Upper age-limit eligibility prescribed in a recruitment advertisement cannot be relaxed unless an express statutory or advertised power permits relaxation. An erroneous acceptance of an online application, participation in selection, or provisional inclusion in a merit list does not create an indefeasible right to appointment for an ineligible candidate. Where an earlier proceeding has conclusively determined that the candidate exceeded the upper age limit, the same eligibility issue cannot be reopened in a challenge to non-appointment under res judicata. A relaxation plea that should have been raised earlier is also barred by constructive res judicata.

Marketing and technical support services supplied to an overseas group entity for consideration received in convertible foreign exchange are treated as exports of services rather than intermediary services. Consistent treatment of materially similar services supports export classification where the supplier provides the services directly to the overseas recipient. Consequently, denial of refund of accumulated CENVAT credit on the ground that the services are intermediary services is unsustainable.

Unexplained cash deposits during demonetization - Failure to verify available material Addition of cash deposits made during the demonetization period as unexplained money without verification of the assessee's bank statement and Form 26AS - HELD THAT: - AO did not object to the return filed in response to the notice along with the audit report, but made the addition without obtaining the bank statement or verifying Form 26AS available in the assessee's ITBA records. These verificatio... ... ...

Bad debts written off - statutory conditions for deduction Deductibility of bad debts written off in respect of sale proceeds, where the debt had been taken into account in the assessee's income - HELD THAT: - The circular applicable to the relevant assessment year supported the claim. The first appellate authority's finding that the statutory condition was not fulfilled was cryptic, lacked critical analysis of the documents on record, and was contrary to the past returns showing sati... ... ...

Levying penalty u/s.272A(1)(d) - non compliance of the notices issued u/s. 142(1) - Levy of penalty for failure to comply with multiple notices issued for furnishing scrutiny details HELD THAT: - The subsequent notices, following the first notice, substantially sought the same information. Having regard to the explanation for non-compliance, fairness required that penalty be confined to the failure to comply with the first notice alone. [Paras 7] The penalty was sustained only to the exten... ... ...

Agricultural income - unexplained money addition - non considering the lease deeds, sale agreements and banking-channel receipts produced by the assessee Addition as unexplained money on rejection of agricultural income claimed from leased agricultural land and sale of trees - HELD THAT: - The rejection rested principally on the unsigned English translations of lease deeds and absence of adequate supporting material. The original Malayalam lease deeds bore the signatures of both lessor and le... ... ...

Unexplained cash credit on sale proceeds of listed shares - General investigation report-assessee-specific corroboration - Consequential addition for alleged commission expenditure - HELD THAT: - The assessee discharged the initial onus by producing documentary evidence of the acquisition, dematerialised holding and sale of the shares through recognised stock exchange platforms, with consideration received through banking channels. A general investigation report, unaccompanied by material con... ... ...

BRICS supports a rules-based multilateral trading system and seeks restoration of an accessible, effective, fully functioning two-tier binding dispute-settlement mechanism, including prompt appointment of Appellate Body members. It opposes unilateral tariff and non-tariff measures, trade restrictions, and economic or secondary sanctions not authorised by the UN Security Council. It also seeks reform of International Monetary Fund and World Bank governance through greater representation, quota and shareholding realignment, and increased voting power for emerging markets and developing economies.

Professional-services TDS treatment concerns determination of the applicable tax-deduction rate and threshold for an invoice issued for Chartered Accountant services under Income Tax 2025. The issue concerns withholding obligations associated with professional fees, without stating a rate, threshold, statutory provision, or substantive response.

GST compliance considerations arise where a Chennai-based registered person imports quality-testing equipment for use at customer locations across India. The equipment is intended for quality-assurance certification and must be transported from Tamil Nadu to customer sites outside the State. The article also raises whether imported equipment may be delivered directly to a customer location in Gujarat for testing and then moved back to Tamil Nadu, with appropriate documentation and compliance precautions for direct delivery, interstate movement, customer-site use, and return transportation.

E-way bill generation from a location other than the registered place of business is considered for a GST-registered business that purchases goods from farmers across villages and dispatches them directly to customers. Clarification is sought on whether billing and e-way bill details should use the "Bill From-Dispatch From" transaction type or a regular transaction type showing the actual dispatching address.

Taxation of a private discretionary trust is considered where beneficiaries' shares are indeterminate or unknown and other income is taxed at the maximum marginal rate. Capital gains were treated as special-rate income in the return, with the special rate applied separately. Return processing instead applied the maximum marginal rate to all income, including capital gains, resulting in a demand. The issue concerns the appropriate response to that demand.

Provisional attachment powers and recovery-related functions under the Delhi Goods and Services Tax Act, 2017 may be exercised by all Assistant Commissioners and Goods and Services Tax Officers only after obtaining prior case-specific approval from the Commissioner, State Tax. The arrangement partially modifies earlier delegation orders and takes effect immediately.

Timely issuance of show cause notices is required to preserve the statutory period available for GST adjudication. In non-fraud cases, notices must be issued at least three months before expiry of the three-year period for issuing an adjudication order. In fraud, wilful misstatement, or suppression cases, notices must be issued at least six months before expiry of the five-year order-making period. Ward and zonal in-charges should identify cases requiring action and ensure time-bound completion of proceedings.

Bullion exchanges, clearing corporations and depositories must maintain legal compliance, due diligence, risk management, governance, fair dealing, customer or investor protection, and prompt reporting of relevant violations. Governing boards must oversee critical operations, technology, compliance, risk, audit and grievances; maintain an independently functioning three-lines-of-defence structure; establish measurable risk-appetite controls; and review products and revenue streams for compliance and risk. Directors, committee members and key management personnel must act with integrity, protect confidential information, disclose interests, avoid conflicts and misuse of position, and ensure regulatory compliance.

Regulation 79 repeals the earlier bullion exchange framework and supersedes specified circulars on governance, securities-dealing disclosures, and net-worth requirements. Repeal and savings preserve prior registrations, approvals, proceedings, investigations, pending applications, accrued rights, liabilities, penalties and remedies through corresponding provisions. References to the repealed framework are construed as references to the corresponding provisions, and prior circulars and guidelines continue unless specifically superseded or modified, except for circulars expressly superseded.

Implementation of the International Financial Services Centres Authority (Bullion Market) Regulations, 2025 may be supported by norms, procedures, processes, manners or guidelines specified by the Authority through circulars, including for matters incidental to implementation of the regulatory framework.

The Authority may relax strict enforcement of Bullion Market regulatory requirements on its own motion or upon an application by a covered entity, where written reasons support the interests of developing and regulating the financial services market in an International Financial Services Centre. Applications must state relevant details and grounds, be accompanied by the prescribed non-refundable fee, and be processed within thirty days once complete. Reasons for acceptance or refusal must be recorded, and rejection reasons must be communicated to the applicant.

Power to remove difficulties authorises the Authority to issue directions through guidance notes or circulars where difficulties arise in interpreting or applying the International Financial Services Centres Authority (Bullion Market) Regulations, 2025. The mechanism facilitates interpretation and application of those regulations.

Prior approval of the Authority is required for bullion exchanges and bullion clearing corporations to make or amend bye-laws and constitutional documents concerning regulated matters. Proposed amendments require governing board approval, shareholder approval where applicable, submission for regulatory approval, and Gazette and State publication where applicable. Applications must include board minutes, shareholder resolutions and public consultation. Amendments pursuant to regulations, circulars or similar instruments issued by the Authority are exempt from shareholder approval and public criticism.