Government of Goa Department of Commercial Taxes Vikrikar Bhavan, Panaji - Goa - 403001 CCT/26-4/2017-2018/D/2658 Dated: 13th January, 2020 CIRCULAR (No. 35 / 2019-20 - GST) Subject: Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in case of non-furnishing of return under section 39 or section 44 or section 45 of the Goa Goods and Services Tax Act, 2017 (hereinafter referred to as the "Goa GST Act"). It has further ... ... ...

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Information Technology New Delhi, the 17^th October, 2000 NOTIFICATION G.S.R 788(E).- In exercise of the powers conferred by sub-section (3) of section 1 of the Information Technology Act, 2000 (21 of 2000), the Central Government hereby appoints 17^th Day of October 2000 as the date on which the provisions of the said Act comes into force. [No. 1(20)/97... ... ...

M.C. AGARWAL, J. ORDER 1. This revision petition under Section 11 of the U.P. Trade Tax Act, 1948 is directed against an order dated 15th March, 1995, passed by the Trade Tax Tribunal, Kanpur Bench I, Camp Lucknow, whereby it dismissed an appeal by the dealer revisionist against an order of the Divisional Level Committee rejecting an application of the dealer revisionist for the issue of an eligibility certificate under Section 4-A of the Act. 2. I have heard the learned counsel for the... ... ...

Special Purpose Vehicles incorporated or administered by authorised Trust and Company Service Providers may undertake leasing or financing activities where permitted by the Authority. Such SPVs must maintain minimum owned funds or paid-up share capital equivalent to the amount prescribed under the Companies Act, 2013, or another amount specified by the Authority. Leasing or financing activity by an SPV is exempted from regulations 4 and 8 of the Finance Company framework.

BHARATI DANGRE, J. For the applicant : Mr. Ayaz Khan For the State : Ms. Aruna S Pai, PP with Mr. Y.M. Nakhwa, APP P.C :- 1 The applicant, a young man, aged 23 years, came to be arrested by the NCB on 9/4/2021 in connection with NCB/BZU/CR-35/2021 for violating the provisions of the Narcotics Drugs and Psychotropic Substances Act, 1985 (for short 'NDPS Act'). He presently faces a charge u/s.20(b)(ii)(A), 22(c), 23(c), 28 and 29 of the NDPS Act. By the present application, ... ... ...

Registration, regulation and supervision of Pension Funds in the IFSC require a certificate of registration from the Authority and are directed to long-term retirement savings, subscriber protection, transparency, and pension-system integrity. Applicants must be IFSC-incorporated companies or qualifying foreign-company branches, permitted only where the Pension Fund is already regulated for comparable activities in India or another jurisdiction. They must have a board of at least four directors with at least half independent, demonstrate at least ten years' relevant institutional experience, and maintain minimum net worth of USD 1 million. At least two qualified Key Managerial Personnel and a Board-reporting Compliance Officer are required.

Electronic-signature recognition replaces the digital-signature-only framework, permitting prescribed reliable authentication techniques and supporting Electronic Signature Certificates, secure signatures, electronic contracts, electronic audits, and authorised e-service delivery. The amendments impose compensation liability on body corporates negligent in safeguarding sensitive personal data, expand computer-related and online-content offences, regulate interception, blocking, traffic-data monitoring, and critical-infrastructure protection, and condition intermediary immunity on limited functions, due diligence, and expeditious action against unlawful material. Electronic evidence may be supported by notified expert opinion.

NCLT approval of a corporate insolvency resolution plan, coupled with the resulting moratorium, prevents pending Revenue appellate proceedings from continuing. Where financial creditors have initiated insolvency resolution proceedings and the resolution plan receives approval, further prosecution of Revenue appeals serves no purpose. The operative effect is that such tax appeals cannot continue after plan approval.

Classification of ductless split-system air conditioners with two-ton capacity remains disputed between the tariff item for ductless split systems and the specific entry for split air conditioners of two tonnes and above. Harmonized System Explanatory Notes describe split systems as ductless installations using a separate evaporator for each area. Conflicting coordinate-bench views classified such systems respectively under the ductless-system entry and the capacity-based entry. The classification issue was referred to a Larger Bench for resolution of the conflicting interpretations.

Appellate enhancement is confined to income sources examined in assessment and cannot introduce sale consideration as a new taxable source where only related expenditure was scrutinised. Advance rental receipts already offered in later years are not taxable again absent accrual in the relevant year, preventing double taxation. Recorded bank credits, loans and advances supported by ledgers, confirmations and banking evidence cannot be treated as unexplained without adverse material. Likewise, no unexplained-investment addition arises for shareholdings acquired in earlier years, while documentary proof of disclosed cash sources and individual-to-HUF transfers shifts the evidentiary burden to the Revenue.

Rental advances already offered to tax in subsequent years should not be taxed again in an earlier year where bank reconciliation establishes lower actual receipts, applying accrual, real-income and anti-double-taxation principles. Appellate enhancement may address an issue or source considered in assessment but cannot introduce a new source of income, such as sale consideration not examined during assessment. Money recorded in books and supported by confirmations, ledgers, PAN details and banking records cannot be treated as unexplained under Section 69A once identity, genuineness and creditworthiness are established. Carried-forward loans, advances, investments, cash deposits and bank transfers remain explained where financial records establish their source and no contrary material is produced.

Regulation 12 is omitted from the International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024. Item 5 of the Second Schedule is correspondingly revised by deleting its reference to regulation 12, leaving only the reference to regulation 11. The amendments take effect upon publication in the Official Gazette.

The Commissioner of State Tax, Goa, withdraws ab initio the GST clarification concerning doubts relating to the supply of Information Technology enabled Services (ITeS). Representations had expressed apprehensions about its implications. The withdrawal is exercised under the power to issue directions for uniform implementation and seeks consistent application of GST provisions across field formations.

Service Companies of Lloyd's IFSC are redefined as service companies registered in India and promoted by Lloyd's Managing Agents, permitted group entities of Managing Agents or Members of Lloyd's, or Indian companies meeting applicable regulatory criteria. The revised definition applies to insurance-business registration in International Financial Services Centres and took effect upon Official Gazette publication on 8 January 2026.

Performance Review Committee composition is amended to require at least two independent experts from relevant fields, replacing the earlier provision permitting up to two such experts. The amendment modifies the International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022 and takes effect upon Official Gazette publication.

Setting aside an assessment without an express remand or direction to make a fresh assessment wipes out the original assessment rather than merely reopening it. Appellate power to require fresh adjudication must be exercised through a clear direction authorising reassessment. Where an assessment was set aside on the basis of Form 26AS but no fresh-assessment direction accompanied the order, the assessment stood annulled, and the Assessing Officer had no jurisdiction to issue a fresh assessment order on that issue.

On commencement, the earlier 2021 procedure-making regulations are repealed, but actions, purported actions, and commenced processes under that regime retain effect and are treated as arising under corresponding current provisions. Subsidiary instructions issued before commencement are similarly preserved. Regulations, subsidiary instructions, and related actions before or after commencement are not invalid merely because the prescribed procedure was not followed.

Regulation 12 excludes the prescribed regulatory procedure from internal organisational matters, procedural measures or subsidiary instructions not involving substantive policy changes, coordinated decisions, and specified market integrity or national security interventions. It also covers measures required to meet international agreements or similar arrangements where public consultation serves no meaningful purpose. The Authority must be informed whenever the prescribed procedure is not applied.

Periodic review is mandated for each regulation made under regulation 3 every five years, unless an earlier review is warranted. The review assesses objectives, outcomes, implementation, enforcement, related litigation, global best practices, relevance in a changed environment, redundancy reduction, and ease of doing business. Where amendment is warranted, it must be made under the procedure in Chapter III.

Amendments to existing regulations and subsidiary instructions made under regulation 4(2) must comply with the procedural requirements prescribed in Chapter III, subject to regulations 6 and 9. The amendment process therefore applies to both regulations and subsidiary instructions.