Fraudulent duty-free diversion defeats advance-licence exemption, enables extended recovery, and supports penalties for firms and active partners.

Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...

Insider trading presumption applies when persons possessing UPSI trade, with disgorgement available for losses averted through the contravention.

Limitation for EPC operational debt runs from each payment default, preventing insolvency proceedings on time-barred claims.

Pro rata resolution-plan distribution by admitted claims prevails over individual security interests for dissenting secured financial creditors.

Prima facie FEMA contravention can support equivalent-value property seizure despite overseas accounts and an income-tax settlement.

Money-laundering proceedings can survive compromise quashing, while PMLA bail fails where twin conditions and flight-risk concerns remain unmet.

Property of equivalent value remains vulnerable to freezing when direct proceeds of crime are unavailable and sources remain unexplained.

Goods Transport Agency classification accepts bills as consignment notes, while unverified Form 26AS demands and extended limitation fail.

Copyright exclusion from intellectual property right service prevents pre-2008 taxation of software licence royalties and defeats extended limitation.

Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...

Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...

CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...

Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...

Customs tariff values for edible oils, brass scrap, areca nuts, gold and silver take effect from 11 August 2026.

Municipal debt securities rules revise private-placement face values, pooled-finance escrow safeguards, and financial-results disclosure timelines wit...

Enhanced due diligence for dealings with identified Bhutanese firms is advised to manage potential trade and payment risks.

GST registration cancellation appeals may be restored for merits review where genuine delay explanations justify condonation of limitation.

Fresh GST proceedings after quashed notices remain within limitation, but prejudged show cause notices require neutral reissuance.

Proper officer jurisdiction for a combined GST demand supports one waiver application covering operations across multiple States.