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September 18, 2026   Case Laws Benami Property
Secured creditor priority does not release benami property from attachment, while notice challenge fails without proven prejudice.
September 18, 2026   Case Laws Customs
Voluntary Customs Duty Deposits May Be Appropriated in Settlement Despite Limitation on Fresh Demand Proceedings
September 18, 2026   Case Laws Customs
Writ jurisdiction cannot ordinarily bypass customs appellate remedies, including mandatory pre-deposit, where factual and merits disputes require statutory review.
September 18, 2026   Case Laws IBC
Natural justice requires determination of a non-party's intervention application before final adjudication of an insolvency petition.
September 18, 2026   Case Laws Central Excise
Evidentiary safeguards for statements and electronic records defeated a clandestine-clearance demand lacking independent corroboration entirely.
September 18, 2026   Case Laws Customs
Anti-dumping duty on wind turbine gear boxes is limited to embedded castings, not the gear boxes as whole.
September 18, 2026   Case Laws Customs
Customs Broker due diligence requires prescribed KYC, not detecting misdeclarations discoverable only through physical examination, defeating licence revocation.
September 18, 2026   Case Laws Customs
Customs transaction value requires stated doubt and sequential valuation before market inquiry can support enhancement.
September 18, 2026   Case Laws IBC
E-filing system failure permits exclusion of affected time in insolvency appeals, preventing tribunal technology defects from defeating timely filings.
September 18, 2026   Case Laws IBC
Provident-fund dues outside insolvency waterfall require payment with interest, while damages discretion awaits larger-Bench review.
September 18, 2026   Case Laws IBC
Pre-existing disputes over outcome-based professional fees can bar Section 9 insolvency proceedings where contractual entitlement requires investigation.
September 18, 2026   Case Laws FEMA
Statutory omission does not erase earlier FEMA contraventions; delayed foreign-investment reporting attracts civil penalties without proving intent.
September 18, 2026   Case Laws Money Laundering
Corresponding scheduled offences preserve money-laundering jurisdiction despite repeal of the central corruption provision where conduct remains covered by amended law.
September 18, 2026   Case Laws Indian Laws
Self-help vehicle repossession requires prior notice and fair procedure; arbitrary recovery can trigger restorative and compensatory relief.
September 17, 2026   Notifications Income Tax
Form No. 98 reporting introduces mandatory online registration, digital filing, corrections, deletion statements, and information security controls.
September 17, 2026   Notifications SEBI
Clearing corporation recognition renewal subjects NSE Clearing Limited to continuing regulatory conditions throughout its renewed operating term.
September 17, 2026   Notifications SEBI
Stock exchange recognition renewal permits continued securities contracts operations subject to ongoing regulatory conditions for one year.
September 17, 2026   Notifications Customs
Customs tariff values for edible oils, metals and areca nuts are substituted for import valuation
September 17, 2026   Notes GST
Supplier tax payment is a substantive ITC condition, requiring reversal for default but permitting re-availment after payment.
September 17, 2026   Notes GST
Actionable claims in stake-based gaming attract GST on gross stakes, with specialised valuation rules for online gaming and casinos.

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Income Tax

Disallowance of purchase of consumable goods, i.e., cotton,...

Court Limits Disallowance of Consumable Goods Purchases to 15% Despite Decrease in Cotton Use and Unrejected Accounts.

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Income Tax November 10, 2015 Case Laws AT
Disallowance of purchase of consumable goods, i.e., cotton, gauze and bandage, etc. - ingenuine and unverifiable purchases - the books of account being not rejected and consumption of cotton having comparatively decreased - AO directed to restrict the disallowance to 15 per cent. of purchases- AT
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