^1[9B. - The investments by an IIO in DTA as per category specified in sub-regulation (2), clause (A) of Regulation 5 of the Insurance Regulatory and Development Authority of India (Re-insurance) Regulations, 2018 shall be in accordance with the following matrix: Matrix 1B: Investment Asset Exposure Pattern Matrix for certain IIOs Sr. No. Type of Investment Asset Maximum Exposure Limits (per cent.) 1 Securities of Central Government of India 10 2 Corporate Bonds ... ... ...

New Delhi, Sep 22 (PTI) Following are the top stories at 5 pm NATION CAL22 BH-JAMUI-HARASSMENT-LD ARREST (4.03 PM) Two held after encounter in Jamui boy, girl harassment case; total five nabbed Patna/Jamui: Two accused in the harassment of a boy and a girl in Bihar's Jamui district were nabbed by police on Tuesday following an encounter in which both were injured, an official said. BOM17 MH-IIT-LD SUICIDE (3.07 PM) IIT Bombay student suicide: Crime Branch scans CCTV footage f... ... ...

^1[9A. - (1) Without prejudice to sections 10 (2AA) and 27 of the Insurance Act, 1938 and any provisions of these regulations, every IIO shall invest and at all times keep invested its funds of unit linked business as per pattern of investment subscribed by the policy- holders, where the units are linked to categories of assets which are both marketable and readily realizable. (2) The following limits of exposure shall be applicable for investment of unit linked business assets in entitie... ... ...

Government of Goa Department of Finance Office of the Commissioner of Commercial Taxes Order No. CST/26-2/GST/2025-26/5237 Date : 13-Feb-2026 Ref .:- 1) Order No. CCT/26-2/2017-18/4269 dated 11th December, 2017 published in Official Gazette, Series I No. 37 dated 14th December, 2017. 2) Order No. CCT/26-2/2020-21/300 dated 11th May, 2021 published in Official Gazette, Series I No. 7 dated 13th May, 2021. 3) Order No. CCT/26-2/2024-25/2334 dated 4th September, 2024 publish... ... ...

New Delhi, Sep 22 (PTI) The Supreme Court on Tuesday directed the Delhi Police commissioner and the Gurugram police to file affidavits explaining why the body of missing Delhi realtor Yuvraj Singh Manchanda was cremated despite lack of identification. Manchanda’s body was found dumped in a Gurugram drain by Haryana Police on September 10, but the family was informed only on September 16. His family has alleged that they were not informed about the recovery of the body and that the uniden... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 14th October, 2024 F. No. IFSCA/GN/2024/008.- In exercise of the powers conferred by sub-section (1) of Section 28 read with Section 12 and 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following regulations to amend the International Financial Services Centres Authority (Investment by International Financi... ... ...

GST classification treats merely heat-treated, unseasoned dried leguminous vegetables under HS heading 0713; branded goods in unit containers attract 5% GST and other cases are exempt, while mixtures with oil or salt or namkeens fall under subheading 2106 90. Almond milk falls under a residual beverage entry and attracts 18% GST. Mechanical sprayers of all types attract 12% GST. Imported stores for use in Indian Navy ships are exempt from GST. Lease-import IGST exemption applies to qualifying service arrangements, subject to bond, non-transfer, re-export and breach-payment conditions.

Hub-and-spoke international flight operations allow passengers to complete check-in, immigration and customs formalities at designated spoke airports before travel to a hub, then board onward international flights without repeat processing while baggage is transferred seamlessly. Security and immigration compliance have been strengthened after an onward passenger transfer occurred without completed immigration procedures. A show-cause notice, staff suspensions and a review of carrier checks and balances form part of the response.

Punjab SGST rate schedules are amended, with effect deemed from 27 July 2023, to reclassify specified goods for tax-rate purposes. Schedule I at 2.5% adds entries for un-fried or un-cooked snack pellets manufactured through extrusion, fish soluble paste, Linz-Donawitz (LD) slag, and imitation zari thread or yarn, each identified under its stated tariff heading.

Capital grants, subsidies and consumer contributions meeting asset cost must reduce actual cost; amounts not directly linked to individual assets require proportionate allocation among relevant assets, rather than a uniform percentage adjustment, before depreciation is recomputed. The related book-profit treatment requires fresh determination once grant and subsidy treatment is established. Interest on staff loans and incidental receipts are business income only where verification establishes a direct business nexus. Additional depreciation was unavailable for AY 2014-15 to a company solely distributing electricity because the later extension to distribution-only entities applies prospectively; consequential depreciation requires treatment under applicable law.

Recovery under the impugned tax demand notices remains stayed while the connected income-tax appeal is pending. The appellate authority is to determine the pending Rule 46A application and appeal within the extended three-month period, preserving prior interim protection until appellate disposal. Further relief may be sought if any cause survives after appellate proceedings conclude.

Customs classification of Bluetooth-enabled headsets, earphones, earbuds and neckbands depends on their objective network communication functions, rather than their form, label, audio output or microphone. Devices that actively receive, convert and transmit voice or data as part of a wireless network fall within tariff item 85176290; ordinary audio-only headphones or earphones with microphones fall within 85183000. Classification begins with heading language and applicable Section and Chapter Notes under General Rule 1; essential character under Rule 3(b) applies only where earlier rules leave competing headings. Note 3 to Section XVI makes principal function decisive for composite machines, while Circular No. 36/2013-Customs distinguishes active network apparatus from audio equipment.

Section 115BBE applies only where income is validly assessable under sections 68 to 69D; a disclosure, surrender, cash deposit or addition alone does not establish that prerequisite. Qualifying income is subject to the special rate and cannot be reduced by expenditure, allowances or loss set-off. The 2016 substitution raising the principal rate from 30% to 60% expressly operates from 1 April 2017. Under the prospective approach, financial year 2016-17 remains taxable at 30%, while a contrary approach applies the revised rate to assessments for the following assessment year. Classification under a deeming provision must therefore precede rate application. Penalty under section 271AAC depends on a valid section 115BBE determination and satisfaction of its statutory conditions.

Once execution of a cheque is admitted or proved, consideration must be presumed and the holder must be presumed to have received the cheque towards discharge, wholly or partly, of a legally enforceable debt or other liability. The drawer may rebut these presumptions on a preponderance of probabilities, but the defence must have a factual foundation. Bare denials, unsupported misuse allegations, and blank-cheque or security-cheque assertions ordinarily do not displace the presumptions. Financial capacity becomes material only upon a credible, specific, and evidence-based challenge.

Late-presentation charges for a Bill of Entry arise only where the proper officer, after assessing the reasons for delay, is satisfied that no sufficient cause exists. Regulation 4(3) prescribes the charging framework and permits waiver where the reasons are satisfactory; automated calculation cannot replace this statutory assessment. For supplementary Bills of Entry covering excess cargo subsequently identified as part of a timely declared consignment, waiver depends on causation, importer fault, bona fide and prompt corrective action, amendment requests, and willingness to discharge undisputed duty. A legally sustainable refusal or grant of waiver requires a reasoned evaluation of evidence rather than mechanical reliance on delayed filing.

GST liability on works or composite supplies remains governed by the applicable statute, whereas reimbursement of an incremental GST burden depends on the contract's allocation of tax risk. An inclusive-tax clause must be read with any change-in-law, price-adjustment, tender or award provisions to determine whether the employer owes an adjustment; GST becoming payable alone does not establish reimbursement. Contract-wise reconciliation of pre- and post-GST work may determine a revised GST-inclusive value and support a supplementary agreement where adjustment is contractually justified. Such contractual relief operates only between contractor and employer and cannot permit revised returns contrary to statute or waive statutory limitation, interest or penalties.

Medical relief is an independently listed charitable purpose; revenue, premium accommodation, advanced facilities and operational scale do not alone make a charitable hospital commercial. Registration renewal turns on genuine activities in furtherance of medical relief, application of income and assets to charitable objects without private diversion, and compliance only with other-law requirements material to those objects. A tax authority should not independently determine specialised regulatory breaches absent a relevant adverse order from the competent regulator within the specified-violation framework. Renewal rejection and retrospective cancellation are distinct: cancellation from the original registration date requires a separate sustainable statutory and factual basis, rather than later operational concerns alone.

Tax treatment of payments under restructuring or voluntary-retirement schemes depends on their statutory substance rather than labels such as VRS or ex gratia. Retrenchment-linked compensation under a Central Government-approved special-protection scheme may fall within section 10(10B), rather than the limited section 10(10C) regime and Rule 2BA conditions. Leave encashment is a distinct terminal receipt governed by section 10(10AA): Government employees receive full coverage, while other employees are subject to earned-leave, salary, aggregation and notified-limit conditions. Notification No. 31/2023 specifies a twenty-five-lakh limit for non-Government employees, effective from 1 April 2023. Settlement components and supporting records should be separately identified.

Recovery of an advocate's unpaid professional fees arising from legal representation does not constitute a commercial dispute under the Commercial Courts Act, 2015. "Provision of services" is construed in its commercial context and consistently with the Act's purpose of expediting high-value commercial disputes. Legal practice is a specialised profession rather than trade or business, and the advocate-client relationship is fiduciary and personal. Treating legal engagements as commercial service agreements would unduly expand commercial jurisdiction; fee-recovery suits therefore remain cognisable by ordinary civil courts.

Insurance-business registration is amended by removing references to scheduled forms and permitting forms to be specified by the Authority. Forms A, B, C and D in the First Schedule and Forms A and B in the Fourth Schedule are omitted. Reinsurance applicants must opt, when applying, for the category through which they intend to participate in reinsurance business emanating from the DTA.