Tax exemption for regulatory authority: specified government grants, fees and related interest exempted subject to non-commercial and filing conditions.
Central Government notifies Gujarat Real Estate Regulatory Authority as an Authority under clause (46) of section 10 of the Income-tax Act, 1961, declaring specified income exempt: (a) government grants or loan/advance; (b) fees or penalties from builders/developers, agents or other stakeholders under the Real Estate (Regulation and Development) Act, 2016; and (c) interest on such amounts, subject to conditions that the Authority not engage in commercial activity, maintain unchanged activities and income nature across the financial years, and file returns as required by clause (g) of sub-section (4C) of section 139.

Designation of Special Courts under tax law assigns specified magistrate courts jurisdiction over tax and black money offences in Kerala.
The Central Government, in consultation with the Chief Justice of the High Court of Kerala, designates specified magistrate courts in Kerala as Special Courts to exercise jurisdiction over offences under the Income-tax Act and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, assigning each listed court to a corresponding territorial area for purposes of investigations and prosecutions under those statutes.

Research institution approval enables tax deduction eligibility for social science and statistical research for specified assessment years.
Central Government approved Sri Sharada Institute of Indian Management Research Foundation Trust, New Delhi (PAN: AAJTS0088H) as an other Institution in the category of University, College or other institution for research in social science and statistical research under clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with the Income-tax Rules, with effect from publication and applicability to the specified assessment years; retrospective effect certified as not adversely affecting any person.

Special Court designation under income tax and black money laws allocates territorial jurisdictions for statutory prosecutions.
The Central Government, under section 280A of the Income tax Act, 1961 and section 84 of the Black Money Act, 2015, in consultation with the Chief Justice of the High Court of Allahabad, notifies designated magistrate courts in Uttar Pradesh as Special Courts and allocates territorial jurisdictions to those courts by a table listing each court and its covered districts for proceedings under those statutes.

Income-tax exemption under clause (48D): National Bank for Financing Infrastructure and Development notified for ten consecutive assessment years.
The Central Government notifies the National Bank for Financing Infrastructure and Development, constituted under the enabling Act of 2021, as covered by clause (48D) of section 10 for tax purposes for a period of ten consecutive assessment years beginning from the assessment year 2022-2023, with the notification effective from its publication in the Official Gazette.

Tax exemption for regulatory commission: specified fees and investment interest exempt subject to non commerciality and filing conditions.
Notification under section 10(46) notifies the Rajasthan Electricity Regulatory Commission for exemption in respect of petition filing fees, licence fees and interest on investment, subject to conditions: no commercial activity, unchanged activities and income nature across the financial years, and filing returns under clause (g) of sub-section (4C) of section 139. The notification is deemed operative for financial years 2020-2021 to 2024-2025 and an explanatory memorandum states retrospective application does not adversely affect any person.

Designation as place of public worship enables tax-deduction eligibility for donations to the Somnath Temple.
Central Government notifies "The Somnath Temple managed by Shree Somnath Trust (PAN: AAATS9555Q)" to be a place of historic importance and a place of public worship of renown for the purposes of section 80G of the Income-tax Act, 1961, by Notification No. 29/2022 dated 11th April, 2022.

Infrastructure debt fund rules amended to permit zero coupon and currency bonds with sinking fund and electronic filings.
The rules amend 2F and 8B to include infrastructure debt funds as issuers of rupee or foreign currency bonds under RBI and FEMA directions, or zero coupon bonds under rule 8B; require infrastructure debt funds issuing zero coupon bonds to maintain a sinking fund investing accrued interest in Government securities; mandate Form 5B and Form 5BA submissions (including accountant certificates) be filed electronically; prescribe application timelines and six month disposal, documentary requirements, and empower Income tax (Systems) officials to specify electronic procedures and security standards.

e-Dispute Resolution Scheme provides electronic dispute resolution with waiver of penalty and immunity upon compliance.
The Scheme provides an electronic dispute resolution process where eligible assessees file applications in Form No. 34BC through a designated portal or registered email; the Dispute Resolution Committee screens applications, issues show-cause notices, permits responses and video hearings, calls for records and reports, and may modify specified orders or grant waiver of penalty and immunity under rule 44DAC upon proof of payment. Proceedings are conducted and communicated exclusively by electronic means to the extent feasible, orders are authenticated digitally, and termination or exclusion consequences apply for non-cooperation or non-payment.

Dispute Resolution Committee established to resolve specified income-tax disputes; enables penalty waiver and immunity subject to conditions.
Establishes regional Dispute Resolution Committees composed of two retired IRS officers and one serving senior officer, appointed for three years, to resolve specified income-tax disputes. Applications must be filed in Form No. 34BC with a fee and required particulars; committees may grant penalty waivers or immunity from prosecution subject to payment of tax on returned income, cooperation, and other conditions, but immunity is unavailable if prosecution had already commenced and may be withdrawn for non compliance. Definitions set the scope of "specified order" and applicant eligibility.

Notified country designation under section 89A establishes specified jurisdictions for cross-border tax treatment upon Gazette publication.
Designation of certain foreign jurisdictions as notified country under the Income-tax Act, 1961 is effected by executive notification listing named jurisdictions; the notification takes effect on publication in the Official Gazette and creates a statutory category whose application depends on the referenced provision.

Taxation of retirement benefits: option to include foreign retirement account income when taxed on withdrawal, subject to Form 10-EE.
Rule 21AAA permits a specified person to elect to include income from retirement benefit accounts in a notified foreign country in the previous year when such income is taxed on withdrawal or redemption in that country. The election must be made for all specified accounts via electronic Form No. 10-EE by the return due date, applies to subsequent years and is generally irrevocable. Amounts already taxed in earlier years or not taxable in India when accrued (due to non-resident status or DTAA) are excluded, with foreign tax on such excluded amounts ignored for foreign tax credit under rule 128. Becoming non-resident causes the earlier election to be treated as never exercised from the relevant previous year.

Income tax (5th Amendment) Rules, 2022: New ITR 7 form substituted, effective 1 April 2022, with expanded disclosure schedules.
The CBITD, under section 139 read with section 295, substitutes Form ITR 7 effective 1 April 2022. The revised ITR 7 prescribes identification, registration and exemption claim fields for persons filing under sections 139(4A)/(4B)/(4C)/(4D), requires disclosure of projects/activities and changes affecting registration, and embeds comprehensive schedules for accumulation/application of income, corpus and investment modes, Foreign Assets and DTAA tax relief, Capital Gains, Political/ Electoral Trust reporting, audit particulars, anonymous donation taxation and accreted income computations.

Infrastructure debt fund notification: Kotak Infrastructure Debt Fund Limited recognised subject to statutory compliance and timely return filing.
Notification designates Kotak Infrastructure Debt Fund Limited as an infrastructure debt fund under the relevant clause of section 10 of the Income-tax Act for assessment year 2018-19 and subsequent years, subject to conformity with the Income-tax Act, compliance with the Income-tax Rules and Reserve Bank conditions, and timely filing of its return of income on or before the due date.

Income tax rules amended - substitution of multiple ITR forms and related rule updates, effective 1 April 2022.
Notification amends the Income tax Rules, 1962 effective 1 April 2022: updates year references in rule 12 and substitutes, in Appendix II, revised Forms SAHAJ ITR 1, ITR 2, ITR 3, SUGAM ITR 4, ITR 5, ITR 6, ITR V and ITR Ack for Assessment Year 2022 23, under powers conferred by section 139 read with section 295 of the Income tax Act.

Exemption for visiting non-residents from sub-section (1G) of section 206C removes that provision's applicability to non-resident visitors.
The notification excludes from the operation of sub-section (1G) of section 206C individuals who are not residents in India under the relevant residency clauses and who are visiting India, and states that the exclusion takes effect from the date of publication in the Official Gazette.

Faceless inquiry enables notices, assessment inquiries, audit directions and valuations through automated allocation.
The Scheme provides that issuance of notices under section 142(1), inquiries before assessment under section 142(2), directions for audit under section 142(2A), and valuation of assets by a Valuation Officer under section 142A shall be conducted in a faceless manner through automated allocation, using technological tools including artificial intelligence and machine learning, and aligns these processes with the faceless assessment framework in the Act.

Automated allocation for income-escape assessments enables faceless, risk based issuance and conduct of reassessment and notice processes.
Establishes the e-Assessment of Income Escaping Assessment Scheme, 2022, effective from publication, defining automated allocation as algorithmic randomised allocation using technological tools including AI and machine learning. The Scheme requires that assessment, reassessment or recomputation for income escaping assessment and issuance of reassessment notices be conducted through automated allocation in accordance with a Board-formulated risk management strategy, and carried out in a faceless manner consistent with the statutory faceless assessment framework.

Aadhaar-PAN linking now attracts a late fee on delayed intimations, with tiered penalties depending on delay.
A new sub-rule requires any person who fails to intimate their Aadhaar by the prescribed date to pay a fee when subsequently intimating the Aadhaar to the prescribed authority: a specified lower fee where intimation is within three months of the deadline and a specified higher fee in all other cases; related amendments update temporal references, make certain sub-rule effects subject to a Board-specified commencement date, and tie a related sub-rule's operation to payment of the fee.

Time-limit extension for Benami Act order completion extends original deadline to a later specified date.
The notification specifies that, for purposes of the Relaxation Act, where the action is the passing of an order under the Benami Act, the original end date for completion is fixed as 30 June 2021 and the time for completion is extended to 30 September 2022, by partial modification of earlier notifications.