Tax exemption under Section 10(46): BIS specified incomes exempt subject to non commerciality and prescribed filing conditions.
Notification under Section 10(46) designates the Bureau of Indian Standards as exempt for specified income-certification fees, sale of standards without profit, and interest-subject to conditions that BIS not engage in commercial activity, that its activities and the nature of the specified income remain unchanged, and that it files its return of income under the prescribed statutory provision; the notification applies for the financial years 2021-22 to 2025-26 and records no adverse effect from retrospective operation.

Faceless Appeal Scheme: designated income tax authorities authorised to conduct e appeal proceedings under the Income tax Act.
The Board designates specified Commissioner of Income tax (Appeals) units to exercise powers and perform functions to facilitate e appeal Proceedings under the Faceless Appeal Scheme, 2021, superseding the 2020 notification. The listed units are authorised to conduct electronic appeals in respect of territorial areas, persons, classes of persons, incomes, classes of incomes or cases as specified by the Board, for appeals pending or instituted on or after 29th December, 2021, and the notification is effective from that date.

Special Economic Zone reinvestment allowance: Form 56FF required with returns, detailing credits, withdrawals, and asset acquisitions.
Rule 16DD and Form No. 56FF require assessees claiming deduction under clause (b) of sub section (1B) of section 10A to furnish, with the return of income, particulars of amounts of eligible profits credited to the Special Economic Zone Reinvestment Allowance Reserve Account, amounts withdrawn (distinguished by use for eligible purposes), the net outstanding balance, and detailed disclosures of new plant and machinery purchased from such withdrawals, together with a verification by the proprietor/partner/director.

Faceless appeals centralise e-appeal proceedings with digital communication, automated allocation and video hearings for tax appeals.
The Scheme centralises appellate proceedings under sections 246A and 248 into an electronic e-appeal system administered by a National Faceless Appeal Centre and appeal units, using an automated allocation system to assign appeals, requiring all communications and submissions to be exchanged electronically, authenticated by digital signatures or electronic verification, delivered via registered accounts, email or mobile app with real time alerts, and providing for written digital orders, admission procedures for additional grounds and evidence, video conferencing hearings, penalty initiation for non-compliance, and rectification and transfer mechanisms under the Act.

Exempt capital gains computation requires specified funds to file an annual statement and obtain accountant certification for attribution.
Exempt income for a specified fund under clause (23FF) of section 10 is computed by apportioning capital gains attributable to transfers of shares of an Indian resident company according to the ratio of aggregate daily assets under management held by non-resident unit holders to the aggregate daily total assets under management for the acquisition-to-transfer period. The fund must file Form No. 10-II electronically by the due date; absent filing, exempt income is nil. The annual Form 10-II must be certified by an accountant in Form No. 10-IJ and filed electronically under digital signature.

e-Verification Scheme enables automated electronic collection and risk-based verification of tax information, streamlining follow-up and closure.
The e-Verification Scheme, 2021 establishes an electronic framework for collecting and initially verifying tax information, using automated communications and Board-approved risk management to close no or low risk matters. Remaining information is allocated by an automated allocation system to Prescribed Authorities for verification, using digitally signed notices and prescribed electronic response formats; verified information is returned as preliminary and final verification reports, matched with electronic returns, and either routed to assessing officers for pending scrutiny or processed under the Act. The Scheme mandates electronic communications, authentication by digital signature or registered electronic contact, and empowers Director Generals to specify procedures and operational facilities.

Exemption for non-deliverable forward contracts requires OBU registration and no involvement of the taxpayer's permanent establishment.
Exemption under clause (4E) of section 10 applies only to income of a non-resident from transfer of non-deliverable forward contracts entered into with an offshore banking unit of an International Financial Services Centre holding a valid registration certificate from the International Financial Services Centres Authority, provided the contract is not entered into through or on behalf of the non-resident's permanent establishment in India, and the offshore banking unit must ensure compliance.

Exchange of information: treaty requires mutual tax information sharing with confidentiality and limits on disclosure.
The Protocol replaces Article 26 with a comprehensive Exchange of Information provision requiring competent authorities to exchange foreseeably relevant information, including documents or certified copies, for implementing the Agreement or administering domestic tax laws. Exchanged information is to be treated as secret and disclosed only to specified authorities for assessment, collection, enforcement, prosecution, appeals or oversight and used only for those purposes unless both States' laws and the supplying authority permit other uses. Limitations prohibit requests that violate domestic law, seek unobtainable documents, or reveal trade secrets or public policy contrary information, but bank secrecy or fiduciary status alone does not permit refusal to supply ownership information.

Section 80C deduction: Jeevan Akshay VII designated as qualifying annuity plan for assessment year and subsequent years.
The Government specifies the Jeevan Akshay VII annuity plan, as filed with the regulator, as qualifying under the statutory provision for tax deduction; this specification applies from the assessment year stated in the notification and for subsequent years, making contributions under the named annuity plan eligible for the deduction subject to the provision's conditions.

Notification under section 10(46): Haryana State Legal Services Authority's specified grant and interest income recognised subject to conditions.
Notification under section 10(46) designates Haryana State Legal Services Authority, Panchkula, for specified income treatment in respect of: grants from the National Legal Services Authority; grants or donations from the State Government; amounts received under court orders; recruitment application fees; and interest on deposits.

Statement under section 285B: amended Form 52A prescribes producer, film and payment disclosure and verification requirements for cinematograph productions.
The notification replaces Form No. 52A to prescribe the statement required under section 285B for producers of cinematograph films, specifying commencement on publication and the disclosure format to be furnished to the Assessing Officer.

Tax exemption notification: specified welfare board income exempted subject to non-commercial activity and return-filing conditions.
Notification under section 10(46) designates Assam Building and Other Construction Workers Welfare Board as entitled to exemption for specified receipts-labour cess, beneficiaries' registration fees, members' contributions, capital gains on sale/redemption of investments, and interest on those receipts-subject to the Board not engaging in commercial activity and filing returns as required under clause (g) of sub section (4C) of section 139; the exemption is time limited to the listed financial years.

Specified pension fund status conditioned on filing, reporting and operational restrictions for investments in India.
Specifies the School Employees Retirement System of Ohio as a specified person for exemption under clause (23FE) for eligible investments in India until the 31st day of March, 2030, subject to conditions: timely filing of income-tax returns, furnishing a compliance certificate in Form No. 10BBC, quarterly investment intimation in Form No. 10BBB, maintenance of segmented accounts, regulation under Ohio law, administration of assets to meet statutory retirement/social security obligations, limitation of non-purpose assets to ten per cent, prohibition on borrowings for Indian investments, restrictions on earnings inuring to private persons, and prohibition on day-to-day participation in investees; violation renders the fund ineligible for exemption.

e-Settlement procedure: electronic settlement of pending tax applications via Interim Boards with video hearings and digital communications.
The e-Settlement Scheme, 2021 provides an electronic framework for settlement of pending applications transferred to Interim Boards, defining technological terms, authorising randomised automated allocation of cases, and mandating designated portals, registered e-mail communication and digital authentication. The Interim Board will manage proceedings, obtain reports from Principal Commissioners or Commissioners, permit written responses, conduct hearings via video conferencing, and may proceed when reports or responses are not furnished. Proceedings are confidential, personal appearance is not required, additional facts must be verified, and orders may be rectified or published with anonymisation.

Section 35(1)(ii) approval for scientific research granted to Pimpri Chinchwad College of Engineering enabling research-related tax treatment.
Approval granted to Pimpri Chinchwad College of Engineering (PAN: AAATP3981F) as a University, College or Other Institution for scientific research under the Income-tax Act read with the Income-tax Rules; the notification operates from publication in the Official Gazette with retrospective effect to the stated previous year and applies for the listed assessment years, and the explanatory memorandum certifies no person is adversely affected by retrospective application.

Tax exemption notification for a state AIDS society shields grant and interest income subject to specified compliance conditions.
Notification under section 10(46) exempts specified income of Gujarat State AIDS Control Society limited to grants from NACO and interest on those grants. The exemption is subject to conditions: no commercial activity by the Society; activities and the specified income must remain unchanged across relevant financial years; and the Society must file income-tax returns as required by the cited provision. The notification is given retrospective effect for the stated assessment period.

Tax exemption notification for specified public board incomes subject to non-commercial, unchanged-activity and filing conditions.
Government notifies specified categories of Madhya Pradesh Pollution Control Board income as eligible for the public-body income exemption: grants and governmental assistance; consent, authorization and processing fees; analysis, monitoring and survey fees; reimbursements from central monitoring schemes; sale of non-commercial environmental literature; interest on deposits and loans to staff; public hearing, emission testing, training, RTI and appeal fees; cess reimbursements and appeal fees; and pollution cost or bank guarantee forfeitures. The notification is subject to conditions: no commercial activity, unchanged nature of activities and income, and specified return filing for the listed financial years.

Section 10(46) exemption recognizes Chandigarh Pollution Control Committee's specified non-commercial income as tax-exempt subject to conditions.
Notification designates Chandigarh Pollution Control Committee as a notified public body for exemption in respect of specified income including grants, consent fees, environmental compensation and penalties, testing and authorization fees, reimbursements, cess receipts, and interest on those receipts, subject to conditions that the body shall not engage in commercial activity, that activities and specified income remain unchanged, and that prescribed income-tax returns are filed.

Arm's length price tolerance: actual transaction price deemed ALP where variation within notified thresholds for wholesale and other cases.
Notification under the third proviso to section 92C(2), read with rule 10CA proviso, deems the actual transaction price to be the arm's length price for the relevant assessment year where the variation between the arm's length price and the actual price falls within the notified tolerance ranges. The notification defines wholesale trading by quantitative purchase cost and inventory to sales conditions and applies a narrower tolerance to such transactions, with the memorandum noting retrospective effect and certification of no adverse impact.

Designation of Special Court: Chief Judicial Magistrate, Imphal East designated for offences under income-tax and black money laws.
The Central Government, exercising powers under the Income-tax statute and the Black Money Act and after consultation with the Chief Justice of the High Court of Manipur, designates the court of the Chief Judicial Magistrate, Imphal East, as the Special Court for the State of Manipur to hear and conduct proceedings under those enactments, formalised by a Central Board of Direct Taxes notification.