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February 12, 2026   Case Laws GST
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipients.
February 12, 2026   Case Laws GST
Paddle wheel aerator classification: remain under HSN 8479 for mechanical water agitation; concessional GST applies via rate notification
February 12, 2026   Case Laws GST
Government guarantee commission on bond issuances exempt from GST where State guarantees and commission is payable to the State government.
February 12, 2026   Case Laws GST
Composite supply of food and logistics services treated as a service, attracting 18% GST and permitting input tax credit.
February 12, 2026   Case Laws GST
Advance ruling for completed transactions: prospectivity bars AAR from deciding taxability or ITC after the deal is closed.
February 12, 2026   Case Laws GST
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable under RCM
February 12, 2026   Case Laws GST
GST on pre-packaged frozen shrimps: exports taxed at 5% when packaging meets Legal Metrology requirements
February 12, 2026   Case Laws Income Tax
Application under Section 119(2)(b) for condonation of delay in filing revised return remitted for fresh consideration under law
February 12, 2026   Case Laws GST
Export of pre-packaged frozen shrimp taxable under GST 5% if inner packaging printed and weight up to 25 kg.
February 12, 2026   Case Laws Income Tax
Faceless assessment jurisdiction: notices issued outside the e assessment scheme held invalid, relief granted to assessee
February 12, 2026   Case Laws Income Tax
Revaluation of closing stock methodology defended; addition by AO set aside, valuation held reasonable and unjustified.
February 12, 2026   Case Laws Income Tax
Deduction for cooperative credit society activities and related provisioning upheld; limited-scrutiny notice found valid and deductions ordered.
February 12, 2026   Case Laws Customs
Fe content in exported iron ore fines: load port tests prevail, FOB discharge tests irrelevant; revenue appeal dismissed, deposit refundable.
February 12, 2026   Case Laws IBC
Pre-existing dispute under IBC over contaminated supply via agents found plausible, Section 9 admission set aside and CIRP revoked.
February 12, 2026   Case Laws Income Tax
Interest on unsecured loans: tribunal rules Section 68 cannot be used to tax excess interest; addition deleted.
February 12, 2026   Case Laws Income Tax
Political donations and tax deduction dispute over genuineness of donations to a tainted party, outcome favours assessee and deduction upheld
February 12, 2026   Case Laws Income Tax
Faceless assessment verification failures in actuarial and foreign exchange adjustments lead to setting aside order and remand for fresh verification.
February 12, 2026   Case Laws Customs
Extension of time under Section 110(2) and validity of seizure challenged; writ relief refused pending adjudication and fact finding
February 12, 2026   Case Laws Customs
Courier registration revocation under 2010 Regulations: appeal under section 129A held not maintainable and dismissed.
February 12, 2026   Case Laws Customs
Authorization requirements for customs brokers and benami shipping bills: tribunal upholds licence revocation and penalties after COVID time limit found applicable

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Income Tax

Whether interest on enhanced compensation is taxable or exempt:...

Interest on enhanced compensation held taxable u/s56(2)(viii) read with s.145B(1); s.10(37) exemption denied, revision u/s263 upheld

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Income Tax January 20, 2026 Case Laws AT
Whether interest on enhanced compensation is taxable or exempt: Holding that plain language of s.56(2)(viii) read with s.145B(1) brings interest on enhanced compensation under "income from other sources," and s.10(37) covers only compensation (not interest); outcome-interest is exigible to tax and exemption claim fails. Whether revision u/s 263 was justified: PCIT found AO failed to make requisite statutory and judicial inquiries (including jurisdictional HC precedents), rendering the assessment erroneous and prejudicial; outcome-revision u/s 263 was valid and recomputation under s.56(2)(viii) r.w.s.145B(1) with s.57(iv) deduction affirmed. - ITAT
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