Recap of Latest updates posted on 22.07.2026
Income tax Ready reckoner Tax year 2026-27
ICMAI The Institute of Cost Accountants of India released first edition in June 2026 the “Income Tax Ready Reckoner for Tax Year 2026-27”
Income tax dept short of 26,997 officers, support staff
The Income Tax Department is running short of 26,997 officers and support staff as of January 1, 2026, Parliament was informed on Monday.
DGFT Notif. 24/2026-27 dt 22.07.2026
DGFT issued Notification No. 24/2026-27 dated 22.07.2026 regarding Syncing of ITC (HS), 2022- Schedule I (Import Policy) with Finance Act, 2026 dated 30.03.2026
Notification no. 92/2026 dated 21.07.2026- Income tax
CBDT issued notification no. 92/2026 dated 21.07.2026 to provide for exemption of specified income of certain bodies or authorities or Boards or Trusts or Commissions as may be…
Notification no. 93/2026 dated 21.07.2026- Income tax
CBDT issued notification no. 93/2026 dated 21.07.2026 to hereby notify for the purposes of the said clause, ‘District Legal Service Authority, Jind’, an Authority
Notification no. 94/2026 dated 21.07.2026- Income tax
CBDT issued notification no. 94/2026 dated 21.07.2026 to hereby make the following rules further to amend the Income-tax Rules, 2026, namely:
Notification No. 64/2026-Customs (N.T.) dated 16.07.2026
CBIC issued Notification No. 64/2026-Customs (N.T.) dated 16.07.2026 regarding – Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles
Notification No. 65/2026-Customs (N.T.) dated 03.08.2026
CBIC issued Notification No. 65/2026-Customs (N.T.) dated 16.07.2026 regarding Appointment of Common Adjudicating Authority in the case of M/s. Inditech Trent Retails India Pvt. Ltd.
Notification No.17/2026-Customs (ADD) dated 10.07.2026
CBIC issued Notification no. 17/2026-Customs (ADD) dated 10.07.2026 Seeking to extend anti dumping duty on imports of “Aceto Acetyl Derivatives of Aromatic Or ..
Circular No. 32/2026- Customs dated 11.07.2026
CBIC issued Circular no. 32/2026-Customs dated 11.07.2026 regarding Discontinuation of submission of manual documents/statements in respect of containers imported under Notification No.
Circular No. 33/2026- Customs dated 13.07.2026
CBIC issued Circular no. 33/2026-Customs dated 13.07.2026 regarding Implementation of self-certification of Origin Declarations under the India-United Kingdom Comprehensive Economic and Trade Agreement (India-UK CETA)
The Hon’ble Supreme Court in Additional Commissioner Grade 2 & Anr. dismissed the SLP affirming that proceedings under Section 74 of UP GST Act, 2017 cannot be initiated to deny ITC to a bona fide purchaser who has duly established the genuineness of the transaction through tax invoices, e-way bills, transport documents, payment through banking channels and filing of returns
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