Weekly Digest of Notifications & Circulars – Week Ending 1st March 2026
(Income Tax, GST, Central Excise, Custom Duty, DGFT, SEBI, MCA, IBBI, RBI) (Click the Link for Notification/ Circular as issued) […]
Misc, Weekly Digest
March 2026
Income Tax, Income Tax Notifications
Income Tax Notification 18/2026 Dated 27/02/2026 – Sri Ramachandra Institute of Higher Education and Research Trust, Chennai notified under section 35(1)(ii) for Scientific Research
It notifies Sri Ramachandra Institute of Higher Education and Research Trust, Chennai, for ‘Scientific Research’ under the category of ‘University, college or other
Income Tax, Press Release
Income Tax Press Release Dated 23/02/2026 – India and France sign Protocol to amend the India France Double Taxation Avoidance Convention
The Protocol provides full taxing rights in respect of capital gains arising from sale of shares of a company, to
Income Tax, Judiciary
Income Tax, HC Delhi Judgement Dated 13/02/2026 – Allows Foreign Tax Credit despite delay in filing Form 67
Case of Real Time Data Services Private Limited vs PCIT, HC Delhi Judgement Dated 13th February 2026. HC held that foreign tax credit
Income Tax, Judiciary
Income Tax, HC Delhi Judgement Dated 12/02/2026 – Excise Duty refund held Capital Receipt as linked to Investment Scheme
Case of PCIT vs Jindal Saw Ltd, HC Delhi Judgement Dated 12th February 2026. HC held that an excise duty refund of Rs 59.68
Income Tax, Judiciary
Income Tax, HC Delhi Judgement Dated 10/02/2026 – Revenue cannot ignore Tribunal Findings while issuing Certificate under Section 197
Case of Financial and Risk Organisation Limited vs ITO, HC Delhi Judgement Dated 10th February 2026. The petitioner, a UK Company, challenged the
Income Tax, Judiciary
Income Tax, HC Delhi Judgement Dated 22/01/2026 – Grants Exemption despite incorrect Income Head in Return
Case of International Buddhist Confederation vs ITO, HC Delhi Judgement Dated 22nd January 2026. The appellant, a registered trust, inadvertently declared interest
GST, Judiciary
GST, SC Judgement Dated 25/02/2026 – Hamdard Rooh Afza classified as ‘Fruit Drink’
Case of Hamdard (Wakf) Laboratories vs Commissioner, SC Judgement Dated 25th February 2026. The apex court held that Rooh Afza is classifiable as
GST, Judiciary
GST, HC Rajasthan Judgement Dated 23/02/2026 – GST on University Affiliation Fees quashed as is not a Supply of Service
Case of Rajasthan Technical University vs Union of India, HC Rajasthan Judgement Dated 23rd February 2026. HC ruled that affiliation is not
AAR Ruling, GST
GST, AAR West Bengal Ruling Dated 27/02/2026 – Non Alcoholic Beverages taxed at 40% GST as classified under rate notification Schedule III
Case of Saga Organics Private Limited, AAR West Bengal Ruling Dated 27th February 2026. AAR ruled that the non-alcoholic beverages fall under