Weekly Digest of Notifications & Circulars – Week Ending 31st May 2026
(Income Tax, GST, Central Excise, Custom Duty, DGFT, SEBI, MCA, IBBI, RBI) (Click the Link for Notification/ Circular as issued) […]
Misc, Weekly Digest
Income Tax, Income Tax Notifications
Income Tax Notification 69/2026 Dated 30/05/2026 – National Institute of Advanced Studies, Bangalore notified under section 45(4)(b) for Scientific Research
It notifies National Institute of Advanced Studies, Bangalore for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes
Income Tax, Income Tax Notifications
Income Tax Notification 68/2026 Dated 30/05/2026 – S. Nijalingappa Sugar Institute, Belgaum notified under section 45(4)(b) for Scientific Research
It notifies S. Nijalingappa Sugar Institute, Belgaum for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section
Income Tax, Income Tax Notifications
Income Tax Notification 67/2026 Dated 30/05/2026 – Regional Centre for Biotechnology, Faridabad notified under section 45(4)(b) for Scientific Research
It notifies Regional Centre for Biotechnology, Faridabad, Haryana for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the
Income Tax, Income Tax Notifications
Income Tax Notification 66/2026 Dated 30/05/2026 – Ramakrishna Mission Vidyamandira, Belur Math, Howrah notified under section 45(4)(b) for Scientific Research:
It notifies Ramakrishna Mission Vidyamandira under the aegis of Ramakrishna Mission, Belur Math, Howrah for ‘Scientific Research’ under the category of ‘University, college or
Income Tax, Judiciary
Income Tax, SC Judgement Dated 05/05/2026 – Additions for Unaccounted Sales cannot be based on Mere Suspicion or Estimated Production Yield
Case of DCIT vs Mahamaya Steel Industries Ltd, SC Judgement Dated 5th May 2026. The apex court ruled that the Income Tax department
Income Tax, Judiciary
Income Tax, HC P&H Judgement Dated 06/05/2026 – Quashes Tax Demand not included in Approved IBC Resolution Plan
Case of HL Buildwell Pvt Ltd vs DCIT, HC P&H Judgement Dated 6th May 2026. HC quashed the income tax demands and appellate
AAR Ruling, GST
GST, AAAR Haryana Ruling Dated 07/05/2026 – Denies Export Benefit as Services were held to be Intermediary Services
Case of Maithani Enterprises, AAAR Haryana Ruling Dated 7th May 2026. AAAR upheld the advance ruling and held that services were performed and
AAR Ruling, GST
GST, AAAR Haryana Ruling Dated 29/04/2026 – Brake Hoses Classifiable under HSN 4009 as Essential Character remains Vulcanized Rubber
Case of Nichirin Imperial Autoparts India Pvt Ltd, AAAR Haryana Ruling Dated 29th April 2026. AAAR held that Brake Hoses are appropriately
AAR Ruling, GST
GST, AAAR Rajasthan Ruling Dated 02/04/2026 – Biodegradability Determination lies with Environmental Authorities
Case of Easy Flux Polymers Private Limited, AAAR Rajasthan Ruling Dated 2nd April 2026. AAAR held that advance ruling authorities do not