GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX, EXCISE & NARCOTICS ITANAGAR Notification No. 29/2021 - State Tax The 30th July, 2021 No. GST/23/2017/Vol-II.- In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Arunachal Pradesh Goods and Services (Amendment) Act, 2022 (13 of 2022), the State Government hereby appoints the 1st day of August, 2021, as the date on which the provisions of sections 4 and 5 of the said Act shall come into force. ... ... ...

GOVERNMENT OF ARUNACHAL PRADESH DEPARTMENT OF TAX, EXCISE & NARCOTICS ITANAGAR Notification No. 16/2021 - State Tax The 1st June, 2021 No. GST/23/2017/Vol-II.- In exercise of the powers conferred by sub-section (2) of section 1 of the Arunachal Goods and Services Tax (Amendment) Act, 2022 (13 of 2022) (hereinafter referred to as the said Act), the State Government hereby appoints the 1st day of June, 2021 as the date on which the provisions of section 6 of the said Act shall come ... ... ...

SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER For the Assessee : Shri Prakash Jhunjhunwala For the Revenue : Ms. Rajeshwari Menon, Sr.DR ORDER PER GIRISH AGRAWAL, ACCOUNTANT MEMBER: This appeal filed by the Revenue is against the order of Ld. CIT(A)-54, Mumbai vide order no. ITBA/APL/S/250/202324/1054510864(1), dated 21.07.2023 passed against the assessment order by the Deputy Commissioner of Income Tax - 8(1), Mumbai, u/s.143(3) of the Inc... ... ...

Operations expose sophisticated methods of concealment and organised smuggling networks operating through airports, rail routes and the Indo-Bangladesh border Continuing its sustained crackdown on organised gold smuggling, the Directorate of Revenue Intelligence (DRI) has seized around 41 kg foreign-origin gold, cumulatively valued at around Rs 62 crore in six intelligence-led operations in recent days. The operations have resulted in the arrest of 24 persons, including three foreign national... ... ...

The amendments revise associate identification, pre-close deployment of contributor monies, investment conditions and investor protections across Venture Capital, Restricted and Retail schemes. NAV computation, valuation and portfolio disclosure obligations are aligned with commencement of investment activity and scheme type. Sponsor contribution rules, exemptions for relocated, passive, index and fund of funds structures, and sectoral-cap treatment are updated. FMEs and fiduciaries must maintain and approve compliance policies, verify key service-provider appointments before investor agreements, and ensure prescribed investor approvals or disclosures.

Eligible existing and new-to-bank customers may access a simplified Auto and Two-Wheeler financing journey through a fully digital, end-to-end paperless process. Automated decisioning, straight-through processing, digital documentation and dealer integration are intended to enable application-to-disbursement within 30 minutes, reduce financing friction and accelerate access to vehicle finance. The broader initiative uses customer engagement and employee capability-building measures to convert customer feedback into faster action and improved service experiences.

Wizzmoni Financial Services Limited and Appreciate are integrating global-investing infrastructure into the Wizz Financial App. Retail and high-net-worth customers may access US-listed stocks, exchange-traded funds and Global Mutual Funds through a digital experience with onboarding, a single-KYC journey and multi-bank remittance support. International investing is routed through regulated GIFT City IFSC infrastructure and is positioned as a compliant pathway under the RBI's Liberalised Remittance Scheme framework, alongside existing foreign-exchange and cross-border payment services.

Money-laundering charges were ordered to be framed against nine accused on allegations that manipulation of a railway hotel lease tender enabled the transfer of undervalued land through DMCPL and subsequent share transfers to Rabri Devi and Tejashwi Yadav. The land was treated as alleged proceeds of crime arising from abuse of public office. At the charge-framing stage, strong suspicion, rather than conclusive proof of criminal intent, was sufficient. Documentary material concerning land transfers, company control, loans, shareholding changes and subsequent transfers supported the allegations.

Financial-sector digitalisation is being advanced through proposed tokenisation of corporate bonds, digital public infrastructure for next-generation financial services, and recognition of an additional self-regulatory organisation. The Unified Lending Interface is identified as an example of such infrastructure. Trust is central to the financial system, and fintech entities are expected to treat data as a fiduciary responsibility rather than as a business asset. United Fintech Forum has received approval as the second self-regulatory organisation for the financial sector.

GST recovery involving business entities undergoing Insolvency and Bankruptcy Code proceedings must follow the previously issued recovery guidelines. Ward Incharges must take timely action on cases forwarded to their wards, strictly adhere to the prescribed framework, and submit monthly compliance reports through their respective Zonal Incharge to the Law and Judicial Branch from January 2022 onwards.

Rule 28(2) values related-party corporate guarantee services supplied to a banking company or financial institution at the higher of actual consideration and one per cent per annum of the guaranteed amount. The service is taxable independently of loan disbursal and is valued on the amount guaranteed. Fixed-term guarantees are valued for their full period, while renewals are valued on each renewal. Domestic intra-group guarantees follow forward charge and overseas related-party guarantees to Indian recipients follow reverse charge. Invoice value is accepted where full input tax credit is available, and Rule 28(2) excludes guarantees supplied to recipients located outside India.

Exemption from the suitability test for Graduate Typists and Confidential Assistants dispensed only with the qualifying-test requirement; it did not grant preferential promotion rights as Section Officers. The exemption expressly preserved the claims of eligible non-graduate candidates who had passed the test and awaited appointment. A later clarificatory order could not enlarge the original exemption into a continuing graduate preference after its effective date. Eligible non-graduates who satisfied the test requirement therefore retained their claims to appointment and consequential service benefits without being subordinated to exempt graduate candidates.

Deduction under section 80IB(10) extends to additional income disclosed during a search where unrecorded customer receipts arise from sales of flats in an otherwise eligible housing project. Such receipts retain the character of housing-project business income despite not being recorded in the regular books. Assessment under the search provisions requires total income to be computed by applying other applicable provisions, including Chapter VIA deductions, provided the prescribed conditions are met. The disclosed income therefore qualifies for the housing-project deduction when its source is the eligible project.

Penalty waiver in 2A and 2B mismatch objection cases may be considered where the mismatch amount does not exceed Rs. 10,000. The dealer must voluntarily deposit the due tax and accrued interest before the hearing date and submit proof of payment. Subject to these conditions, the Special Objection Hearing Authority may consider waiving the penalty to reduce avoidable litigation and objection pendency.

MSME export readiness requires consistent product quality, reliable delivery, documentation, regulatory compliance and operational systems capable of sustaining buyer trust. Digital trade processes require relevant registrations, including IEC and GST, and use of ICEGATE and DGFT systems. Free Trade Agreements may enable reduced or zero customs duties in specified markets, subject to applicable eligibility conditions and rules.

Blocked input tax credit under Rule 86A of the GST Rules, 2017 may be restricted where wrongly or fraudulently availed, but the restriction ceases after one year if no action has been taken. Identified cases involving ITC blocked beyond one year were required to be reviewed by zonal and ward in-charges, with action taken updated in the KPI 18 sheet and a compliance report furnished to the BIU.

GST registration is prohibited, for the time being, unless biometric-based Aadhaar authentication is completed. The requirement applies across the country and addresses fraudulent registrations obtained through misuse of PAN and Aadhaar details. Biometric authentication is treated as necessary to curb fake registrations, revenue loss and harassment caused by identity misuse. Authorities may raise objections concerning practical difficulties in implementation.

De-notification of 0.0792 hectares from an Information Technology and Information Technology Enabled Services Special Economic Zone reduces the notified SEZ area from 5.37 hectares to 5.2908 hectares. The land comprises Survey No. 439 in Sholinganallur village. The action is exercised under the second proviso to section 4(1) of the Special Economic Zones Act, 2005, read with rule 8 of the Special Economic Zones Rules, 2006, after State Government approval, Development Commissioner recommendation, and fulfilment of applicable statutory requirements.

Additional IGST refund claims arising from an upward revision of export-goods prices may be filed electronically in FORM GST RFD-01 and are processed by the jurisdictional GST officer. Eligibility depends on documentary establishment of the price revision, payment of additional IGST and applicable interest, and receipt of corresponding additional foreign-exchange remittance. The officer must verify GSTR-1 reporting, GSTR-3B payment, revised export value, and foreign-exchange remittances. Claims below the prescribed minimum are not payable, and filing is subject to the applicable two-year limitation period.