Weekly Digest of Notifications & Circulars – Week Ending 4th January 2026
(Income Tax, GST, Central Excise, Custom Duty, DGFT, SEBI, MCA, IBBI, RBI) (Click the Link for Notification/ Circular as issued) […]
Misc, Weekly Digest
January 2026
Income Tax, Income Tax Notifications
Income Tax Notification 173/2025 Dated 29/12/2025 – The Christian Medical College Vellore Association, Vellore, Tamil Nadu notified under section 35(1)(ii) for Scientific Research
The notification notifies ‘The Christian Medical College Vellore Association’, Vellore, Tamil Nadu for ‘Scientific Research’ under the category of ‘University, college or
Income Tax, Income Tax Notifications
Income Tax Notification 174/2025 Dated 29/12/2025 – Indian Institute of Science Education and Research, Pune notified under section 35(1)(ii) for Scientific Research
The notification notifies ‘Indian Institute of Science Education and Research’, Pune for ‘Scientific Research’ under the category of ‘University, college or other
Income Tax, Income Tax Notifications
Income Tax Notification 175/2025 Dated 30/12/2025 – Cancer Institute’ (W.I.A), Chennai notified under section 35(1)(ii) for Scientific Research
The notification notifies ‘Cancer Institute’ (W.I.A), Chennai for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes section
Income Tax, Judiciary
Income Tax, HC Delhi Judgement Dated 24/12/2025 – World Cup Sponsorship payment split into Ad Spend and Royalty
Case of LG Electronics India Pvt Ltd vs DIT (International), HC Delhi Judgement Dated 24th December 2025. HC held that one third
Income Tax, Judiciary
Income Tax, HC Judgement Dated 18/09/2025 – Recovery by income tax department prior to conclusion of trial under PMLA is erroneous in Law
Case of ACIT vs State, HC Delhi Judgement Dated 18th September 2025. HC held that application of income tax department for release of FDR
GST, GST Notifications
GST, CGST Notification 19/2025 Dated 31/12/2025 – Retail Sale Price based valuation under GST for Pan Masala, Tobacco and Cigarette Products w.e.f. 1st Feb 2026
The notification provide for valuation of supply of certain specified goods on the basis of declared Retail Sale Price (RSP) under the
GST, GST Notifications
GST, CGST Notification 20/2025 Dated 31/12/2025 – Valuation of supply of specified goods on the basis of declared Retail Sale Price (RSP)
The notification insert a new Rule 31D in the CGST Rules, which provides that, notwithstanding any other provisions, the value of supply of notified
GST, GST Notifications
GST, CGST Notification 19/2025 (Rate) Dated 31/12/2025 – GST Rate on Biris at 9%, Tobacco & Pan Masala at 20% effective 1st Feb 2026
Pan Masala, Cigarettes, Tobacco and similar products will attract a 20% CGST (Total 40% including SGST 20%), while Biris will be taxed at 9% GST (Total
GST, GST Notifications
GST, CGST Notification 03/2025 (Cess Rate) Dated 31/12/2025 – Compensation Cess at NIL Rate on Pan Masala and Tobacco effective 1st Feb 2026
The notification has notified the reduction of Goods and Services Tax (Compensation to States) Cess to ‘Nil’ on specified pan masala and tobacco products. (Link: