Kohima, Sep 21 (PTI) Nearly five lakh voters in Nagaland are expected to receive notices from electoral authorities over discrepancies in mapping their details with the 2005 electoral roll as part of the ongoing Special Intensive Revision (SIR). Addressing a press conference here on Monday, a day after publication of the draft electoral roll under SIR, Additional Chief Electoral Officer Awa Lorin said the exercise showed 9.33 per cent of electors under the no-mapping category, and 27.31 per c... ... ...

This is a neutral professional article. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court. 2026 (6) TMI 371 - RAJASTHAN HIGH COURT At a Glance • Section 115BBE of the Income-tax Act, 1961 imposes a special rate on income falling under sections 68, 69, 69A, 69B, 69C and 69D. Its reproduced text requires tax at 60% on the qualifying income and separately taxes the balance total income. • The provision appl... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 25th October, 2023 No. IFSCA/2023-24/GN/REG042.- 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 Fina... ... ...

GOVERNMENT OF GOA Department of Finance Office of the Commissioner of Commercial Taxes No. CCT/26-4/2023-24/3627 Panaji, 25th January, 2024 Order [Under Rule 9(1)(b) of the Goa Goods and Services Tax Rules, 2017] In exercise of the powers conferred upon the Commissioner under Clause (b) of sub-rule (1) of Rule 9 of the Goa Goods and Services Tax Rules, 2017 read with Section 25 of the Goa Goods and Services Tax Act, 2017 (Goa Act 4 of 2017), I, the undersigned, Commissioner ... ... ...

Government of Goa Department of Commercial Taxes Vikrikar Bhavan, Panaji - Goa - 403001 No. CCT/26-4/2022-23/F/3302 Panaji 7th February, 2023 Subject: Ref: Circular No. 185/17/2022-GST dated 27th December, 2022 issued under Central Goods and Services Tax Act, 2017 by the GST Policy Wing, Central Board of Indirect Taxes and Customs, Department of Revenue, Ministry of Finance, GOI, New Delhi. Circular (No. 16/2022-23-GST) Central Board of Indirect Taxes and Customs (CBI... ... ...

SHRI RAMESH C. SHARMA, AM AND SHRI VIJAY PAL RAO, JM For the Assessee : Shri S.R. Sharma (CA) & Shri R.K. Bhatra (CA) For the Revenue : Smt. Runi Pal (JCIT) ORDER PER VIJAY PAL RAO, JM : This appeal by the assessee is directed against the order dated 22nd November, 2017 of ld. CIT (A)-4, Jaipur arising from penalty order passed under section 271AAB of the IT Act for the assessment year 2015-16. The assessee has raised the following grounds :- " 1. That the notice issued b... ... ...

Instruction No. 17/2026-Cus F. No. CBIC-140605/13/2024-DBK Government of India Ministry of Finance: Department of Revenue Central Board of Indirect Taxes and Customs Drawback Division New Delhi, dated the 21st September 2026 To, All Principal Chief Commissioners / Chief Commissioners of Customs / Customs (Preventive) / Customs & Central Taxes All Principal Commissioners / Commissioners of Customs / Customs (Preventive) All Principal Director Generals / Director Gene... ... ...

The earlier re-insurance regulations, together with related circulars and guidelines, cease to apply in International Financial Services Centres from commencement of the 2023 framework. Actions taken or purportedly taken before commencement are preserved through a deeming provision and treated as taken under corresponding provisions. IIOs operating before commencement must meet any additional requirements within three months, subject to an Authority-specified extension.

11. : (1) In order to remove any difficulty in the application or interpretations of the provisions of these regulations, the Authority may issue clarifications through guidance notes or circulars. (2) On an application, received along with the specified non-refundable processing fees, the Authority, may for the reasons to be recorded in writing, relax the strict enforcement of any of the provisions of these regulations. =============... ... ...

10. For the purpose of implementation of these regulations and matters incidental thereto, the Authority may specify norms, procedures, processes and manners for compliance by IIOs. =============... ... ...

9. : An IIO shall furnish information related to inward and outward re-insurance arrangements, as the case may be, to the Authority, in such manner, interval and in such form, as may be specified by the Authority. =============... ... ...

CHAPTER V MISCELLANEOUS 8. : (1) Any IIO may initiate proposal for formation of an insurance pool and submit the same with the Authority for obtaining prior approval; (2) The Authority, after examining various factors including but not limited to its objectives, basis, capacity for participation, limits of liability and terms and conditions, may permit for formation of insurance pool; (3) The Authority, wherever necessary, may also suo-moto direct IIOs to create and participate in... ... ...

7. : (1) Every IIO, before placing of re-insurance business (cession or retrocession) with the foreign insurers or foreign re-insurers, shall ensure that - (i) such foreign insurer or foreign re-insurer and its promoters, partners or controlling shareholders are not from the jurisdiction identified in the public statement of Financial Action Task Force as: (a) a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to whic... ... ...

CHAPTER IV RE-INSURANCE AND RETROCESSION REQUIREMENTS 6. - (1) Every IIO shall formulate a segment-wise retention policy duly approved by its Board and shall maximise the retention commensurate with its financial strength and quality of risk while ensuring that the re-insurance arrangements are not fronting; (2) The Authority may require an IIO to justify its retention policy and may give such directions, as considered necessary; (3) Every IIOs shall comply with minimum retention... ... ...

Limitation periods are modified for tax recovery and refund-related proceedings. The period for issuing an order concerning tax not paid or short paid, or input tax credit wrongly availed or utilised, for the financial year 2017-18 is extended until 30 September 2023. The period from 1 March 2020 to 28 February 2022 is excluded for calculating limitation relating to recovery of erroneous refunds and filing of refund applications.

India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.

State GST amendments revise registration, electronic ledgers, interest and refund procedures. Registration suspension for specified grounds is deemed revoked when pending returns are filed if cancellation has not already occurred. Erroneous refunds repaid through the electronic cash ledger may be re-credited to the electronic credit ledger. UPI and IMPS are added as payment modes, and cash-ledger balances may be transferred to a distinct person under the same PAN where no unpaid liability exists. Interest rules distinguish delayed return filing, unpaid tax and wrongly availed and utilised input tax credit. Export refund procedures address electricity exports, export-value determination, return mismatches and risk-based withholding.

Re-insurance contracts must meet risk-transfer requirements and protect the ceding insurer or retrocessionaire from negative financial effects arising from ceded insurance business. In alternative risk transfer arrangements combining re-insurance and financing, separable components must be accounted for individually. Where they are inseparable, the entire arrangement must be treated as a financial transaction. Accounting must follow substance over form and applicable accounting standards.

Every IIO must develop and document an RSRP as part of its underwriting strategy and risk management philosophy. It must address re-insurance selection and monitoring, management controls, risk concentrations, and cession or retrocession limits aligned with risk appetite. Senior management or the Parent Entity must implement relevant procedures, evaluate retention, re-insurer diversification, concentration, broker involvement, and credit, liquidity and legal risks, supported by internal controls and reporting. The Board must approve the accounting-year-wise RSRP, which must be submitted to the Authority when directed.

Re-insurance terminology distinguishes cedants, cessions, retention, retrocession, fronting and Alternate Risk Transfer arrangements. A legally binding re-insurance contract may be evidenced by a re-insurance slip, cover note or other suitable document; treaties govern technical and financial terms for defined business classes or segments. Re-insurers include IIOs, Indian insurers, foreign insurers and foreign re-insurers conducting re-insurance business. Insurance pools allocate predetermined shares of written business among participating IIOs, while insurance segments cover specified non-life and life classes, additional material miscellaneous sub-segments, and segments specified by the Authority.