TaxGuru.in - Daily Newsletter

Company Law | Registered Office Change: Companies Act and Other Regulatory Compliance

Advaith Vijay — Wed, 23 Sep 2026 11:01:16 +0000

Compliance for shifting registered office under Companies Act, Income Tax, GST, FEMA, trademark, patent, labour, EPFO and ESIC laws.

The post Registered Office Change: Companies Act and Other Regulatory Compliance appeared first on TaxGuru.

Income Tax | Entire Bogus Purchase Addition Unsustainable When Sales Accepted: Calcutta HC

CA Vijayakumar Shetty — Wed, 23 Sep 2026 10:53:15 +0000

Calcutta HC upholds 0.15% GP on disputed bullion purchases, holding factual ITAT findings raise no substantial question of law.

The post Entire Bogus Purchase Addition Unsustainable When Sales Accepted: Calcutta HC appeared first on TaxGuru.

Corporate Law | Cross-FIR Not Automatic Merely Because Complaint Is Counter-Version: Delhi HC

CA Vijayakumar Shetty — Wed, 23 Sep 2026 10:35:46 +0000

Delhi HC refuses cross-FIR or fresh CBI case where complaints were verified and no illegality, arbitrariness or jurisdictional failure was shown.

The post Cross-FIR Not Automatic Merely Because Complaint Is Counter-Version: Delhi HC appeared first on TaxGuru.

Income Tax | Pending CIT(A) Appeal Bars Parallel Writ on AO Jurisdiction: Delhi High Court

CA Vijayakumar Shetty — Wed, 23 Sep 2026 10:13:19 +0000

Delhi HC declined writ against assessment as CIT(A) appeal was pending since 2020, but directed disposal within two months.

The post Pending CIT(A) Appeal Bars Parallel Writ on AO Jurisdiction: Delhi High Court appeared first on TaxGuru.

Fema / RBI | FEMA NOC Rejection Without Investigation Nexus Set Aside: Karnataka HC

CA Vijayakumar Shetty — Wed, 23 Sep 2026 10:00:06 +0000

Karnataka HC upholds ED seizure scrutiny but sets aside FEMA overseas investment NOC rejection for lack of reasoned nexus.

The post FEMA NOC Rejection Without Investigation Nexus Set Aside: Karnataka HC appeared first on TaxGuru.

Service Tax | Service Tax Demand on Farm Trading Turnover Remanded: Karnataka HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 08:45:41 +0000

Karnataka HC quashes service tax order and remands matter to examine whether turnover from trading in farm products is taxable.

The post Service Tax Demand on Farm Trading Turnover Remanded: Karnataka HC appeared first on TaxGuru.

Corporate Law | Expired Railway Way Leave Cannot Be Revived Through Resolution Plan: Calcutta HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 08:15:37 +0000

Calcutta HC upheld quashing of expired Way Leave Permission revived after seven years without safety audit or hearing affected party.

The post Expired Railway Way Leave Cannot Be Revived Through Resolution Plan: Calcutta HC appeared first on TaxGuru.

Income Tax | Section 14A Addition Unsustainable When Own Funds Exceed Investments: Madras HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 07:45:33 +0000

Madras HC deleted Section 14A disallowance as Karur Vysya Bank had sufficient own funds exceeding its tax-free investments.

The post Section 14A Addition Unsustainable When Own Funds Exceed Investments: Madras HC appeared first on TaxGuru.

Custom Duty | No Interest on MOOWR Capital Goods Intended for Warehouse Use: Rajasthan HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 07:15:21 +0000

Rajasthan HC holds Section 61(2) interest inapplicable to MOOWR capital goods intended for use in a Section 65 warehouse.

The post No Interest on MOOWR Capital Goods Intended for Warehouse Use: Rajasthan HC appeared first on TaxGuru.

Custom Duty | CAAR Delhi Rejects Roasted Areca Nut Classification Applications Citing Prior HC Decision

CA Sandeep Kanoi — Wed, 23 Sep 2026 06:46:44 +0000

CAAR Delhi rejected five roasted areca nut classification applications under Section 28-I(2)(b), without ruling on classification.

The post CAAR Delhi Rejects Roasted Areca Nut Classification Applications Citing Prior HC Decision appeared first on TaxGuru.

Goods and Services Tax | GST TCS for E-Commerce Operators: Section 52, GSTR-8 and 0.5% Rate

Ntandoyenkosi Chikwanha — Wed, 23 Sep 2026 06:45:38 +0000

GST TCS under Section 52 explained with 0.5% rate, GSTR-8, e-commerce compliance, Section 9(5), ONDC models and reconciliation.

The post GST TCS for E-Commerce Operators: Section 52, GSTR-8 and 0.5% Rate appeared first on TaxGuru.

Corporate Law | Supreme Court Upholds Service Tax Exemption for IIT Patna and NIT Rourkela

CA Sandeep Kanoi — Wed, 23 Sep 2026 06:41:45 +0000

Supreme Court holds statutory IIT and NIT institutions qualify as governmental authorities under amended service tax exemption clause 2(s).

The post Supreme Court Upholds Service Tax Exemption for IIT Patna and NIT Rourkela appeared first on TaxGuru.

Income Tax | BVGF Seeks Tax Audit Due Date Extension to 31 October 2026

editor7 — Wed, 23 Sep 2026 06:40:09 +0000

BVGF urges CBDT to extend AY 2026-27 tax audit deadline to 31 October and audit-case ITR due date to 30 November 2026.

The post BVGF Seeks Tax Audit Due Date Extension to 31 October 2026 appeared first on TaxGuru.

Goods and Services Tax | GST Composition Levy: Eligibility, Rates, ITC Limits and Trade-Offs

Aastha Kedia — Wed, 23 Sep 2026 06:38:49 +0000

Analysis of GST Composition Levy covering eligibility, rates, ITC restrictions, e-commerce changes, compliance and economic trade-offs.

The post GST Composition Levy: Eligibility, Rates, ITC Limits and Trade-Offs appeared first on TaxGuru.

Corporate Law | Labour Codes for Banks: RBI Compliance, Governance and Audit Implications

Reetika Siddharth Upadhyay — Wed, 23 Sep 2026 06:35:17 +0000

Labour Codes impact banks through payroll, outsourcing, social security, governance, financial reporting, RBI compliance and statutory audit.

The post Labour Codes for Banks: RBI Compliance, Governance and Audit Implications appeared first on TaxGuru.

Income Tax | GST on Online Gaming: 40% Rate, Gameskraft Ruling and Prohibition

Harshit Maheshwari — Wed, 23 Sep 2026 06:31:47 +0000

GST on online gaming after Gameskraft, Rule 31B, 40% rate and prohibition of online money gaming under the 2025 Act.

The post GST on Online Gaming: 40% Rate, Gameskraft Ruling and Prohibition appeared first on TaxGuru.

Income Tax | Income Tax Reassessment Must Be Independent of GST Adjudication: Madras HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 06:30:09 +0000

Madras HC declined to quash Section 148 notice but held Income Tax authorities must independently reassess and cannot rely solely on GST adjudication.

The post Income Tax Reassessment Must Be Independent of GST Adjudication: Madras HC appeared first on TaxGuru.

Goods and Services Tax | GST Taxable Value Under Section 15: Transaction Value, Discounts & Valuation Rules

Gokulakannan — Wed, 23 Sep 2026 06:28:57 +0000

Analysis of GST taxable value under Section 15 covering transaction value, inclusions, discounts, related parties and CGST valuation rules.

The post GST Taxable Value Under Section 15: Transaction Value, Discounts & Valuation Rules appeared first on TaxGuru.

Company Law | Different NCLT Jurisdictions in Scheme Proceedings: Filing, Transfer & Effective Date

Sushil Kumar Antal — Wed, 23 Sep 2026 06:21:58 +0000

NCLT jurisdiction for Sections 230–232 schemes, Rule 16(d) transfer between Benches and Effective Date where separate NCLT orders are passed.

The post Different NCLT Jurisdictions in Scheme Proceedings: Filing, Transfer & Effective Date appeared first on TaxGuru.

Fema / RBI | Incomplete Bank Trail Fails to Lift NDPS Property Freeze: SAFEMA Tribunal

CA Vijayakumar Shetty — Wed, 23 Sep 2026 06:20:04 +0000

SAFEMA Tribunal upholds NDPS flat freezing as bank statements, loan documents and repayment evidence failed to establish lawful source.

The post Incomplete Bank Trail Fails to Lift NDPS Property Freeze: SAFEMA Tribunal appeared first on TaxGuru.

Income Tax | Revised Return Correcting F&O Loss Classification Must Be Considered: ITAT Mumbai

CA Sandeep Kanoi — Wed, 23 Sep 2026 06:15:05 +0000

ITAT Mumbai restores F&O loss claim where revised return corrected speculative loss classification without introducing any fresh loss.

The post Revised Return Correcting F&O Loss Classification Must Be Considered: ITAT Mumbai appeared first on TaxGuru.

Custom Duty | Anti-Dumping Duty on Decor Paper Extended Till 26th March 2027

Editor — Wed, 23 Sep 2026 06:13:21 +0000

Notification No. 23/2026-Customs (ADD) extends anti-dumping duty on Decor Paper under Notification 77/2021 till 26 March 2027.

The post Anti-Dumping Duty on Decor Paper Extended Till 26th March 2027 appeared first on TaxGuru.

Fema / RBI | Pre-Offence Property Can Be Attached as Equivalent Value Under PMLA: SAFEMA

CA Vijayakumar Shetty — Wed, 23 Sep 2026 06:12:23 +0000

SAFEMA holds pre-offence and legitimately acquired property can be attached as equivalent value of unavailable proceeds of crime under PMLA.

The post Pre-Offence Property Can Be Attached as Equivalent Value Under PMLA: SAFEMA appeared first on TaxGuru.

Income Tax | CBDT Amends TDS Rules for Non-Resident Immovable Property Transfers

Editor — Wed, 23 Sep 2026 06:11:15 +0000

CBDT notifies Income-tax (Fifth Amendment) Rules, 2026, revising TDS rules and Forms 132 and 141 for immovable property transfers.

The post CBDT Amends TDS Rules for Non-Resident Immovable Property Transfers appeared first on TaxGuru.

CA, CS, CMA | ICAI Warns Against Wrong UDIN Category to Bypass 60 Tax Audit Ceiling

Editor — Wed, 23 Sep 2026 06:08:04 +0000

ICAI warns CAs against using incorrect UDIN categories to bypass the 60-tax-audit ceiling effective from 1 April 2026.

The post ICAI Warns Against Wrong UDIN Category to Bypass 60 Tax Audit Ceiling appeared first on TaxGuru.

Finance | IFSCA Relaxes Qualified Jeweller Eligibility for Gold, Silver Imports Through IIBX

Editor — Wed, 23 Sep 2026 06:05:56 +0000

IFSCA relaxes Qualified Jeweller eligibility for DGFT-authorised entities importing gold or silver through IIBX.

The post IFSCA Relaxes Qualified Jeweller Eligibility for Gold, Silver Imports Through IIBX appeared first on TaxGuru.

Income Tax | Contractor Label Cannot Defeat Section 80-IA Developer Deduction: ITAT Chennai

CA Vijayakumar Shetty — Wed, 23 Sep 2026 06:00:56 +0000

ITAT Chennai allows Section 80-IA deduction to EPC contractor acting as infrastructure developer and dismisses Revenue’s appeal.

The post Contractor Label Cannot Defeat Section 80-IA Developer Deduction: ITAT Chennai appeared first on TaxGuru.

Income Tax | Unproved Opening Cash Balance Cannot Support Cash Deposit Explanation: ITAT Amritsar

CA Sandeep Kanoi — Wed, 23 Sep 2026 06:00:03 +0000

ITAT Amritsar restricted cash deposit addition to ₹13.10 lakh after accepting ₹18 lakh deposits as explained by prior withdrawals.

The post Unproved Opening Cash Balance Cannot Support Cash Deposit Explanation: ITAT Amritsar appeared first on TaxGuru.

Goods and Services Tax | Advocate Privilege Cannot Bar GST Search Into Lawyer’s Own Conduct: Delhi HC

Bimal Jain — Wed, 23 Sep 2026 05:56:12 +0000

Delhi HC upholds GST search at law firm, holding advocate-client privilege cannot bar investigation into an advocate’s own conduct.

The post Advocate Privilege Cannot Bar GST Search Into Lawyer’s Own Conduct: Delhi HC appeared first on TaxGuru.

Goods and Services Tax | ITC in Special Circumstances: Special Rules for Preserving Input Tax Credit

Lena Navas — Wed, 23 Sep 2026 05:51:01 +0000

Section 18 CGST Act governs ITC during registration, composition exit, taxable transitions, restructuring, transfers and special reversals.

The post ITC in Special Circumstances: Special Rules for Preserving Input Tax Credit appeared first on TaxGuru.

Corporate Law | Deleted Chats, Lost Evidence? Indian Law on Preserving Electronic Records Before Litigation

Advocate Peesh Chopra — Wed, 23 Sep 2026 05:49:55 +0000

Indian law on preserving emails, WhatsApp chats and digital records when litigation is anticipated, including adverse inference and destruction risks.

The post Deleted Chats, Lost Evidence? Indian Law on Preserving Electronic Records Before Litigation appeared first on TaxGuru.

Income Tax | Bribe Recovery Without Proof of Demand Cannot Sustain Conviction: SC

CA Vijayakumar Shetty — Wed, 23 Sep 2026 05:47:34 +0000

Supreme Court sets aside PC Act conviction as demand and conscious acceptance of alleged bribe were not proved beyond reasonable doubt.

The post Bribe Recovery Without Proof of Demand Cannot Sustain Conviction: SC appeared first on TaxGuru.

Income Tax | DVO Report Prevails Over Seized Diary; ITAT Deletes Section 69A Additions

CA Sandeep Kanoi — Wed, 23 Sep 2026 05:45:55 +0000

ITAT Dehradun deleted Section 69A additions contrary to DVO report but upheld Section 271B penalties for failure to establish reasonable cause.

The post DVO Report Prevails Over Seized Diary; ITAT Deletes Section 69A Additions appeared first on TaxGuru.

Custom Duty | When Imported Goods Are Lost: Understanding Remission of Customs Duty

Denise Chipare — Wed, 23 Sep 2026 05:38:30 +0000

Section 23 Customs Act allows remission of duty on imported goods lost or destroyed before clearance, subject to statutory conditions and evidence.

The post When Imported Goods Are Lost: Understanding Remission of Customs Duty appeared first on TaxGuru.

Fema / RBI | Unregistered Vehicle Purchaser Cannot Challenge NDPS Freezing: SAFEMA Tribunal

CA Vijayakumar Shetty — Wed, 23 Sep 2026 05:35:10 +0000

SAFEMA Tribunal sustains NDPS vehicle freezing as claimant lacked registered ownership and failed to prove legitimate acquisition funds.

The post Unregistered Vehicle Purchaser Cannot Challenge NDPS Freezing: SAFEMA Tribunal appeared first on TaxGuru.

Corporate Law | Film Production Companies Should Face PMLA Reporting Obligations

Yashika Singh — Wed, 23 Sep 2026 05:34:22 +0000

Why film production companies should be brought under PMLA reporting, KYC and suspicious-transaction obligations to address money-laundering risks.

The post Film Production Companies Should Face PMLA Reporting Obligations appeared first on TaxGuru.

Goods and Services Tax | GST Assessment Types and Taxpayer Obligations

Sally Ncube — Wed, 23 Sep 2026 05:33:37 +0000

Understand GST assessment under CGST Act, including self, provisional, scrutiny, best judgment and summary assessment and taxpayer obligations.

The post GST Assessment Types and Taxpayer Obligations appeared first on TaxGuru.

Income Tax | Section 263 Revision Partly Sustained for Unexamined Interest Capitalisation: ITAT Mumbai

CA Sandeep Kanoi — Wed, 23 Sep 2026 05:30:53 +0000

ITAT Mumbai partly upheld Section 263 revision for unexamined interest capitalisation but deleted PCIT directions on three examined issues.

The post Section 263 Revision Partly Sustained for Unexamined Interest Capitalisation: ITAT Mumbai appeared first on TaxGuru.

Income Tax | Actuarial Deficit Fund Contributions Not Hit by Annual Ceilings: Calcutta HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 05:15:50 +0000

Calcutta HC upholds deductions for superannuation and gratuity contributions made to bridge actuarial fund deficits.

The post Actuarial Deficit Fund Contributions Not Hit by Annual Ceilings: Calcutta HC appeared first on TaxGuru.

Goods and Services Tax | Delayed GSTR-3B Filing Cannot Bar ITC Without Section 16(5) Review: Calcutta HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 05:06:43 +0000

Calcutta HC quashes ₹1.18 crore GST demand and directs verification of GSTR-3B filing for retrospective Section 16(5) ITC relief.

The post Delayed GSTR-3B Filing Cannot Bar ITC Without Section 16(5) Review: Calcutta HC appeared first on TaxGuru.

Income Tax | Rule 8D Cannot Apply Without Objective Section 14A Satisfaction: ITAT Mumbai

CA Sandeep Kanoi — Wed, 23 Sep 2026 05:00:45 +0000

ITAT Mumbai deletes ₹40.76 lakh Section 14A disallowance as AO failed to record objective dissatisfaction before applying Rule 8D.

The post Rule 8D Cannot Apply Without Objective Section 14A Satisfaction: ITAT Mumbai appeared first on TaxGuru.

Income Tax | Time Allowed for Reply Excluded from Reassessment Limitation: SC Dismisses SLP

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:50:39 +0000

Supreme Court dismisses SLP against Delhi HC ruling that excluded the time allowed for reply when computing reassessment limitation under Section 149.

The post Time Allowed for Reply Excluded from Reassessment Limitation: SC Dismisses SLP appeared first on TaxGuru.

Income Tax | Delayed Form 10AB Must Be Tested for Reasonable Cause: ITAT Mumbai

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:45:35 +0000

ITAT Mumbai remands delayed Form 10AB application for fresh examination of reasonable cause under Section 12A(1)(ac).

The post Delayed Form 10AB Must Be Tested for Reasonable Cause: ITAT Mumbai appeared first on TaxGuru.

Custom Duty | Declared Goods Used to Conceal Undeclared Imports Can Be Confiscated: CESTAT Allahabad

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:43:12 +0000

CESTAT Allahabad reduces redemption fine to ₹55,812 and penalty to ₹2 lakh in customs misdeclaration case.

The post Declared Goods Used to Conceal Undeclared Imports Can Be Confiscated: CESTAT Allahabad appeared first on TaxGuru.

Excise Duty | Depot C&F Services Eligible for Cenvat Credit; Extended Demand Quashed: CESTAT Hyderabad

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:38:10 +0000

CESTAT Hyderabad allows Cenvat credit on depot C&F services, sets aside extended-period demand and penalty, and orders limited verification.

The post Depot C&F Services Eligible for Cenvat Credit; Extended Demand Quashed: CESTAT Hyderabad appeared first on TaxGuru.

Goods and Services Tax | Supplier Tax Default Condition for ITC Constitutionally Valid: Rajasthan HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:34:32 +0000

Rajasthan HC upholds Section 16(2)(c) CGST Act, rejects challenge to ITC demand and permits statutory appeal under Section 107.

The post Supplier Tax Default Condition for ITC Constitutionally Valid: Rajasthan HC appeared first on TaxGuru.

Income Tax | Kerala HC Quashes Penalty & Recovery Proceedings Based on Set-Aside Assessment Order

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:29:12 +0000

Kerala High Court quashes penalty notices and recovery based on an assessment already set aside, directing fresh assessment after hearing the assessee.

The post Kerala HC Quashes Penalty & Recovery Proceedings Based on Set-Aside Assessment Order appeared first on TaxGuru.

Company Law | NCLT Bengaluru Refuses Arbitration Reference in Oppression and Mismanagement Petition

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:19:13 +0000

NCLT Bengaluru rejected arbitration reference in oppression-mismanagement proceedings, holding Clause 23 failed the arbitration agreement test.

The post NCLT Bengaluru Refuses Arbitration Reference in Oppression and Mismanagement Petition appeared first on TaxGuru.

Company Law | Landmark Cars: NCLT Dispenses Meetings for Holding Company-Subsidiary Amalgamation Scheme

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:17:18 +0000

NCLT Ahmedabad dispenses shareholder and creditor meetings for proposed amalgamation of wholly owned subsidiary with holding company.

The post Landmark Cars: NCLT Dispenses Meetings for Holding Company-Subsidiary Amalgamation Scheme appeared first on TaxGuru.

Goods and Services Tax | Consolidated GST Notice for Multiple Years Quashed by Kerala HC

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:15:15 +0000

Kerala HC quashes consolidated GST SCN and order covering FY 2017-18 to 2022-23; Revenue allowed to issue separate year-wise notices.

The post Consolidated GST Notice for Multiple Years Quashed by Kerala HC appeared first on TaxGuru.

Income Tax | Section 147A Constitutional Challenge: Bombay HC Restrains Reassessment Proceedings

CA Sandeep Kanoi — Wed, 23 Sep 2026 04:14:49 +0000

Bombay HC restrained reassessment and recovery proceedings where constitutional validity of Section 147A was challenged.

The post Section 147A Constitutional Challenge: Bombay HC Restrains Reassessment Proceedings appeared first on TaxGuru.

Fema / RBI | Overseas Foreign Currency Accounts for Exporters: FEMA Compliance and Risks

Adv. Khushboo Chaudhary — Tue, 22 Sep 2026 19:02:12 +0000

RBI’s 2025 FEMA amendments liberalise overseas foreign currency accounts for exporters while creating repatriation, reporting and disclosure obligations.

The post Overseas Foreign Currency Accounts for Exporters: FEMA Compliance and Risks appeared first on TaxGuru.

Fema / RBI | NRI Rights Issue on Non-Repatriation Basis: Is Valuation Report Required?

CS Kirti Gupta — Tue, 22 Sep 2026 18:58:01 +0000

Rights issue renounced to an NRI on non-repatriation basis may not require valuation merely due to NRI status. FEMA and Companies Act explained.

The post NRI Rights Issue on Non-Repatriation Basis: Is Valuation Report Required? appeared first on TaxGuru.

Income Tax | VDA Tax Under Income Tax Act 2025: Cross-Border Gaps and CARF

Adv. Khushboo Chaudhary — Tue, 22 Sep 2026 18:51:54 +0000

Income Tax Act 2025 retains VDA tax rules while crypto-assets, offshore trades, DeFi, airdrops and CARF raise significant compliance questions.

The post VDA Tax Under Income Tax Act 2025: Cross-Border Gaps and CARF appeared first on TaxGuru.

Income Tax | When ITC Must Be Reversed: Legal Rules and Compliance Challenges under GST

Ayesha Parveen — Tue, 22 Sep 2026 18:47:37 +0000

Understand GST ITC reversal under Sections 16 and 17, Rules 37, 42 and 43, blocked credits, GSTR-3B reporting and Safari Retreats ruling.

The post When ITC Must Be Reversed: Legal Rules and Compliance Challenges under GST appeared first on TaxGuru.

Goods and Services Tax | GSTN emSigner Migration: Legal Impact of FIPS 140-3 in India

Atith Sinai Amonkar — Tue, 22 Sep 2026 18:47:23 +0000

GSTN emSigner v3.3 and FIPS 140-3 migration reshape DSC security, unsigned GST orders, electronic evidence and corporate tax compliance.

The post GSTN emSigner Migration: Legal Impact of FIPS 140-3 in India appeared first on TaxGuru.

Service Tax | DRC-03 Payment u/s 73(5) Cannot Answer Section 74 SCN: Calcutta HC

Adv. Khushboo Chaudhary — Tue, 22 Sep 2026 18:46:23 +0000

Calcutta HC held voluntary DRC-03 payment under Section 73(5) cannot be treated as response to a Section 74 GST show cause notice.

The post DRC-03 Payment u/s 73(5) Cannot Answer Section 74 SCN: Calcutta HC appeared first on TaxGuru.

Fema / RBI | Indian Residents Investing in Dubai Companies: FEMA, LRS and Tax Guide

Mandeep Singh — Tue, 22 Sep 2026 18:42:16 +0000

FEMA, ODI, LRS, RBI reporting and Indian tax rules explained for residents investing in or owning a Dubai company.

The post Indian Residents Investing in Dubai Companies: FEMA, LRS and Tax Guide appeared first on TaxGuru.

Goods and Services Tax | Section 16(2)(c) of CGST Act: Supreme Court verdict final or GST Council surprise?

Umesh Goel — Tue, 22 Sep 2026 18:29:54 +0000

Supreme Court affirms Section 16(2)(c) validity, while GST Council policy discussions may reshape relief for genuine buyers facing supplier defaults.

The post Section 16(2)(c) of CGST Act: Supreme Court verdict final or GST Council surprise? appeared first on TaxGuru.

Corporate Law | Trademark Objection Reply: Common Grounds, Procedure, Hearing and Outcomes

Compliance Calendar LLP — Tue, 22 Sep 2026 18:27:37 +0000

Understand trademark objections, Sections 9 and 11, Examination Report replies, evidence, hearings, outcomes and ways to avoid registration delays.

The post Trademark Objection Reply: Common Grounds, Procedure, Hearing and Outcomes appeared first on TaxGuru.

Corporate Law | IRDAI Repeals Dividend Repatriation Guidelines for Foreign-Owned Insurance Intermediaries

Editor — Tue, 22 Sep 2026 18:09:15 +0000

IRDAI repeals 2020 dividend repatriation guidelines for insurance intermediaries with majority foreign investors from 30 July 2026.

The post IRDAI Repeals Dividend Repatriation Guidelines for Foreign-Owned Insurance Intermediaries appeared first on TaxGuru.

Income Tax | Third-Party Excel Sheet Cannot Prove Unexplained Cash Investment: ITAT Agra

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:06:50 +0000

ITAT Agra deleted ₹9.75 lakh Section 69 addition based on third-party Excel data and statements never furnished to the assessee.

The post Third-Party Excel Sheet Cannot Prove Unexplained Cash Investment: ITAT Agra appeared first on TaxGuru.

Income Tax | Consultant Fraud May Protect Bona Fide Assessee From Penalty: ITAT Bangalore

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:06:30 +0000

ITAT Bangalore remanded Section 271(1)(c) penalty to verify whether fraudulent refund claim was solely attributable to tax practitioner.

The post Consultant Fraud May Protect Bona Fide Assessee From Penalty: ITAT Bangalore appeared first on TaxGuru.

Income Tax | Flat Sale Gains Taxable as Capital Gains; Search Additions Deleted: ITAT Mumbai

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:06:11 +0000

ITAT Mumbai treated flat-sale gains as capital gains, deleted unsupported search additions and partly allowed Section 14A relief.

The post Flat Sale Gains Taxable as Capital Gains; Search Additions Deleted: ITAT Mumbai appeared first on TaxGuru.

Income Tax | No Section 153A Addition Without Incriminating Search Material: ITAT Mumbai

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:04:36 +0000

ITAT Mumbai deleted Section 153A additions as no incriminating material was found in the assessees own search.

The post No Section 153A Addition Without Incriminating Search Material: ITAT Mumbai appeared first on TaxGuru.

Income Tax | Section 147 Reassessment Invalid After Search Triggered Section 153A: ITAT Mumbai

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:03:32 +0000

ITAT Mumbai quashed Section 147 reassessment where search-based income had to be assessed under mandatory Sections 153A/153C.

The post Section 147 Reassessment Invalid After Search Triggered Section 153A: ITAT Mumbai appeared first on TaxGuru.

Income Tax | Section 147 Reassessment Invalid When Search Material Requires Section 153C: ITAT Agra

CA Sandeep Kanoi — Tue, 22 Sep 2026 18:03:06 +0000

ITAT Agra quashed Section 147 reassessment based on third-party search material, holding that proceedings should have been initiated under Section 153C.

The post Section 147 Reassessment Invalid When Search Material Requires Section 153C: ITAT Agra appeared first on TaxGuru.

Income Tax | Repaid Bank Loans Cannot Be Treated as Unexplained Credits: Gujarat HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:58:23 +0000

Gujarat HC upholds deletion of Section 68 addition where loans were received and repaid through banking channels and evidence established genuineness.

The post Repaid Bank Loans Cannot Be Treated as Unexplained Credits: Gujarat HC appeared first on TaxGuru.

Income Tax | Form 10AB Typographical Error Requires Fresh Registration Adjudication: ITAT Delhi

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:48:55 +0000

ITAT Delhi remanded Section 12A registration application where wrong clause in Form 10AB was a typographical error.

The post Form 10AB Typographical Error Requires Fresh Registration Adjudication: ITAT Delhi appeared first on TaxGuru.

Income Tax | Share Premium, Bogus Purchases & Demonetisation Additions Deleted: Delhi HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:47:20 +0000

Delhi HC upholds deletion of Section 68 share premium, bogus-purchase and demonetisation cash-deposit additions for six assessment years.

The post Share Premium, Bogus Purchases & Demonetisation Additions Deleted: Delhi HC appeared first on TaxGuru.

Income Tax | Post-Resolution Income Tax Assessment Violates IBC Clean Slate: Delhi HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:46:24 +0000

Delhi HC holds that tax demands outside an approved IBC resolution plan stand extinguished and cannot bind the successful resolution applicant.

The post Post-Resolution Income Tax Assessment Violates IBC Clean Slate: Delhi HC appeared first on TaxGuru.

Goods and Services Tax | GST Appeal Reserved for Decision Must Be Decided on Merits: Punjab and Haryana HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:46:00 +0000

Punjab and Haryana HC restores GST appeal dismissed for non-prosecution after it had been reserved for decision.

The post GST Appeal Reserved for Decision Must Be Decided on Merits: Punjab and Haryana HC appeared first on TaxGuru.

Service Tax | Construction Contracts Taxable Only as Works Contract Service: CESTAT Ahmedabad

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:39:54 +0000

CESTAT Ahmedabad sets aside Rs.1.69 crore service tax demand wrongly classified as construction of complex service.

The post Construction Contracts Taxable Only as Works Contract Service: CESTAT Ahmedabad appeared first on TaxGuru.

Income Tax | Section 54 Relief Allowed for Two Flats Used as One Home: ITAT Mumbai

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:39:01 +0000

ITAT Mumbai allows Sections 54 and 54F deductions where two adjoining flats constituted one residential unit with a common kitchen and entrance.

The post Section 54 Relief Allowed for Two Flats Used as One Home: ITAT Mumbai appeared first on TaxGuru.

Goods and Services Tax | GST Appeal Cannot Be Dismissed for Non-Prosecution: Punjab and Haryana HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:37:10 +0000

Punjab and Haryana High Court rules that GST appellate authority must decide an appeal on merits despite the appellant’s non-appearance.

The post GST Appeal Cannot Be Dismissed for Non-Prosecution: Punjab and Haryana HC appeared first on TaxGuru.

Service Tax | Beverage Vending at Client Premises Is Taxable Outdoor Catering: CESTAT Chennai

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:36:45 +0000

CESTAT Chennai confirms service tax on per-cup tea, coffee and milk supplied through vending machines at clients’ premises.

The post Beverage Vending at Client Premises Is Taxable Outdoor Catering: CESTAT Chennai appeared first on TaxGuru.

Income Tax | Section 54F Exemption Cannot Be Denied for Using Other Funds: ITAT Agra

CA Vijayakumar Shetty — Tue, 22 Sep 2026 17:35:10 +0000

ITAT Agra allows Section 54F exemption of ₹59.58 lakh where house investment was partly made from sources outside Capital Gains Account.

The post Section 54F Exemption Cannot Be Denied for Using Other Funds: ITAT Agra appeared first on TaxGuru.

Goods and Services Tax | GST Reverse Charge: Section 9(4) Abeyance, Amendment and Revival

Aijaz Hussain Malik, JKAS, STO — Tue, 22 Sep 2026 17:24:55 +0000

Complete history of GST reverse charge under Sections 9(3) and 9(4), including abeyance, 2018 amendment and RCM rules for real estate promoters.

The post GST Reverse Charge: Section 9(4) Abeyance, Amendment and Revival appeared first on TaxGuru.

Corporate Law | Bank Cannot Recover Husband’s Loan from Wife’s Fixed Deposit: Allahabad HC

CA Vijayakumar Shetty — Tue, 22 Sep 2026 17:16:32 +0000

Allahabad High Court directs SBI to refund ₹19,90,693 with FD interest and pay ₹1 lakh compensation after debiting widow’s independent fixed deposit.

The post Bank Cannot Recover Husband’s Loan from Wife’s Fixed Deposit: Allahabad HC appeared first on TaxGuru.

Goods and Services Tax | Unexplained GST Defaults Bar Writ Relief Against Registration Cancellation: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:05:55 +0000

Rajasthan HC refused GST restoration where taxpayers gave no explanation for return defaults, SCN non-response or belated revocation remedy.

The post Unexplained GST Defaults Bar Writ Relief Against Registration Cancellation: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Writ Cannot Revive GST Appeal Barred by Statutory Limitation: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:05:16 +0000

Rajasthan HC refused writ relief where GST appeal was filed beyond statutory and condonable limitation, but permitted fresh registration.

The post Writ Cannot Revive GST Appeal Barred by Statutory Limitation: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Belated GST Revocation Challenge Rejected; Fresh Registration Permitted: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:04:41 +0000

Rajasthan HC refused relief against time-barred GST cancellation challenge but clarified that taxpayer may apply for fresh registration.

The post Belated GST Revocation Challenge Rejected; Fresh Registration Permitted: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Three-Month GST Appeal Delay Cannot Be Condoned Beyond Section 107(4): SC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:02:22 +0000

Supreme Court refused to interfere where GST appeal was delayed by three months beyond the period permitted under Section 107(4) of J&K GST Act.

The post Three-Month GST Appeal Delay Cannot Be Condoned Beyond Section 107(4): SC appeared first on TaxGuru.

Goods and Services Tax | Accountant Lapse Justifies Condonation of 452-Day GST Appeal Delay: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 17:00:43 +0000

Rajasthan HC condoned 452-day GST appeal delay caused by lack of professional assistance and directed adjudication on merits.

The post Accountant Lapse Justifies Condonation of 452-Day GST Appeal Delay: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Medical & Family Circumstances Justify Condonation of GST Appeal Delay: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:53:43 +0000

Rajasthan HC condoned 244-day GST appeal delay caused by family disputes and surgery, directing adjudication on merits within 30 days.

The post Medical & Family Circumstances Justify Condonation of GST Appeal Delay: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Father’s Serious Illness Justifies Condonation of GST Appeal Delay: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:52:36 +0000

Rajasthan HC condoned 84-day delay in GST cancellation appeal caused by fathers illness and directed adjudication on merits.

The post Father’s Serious Illness Justifies Condonation of GST Appeal Delay: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Delayed GST Cancellation Appeal Must Be Decided on Merits: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:50:44 +0000

Rajasthan HC set aside rejection of delayed GST appeal and directed merits adjudication, subject to applicable statutory deposits.

The post Delayed GST Cancellation Appeal Must Be Decided on Merits: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Belated GSTR-3B Cannot Revive Expired GST Appellate Remedy: Rajasthan HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:49:41 +0000

Rajasthan HC dismissed writ against GST best judgment assessment where assessee failed to appeal within statutory or extended limitation.

The post Belated GSTR-3B Cannot Revive Expired GST Appellate Remedy: Rajasthan HC appeared first on TaxGuru.

Goods and Services Tax | Maharashtra AAR Rejects GST Registration Query Concerning Other States

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:26:21 +0000

Maharashtra AAR rejected an application seeking a ruling on registration liability in West Bengal and Andhra Pradesh.

The post Maharashtra AAR Rejects GST Registration Query Concerning Other States appeared first on TaxGuru.

Goods and Services Tax | IGST Refund Mismatch Query Non-Maintainable: Maharashtra AAR

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:22:53 +0000

Maharashtra AAR rejected Tolia Industries’ query on IGST refund mismatch, holding refund issues fall outside section 97(2).

The post IGST Refund Mismatch Query Non-Maintainable: Maharashtra AAR appeared first on TaxGuru.

Goods and Services Tax | GST Refund Questions Outside Advance Ruling Scope: Maharashtra AAR Rejects Application

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:20:38 +0000

Maharashtra AAR rejects exporter’s GST refund and customs-only duty drawback queries as outside Section 97(2) of CGST Act.

The post GST Refund Questions Outside Advance Ruling Scope: Maharashtra AAR Rejects Application appeared first on TaxGuru.

Goods and Services Tax | Commercial Unit Sale and Leasing Constitute GST Business; Rental ITC Barred: Maharashtra AAR

CA Sandeep Kanoi — Tue, 22 Sep 2026 16:19:32 +0000

Maharashtra AAR holds commercial-unit sale and leasing taxable under GST but denies construction ITC for units retained and rented.

The post Commercial Unit Sale and Leasing Constitute GST Business; Rental ITC Barred: Maharashtra AAR appeared first on TaxGuru.

Income Tax | Ludhiana Taxation Bar Seeks Tax Audit Deadline Extension to 31 October 2026

Editor2 — Tue, 22 Sep 2026 16:05:35 +0000

Taxation Bar Association Ludhiana seeks extension of AY 2026-27 Tax Audit Report deadline to 31 October and audit-case ITR deadline to 30 November.

The post Ludhiana Taxation Bar Seeks Tax Audit Deadline Extension to 31 October 2026 appeared first on TaxGuru.

Income Tax | Karnataka Taxpayers Association Seeks Tax Audit Deadline Extension to 31 October 2026

Editor2 — Tue, 22 Sep 2026 16:04:03 +0000

Karnataka Taxpayers Association seeks extension of AY 2026-27 Tax Audit Report due date from 30 September to 31 October 2026.

The post Karnataka Taxpayers Association Seeks Tax Audit Deadline Extension to 31 October 2026 appeared first on TaxGuru.

Income Tax | Tax Bar Association Seeks Tax Audit Deadline Extension to 31 October 2026

Editor2 — Tue, 22 Sep 2026 15:58:18 +0000

Tax Bar Association Guwahati seeks extension of AY 2026-27 tax audit deadline from 30 September to 31 October 2026.

The post Tax Bar Association Seeks Tax Audit Deadline Extension to 31 October 2026 appeared first on TaxGuru.

Income Tax | Allotment Letter Can Qualify as Agreement for Section 56 Valuation: ITAT Mumbai

CA Sandeep Kanoi — Tue, 22 Sep 2026 15:49:31 +0000

ITAT Mumbai held allotment letter can be agreement to sell, but remanded Section 56 addition to verify non-cash payment before allotment.

The post Allotment Letter Can Qualify as Agreement for Section 56 Valuation: ITAT Mumbai appeared first on TaxGuru.

Excise Duty | Repetitive Show Cause Notice on Settled Classification Is Abuse of Process: Supreme Court

CA Sandeep Kanoi — Tue, 22 Sep 2026 15:48:48 +0000

Supreme Court upheld quashing of repetitive excise SCN seeking to reopen settled classification of Vicco products as Ayurvedic medicines.

The post Repetitive Show Cause Notice on Settled Classification Is Abuse of Process: Supreme Court appeared first on TaxGuru.

Goods and Services Tax | MVAT Dues Outside Approved Resolution Plan Stand Extinguished: Bombay HC

CA Sandeep Kanoi — Tue, 22 Sep 2026 15:47:28 +0000

Bombay HC holds approved IBC resolution plan extinguishes MVAT dues and directs refund of statutory pre-deposit with applicable interest.

The post MVAT Dues Outside Approved Resolution Plan Stand Extinguished: Bombay HC appeared first on TaxGuru.

Income Tax | Bombay HC Orders Rs. 3.25 Cr Section 244A Interest Payment with 6% Compensation

CA Sandeep Kanoi — Tue, 22 Sep 2026 15:41:55 +0000

Bombay HC directs payment of Rs.3.25 crore Section 244A interest and 6% interest on delayed payment for AY 2019-20.

The post Bombay HC Orders Rs. 3.25 Cr Section 244A Interest Payment with 6% Compensation appeared first on TaxGuru.

Goods and Services Tax | GSTAT Confirms Rs. 2.34 Lakh ITC Profiteering Demand Against Maruti Developers

CA Sandeep Kanoi — Tue, 22 Sep 2026 15:34:28 +0000

GSTAT confirms Rs. 2.34 lakh profiteering plus GST and 18% interest under Section 171; no penalty for the pre-2020 investigation period.

The post GSTAT Confirms Rs. 2.34 Lakh ITC Profiteering Demand Against Maruti Developers appeared first on TaxGuru.