ICDS-VII permits recognition of duty drawback as a government grant when there is reasonable assurance that attached conditions will be met and the grant will be received, while prohibiting deferral beyond actual receipt. Where export proceeds were realised within the relevant previous year, that assurance existed and drawback was taxable in that year; any later-year inclusion required exclusion to prevent double taxation. Where substantial export proceeds were not realised within the prescribed period, the export-realisation condition lacked reasonable assurance in the earlier year. Drawback actually received in the following year was therefore recognised and taxed in that later year.

Cash deposits and withdrawals in a bank account retained under a dissolved firm's PAN cannot be assessed as unexplained money or unexplained expenditure of that firm where its business, assets and liabilities were taken over by a former partner operating as a proprietorship. The transactions were recorded in the proprietor's cash book, bank book, return and auditor's certificate, while prior departmental records had accepted the dissolution and takeover. Continued use of the former firm's PAN in bank KYC did not establish that the transactions belonged to the dissolved firm; the additions were therefore deleted.

An attorney holder who executes a sale deed solely under a power of attorney does not incur taxable income from the property sale where the actual owner received the full consideration and transferred possession under the agreement to sell. Subsequent execution and registration of the deed by the attorney holder does not, by itself, establish that the attorney holder received consideration or derived income. On the stated facts, no taxable income arose to the attorney holder in either the year of the agreement or the year of registration.

Surrendered income arising from unrecorded debtors, excess cash, excess stock and investment, when recorded in the books and linked solely to medical professional activity, is treated as business income taxable at normal rates. Disclosure under income from other sources does not by itself bring the amount within unexplained-income provisions. Where no material establishes an independent undisclosed source, excess stock and related surrendered income connected with regular business or professional activity remain taxable as business income; application of Section 115BBE is therefore unwarranted.

Cash receipts from petrol-pump sales recorded on the same date were explained by corresponding recorded sales, where the books of account remained unrejected and no adverse material contradicted the receipts' source. Specified bank notes were permitted for purchases of petrol, diesel and gas at authorised public-sector oil marketing company stations until 11 November 2016. Doubts about describing the receipts as recoveries from sundry debtors did not displace the documented sales and cash receipts. The addition for unexplained money under Section 69A was therefore unsustainable and deleted.

Section 80P should be liberally construed to support registered co-operative societies providing credit facilities to members. Income from those activities qualifies for deduction under Section 80P(2)(a)(i), and limited lending to associate members does not by itself defeat eligibility where operations conform to the society's registration and bye-laws. Interest from investments with a co-operative society engaged in banking may qualify under Section 80P(2)(d), or under Section 80P(2)(a)(i) where attributable to business. Section 80P(4) does not alter a co-operative bank's status as a co-operative society under State law. Audit-fee disallowance for tax withholding may be removed if Form 26A establishes the payee's tax compliance.

A notice under section 143(2) must be issued by the officer holding assessment jurisdiction as a mandatory prerequisite to a valid assessment. Where the notice was issued by one Income-tax Officer but the assessment was completed by another, and no material established a transfer of jurisdiction, the assessing officer could not rely on the other officer's notice. The assessment was therefore invalid and quashed.

Reassessment notices for assessment year 2015-16 issued on or after 1 April 2021 were required to be dropped because proceedings could not be completed within the period prescribed under the applicable relaxation legislation. Accordingly, a notice issued under Section 148 on 28 July 2022 for that assessment year was invalid and was quashed.

Tax prosecution for alleged wilful evasion and false statements is discussed alongside reassessment for escaped income, admissibility of unauthenticated foreign public documents, and the effect of penalty reduction or waiver on prosecution. The text addresses statutory protection where penalty is reduced or waived, limitation rules for economic offences, and computation of compounding fees under applicable CBDT guidelines. It records that, upon payment of the stipulated compounding fee within the prescribed time, the trial court shall compound the offence.

Refund claims for unutilised CENVAT credit under the transitional provision must be disposed of under the existing Central Excise law. Where the original and first-appellate orders concern refund of accumulated CENVAT credit or rejection of credit under that regime, the appellate remedy lies before CESTAT. GSTAT therefore has no appellate jurisdiction over such appeals, which must be pursued before CESTAT.

An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.

Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.

Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.

Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.

Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.

GST paid on cancelled service advances or returned invoiced goods is generally adjusted through a credit note and the relevant return; a refund claim for excess tax payment may be made where no output liability exists for adjustment. Where no invoice was issued for a cancelled advance, a refund voucher is required and refund may be claimed through FORM GST RFD-01. The clarification also extended the time for furnishing LUT, filing the TDS return and depositing deducted tax, and filing refund applications falling within the specified relief period.

The amendments introduce a mechanism for reversal and later re-availment of input tax credit where the supplier does not furnish the corresponding GSTR-3B within the prescribed deadline. They also establish rule 88C, requiring a registered person to pay or explain differences between liability reported in GSTR-1 or the invoice furnishing facility and GSTR-3B, with recovery consequences for unpaid and unexplained differences. GSTR-1 reporting is revised to add electronic-commerce supply disclosures, while refund, appeal, registration and prescribed-form procedures are updated.

Appellate Tribunal appeal limitation under the Himachal Pradesh Goods and Services Tax Act, 2017 is notified for backlog and subsequent appeals. Appeals against orders communicated before 1 April 2026 may be filed up to 30 June 2026. Appeals against orders communicated on or after 1 April 2026 must be filed within three months from communication of the order to the appellant.

Himachal Pradesh SGST rate schedule classification is amended by substituting specified tariff entries for beverages under Notification No. 09/2025-State Tax (Rate). Schedule I, attracting 2.5% tax, is revised for entries at serial numbers 150 and 151, while Schedule III, attracting 20% tax, is revised for entries at serial numbers 2 and 3. The amendments are deemed effective from 1 May 2026.

Appellate Tribunal filing timelines under the Himachal Pradesh Goods and Services Tax Act, 2017 are notified up to 31 July 2026 for specified appeals and applications. Appeals against orders communicated before 1 May 2026 and applications relating to orders passed before 1 February 2026 may be filed by that date. Later appeals continue to carry a three-month period from communication, while later applications carry a six-month period from the passing of the order.