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    July 17, 2026   Notifications Income Tax
    Specified authority composition under section 72A is amended by substituting the designated fifth committee member.
    July 17, 2026   Notifications Income Tax
    Cost Inflation Index for financial year 2026-27 is notified, applying from the corresponding tax year onward.
    July 17, 2026   Notifications Income Tax
    Pension fund tax exemption applies to eligible Indian investments subject to reporting, asset-use, borrowing and governance conditions.
    July 17, 2026   Notifications Customs
    Customs tariff values revised for edible oils, brass scrap, gold and silver, while areca nut valuation remains unchanged.
    July 17, 2026   Notifications Central Excise
    Special Additional Excise Duty on export-cleared Aviation Turbine Fuel is revised under the amended effective-rate notification.
    July 17, 2026   Notifications Central Excise
    Special additional excise duty on exported petrol and diesel is revised through substituted per-litre rates effective immediately.
    July 17, 2026   Notifications Customs
    India-UK CETA tariff concessions introduce preferential customs treatment, origin verification, and quota-based rates for specified United Kingdom imp...
    July 17, 2026   Circulars DGFT
    Forced-labour import enquiries now permit evidence gathering and recommendations to prohibit affected goods from entering India.
    July 17, 2026   Circulars Customs
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    July 17, 2026   Circulars GST - States
    GST 'as is where is' regularisation accepts lower tax positions but denies refunds and excludes unreported non-payment.
    July 17, 2026   Circulars GST - States
    Suo-moto audit and scrutiny proposals require documented reasons, estimated evasion, DETC recommendation and range-level approval before initiation.
    July 17, 2026   Circulars GST - States
    Multi-year GST audit coverage requires examination of subsequent financial years through the current year for full compliance review.
    July 17, 2026   Case Laws GST
    Interest wrongly classified as tax cannot require GST appellate pre-deposit; the appeal must be reconsidered on merits.
    July 17, 2026   Case Laws GST
    Statutory GST appeal remedy prevails where alleged inadequate consideration of replies does not establish a natural justice breach.
    July 17, 2026   Case Laws GST
    Statutory GST appellate remedy must be pursued before writ review of a demand order, with limitation protection granted.
    July 17, 2026   Case Laws GST
    Efficacious GST appellate remedy bars writ review where disputed factual issues and statutory pre-deposit must be addressed by the Tribunal.
    July 17, 2026   Case Laws GST
    Substantial procedural compliance supports GST waiver reconsideration where full tax was timely paid under an incorrect tax head.
    July 17, 2026   Case Laws Income Tax
    Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
    July 17, 2026   Case Laws Income Tax
    Penalty initiation for cash-receipt contraventions begins with the competent authority's hearing notice, subject to reasonable-time limits.
    July 17, 2026   Case Laws Income Tax
    Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
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July 17, 2026   Notifications Income Tax
Specified authority composition under section 72A is amended by substituting the designated fifth committee member.
July 17, 2026   Notifications Income Tax
Cost Inflation Index for financial year 2026-27 is notified, applying from the corresponding tax year onward.
July 17, 2026   Notifications Income Tax
Pension fund tax exemption applies to eligible Indian investments subject to reporting, asset-use, borrowing and governance conditions.
July 17, 2026   Notifications Customs
Customs tariff values revised for edible oils, brass scrap, gold and silver, while areca nut valuation remains unchanged.
July 17, 2026   Notifications Central Excise
Special Additional Excise Duty on export-cleared Aviation Turbine Fuel is revised under the amended effective-rate notification.
July 17, 2026   Notifications Central Excise
Special additional excise duty on exported petrol and diesel is revised through substituted per-litre rates effective immediately.
July 17, 2026   Notifications Customs
India-UK CETA tariff concessions introduce preferential customs treatment, origin verification, and quota-based rates for specified United Kingdom imports.
July 17, 2026   Circulars DGFT
Forced-labour import enquiries now permit evidence gathering and recommendations to prohibit affected goods from entering India.
July 17, 2026   Circulars Customs
Accredited export test reports must be considered without mandatory CRCL referral where no risk-based intervention or intelligence exists.
July 17, 2026   Circulars GST - States
GST 'as is where is' regularisation accepts lower tax positions but denies refunds and excludes unreported non-payment.
July 17, 2026   Circulars GST - States
Suo-moto audit and scrutiny proposals require documented reasons, estimated evasion, DETC recommendation and range-level approval before initiation.
July 17, 2026   Circulars GST - States
Multi-year GST audit coverage requires examination of subsequent financial years through the current year for full compliance review.
July 17, 2026   Case Laws GST
Interest wrongly classified as tax cannot require GST appellate pre-deposit; the appeal must be reconsidered on merits.
July 17, 2026   Case Laws GST
Statutory GST appeal remedy prevails where alleged inadequate consideration of replies does not establish a natural justice breach.
July 17, 2026   Case Laws GST
Statutory GST appellate remedy must be pursued before writ review of a demand order, with limitation protection granted.
July 17, 2026   Case Laws GST
Efficacious GST appellate remedy bars writ review where disputed factual issues and statutory pre-deposit must be addressed by the Tribunal.
July 17, 2026   Case Laws GST
Substantial procedural compliance supports GST waiver reconsideration where full tax was timely paid under an incorrect tax head.
July 17, 2026   Case Laws Income Tax
Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh review.
July 17, 2026   Case Laws Income Tax
Penalty initiation for cash-receipt contraventions begins with the competent authority's hearing notice, subject to reasonable-time limits.
July 17, 2026   Case Laws Income Tax
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identified subsequent DIN intimation.

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Income Tax

Disallowance on account of interest on the capital account - The...

Court Rules Interest on Capital Account Allowable; No Evidence of Non-Business Use of Funds by Assessee.

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Income Tax December 7, 2020 Case Laws AT
Disallowance on account of interest on the capital account - The withdrawals made by the assessee from the other partnership firms on which interest was paid by him, thus, were not utilized for non-business purpose and interest paid thereon in my opinion, cannot be disallowed on the ground that there was utilization of corresponding funds for non-business purpose as alleged by the authorities below. - AT
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Acts Income Tax
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