Technology (IIT), Bhilai as a scientific research institution under section 35(1)(ii) of the Income-tax Act, 1961 read with Rules 5C and 5E of the Income-tax Rules, 1962. The approval applies for the assessment years 2026-27 to 2030-31 and is subject to compliance with Rule 5E, filing of Form No. 10BD for each financial year, the facility of correction statements, and issuance of Form No. 10BE to donors within the prescribed time.

Double taxation treaty amendments update India-Brazil tax rules, including permanent establishment, benefits eligibility, and withholding limits.
Amends the India-Brazil Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, and brings the amending Protocol into effect in India under section 90 of the Income-tax Act, 1961. The revised treaty framework updates the rules on residence, permanent establishment, shipping income, dividends, interest, royalties, fees for technical services, capital gains, employment income, pensions and the elimination of double taxation, while also adding an extensive entitlement to benefits article containing qualified person, active business and principal purpose limitation tests.

Tariff values for edible oils, brass scrap, areca nuts, gold and silver are revised under customs valuation rules.
Fixes revised tariff values for specified imported goods under the Customs Act, 1962 by amending the existing customs notification on tariff valuation. The substituted tables prescribe tariff values for crude palm oil, palmolein, soya bean oil, brass scrap, areca nuts, gold and silver, including certain bullion, coins, findings, medallions and semi-manufactured forms. The valuation entries set out the applicable tariff values in US dollars per metric tonne, per kilogram, or per 10 grams, and retain a specific no-change value for areca nuts.

Sea cargo manifest compliance deadline is amended through substitution of the prescribed table entry under transshipment regulations.
Sea cargo manifest and transshipment compliance is amended by substituting the entry against serial number 6 in the Table following Form XII under the Sea Cargo Manifest and Transshipment Regulations, 2018, with "30.06.2026". The amendment takes effect upon publication in the Official Gazette.

Customs exemption for re-imported goods now requires identity with exported goods, with risk-based treatment for courier imports.
Amends the customs exemption for re-import of goods exported under duty drawback, rebate of duty, or under bond by requiring that the re-imported goods be the same goods that were originally exported. For goods re-imported through courier mode, other than excluded goods under the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010, risk-based treatment applies. The notification is made under section 25(1) of the Customs Act, 1962 and takes effect from 1 April 2026.

Limitation period for GST tribunal appeals notified for backlog and future orders under Gujarat GST law.
The Government of Gujarat has notified the limitation date for filing appeals before the Appellate Tribunal under the Gujarat Goods and Services Tax Act, 2017. Where the order sought to be appealed against was communicated before 1 April 2026, appeals may be filed up to 30 June 2026. For orders communicated on or after 1 April 2026, appeals may be filed within three months from the date of communication of the order to the appellant.

Unique Identification Number procedure governs Form No. 121 declarations, sequencing, digitization, and quarterly Part B reporting.
Procedure, formats and standards are prescribed for generation and allotment of a Unique Identification Number for declarations in Part A of Form No. 121 and for quarterly furnishing of Part B by the payer. The payer must allot a 26-character UIN to each declaration, digitize paper declarations, maintain the running sequence number series, and furnish Part B within the prescribed timelines and file format on the income-tax e-filing portal, along with quarterly reporting of the declarations and UIN even where no tax has been deducted.

Central Excise exemption corrigendum corrects an entry in the tariff notification by revising the prescribed rate column.
A corrigendum to the Central Excise exemption notification corrects an entry in the tariff schedule. In the relevant column, the originally printed figure is substituted with the revised figure, thereby amending the notification as published.

Central excise corrigendum revises the notified value by substituting one figure for another in the exemption notification.
A corrigendum to Notification No. 06/2026-Central Excise corrects an entry in column (4) of the notification issued by the Government of India, Ministry of Finance, Department of Revenue. The amendment substitutes the figure '18.5' with '12' in line 17, thereby revising the applicable value stated in the notification.

State trading enterprise status extended for urea imports through Indian Potash Limited under the import policy framework.
Amendment in the import policy for urea under ITC (HS) 2022 extends the State Trading Enterprise status of Indian Potash Limited for import of urea on Government account until 31.03.2027. Import of agricultural grade urea on Government account is permitted through Indian Potash Limited, subject to paragraph 2.21 of FTP 2023 relating to imports by State Trading Enterprises, while all other terms and conditions remain unchanged.

Courier export value limit removed as FTP 2023 amendment withdraws the per-consignment cap from 1 April 2026.
Exports through a registered courier service or Foreign Post Office remain subject to notifications under the Customs Act, 1962, and to the Foreign Trade Policy and ITC(HS) export policy. The amendment to Para 9.05 of FTP 2023 removes the per-consignment value limit for courier exports, so that no value cap is prescribed for exports through courier service, with effect from 1 April 2026.

Income-tax exemption for OPELIP covers specified government grants, interest income, and tender fees subject to ongoing compliance conditions.
Income-tax exemption under section 10(46) is notified for Odisha PVTG Empowerment and Livelihoods Improvement Programme (OPELIP), a State Government authority, for specified income consisting of State Government grants, interest on fixed deposits and savings accounts refundable to the Government of Odisha, and non-refundable tender fees. The exemption is subject to conditions that OPELIP shall not undertake commercial activity, its activities and specified income shall remain unchanged, and returns shall be filed under section 139(4C)(g). Non-compliance may lead to penal action and withdrawal of the exemption.

Income tax exemption for legal services authority income covers grants, fees, deposits, and compliance conditions.
Exemption from income tax is notified for District Legal Services Authority, Panipat under clause (46) of section 10 of the Income-tax Act, 1961 in respect of specified income, including grants from legal aid authorities, government grants or donations, amounts received under court order or from other sources, recruitment application fees, and interest on bank deposits. The notification is subject to conditions that the Authority must not engage in commercial activity, must keep its activities and income profile unchanged, and must file returns in the prescribed manner.

Tax exemption for Andhra Pradesh Pollution Control Board's specified income under the Income-tax Act, subject to continuing eligibility.
The Central Government notifies the Andhra Pradesh Pollution Control Board as an eligible assessee under clause (46A) of section 10 of the Income-tax Act, 1961, for exemption of specified income. The notification is effective from assessment year 2027-28, subject to the Board continuing as a State Government-established Board under the Water (Prevention and Control of Pollution) Act, 1974, with one or more of the prescribed purposes.

Tax exemption notification for Goa Board of Secondary and Higher Secondary Education covers specified income subject to compliance conditions.
Tax exemption under section 10(46) is notified for Goa Board of Secondary and Higher Secondary Education, Goa in respect of specified income comprising government grants, fees and moneys received under the governing Act and Rules, and interest on bank deposits and investments. The exemption is subject to conditions that the Board shall not engage in commercial activity, its activities and specified income shall remain unchanged during the financial year, and it shall file its return of income under section 139(4C)(g). The notification applies for assessment years 2024-25 to 2028-29.

Tax exemption notification for Improvement Trust, Sangrur applies subject to continued statutory constitution and specified purposes.
Tax exemption is notified for Improvement Trust, Sangrur under clause (46A) of section 10 of the Income-tax Act, 1961. The notification applies from assessment year 2025-26, subject to the trust continuing under the Punjab Town Improvement Act, 1922 and retaining one or more of the purposes specified in sub-clause (a) of clause (46A). The explanatory memorandum states that retrospective effect is certified as not adversely affecting any person.

Tax exemption notification for Uttarakhand Avas and Nagar Vikas Pradhikaran applies from assessment year 2025-26 subject to statutory conditions.
Tax exemption is notified for Uttarakhand Avas and Nagar Vikas Pradhikaran under clause (46A) of section 10 of the Income-tax Act, 1961, by recognising it as an authority constituted under the Uttarakhand Urban and Country Planning and Development (Amendment) Act, 2013. The notification applies from assessment year 2025-26, subject to the authority continuing to satisfy the statutory purposes specified in the exemption provision and remaining constituted under the 2013 Amending Act.

Goods and services tax amendment tightens credit note rules, appeal pre-deposit requirements, and track-and-trace compliance.
The amendment revises the West Bengal Goods and Services Tax Act, 2017 by changing key definitions, omitting certain provisions, and aligning specified references with the Integrated Goods and Services Tax Act, 2017. It substitutes the credit note proviso, modifies return and statement provisions, and tightens appeal pre-deposit rules for orders demanding penalty without tax. It also inserts a track-and-trace mechanism for specified goods, creates a related penalty, and treats certain warehoused supplies in Special Economic Zones and Free Trade Warehousing Zones as covered by Schedule III, with no refund of tax already collected.