Exemption under section 10(46) shields specified unscheduled interchange fund income, subject to non commercial and filing conditions.
Exemption under section 10(46) is notified for the State Load Despatch Centre Unscheduled Interchange Fund-West Bengal State Electricity Transmission Company Limited in respect of: residual money in the unscheduled interchange pool balance account; interest on fixed deposits and auto-sweep accounts; and income incidental to or related to unscheduled interchange, subject to conditions prohibiting commercial activity, requiring unchanged activities and income nature, and compliance with return filing under clause (g) of sub-section (4C) of section 139, for specified financial years.

Electronic filing of appeals to Commissioner (Appeals) mandated; verification, filing procedures and system security specified.
The rules substitute Rule 45 to require appeals to the Commissioner (Appeals) to be made in Form No.35, furnished electronically where applicable-under digital signature or by electronic verification code-or in paper where allowed. The form and any accompanying documents must be verified by the person authorised to verify the return. The Principal Director General/Director General of Income-tax (Systems) is directed to specify electronic filing procedures, data standards and electronic verification code generation, and to implement security, archival and retrieval policies for electronically furnished forms and documents.

Public issue allocation amended: specified portion of bonds to be publicly issued with a retail investor earmark.
The amendment requires seventy percent of each TABLE entity's aggregated bond issuance to be raised through public issue and mandates that forty percent of that public issue be reserved for retail investors, with the forty percent to be read as sixty percent for the entities listed at the TABLE positions corresponding to serial numbers 2(b) and 8. It further replaces the TABLE entry for serial number 2 to specify two bond tranches allocated to Indian Railway Finance Corporation Limited.

Tax exemption for specified income: government grants and related interest exempt for notified society subject to compliance conditions.
Notification under section 10(46) designates the Madhya Pradesh State AIDS Control Society as exempt for specified income comprising (a) grants-in-aid from the Government of India and (b) interest on such grants, applicable for the period 01.06.2011 to 31.03.2013 and financial years 2013-14 to 2015-16, subject to conditions: no commercial activity, unchanged activities and income nature during the year, and filing returns as required by clause (g) of sub-section (4C) of section 139; grants must be received and applied per prevailing rules.

Tax exemption for competition regulator income conditioned on non commercial activity and prescribed return filing.
Notification exempts specified income of the Competition Commission-government grants, fees under the Competition Act and interest on those amounts-from tax under clause (46) of section 10, subject to conditions that the Commission not engage in commercial activity, maintain unchanged activities and income character, and file returns as prescribed; the exemption applies for the financial years specified in the instrument.

Notification of Atal Pension Yojana under section 80CCD confirms its recognition as a pension scheme for tax purposes.
Central Government notifies Atal Pension Yojana (APY) as a pension scheme for the purposes of section 80CCD of the Income tax Act, 1961 by exercising powers under sub section (1); the notification adopts the APY as published in the Gazette and comes into force from the date of its publication in the Official Gazette.

Tax-free bond allocation updated: retail reservation for specified rural bank and additions to list of authorised issuers.
Amendments revise allocations and issuance mechanics for tax-free, secured, redeemable, non-convertible bonds under section 10(15)(iv)(h), inserting a proviso obliging NABARD to earmark sixty per cent of its public issue for retail individual investors and substituting and adding entries in the notification Table to adjust authorised issuers and allocated bond amounts.

Safe harbour rules amended to broaden tariff methodology recognition and extend Form 3CEFB compliance timelines for specified domestic transactions.
The notification amends the safe harbour rules for specified domestic transactions by inserting "supply" into the definitional rule, removing a generator-specific limitation, clarifying clause cross-references in tabular provisions, and adding that approval of the methodology for determination of tariff qualifies alongside a determined tariff. It also substitutes a proviso extending the period for furnishing Form 3CEFB for eligible specified domestic transactions (with a specified exclusion), and makes parallel edits to Appendix II Form 3CEFB to reflect the tariff methodology approval reference.

Electronic service of tax notices via designated government email with signed PDF attachments and central audit-trail tracking.
Notification prescribes procedures and technical standards for secured electronic transmission of communications under rule 127 delegated to the Principal DGIT(Systems). It defines electronic communication and prescribes the order of assessee email addresses and the AO's designation email for service, requires scanned signed PDF attachments of notices and orders, mandates PDF submission of supporting documents (with size-splitting and footer/page-number linkage), and requires marking copies to a central inbox to maintain an audit trail and database storage; provisions address email failures and pilot scope.

Corrigendum corrects notification date in the English version, amending the cited date to the original issuance.
Corrigendum amends the English text of Notification S.O. 3313 (E) by substituting "9th December, 2015" with "8th December, 2015" in line 5, aligning the printed English date with the intended issuance; issued as Notification No. 4/2016 by the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes).

Appointment Procedure for AAR leadership requires open advertisement, selection committee shortlist, and medical fitness clearance.
Appointment to the posts of Chairman and Vice-Chairman requires open advertisement, applications through the Registrar of the Supreme Court or High Court, selection by a Committee (chaired by the Chief Justice of India or a nominated Judge and including Secretaries from Finance, Law and Personnel), a quorum of any three members including the Chair, a panel of three recommended names in priority order, and mandatory medical fitness certified by a Central Government constituted Medical Board.

Electronic Verification Code generation expanded to include bank and demat pre-validation for e filed income tax returns.
The notification adds two EVC generation modes by pre-validating bank account details (account number, IFSC, Email, Mobile) and demat account details (demat number, Email, Mobile) via the e filing Profile Settings; provided PAN and name match, successful validation by the bank or depository allows the assessee to generate an EVC which is sent to the Email ID and/or Mobile Number verified by the validating institution, with participating banks and depositories to be listed on the e filing portal.

Electronic filing requirement for options under charitable income rules mandates Forms 9A/10 with digital verification and procedural standards.
The amendment substitutes rule 17 to require that the option to treat unspent trust income as applied be exercised in Form No.9A and statements of accumulation or setting apart be furnished in Form No.10, both filed within the time for filing the return of income and submitted electronically under digital signature or electronic verification code. The Principal Director General/Director General of Income-tax (Systems) is tasked to specify filing procedures, data standards, generation of electronic verification codes, and to implement security, archival and retrieval policies for the electronically furnished forms.

Exchange of Information provisions expand cross border tax information sharing while preserving confidentiality and legal limitations.
The Protocol replaces Article 27 with an Exchange of Information regime requiring competent authorities to share information foreseeably relevant to the Agreement or domestic tax laws, subject to confidentiality and use limitations, preserving exceptions for legal and public policy constraints, and obliging requested states to use their information gathering measures even without a domestic interest, including where information is held by financial institutions or nominees.

Correction to Form 15CA wording changes threshold phrase, altering reporting characterization for remittances under income tax.
Corrigendum corrects the wording in Part B of Form 15CA by replacing the phrase "does not exceed" with "exceeds", altering the threshold language used to determine reporting characterization of remittances under the substituted form.