Weekly Digest of Notifications & Circulars – Week Ending 28th June 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 72/2026 Dated 25/06/2026 – Public Health Foundation of India, Delhi notified under section 45(4)(b) for Scientific Research
It notifies Public Health Foundation of India, Delhi for ‘Scientific Research’ under the category of ‘University, college or other institution’, for the purposes
Income Tax, Income Tax Notifications
Income Tax Notification 71/2026 Dated 25/06/2026 – University of Hyderabad, notified under section 45(4)(b) for Scientific Research
It notifies University of Hyderabad for ‘Scientific Research’ under the category of ‘University, college or other institution’, for the purposes section 45(3)(a)(i) of
Income Tax, Judiciary
Income Tax, SC Judgement Dated 10/04/2026 – Remands Over 1000 Reassessment Appeals After Finance Act 2026 Changed Law
Case of ITO vs Tej Partap Singh, SC Judgement Dated 10th April 2026. The apex court remanded thousands of cases to various High Courts
GST, GST Circulars
GST, CGST Circular 255/2026 Dated 25/06/2026 – Clarification regarding jurisdiction in cases involving Migration/ Transfer of Taxable Persons to Another Jurisdiction
Where any action or proceeding has been validly undertaken by the transferor jurisdictional authority, the transferee jurisdictional authority shall act
AAR Ruling, GST
GST, AAR Gujarat Ruling Dated 24/06/2026 – Exemption under notification must be examined independently for Each Activity with Strict Reference to the Prescribed Conditions
Case of Sanskar Foundation, AAR Gujarat Ruling Dated 24thJune 2026. AAR held that exemption under CGST Notification 12/2017 must be examined independently
AAR Ruling, GST
GST, AAR Gujarat Ruling Dated 24/06/2026 – Compensation recovered from transporters for transit losses and related defaults is not liable to GST
Case of Pon Pure Chemical India Pvt Ltd, AAR Gujarat Ruling Dated 24th June 2026. AAR held that compensation/liquidated damages recovered from transporters
Custom Notifications, Customs
Customs Notification 58/2026 (NT) Dated 22/06/2026 – Common Adjudicating Authority appointed for Flexituff Customs SCN
CBIC has appointed Principal Commissioner/Commissioner of Customs, Indore Customs Headquarters, as common adjudicating authority for adjudication of multiple customs show
Customs, Instructions
Customs Instructions 11/2026 Dated 23/06/2026 – Fast Track Customs Clearance for Oil Spill Response Equipment
CBIC has established a Green Channel mechanism for expedited Customs clearance of pollution response equipment, materials, and related resources required
SEBI, SEBI Circulars
SEBI Circular Dated 19/06/2026 – Relaxation in certification requirement for Persons Associated with Investment Advice (PAIA)
The circular relaxes the certification requirements for Persons Associated with Investment Advice (PAIA) who perform only sales and other non-