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    August 17, 2026   Circulars SEBI
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August 17, 2026   Circulars SEBI
Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised compliance-officer requirements.
August 17, 2026   Case Laws GST
Judicial review of interim tender clarification was premature until the authority considered bidder responses and made a reasoned bid decision.
August 17, 2026   Case Laws GST
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fide disputes.
August 17, 2026   Case Laws GST
GST portal-only notice after registration cancellation is invalid; fresh adjudication requires lawful service and hearing opportunity.
August 17, 2026   Case Laws GST
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through writ proceedings.
August 17, 2026   Case Laws GST
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debit.
August 17, 2026   Case Laws GST
Portal-only service of GST show cause notice cannot sustain ex parte adjudication without effective opportunity to respond.
August 17, 2026   Case Laws GST
Statutory appellate remedy for GST registration cancellation was restored, requiring merits review without limitation-based rejection.
August 17, 2026   Case Laws GST
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collection rules.
August 17, 2026   Case Laws GST
Plastic twine classification as an other article of plastics places polypropylene and polyethylene sutli under the applicable GST rate.
August 17, 2026   Case Laws GST
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as reservation services.
August 17, 2026   Case Laws Income Tax
Bright Line Test cannot support transfer pricing adjustments for advertising, marketing and promotion expenses under the established legal position.
August 17, 2026   Case Laws Income Tax
Constitutional immunity for State-controlled conservation bodies prevents income-tax assessment and invalidates bank-account attachment for recovery.
August 17, 2026   Case Laws Income Tax
Reassessment after scrutiny fails where amended partnership deed and gold-pricing objections were not properly examined during original assessment.
August 17, 2026   Case Laws Income Tax
Direct nexus of borrowings to investments limits dividend-income interest deductions, while notional income on business security deposits is excluded.
August 17, 2026   Case Laws Income Tax
Goodwill depreciation and employee stock option reimbursement deductions sustained under consistent prior-year treatment and absent distinguishing facts.
August 17, 2026   Case Laws Income Tax
Duplicate substantive additions cannot survive where seized-ledger amounts were already taxed in the acknowledged owner's hands.
August 17, 2026   Case Laws Income Tax
Anonymous donations of registered trusts are taxed under the specific statutory regime, not as unexplained cash credits.
August 17, 2026   Case Laws Income Tax
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking methods.
August 17, 2026   Case Laws Income Tax
Profit attribution beyond arm's length remuneration applies where a dependent agency performs functions omitted from the transfer-pricing analysis.

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Income Tax

Addition u/s 68 - ITAT confirmed the additions - The High Court...

High Court Confirms Tribunal's Decision: Appellant Fails to Prove Genuineness of Gifts Under Income Tax Act Section 68.

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Income Tax May 7, 2024 Case Laws HC
Addition u/s 68 - ITAT confirmed the additions - The High Court upheld the Tribunal's decision, affirming the dismissal of the appeal. It concurred with the Tribunal's analysis, emphasizing that the assessment of income tax is a civil proceeding, wherein the test of preponderance of probability is applicable. The Court agreed that the explanation provided by the appellant regarding the gifts lacked sufficient evidence of genuineness. It noted the absence of any disclosed basis or relationship for the gifts, reinforcing the Tribunal's decision.
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Acts Income Tax
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