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    March 21, 2026   Notifications Income Tax
    Fair market value and income attribution rules set methodology for valuation, transfer pricing and taxation of cross-border transfers.
    March 21, 2026   Notifications DGFT
    Export Credit Support enables RELIEF: enhanced ECGC cover and partial reimbursement for extraordinary freight and insurance surcharges.
    March 21, 2026   Notifications Customs
    Tariff value fixation updated for specified edible oils, brass scrap, gold, silver and areca nut, effective March 20, 2026.
    March 21, 2026   Case Laws Customs
    Maintainability under the second proviso: Tribunal refused appeals where penalty fell below the monetary threshold, appeals dismissed.
    March 21, 2026   Case Laws GST
    Statutory limitation for refund claims under Section 54: Article 226 permits condonation if corresponding time extensions are granted.
    March 21, 2026   Case Laws GST
    Clubbing of Tax Periods invalid: consolidated anti evasion notices quashed; reissue must follow year wise limitation and procedure.
    March 21, 2026   Case Laws GST
    Time limit for refund scrutiny bars post period deficiency memos, requiring sanction of the refund with statutory interest.
    March 21, 2026   Case Laws GST
    Sale value per piece determines GST rate: a pyjama set is one piece, per-piece pricing yields lower rate.
    March 21, 2026   Case Laws GST
    Condonation of delay: technical portal failure accepted as sufficient cause, enabling admission of appeal for merits.
    March 21, 2026   Case Laws Income Tax
    Seizure SOP breach during Model Code: consignments released to courier; ownership disputes to be adjudicated under statutory requisition procedure.
    March 21, 2026   Case Laws Income Tax
    Mandatory time limit under Section 144C(13) invalidates assessments made after the prescribed period, rendering draft demand unenforceable.
    March 21, 2026   Case Laws Income Tax
    Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
    March 21, 2026   Case Laws Income Tax
    Benefit to Specified Persons must be proven; higher margins alone do not show diversion and consistency prevails.
    March 21, 2026   Case Laws Income Tax
    Double taxation prevention: capital gains not re-taxed in earlier year if same consideration was already taxed later.
    March 21, 2026   Case Laws Income Tax
    Expense apportionment: matching recovery treated as business income negates disallowance, Tribunal deleted additions for power fuel and maintenance
    March 21, 2026   Case Laws Income Tax
    Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
    March 21, 2026   Case Laws Income Tax
    Transfer Pricing on intra-group steam: adjustment deleted; REC treated as capital receipts; enhanced deduction remitted for verification.
    March 21, 2026   Case Laws Income Tax
    Deemed nullity of income declaration permits addition as unexplained investment, but tax on that addition computed at 30% not 60%.
    March 21, 2026   Case Laws Income Tax
    Natural justice breach: denial of cross-examination on third-party seized material led to deletion of additions under s.69B.
    March 21, 2026   Case Laws Income Tax
    Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
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March 21, 2026   Notifications Income Tax
Fair market value and income attribution rules set methodology for valuation, transfer pricing and taxation of cross-border transfers.
March 21, 2026   Notifications DGFT
Export Credit Support enables RELIEF: enhanced ECGC cover and partial reimbursement for extraordinary freight and insurance surcharges.
March 21, 2026   Notifications Customs
Tariff value fixation updated for specified edible oils, brass scrap, gold, silver and areca nut, effective March 20, 2026.
March 21, 2026   Case Laws Customs
Maintainability under the second proviso: Tribunal refused appeals where penalty fell below the monetary threshold, appeals dismissed.
March 21, 2026   Case Laws GST
Statutory limitation for refund claims under Section 54: Article 226 permits condonation if corresponding time extensions are granted.
March 21, 2026   Case Laws GST
Clubbing of Tax Periods invalid: consolidated anti evasion notices quashed; reissue must follow year wise limitation and procedure.
March 21, 2026   Case Laws GST
Time limit for refund scrutiny bars post period deficiency memos, requiring sanction of the refund with statutory interest.
March 21, 2026   Case Laws GST
Sale value per piece determines GST rate: a pyjama set is one piece, per-piece pricing yields lower rate.
March 21, 2026   Case Laws GST
Condonation of delay: technical portal failure accepted as sufficient cause, enabling admission of appeal for merits.
March 21, 2026   Case Laws Income Tax
Seizure SOP breach during Model Code: consignments released to courier; ownership disputes to be adjudicated under statutory requisition procedure.
March 21, 2026   Case Laws Income Tax
Mandatory time limit under Section 144C(13) invalidates assessments made after the prescribed period, rendering draft demand unenforceable.
March 21, 2026   Case Laws Income Tax
Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as a valid return.
March 21, 2026   Case Laws Income Tax
Benefit to Specified Persons must be proven; higher margins alone do not show diversion and consistency prevails.
March 21, 2026   Case Laws Income Tax
Double taxation prevention: capital gains not re-taxed in earlier year if same consideration was already taxed later.
March 21, 2026   Case Laws Income Tax
Expense apportionment: matching recovery treated as business income negates disallowance, Tribunal deleted additions for power fuel and maintenance
March 21, 2026   Case Laws Income Tax
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh assessment.
March 21, 2026   Case Laws Income Tax
Transfer Pricing on intra-group steam: adjustment deleted; REC treated as capital receipts; enhanced deduction remitted for verification.
March 21, 2026   Case Laws Income Tax
Deemed nullity of income declaration permits addition as unexplained investment, but tax on that addition computed at 30% not 60%.
March 21, 2026   Case Laws Income Tax
Natural justice breach: denial of cross-examination on third-party seized material led to deletion of additions under s.69B.
March 21, 2026   Case Laws Income Tax
Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification.

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Income Tax

Primary issue was whether assets received under a scheme of...

Demerger assets and unregistered MOU ruled not deemed income and no TDS liability after valuation compliance.

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Income Tax January 15, 2026 Case Laws AT
Primary issue was whether assets received under a scheme of demerger attracted deemed income u/s 56(2)(x) because the demerger allegedly violated Section 2(19AA) and the swap ratio/valuation contravened Rule 11UA. Tribunal held Section 2(19AA)(iv) mandates proportionate share allotment only, Rule 11UA cannot be read into Section 2(19AA), the registered valuer's computation was reasonable and the scheme complied with Section 2(19AA) read with Section 47(vi); consequence: addition u/s 56(2)(x) deleted. Separately, payment under an unregistered MOU was not a "specified agreement" attracting TDS u/s 194IC; consequence: no TDS liability. - ITAT
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Acts Income Tax
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