Actuarial Deficit Contributions to Approved Funds Exceeding Statutory Ceilings Are Taxable Revenue Deductions

By | September 14, 2026
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Actuarial Deficit Contributions to Approved Funds Exceeding Statutory Ceilings Are Taxable Revenue Deductions Issue Whether contributions paid to an approved Superannuation Fund and Gratuity Fund to bridge an actuarial deficit—exceeding the standard percentage ceilings specified under the Income-tax Rules—are allowable deductions under Section 36(1)(iv) and Section 36(1)(v). Whether employee PF contributions deposited by an assessee… Read More »

Fixed Deposit Investment of Sale Proceeds Qualifies as Capital Asset for Exemption Under Section 11(1A)

By | September 14, 2026
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Fixed Deposit Investment of Sale Proceeds Qualifies as Capital Asset for Exemption Under Section 11(1A) Issue Whether investment of net sale proceeds from a trust property into a bank fixed deposit for two years constitutes acquisition of “another capital asset” under Section 11(1A), entitling the charitable trust to exemption and refund under Section 264 despite… Read More »

Operational Expenses Carried as CWIP in Books to Meet Network Quality Are Taxable Revenue Deductions under Section 37(1)

By | September 14, 2026
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Operational Expenses Carried as CWIP in Books to Meet Network Quality Are Taxable Revenue Deductions under Section 37(1) Issue Issue I (CWIP Operational Expenses): Whether operational and indirect expenses capitalized in books as Capital Work-in-Progress (CWIP) under Ind-AS 16 (pending attainment of Quality of Service parameters) can be claimed as deductible revenue expenditure under Section… Read More »

Land Classified as Industrial and Not Used for Agriculture Is a Taxable Capital Asset Ineligible for Section 54B Deduction

By | September 14, 2026
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Land Classified as Industrial and Not Used for Agriculture Is a Taxable Capital Asset Ineligible for Section 54B Deduction Land Classified as Industrial and Not Used for Agriculture Is a Taxable Capital Asset Ineligible for Section 54B Deduction Issue Whether an assessee is entitled to claim exemption from capital gains tax by classifying land as… Read More »

Appointment of Sh. Akhand Pratap Singh, as Special Public Prosecutor to represent the State

By | September 14, 2026
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Appointment of Sh. Akhand Pratap Singh, as Special Public Prosecutor to represent the State     The Gazette of India SG-DL-E-12092026-276140 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 259] DELHI, TUESDAY, SEPTEMBER 1, 2026/BHADRA 10, 1948 [N. C. T. D. No. 197 HOME (DOP) DEPARTMENT NOTIFICATION Delhi, 31st August, 2026 F. No. 11/21/H-DOP/2025/784-797.— In exercise of the… Read More »

Appointment of Sh. Prashant Prakash Advocate, as Special Public Prosecutor to represent the State

By | September 14, 2026
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Appointment of Sh. Prashant Prakash Advocate, as Special Public Prosecutor to represent the State   The Gazette of India SG-DL-E-12092026-276139 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 258] DELHI, TUESDAY, SEPTEMBER 1, 2026/BHADRA 10, 1948 [N. C. T. D. No. 196   HOME (DOP) DEPARTMENT NOTIFICATION Delhi, 31st August, 2026 F. No. 11/56/H-DOP/2026/798-811.— In exercise of the… Read More »

Consumer Protection (E Commerce) (Amendment) Rules, 2026

By | September 14, 2026
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Consumer Protection (E Commerce) (Amendment) Rules, 2026   The Gazette of India CG-DL-E-10092026-276125 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. ] NEW DELHI, WEDNESDAY, SEPTEMBER BHADRA MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Consumer Affairs) NOTIFICATION New Delhi, the 9th September, 2026 G.S.R. 789(E).— In exercise of the powers conferred… Read More »

Auction for Sale (re issue) of (i) 7.06pc GS 2041 (ii) 7.43pc GS 2076.

By | September 14, 2026
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Auction for Sale (re issue) of (i) 7.06pc GS 2041 (ii) 7.43pc GS 2076.   The Gazette of India CG-DL-E-10092026-276122 EXTRAORDINARY PART I—Section PUBLISHED BY AUTHORITY No. ] NEW DELHI, THURSDAY, SEPTEMBER BHADRA  MINISTRY OF FINANCE (Department of Economic Affairs) (BUDGET DIVISION) NOTIFICATION New Delhi, the 10th September, 2026 Auction for Sale (Re-issue) of Government… Read More »

Publication of Notification

By | September 14, 2026
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Publication of Notification   Publication of Notification The Gazette of India CG-DL-E-10092026-276119 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4851] NEW DELHI, THURSDAY, SEPTEMBER 10, 2026/ BHADRA 19, 1948 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi 10th September, 2026 S.O. 5041(E).— In exercise of the powers conferred by sub-section (2)… Read More »

Recruitment Rules for Scientific Cadre in BRIC 2026

By | September 14, 2026
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Recruitment Rules for Scientific Cadre in BRIC 2026 The Gazette of India CG-DL-E-10092026-276118 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 731] NEW DELHI, THURSDAY, SEPTEMBER 10, 2026/BHADRA 19, 1948 MINISTRY OF SCIENCE AND TECHNOLOGY (Department of Biotechnology) NOTIFICATION New Delhi, the 9th September, 2026 G.S.R. 799(E).—INSTITUTIONS OF BIOTECHNOLOGY RESEARCH AND INNOVATION COUNCIL (iBRIC)… Read More »