For iron ore fines exported before 1 May 2022, Fe percentage for tariff classification and export-duty assessment must be calculated on a Wet Metric Ton basis, deducting moisture and other impurities from gross weight. The Dry Metric Ton method introduced through the Supplementary Note to Chapter 26 applies only from 1 May 2022 and does not govern earlier shipping bills. Moisture and impurity data should be taken from contemporaneous Load Port Test Reports issued by accredited, government-approved laboratories rather than substantially delayed CRCL reports. The prescribed conversion is Fe x (100 - M)/100, requiring reassessment where dry-basis Fe content was used.

Article 8 of the India-Malaysia DTAA assigns taxing rights over profits from operating ships in international traffic to the residence State. Its scope encompasses cargo transportation undertaken by ship owners, lessees, or charterers. Freight earned through feeder-vessel arrangements, materially equivalent to slot-hire arrangements, consequently forms part of international shipping profits. In the absence of contrary facts or legal position, such freight income is not taxable in India and is governed by Article 8.

Cash deposits in specified bank notes may be treated as unexplained money only after allowing a reasonable estimate of cash retained from prior withdrawals; one-third of cumulative withdrawals is recognised as available cash where no evidentiary basis supports either full availability or nil retention. The residual addition remains taxable under the substituted Section 115BBE rate, which applies prospectively from assessment year 2017-18 based on its stated commencement, regardless of when the underlying transaction or income arose.

Alleged excess stock cannot be treated as unexplained investment where a survey-based tentative trading account omits direct manufacturing expenses, salary and wages already recorded in the books. A corrected trading account incorporating those undisputed expenses may eliminate the apparent stock difference. In the absence of documentary evidence of excess stock, disputed purchases, or other adverse material, an addition cannot rest solely on a director's erroneous admission based on an incomplete account. The alleged excess stock was therefore not assessable under Section 69B or taxable under Section 115BBE.

Reassessment based on an invalid return filed in response to a reopening notice does not require a scrutiny notice, because no valid return exists for assessment. A joint development agreement and power of attorney do not trigger a deemed transfer where the developer receives only a development licence, legal possession remains with landowners, the payment is a refundable security deposit, and no consideration or possession in part performance exists. Revisionary jurisdiction is unavailable where the Assessing Officer examined the capital-gains issue and adopted a legally sustainable view after inquiry.

Section 80G(5) approval should not be refused solely because a trust's objects include service camps for pilgrims at religious places. Where the trust's predominant activities provide food distribution, medical assistance and other welfare services to the public, animals and birds, an incidental pilgrim-service object does not displace its charitable character. The object must also not be confined to a particular religion, community or caste. On these principles, denial of approval is unsustainable.

Section 80G(5-B) treats an institution or fund incurring expenditure on religious activities not exceeding five per cent of its total income as eligible within the provision's scope. Rejection of Section 80G approval solely because a trust has religious objects is unsustainable without examining and recording whether actual religious expenditure exceeds that statutory threshold. Examination of the approval claim must therefore be confined to the requirements of Section 80G(5-B), including the extent of religious expenditure relative to total income.

Merchant Discount Rate at 0.4 per cent will apply from October 15 to person-to-merchant UPI payments above Rs 2,000, payable by merchants and subject to a cap for high-value transactions. Individual transfers and most everyday merchant payments remain free, while eligible small QR-code merchants are exempt. Essential-service payments and capital-market transactions receive separate fee treatment, and a portion of MDR collections will support small-merchant UPI adoption.

Composition levy treatment under the Odisha Goods and Services Tax Act, 2017 is amended under the proviso to section 10(1) on the recommendations of the Goods and Services Tax Council. The entry in column (3) against serial number 4 in the relevant table is replaced with "Fly ash bricks; Fly ash aggregates; Fly ash blocks". The change is confined to that specified goods entry.

Tata Sons' board approved by majority vote the Executive Chairman's reappointment for a further five-year term after he reconsidered an earlier decision not to seek renewal. Tata Trusts contest the validity of the resolution, maintaining that the Articles of Association require affirmative votes from both Trust-nominated directors and that a dissenting vote renders a chairmanship resolution legally void. They also cite the accepted succession process and unresolved directorship status arising from a general meeting lacking quorum.

Covered persons must furnish FORM GST CMP-08 containing details of self-assessed tax payments. This additional Odisha GST compliance obligation applies to the quarter ending 30 June 2022 and must be completed by 31 July 2022. It specifies the prescribed form, reporting content, quarterly period, and filing deadline.

Reporting persons or entities receiving Form No. 97 declarations for transactions covered by rule 159 must furnish Form No. 98 electronically by 31 October for declarations received by 30 September and by 30 April of the following financial year for declarations received by 31 March. They must register on the Reporting Portal, obtain an ITDREIN, and upload digitally signed statements through the principal officer's credentials. Existing Form No. 61 registrants may use their existing ITDREIN and principal officer. Inaccuracies and Data Quality Report defects require correction statements, while inadvertently filed reports may be removed through deletion statements. Entities must maintain information-security, archival and retrieval procedures. The procedure applies from 15 September 2026; earlier-year reporting remains under Form No. 61.

Recognition of NSE Clearing Limited as a clearing corporation is renewed for a three-year period from 3 October 2026 to 2 October 2029. The renewed recognition is subject to compliance with conditions specified from time to time and any further conditions that may be prescribed or imposed. The renewal permits the clearing corporation to continue operating within the applicable securities-market regulatory framework during that term.

Recognition of Metropolitan Stock Exchange of India Limited under the Securities Contracts (Regulation) Act, 1956 is renewed for one year, from 16 September 2026 to 15 September 2027, for contracts in securities. The renewal is subject to compliance with conditions prescribed or subsequently imposed by SEBI from time to time. The exchange may continue operating under the renewed recognition during that period, subject to those regulatory conditions.

Tariff values for specified imports are substituted under the customs valuation framework with effect from 16 September 2026. Listed edible oils, including crude and refined palm oil, palmolein and soybean oil, are valued between US$1,219 and US$1,268 per metric tonne, while brass scrap is valued at US$8,218 per metric tonne. Specified gold forms, including qualifying concessional imports and identified bullion and coins, carry a tariff value of US$1,373 per 10 grams; specified silver forms carry US$2,028 per kilogram. Areca nuts remain at US$11,574 per metric tonne. These substituted values govern customs valuation of the identified goods.

Physical presence of goods in an intermediate State therefore does not alone create authority to detain, seize, penalise or confiscate. Cross-empowerment is functional and taxpayer-linked, preserving the single-interface administrative structure without creating geographically unlimited enforcement power. Where verification establishes that both origin and destination lie outside the intercepting State, the officer may verify documents, identify and record apparent discrepancies, and communicate them to the proper officers of the consignor and consignee, but lacks coercive jurisdiction over a pure transit supply.

Under section 128 of the Odisha Goods and Services Tax Act, 2017, the fifth proviso is amended by substituting the prescribed date of 30 June 2022 with 28 July 2022. The amendment, made on the recommendations of the Goods and Services Tax Council, solely moves the temporal date specified in that proviso; no other alteration is set out.

Eligibility for appointment as Technical Member (State) to the State Benches of the Goods and Services Tax Appellate Tribunal in Goa is relaxed for officers of the Government of Goa. For ten years from publication, eligibility requires at least twenty-five years of government service as a Gazetted Officer, replacing the Group A or equivalent service requirement. All remaining appointment conditions continue to apply.

International Hardware Fair India 2026 is scheduled for 23-25 October 2026 at Bharat Mandapam, New Delhi, as a trade platform for the tools and hardware sector. Organised by Koelnmesse in association with the Federation of Indian Export Organisations, it is intended to facilitate product discovery, sourcing activity and exploration of domestic and international markets. Its Reverse Buyer-Seller Meet will bring hosted international buyers together with Indian manufacturers and suppliers for direct discussions on product presentations, buyer requirements and export-market opportunities.

86400 has expanded its financial-services technology portfolio through CardsXT as a Service, a UPI app experience and IBMB, extending its activities across card-programme infrastructure, consumer-facing digital payments and digital banking. CardsXT is intended to let banks and fintechs build, launch and manage card programmes through an integrated offering, with flexibility to develop and scale card products while reducing card-lifecycle technology complexity. The UPI app experience provides a platform developed by 86400 for a more seamless consumer UPI payments experience.