Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Union Budget 2026 proposes comprehensive amendments to customs, central excise and GST law: numerous tariff rate adjustments and duty exemptions are restructured or incorporated into the First Schedule (operative effect: many changes from 2 Feb 2026, and tariffisation effective 1 May 2026), several conditional and unconditional exemptions are extended, lapsed or sunset clauses prescribed (operative effect: specified entries lapse on 31 Mar 2026 or extend to 31 Mar 2028), procedural reforms include deferred duty payment monthly, consolidated baggage regulations, and advance ruling validity extended to five years (operative effect: altered compliance timelines and longer predictability for advance rulings). Central excise NCCD and valuation rules for blended CNG are also amended (operative effect: revised computation and deferred levy timings).
Union Budget 2026 proposes comprehensive amendments to customs, central excise and GST law: numerous tariff rate adjustments and duty exemptions are restructured or incorporated into the First Schedule (operative effect: many changes from 2 Feb 2026, and tariffisation effective 1 May 2026), several conditional and unconditional exemptions are extended, lapsed or sunset clauses prescribed (operative effect: specified entries lapse on 31 Mar 2026 or extend to 31 Mar 2028), procedural reforms include deferred duty payment monthly, consolidated baggage regulations, and advance ruling validity extended to five years (operative effect: altered compliance timelines and longer predictability for advance rulings). Central excise NCCD and valuation rules for blended CNG are also amended (operative effect: revised computation and deferred levy timings).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
