Income Tax
The Income-tax (Fourth Amendment) Rules, 2026 strip arrest and detention out of Rule 225's recovery toolkit and push the Valuer/Authorised Income-tax Practitioner registration deadline six months, to 31 March 2027 — with materially more detailed Form 169/171 disclosure in exchange.
Supreme Court: A CBDT Circular Cannot Bind the Courts
In Orient Crafts Ltd. & Samtex Fashions Ltd. v. CIT, the Court denies a Section 80HHC deduction built on a CBDT circular that equated export-quota sale premiums with export income — a clean, current illustration of exactly where circular-reliance holds up and where it doesn't.