Deductions for provisions for bad and doubtful debts on rural advances remain allowable where RBI-certified rural-branch data is unrebutted and the claimed amount falls within the permissible limit. No branch exceeding the relevant population threshold was identified during assessment or remand proceedings, so the disallowance was deleted. Interest on Kisan Credit Card loans qualifies for deduction relating to transfer to a special reserve because annual review does not alter the loans' character as long-term finance. The deduction remains subject to the applicable statutory ceiling, and the related disallowance was deleted.

Reassessment beyond four years after a completed scrutiny assessment requires recorded reasons identifying the assessee's failure to disclose fully and truly all material facts and establishing a live, rational nexus between tangible material and alleged income escapement. General information concerning alleged shell entities, without linking it to the assessee or lender, is insufficient. Unsecured loans supported by account-payee payments, repayment with interest and tax deduction, confirmations, audited accounts, tax returns and bank statements establish creditor identity, creditworthiness and transaction genuineness. On these stated principles, reopening and the related unexplained-loan addition were treated as unsustainable.

Reassessment jurisdiction cannot rest on the date printed on a section 148 notice where portal records show that the notice was made available for communication only later. Issuance occurs when the notice is dispatched or made available for delivery. Where portal issuance occurred on 1 April 2021, the reassessment was governed by the statutory regime then in force, including the prescribed pre-notice procedure. Non-compliance with that procedure and issuance beyond the applicable limitation period invalidated the assumption of reassessment jurisdiction, rendering the consequential assessment proceedings void ab initio.

Unexplained cash deposits during demonetisation require a reasonable consolidated assessment where the taxpayer is a small business operator, has disclosed presumptive-taxation turnover, and relies on family savings without separate family bank accounts. Full addition of the deposits, including a post-office investment, was not warranted after considering disclosed turnover, accumulated family savings, and business income already returned. The unexplained-money addition was therefore restricted to a consolidated amount inclusive of disclosed business income, partly favouring the taxpayer.

Delay in filing an appeal requires sufficient cause supported by credible evidence explaining the period of default. Medical material did not establish an accident or continuing incapacity after November 2024, and it showed no significant abnormality. The assessee also continued operating a contracting business during the relevant period. No sufficient cause for the delayed filing was established; consequently, the delay was not condoned.

Search-assessment additions could not be sustained where no credible incriminating material was found against the assessee. The statements and electronic records relied upon arose from the same search material examined in a connected matter and lacked sufficient credibility and reliability to establish undisclosed income or alleged kickbacks. Consistent with the coordinate bench's treatment of the principal searched person, the additions were deleted and the issue was resolved in favour of the assessee.

Section 159 requires income-tax proceedings pending at an assessee's death to continue against legal representatives, and proceedings capable of initiation against the deceased to be initiated against them. Post-death assessment therefore requires notice to the legal representatives. An assessment completed in the deceased's name without notice to any legal representative is null and void, as is a consequential demand and a revisional order sustaining it. Portal unavailability during the proposed hearing period further prevented adverse consequences from the legal representative's failure to promptly report the death. Fresh assessment action may proceed only after notice to the legal representatives.

A single composite show cause notice under Section 74 cannot validly combine distinct tax periods or financial years. Each tax period must be addressed separately under the statutory scheme; clubbing multiple periods renders the notice jurisdictionally defective. Where adjudication and appellate proceedings are founded on such a composite notice, the defect extends to the consequential orders and proceedings, which are liable to be quashed.

Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.

Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.

Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.

Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.

Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.

Assessment functions for specified taxpayers are assigned to the jurisdictional Additional Commissioner (State Tax) or Joint Commissioner (State Tax) of the relevant division. Assessments must be undertaken exclusively through the Scrutiny Module and in accordance with the prescribed procedure under the Telangana and Central Goods and Services Tax laws.

Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.

Assessment functions under section 73 of the Telangana Goods and Services Tax Act, 2017 are re-assigned to the jurisdictional Additional Commissioner (ST) or Joint Commissioner (ST) of the concerned division for specified taxpayers. Such assessments must be conducted only through the Scrutiny Module and in accordance with the procedure prescribed under the Telangana and Central Goods and Services Tax Acts, 2017.

The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.

Service Exports India Scheme duty-scrip applications cannot be rejected solely because the applicant lacked an Import Export Code when services were rendered, following the amendment to paragraph 2.05 of the Foreign Trade Policy 2015-2020. Applications rejected on that basis require fresh reconsideration within three months. The period during which the petitions remained pending will not be counted for limitation. Whether the applications are otherwise barred by limitation remains open for determination.

Rule 137 is amended retrospectively from 30 November 2021 by extending the prescribed period from four years to five years. FORM GST DRC-03 is revised from 1 December 2021 to cover tax intimation through FORM GST DRC-01A, scrutiny, inspection, and specified return mismatches. Its payment table is replaced to capture tax period, applicable Act, place of supply, tax liabilities, interest, penalty, fee, ledger utilisation, and debit-entry particulars.

SEIS benefits under the Foreign Trade Policy 2015-20 cannot be denied merely because a service exporter lacked an active Importer Exporter Code when services were rendered or exported. Paragraph 2.05 requires service providers to hold an Importer Exporter Code when claiming Chapter 3 benefits, rather than at the time of export. Where the same issue has already been conclusively resolved in the claimant's earlier proceedings and no new basis for denial exists, the SEIS claim remains admissible.