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October 28, 2026   Notifications GST
Commencement of Finance Act amendments brings specified statutory changes into force from the appointed date
October 28, 2026   Notifications SEZ
SEZ land de-notification reduces the textile zone's notified area while permitting supporting infrastructure subject to land-use compliance.
October 28, 2026   Circulars SEBI
Separate business unit compliance for non-SEBI-regulated debenture trustee activities receives an extended implementation timeline amid regulatory review.
October 28, 2026   Circulars GST
GST registration processing requires prescribed documents, restricted officer queries, and time-bound approval, with simplified electronic registration for eligible small suppliers.
October 28, 2026   Circulars GST
Omission of the GST export-refund restriction applies retrospectively to pending proceedings absent an express saving provision.
October 28, 2026   Circulars GST
Export payment realisation through repatriable INR accounts, compliant set-offs, and net retention meets GST export conditions.
October 28, 2026   Circulars GST
Input tax credit on dealer-agency demo vehicles is available, aligning their treatment with traditional vehicle dealerships.
October 28, 2026   Circulars GST
Banking-sector ITC apportionment under section 17(4) requires a uniform credit election across all eligible registrations
October 28, 2026   Circulars GST
Input Service Distributor credit rules assign eligibility, reversals and refund treatment to recipients while excluding transfer invoices from turnover.
October 28, 2026   Circulars GST
CGST appellate pre-deposit rules clarify disputed tax calculation, refund entitlement, interest dates, and remand-related adjustment requirements.
October 28, 2026   Circulars GST
Reasoned GST adjudication requires evidence-based notices, fair hearings, fraud-specific proof, and appellate scrutiny within statutory limits.
October 28, 2026   Circulars Companies Law
Annual filing fee relief permits delayed financial statements and returns, while AGM deadlines and related liabilities remain unchanged.
October 28, 2026   Case Laws GST
GST notice service requires alternative delivery and personal hearing before ex parte assessment; time-barred input tax credit is quashed.
October 28, 2026   Case Laws IBC
Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineligibility.
October 28, 2026   Case Laws GST
Retrospective input tax credit eligibility overrides filing-time limits for specified years when GST returns met the prescribed deadline.
October 28, 2026   Case Laws GST
Effective GST notice service requires further statutory communication and a personal hearing when portal notices receive no response.
October 28, 2026   Case Laws GST
Interest on wrongly availed IGST credit requires fresh review against the combined electronic credit ledger balance.
October 28, 2026   Case Laws GST
Ex parte compensation cess demand set aside, restoring show-cause response opportunity subject to partial balance-tax payment.
October 28, 2026   Case Laws GST
Show-cause notice specificity invalidates GST demands founded on undisclosed grounds and requires reconciliation of wrong-head tax payments.
October 28, 2026   Case Laws GST
Delayed bookkeeping entries supported by invoices and returns do not establish deliberate non-accountal or justify stock confiscation.

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Income Tax

Penalty u/s 271AAB - Addition u/s 69B - income shown suo-motto -...

Taxpayer Faces 30% Penalty u/s 271AAB for Additional Income Assessed u/s 69B of Income Tax Act.

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Income Tax July 31, 2020 Case Laws AT
Penalty u/s 271AAB - Addition u/s 69B - income shown suo-motto - additional income brought to tax by the Assessing Officer - none of the conditions for levy of penalty at the lower rate of 10%, under clause (a) of Section 271AAB (1), are satisfied. Accordingly, it is held that in respect of such additional income, penalty is leviable at 30% under clause (a) of Section 271AAB(1). - AT
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Acts Income Tax
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