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    July 29, 2026   Case Laws Indian Laws
    Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
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July 29, 2026   Case Laws Indian Laws
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offences.
July 28, 2026   Notifications SEZ
SEZ area de-notification reduces the notified Information Technology zone at Pallipuram, leaving a revised notified area.
July 28, 2026   Notifications SEZ
SEZ de-notification rescinds the IT and IT-enabled services zone notification while preserving prior actions and omissions.
July 28, 2026   Notifications Income Tax
Form ITR-BN governs block-period returns after covered searches, requiring prescribed verification and treatment of provisional income.
July 28, 2026   Circulars Customs
Digital Section 49 warehousing enables online applications, query responses, status tracking and renewable storage-period extensions through ICEGATE.
July 28, 2026   Case Laws GST
Independent application of mind in show cause notices required quashing AI-generated notice and consequential proceedings.
July 28, 2026   Case Laws GST
Mandatory penalty-order timelines for detained goods require strict compliance, making delayed orders vulnerable to being quashed.
July 28, 2026   Case Laws GST
Parallel GST input tax credit proceedings require scrutiny of overlapping charges before separate state assessment is sustained.
July 28, 2026   Case Laws GST
Bona fide conduct in GST writ challenges is essential; undisclosed facts and belated duress claims defeated relief.
July 28, 2026   Case Laws GST
Return revision for omitted stock transfers required reconsideration, suspending related GST adverse-inference orders pending the revised return outcome.
July 28, 2026   Case Laws GST
Embassy-dependent bail conditions were replaced where a foreign national could not obtain the required guarantee certificate.
July 28, 2026   Case Laws GST
Capacity-based pan masala cess failed equality review where deemed production treated materially different machine outputs alike.
July 28, 2026   Case Laws GST
GST on compulsory acquisition compensation is impermissible because eminent-domain acquisition is neither a supply of goods nor services.
July 28, 2026   Case Laws GST
GST appellate remand prohibition makes unauthorised remand a jurisdictional nullity, preserving writ review despite rectification and alternative-remedy objections.
July 28, 2026   Case Laws GST
Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate authorisation.
July 28, 2026   Case Laws GST
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustainable.
July 28, 2026   Case Laws GST
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities exist.
July 28, 2026   Case Laws Income Tax
Redemption premium on business-funding FCCBs is revenue expenditure and may be spread across the prescribed maturity period.
July 28, 2026   Case Laws Income Tax
Pre-commencement project receipts remain capital when tied to installation, while infrastructure deductions follow the taxpayer's chosen initial year.
July 28, 2026   Case Laws Income Tax
Tax deducted at source must be considered before prosecuting delayed return filing where the statutory exception applies.

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Insolvency and Bankruptcy

Initiation of CIRP u/s 7 - classification of Commission on sales...

Sales Commission Not Financial Debt Under IBC, NCLAT Rules; Attempts to Inflate Claim Amounts Criticized.

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Insolvency and Bankruptcy February 22, 2024 Case Laws AT
Initiation of CIRP u/s 7 - classification of Commission on sales - Financial Debt or not - threshold limit - The Adjudicating Authority analyzed the definition of 'financial debt' under Section 5(8) of the IBC and concluded that the commission on sale amount did not qualify as financial debt as it did not meet the criteria of disbursal against the consideration for the time value of money. - The NCLAT held that the Appellant having failed to meet the threshold limit in the earlier Section 7 application has now tried to overcome this impediment by inflating the claim amount by resorting to a calculation methodology which lacks rational basis.
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