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    September 2, 2026   Case Laws IBC
    IBC moratorium does not shield directors or authorised signatories from cheque-dishonour prosecution for pre-moratorium acts.
    September 2, 2026   Case Laws IBC
    Resolution-plan finality extinguishes unsubmitted statutory dues and prevents recovery of pre-approval electricity-duty and mining demands.
    September 2, 2026   Case Laws Money Laundering
    Substitution of attached property by fixed deposit remains discretionary, while statutory PMLA appeals ordinarily preclude writ intervention.
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    September 2, 2026   Case Laws Money Laundering
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    September 2, 2026   Case Laws Central Excise
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    September 1, 2026   Circulars DGFT
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    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
    Arrest safeguards under the CGST Act support regular bail where recorded reasons and statutory thresholds are absent.
    September 1, 2026   Case Laws GST
    Rule 86A credit restrictions require recorded written reasons; non-compliant ledger blocking may trigger compensation liability.
    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
    Fresh adjudication on contractual material requires reconsideration of service-tax demand and exemption claim after a hearing.
    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
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    September 1, 2026   Case Laws GST
    Incorrect GST head payment: clerical IGST remittance can be adjusted against CGST and SGST without interest or penalty.
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September 2, 2026   Case Laws IBC
IBC moratorium does not shield directors or authorised signatories from cheque-dishonour prosecution for pre-moratorium acts.
September 2, 2026   Case Laws IBC
Resolution-plan finality extinguishes unsubmitted statutory dues and prevents recovery of pre-approval electricity-duty and mining demands.
September 2, 2026   Case Laws Money Laundering
Substitution of attached property by fixed deposit remains discretionary, while statutory PMLA appeals ordinarily preclude writ intervention.
September 2, 2026   Case Laws Money Laundering
Attachment of proceeds of crime can reach equivalent-value property, pre-offence assets, and property held by persons outside the predicate offence.
September 2, 2026   Case Laws Money Laundering
Provisional attachment of officials' properties sustained where evidence linked them to diverted proceeds of unlawful investment schemes.
September 2, 2026   Case Laws Service Tax
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on remand.
September 2, 2026   Case Laws Central Excise
Excise assessment at removal protects PDS kerosene from duty claims on post-clearance pipeline interface formation.
September 2, 2026   Case Laws Indian Laws
Unauthorised occupation status cannot arise solely from unresolved lease transfer and prior dues after a secured creditor auction.
September 1, 2026   Circulars DGFT
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applications.
September 1, 2026   Case Laws GST
Statutory GST appellate limitation cannot ordinarily be bypassed through writ jurisdiction after it has expired following unexplained delay.
September 1, 2026   Case Laws GST
Omitted export-refund restriction cannot govern pending integrated-tax refund proceedings without an express saving or sunset clause.
September 1, 2026   Case Laws GST
Arrest safeguards under the CGST Act support regular bail where recorded reasons and statutory thresholds are absent.
September 1, 2026   Case Laws GST
Rule 86A credit restrictions require recorded written reasons; non-compliant ledger blocking may trigger compensation liability.
September 1, 2026   Case Laws GST
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationships.
September 1, 2026   Case Laws GST
Consolidated show-cause notices may cover multiple years, but appellate authorities must provide a meaningful hearing on merits.
September 1, 2026   Case Laws GST
Statutory appellate remedy bars delayed writ challenge to GST registration cancellation absent exceptional circumstances, preserving fresh registration options.
September 1, 2026   Case Laws GST
Fresh adjudication on contractual material requires reconsideration of service-tax demand and exemption claim after a hearing.
September 1, 2026   Case Laws GST
Parallel GST proceedings on identical issues were invalid after Central GST adjudication for the same assessment period.
September 1, 2026   Case Laws GST
Premature tax assessment before the annual-return deadline is invalid, requiring fresh proceedings with notice and hearing.
September 1, 2026   Case Laws GST
Incorrect GST head payment: clerical IGST remittance can be adjusted against CGST and SGST without interest or penalty.

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Income Tax

The ITAT upheld the exclusion of Cybage Software P. Ltd. and...

ITAT Rules on Comparable Companies and Working Capital Adjustments Under Transfer Pricing Rules Section 92C

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Income Tax July 25, 2025 Case Laws AT
The ITAT upheld the exclusion of Cybage Software P. Ltd. and Nihilent Ltd. from the final list of comparables due to lack of segmental revenue data and extraordinary acquisition events, respectively. Sagarsoft (India) Ltd.'s claim as a comparable was rejected based on absence of product development and insufficient evidence of on-site services. Conversely, R Systems Ltd. and Infomile Technologies Ltd. were directed to be included as comparables, the former despite differing financial year-ends and the latter due to functional similarity in software development services. Regarding adjustments for outstanding receivables, the AO/TPO was instructed to verify whether working capital adjustments already account for credit periods, and if so, no separate adjustment for interest on delayed receivables is warranted.
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Acts Income Tax
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