Plant-based protein adequacy depends on the overall eating pattern, including dietary diversity, calorie sufficiency, digestibility, meal composition, and individual life-stage and health needs, rather than protein grams or individual-food labels. Protein-quality scores and high-protein claims do not by themselves establish nutritional quality. Focused assessment is needed for persons at greater risk of inadequate intake, including children, pregnant or breastfeeding women, older adults, and persons with restricted intake or illness. Supplements should be used selectively only where food cannot meet a defined dietary gap.

Flying squads are deployed to conduct cross-checks and surprise verification of inventories prepared by GSTIs and GSTOs, and to inspect AE-II teams working in the field or at parking locations. They will examine complaints against AE-II teams, deal with issues or complaints relating to assessment proceedings, and undertake other AE-II duty-related work assigned by higher authorities. The squads report to the Special Commissioner (Vigilance).

Sea Cargo Manifest and Transshipment Regulations, 2018 are fully operational on the Customs EDI System, with all import and export functional message structures available for live filing through the ICEGATE portal. Import Trans-shipment messaging for re-working less-than-container-load import cargo and Stripping messaging for export CIM movement are operational. A local SCMTR Cell, headed by the designated Nodal Officer, manages communications and resolves implementation or live-filing issues.

The International Financial Services Centres Authority (Banking) (Amendment) Regulations, 2024 amend the First Schedule to the International Financial Services Centres Authority (Banking) Regulations, 2020 by adding Swedish Krone, Norwegian Krone, New Zealand Dollar and Danish Krone to the listed currencies. The amendment took effect upon publication in the Official Gazette.

Delegation of litigation-signing powers authorises Special Commissioners, Additional Commissioners and Joint Commissioners to sign departmental replies, affidavits, counter-affidavits and appeals. The authority covers filings before the National Company Law Tribunal, Debt Recovery Tribunal and National Company Law Appellate Tribunal, subject to prior approval of the Commissioner (State Tax).

Banking Unit licensing in an International Financial Services Centre is structured around an IFSC Banking Unit operating as a branch and an IFSC Banking Company operating as a subsidiary of its Parent Bank. Indian and foreign banks require licence or permission to establish a Banking Unit. Licensing requirements distinguish between branch and subsidiary structures through prescribed Parent Bank capital, home-regulator no-objection requirements and, for an IFSC Banking Unit, a liquidity-support undertaking. Prudential obligations cover liquidity coverage, net stable funding, leverage and reserve requirements, with distinct treatment for IFSC Banking Units and IFSC Banking Companies.

The service framework governs appointment, probation, promotion, pay, leave, conduct, discipline, retirement and employee benefits for whole-time employees. Recruitment and promotion are discretionary and subject to sanctioned posts, prescribed eligibility, selection procedures, service requirements and applicable recruitment methods. Employees are bound by confidentiality, integrity, conflict-of-interest, property-disclosure and investment restrictions. The disciplinary regime provides minor and major penalties, inquiry procedures, suspension, vigilance processes and appeals. Leave provisions regulate ordinary, medical, maternity, paternity, study and special hardship leave, while pension, gratuity, medical facilities and deputation arrangements are administered under schemes and conditions determined by the Authority.

Section 80P(2)(d) permits a co-operative society to deduct interest or dividend derived from investments with another co-operative society. A co-operative bank remains a co-operative society under applicable co-operative societies law; Section 80P(4) restricts a co-operative bank's deduction on its own income but does not deny the investing co-operative society a deduction for interest received from it. Where two reasonable interpretations of a taxing provision exist, the interpretation favourable to the assessee applies. Disallowance of expenditure allegedly incurred to earn exempt income under Section 14A and Rule 8D requires verification of the expenditure's factual nexus with exempt income and may require fresh adjudication.

Naresh Kumar, Assistant Commissioner, W-62, is appointed as Nodal Officer for GST Audit in addition to his existing official duties. The appointment takes immediate effect and continues until further orders, with prior approval of the competent authority.

The amendments redefine a Banking Unit as a licensed financial institution undertaking permissible activities and introduce Global Administrative Offices and Representative Offices in IFSCs. A Global Administrative Office may coordinate operations or provide support services to a Parent Bank and its Group entities, subject to relevant foreign regulatory directions for activities outside the IFSC. A Representative Office may market financial products, collect data and conduct outreach operations. Parent Banks may establish these offices through a suitable mechanism subject to specified conditions.

Refund claims under the Delhi Goods and Services Tax Act, 2017 are sanctioned according to claim value. Claims up to Rs. 10 lakhs fall within the jurisdiction of the Assistant Commissioner or Goods and Services Tax Officer of the concerned ward, while higher-value claims are assigned to specified zonal senior officers. Applications must be filed in the concerned ward and placed before the competent sanctioning authority. Designated appellate authorities hear appeals against refund orders, while earlier-filed appeals continue before the existing appellate authority.

Regulation 13(8) of the International Financial Services Centres Authority (Banking) Regulations, 2020 is corrected to allow functioning as a trading member for interest-rate or currency derivatives and/or as a clearing member for clearing and settlement in any derivative segment. The correction replaces wording that linked trading-member functions and professional-clearing-member functions with "or", thereby recognising clearing-member functions without limiting them to a professional clearing member.

IFSC Banking Units must be capitalised by their Parent Banks at the prescribed minimum level and comply with Home Regulator directions unless otherwise specified. Leverage ratio and exposure ceiling requirements are subject to applicable norms and guidelines. Banking Unit liabilities are generally exempt from reserve requirements, except deposits raised from individuals resident in India or outside India. Banking Units may maintain freely convertible foreign currency accounts for eligible persons and undertake permitted financial-services and banking activities, subject to prescribed conditions, including design, execution and risk-management requirements.

Banking activities in International Financial Services Centres are expanded to permit banking units to offer Portfolio Management services and Investment Advisory services to persons resident in India and persons resident outside India. These activities are inserted into the permitted activities framework under the International Financial Services Centres Authority (Banking) Regulations, 2020, with effect upon publication in the Official Gazette.

Computation of the deduction under section 80IC requires verification where the prescribed Rule 18BBB report and complete particulars for allocating common expenses between eligible and non-eligible units are not furnished. Coordinate-bench rulings may be distinguishable where the evidentiary record lacks the information needed to test the deduction calculation. Fresh examination by the Assessing Officer, after providing the assessee a reasonable opportunity, is required on the basis of complete particulars.

Regulation 22 supersedes the specified Reserve Bank circular from commencement of the International Financial Services Centres Authority (Banking) Regulations, 2020. Actions taken or purportedly taken under that circular are preserved and deemed taken under corresponding provisions of these regulations. Banking Units already operating in an International Financial Services Centre must meet any additional requirements within three months of notification, subject to an extension specified by the Authority.

Ward No. 209 (Entertainment) under Zone-11, KCS, is established to regulate, monitor, assess and collect GST on entertainment and luxury services throughout the National Capital Territory of Delhi. Registered dealers engaged in covered activities are transferred to the ward, and future entertainment registrations are to be processed there. Coverage includes cinemas, events and shows, cable television operators, amusement and water parks, race courses, and similar activities.

Failure by a Parent Bank applicant or Banking Unit to comply with conditions attached to a banking licence may result in withdrawal of that licence. Before withdrawal, the Banking Unit must be given thirty days to make submissions. The Authority may additionally take any other action considered appropriate under the Act.

Power to specify procedures and issue clarifications enables the Authority to prescribe norms, procedures, processes and manners through guidelines or circulars for implementing the banking regulations and incidental matters. The Authority may also grant relaxations to facilitate and regulate financial services relating to banking and investment activities in an International Financial Services Centre.

Regulation 19 permits a Banking Unit to exchange margins with a counterparty Banking Unit or overseas regulated entity for non-centrally cleared over-the-counter currency, interest-rate, credit and commodity derivative contracts. Margin may be exchanged in freely convertible currency, permissible listed debt securities or sovereign securities to reflect mark-to-market exposure, subject to a legally enforceable netting arrangement and specifications issued by the Authority.