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Customs, DGFT & SEZ
Dated:- 25-9-2026
Export-Linked Channel Enables Farmer Realisation of Rs.82 per kg Against Prevailing Market Price of Rs.60 per kg The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the flag-off of a 1 MT consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives on 24 September 2026. The initiative is aimed at expanding international markets for India's GI-tagged agricultural products and strengthening the participation of Farmer Producer Organisation (... ... ...

GST
Dated:- 25-9-2026
Board Reviews Measures for Trader Welfare, Ease of Doing Business, Digital Empowerment and Export Promotion The 11th Meeting of the National Traders' Welfare Board (NTWB) was convened at Vanijya Bhawan, New Delhi, in hybrid mode. The Board reviewed a range of measures concerning trader welfare, Ease of Doing Business, digital empowerment, access to finance, Centre-State coordination and export promotion. The deliberations also covered issues relating to GST, MSMEs, trader grievance redressal,... ... ...

Notification No. S.O. 4705(E) Dated:- 24-9-2025 Information Technology
MINISTRY OF FINANCE (Department of Expenditure) NOTIFICATION New Delhi, the 24th September, 2025 S.O. 4705(E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000) (hereinafter referred to as the said Act), the Central Government hereby declares the computer resources relating to the Public Financial Management System Application comprising of various Modules, Web Portals and their Databases, being Critica... ... ...

Customs, DGFT & SEZ
Dated:- 25-9-2026
Gold powder ingeniously blended with food products like milk powder, oats, rice flour and cake mix Continuing its sustained crackdown on gold smuggling, the Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit, based on specific intelligence, intercepted three Indian passengers arriving from Dubai at Chhatrapati Shivaji Maharaj International Airport, Mumbai, in the early hours of 23.09.2026, with operational assistance from the Air Intelligence Unit (AIU), Mumbai Airport Customs. D... ... ...

Customs, DGFT & SEZ
Dated:- 25-9-2026
This is one of the largest seizure of smuggled areca nuts in North-East Region Continuing its sustained crackdown on cross-border smuggling, the Directorate of Revenue Intelligence (DRI), has seized 1,25,680 kg of foreign-origin areca nuts and 41,697 kg foreign-origin poppy seeds, collectively valued at approximately Rs. 20.31 crore, in two intelligence-led operations in Mizoram and Assam. Four persons have been arrested in connection with the transportation of the smuggled poppy seeds. On... ... ...

Customs & Trade
Dated:- 25-9-2026
PTI
HAMBURG, Germany, Sept. 25, 2026 /PRNewswire/ -- During WindEnergy Hamburg 2026, Envision Energy's wind farm control system has received IEC 62443-3-3 Security Level 2 (SL2) certificate from TÜV SÜD, covering key elements of the wind farm control system, including SCADA, PPC, PLC and industrial network devices. The certificate marks a significant step forward in Envision Energy's cybersecurity journey, extending independently validated security capabilities from core control components to the wi... ... ...

FEMA / RBI
Dated:- 25-9-2026
PTI
New Delhi, Sep 25 (PTI) India's forex reserves dropped by USD 14.881 billion to USD 765.901 billion during the week ended September 18 due to a fall in foreign currency assets, according to the RBI data released on Friday. In the previous reporting week, forex reserves had fallen by USD 4.924 billion to USD 780.782 billion. For the week ended September 18, foreign currency assets, a major component of reserves, fell by USD 14.816 billion to USD 630.980 billion, according to the data releas... ... ...

FEMA / RBI
Dated:- 25-9-2026
PTI
New Delhi, Sep 25 (PTI) Rejecting claims of bank employee unions regarding a commitment to implement a five-day work week, government sources said there was no commitment on the issue from the Finance Ministry. Bank employee unions under the United Forum of Bank Unions have announced a three-day strike from September 28 to press for their demands, including a five-day work week. Unions have claimed that the Indian Banks' Association (IBA) had agreed to the proposal as part of the 12th Bipa... ... ...

Customs & Trade
Dated:- 25-9-2026
PTI
Bhopal, Sep 25 (PTI) Union minister Nitin Gadkari on Friday said the use of ethanol could help raise farmers' income and reduce India's dependence on petroleum imports, as he called for wider adoption of alternative fuels and cleaner public transport. He was addressing a programme here after launching Madhya Pradesh's new public bus service with Chief Minister Mohan Yadav. "Today, the farmer is not only our 'anna data' (food provider) but also our 'urja data' (energy provider)," Gadkari sa... ... ...

FEMA / RBI
Dated:- 25-9-2026
PTI
Mumbai, Sep 25 (PTI) The rupee appreciated 19 paise to close at 95.80 (provisional) against the US dollar on Friday, holding above the 96-mark, on improved global risk sentiment and possible intervention by the Reserve Bank. Forex traders said gains in the rupee were capped by US dollar demand from local importers, high crude prices and a stronger greenback driven by hawkish Federal Reserve signals. At the interbank foreign exchange market, the rupee opened at 95.92 against the American cu... ... ...

FEMA / RBI
Dated:- 25-9-2026
PTI
Pune, Maharashtra, India (NewsVoir) A credit score provides a quick view of an individual's credit standing. However, understanding credit health involves looking beyond the score and reviewing the credit information behind it. The Bajaj Finance Credit Pulse Report provides an online way to check available credit information at no additional cost. Reviewing this information can help individuals understand their credit profile, stay aware of their credit position and make informed decis... ... ...

Customs & Trade
Dated:- 25-9-2026
PTI
Brussels, Sep 25 (AP) Wars in the Middle East and Ukraine are driving governments across Europe to craft subsidies, taxes and policy revisions that might shield their economies, companies and increasingly aggrieved citizens from record gasoline and diesel prices. Countries around the world have intervened to limit the economic impact of diminished energy supplies and soaring fuel prices since the start of the Iran war, according to the Organization for Economic Cooperation and Development. Se... ... ...

Customs & Trade
Dated:- 25-9-2026
PTI
British Standards Institution certifies the AI management system governing GRAVTY®'s pioneering Agentic Systems portfolio. PALO ALTO, Calif., Sept. 25, 2026 /PRNewswire/ -- Global loyalty technology leader Loyalty Juggernaut today announced that it has achieved ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System, which governs the development, deployment, oversight and continual improvement of AI capabilities within its GRAVTY® platform. The certified scope enco... ... ...

2026 (7) TMI 250 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI AT
This is a neutral professional article. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court. 2026 (7) TMI 250 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI At a Glance • A body corporate may be a related party of a corporate debtor under Section 5(24)(i) of the Insolvency and Bankruptcy Code, 2016 even where it holds no shares directly in the corporate debtor. • The statutory inquiry... ... ...

Notification No. IFSCA/GN/2026/5 Dated:- 7-1-2026 Indian Law
IFSC capital market intermediary regulation permits unified registration for a unit undertaking multiple activities. Educational eligibility is expanded to include fintech, science, technology, engineering and mathematics, while the recognition requirement for a foreign university is removed and the specified period is reduced from ten to five. One principal officer may serve across specified intermediary activities, but distribution business must have a separate vertical head. Custodian recognition requirements are superseded, and custodians must meet revised net worth requirements, with transitional compliance for existing registrants.

Notification No. S.O. 4769(E) Dated:- 21-10-2025 Information Technology
Information-blocking administration under section 69A of the Information Technology Act, 2000 is assigned to a designated officer under the Information Technology (Procedure and Safeguards for Blocking for Access of Information by Public) Rules, 2009. Ajit Kumar is authorized and designated for that role, while Sushil Pal is designated to act as alternate Designated Officer during Ajit Kumar's absence due to leave, tour, or other circumstances.

Schedule of the International Financial Services Centres Authority (Performance Review Committee) Re...
^1[SCHEDULE (see regulation 3A) FORM OF DECLARATION OF FIDELITY AND SECRECY I, ______________________, on becoming a member of the Committee, do solemnly and sincerely declare that I will faithfully perform the duties to the best of my ability and that I will uphold the dignity of the position and that I will observe secrecy and will not directly communicate or divulge any of the matters or any information which may come to my knowledge in the discharge of my duties, except when require... ... ...

2023 (3) TMI 1643
Case Laws Income Tax
Additional evidence in tax appeals requires Assessing Officer verification before deletion of an unexplained foreign-property investment addition.
Rule 46A(3) requires the Assessing Officer to receive an opportunity to examine and verify additional evidence produced before the Commissioner (Appeals) before that evidence is relied upon. Where documentary evidence explaining the source of investment in foreign immovable property was first submitted in appeal, deleting the related addition without a remand report or opportunity for verification contravened that requirement. The issue requires fresh adjudication after the additional evidence is examined.

2024 (7) TMI 1822
Case Laws Income Tax
-
SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR US, JUDICIAL MEMBER For the Applicant : Shri Mukesh Singhal, Advocate For the Respondent : Shri Jatender Kumar Kale, CIT-DR ORDER PER PRADIP KUMAR KEDIA - A.M.: The captioned appeal has been filed by the assessee against the order of the Additional / Joint Commissioner of Income Tax (Appeals)-3, Hyderabad ('CIT(A)' in short) dated 10.01.2024 arising from the assessment order dated 16.03.2023 passed by the Assessing O... ... ...

Benami character under Section 2(9)(A) depends on the real relationship between consideration, holding and the direct or indirect benefit of the person providing funds, rather than transaction form. Bank funds and their proceeds may constitute property. A cash-to-bank trail through entities controlled by an alleged benamidar, supported by a sworn statement and surrounding commercial circumstances, may outweigh invoices and ledgers lacking independent substantiation. Procedural fairness requires disclosure of relied-upon material and a meaningful opportunity to respond; denial of cross-examination requires demonstrable prejudice. Provisional attachment remains subject to adjudication, hearing and appeal, while temporal application of amended definitions turns on whether property was transferred or continued to be held after commencement.

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