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    January 16, 2026   Notifications Customs
    Designation of Bhogapuram as customs airport site authorizing unloading of imports and loading of exports under Notification No.61/94
    January 16, 2026   Circulars Customs
    De-notification of Customs Area and termination of Container Freight Station custodian and Customs Cargo Service Provider authority effective 07-01-20...
    January 16, 2026   Circulars Customs
    Sea cargo manifest and transshipment: SEZ units to onboard via API by 31 March 2026; electronic filings mandatory thereafter
    January 16, 2026   Circulars Customs
    International courier consignments clearance rules and excluded goods, with duty classification and compliance consequences for delays
    January 16, 2026   Case Laws GST
    Appellate enhancement of petitioner's taxable turnover without prior notice set aside and remitted for fresh hearing
    January 16, 2026   Case Laws GST
    Consolidation of short-paid GST across tax periods in Section 74 show-cause notice held ultravires; notice quashed
    January 16, 2026   Case Laws GST
    GST debit-note reporting mismatch causing ITC discrepancy due to GSTR-1 misclassification; portal must allow rectification and reopen filings
    January 16, 2026   Case Laws GST
    Parallel adjudication by Central and State tax authorities u/s 6(2)(b) CGST barred once one authority initiates proceedings
    January 16, 2026   Case Laws GST
    Composite intimation and single DRC-01 show-cause notice across different financial years held impermissible; notices quashed
    January 16, 2026   Case Laws GST
    Refund recovery timelines u/s 56/Rule 94 considered; revision seeking relief dismissed for failure to show non-consideration
    January 16, 2026   Case Laws Income Tax
    Adjustment of 2023-24 tax refund against 2022-23 demand without s.245 higher-payment reference - only 20% set off, balance paid
    January 16, 2026   Case Laws Income Tax
    Recovery of tax without service of the assessment order deemed unlawful; refund with interest unless assessment served by deadline.
    January 16, 2026   Case Laws Income Tax
    Ledger entries showing expenditure and TDS undermine foundation for Section 153C notice; petitioner given chance to object
    January 16, 2026   Case Laws Income Tax
    Advertising expenditure classification as revenue (not capital) - held deductible; capital treatment set aside on appeal
    January 16, 2026   Case Laws Income Tax
    AMP expenditure as operating cost in related-party transfer pricing; remanded to include AMP, adjust interest benchmark and seminar deductions
    January 16, 2026   Case Laws Income Tax
    Disallowance u/s40(a)(i) for non-resident payments found discriminatory under Article 26(3) DTAA; s.263 revision set aside
    January 16, 2026   Case Laws Income Tax
    Unexplained on-money and deemed rent under s.23(5): on-money additions deleted while deemed rent addition sustained.
    January 16, 2026   Case Laws Income Tax
    Charitable-object qualification of assessee's activities u/s2(15) and tax exemption of interest and corpus donations upheld
    January 16, 2026   Case Laws Income Tax
    Unexplained cash deposits during demonetisation treated as household savings; s.69A additions deleted, 10% addition sustained, no s.115BBE
    January 16, 2026   Case Laws Income Tax
    Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, ...
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January 16, 2026   Notifications Customs
Designation of Bhogapuram as customs airport site authorizing unloading of imports and loading of exports under Notification No.61/94
January 16, 2026   Circulars Customs
De-notification of Customs Area and termination of Container Freight Station custodian and Customs Cargo Service Provider authority effective 07-01-2026
January 16, 2026   Circulars Customs
Sea cargo manifest and transshipment: SEZ units to onboard via API by 31 March 2026; electronic filings mandatory thereafter
January 16, 2026   Circulars Customs
International courier consignments clearance rules and excluded goods, with duty classification and compliance consequences for delays
January 16, 2026   Case Laws GST
Appellate enhancement of petitioner's taxable turnover without prior notice set aside and remitted for fresh hearing
January 16, 2026   Case Laws GST
Consolidation of short-paid GST across tax periods in Section 74 show-cause notice held ultravires; notice quashed
January 16, 2026   Case Laws GST
GST debit-note reporting mismatch causing ITC discrepancy due to GSTR-1 misclassification; portal must allow rectification and reopen filings
January 16, 2026   Case Laws GST
Parallel adjudication by Central and State tax authorities u/s 6(2)(b) CGST barred once one authority initiates proceedings
January 16, 2026   Case Laws GST
Composite intimation and single DRC-01 show-cause notice across different financial years held impermissible; notices quashed
January 16, 2026   Case Laws GST
Refund recovery timelines u/s 56/Rule 94 considered; revision seeking relief dismissed for failure to show non-consideration
January 16, 2026   Case Laws Income Tax
Adjustment of 2023-24 tax refund against 2022-23 demand without s.245 higher-payment reference - only 20% set off, balance paid
January 16, 2026   Case Laws Income Tax
Recovery of tax without service of the assessment order deemed unlawful; refund with interest unless assessment served by deadline.
January 16, 2026   Case Laws Income Tax
Ledger entries showing expenditure and TDS undermine foundation for Section 153C notice; petitioner given chance to object
January 16, 2026   Case Laws Income Tax
Advertising expenditure classification as revenue (not capital) - held deductible; capital treatment set aside on appeal
January 16, 2026   Case Laws Income Tax
AMP expenditure as operating cost in related-party transfer pricing; remanded to include AMP, adjust interest benchmark and seminar deductions
January 16, 2026   Case Laws Income Tax
Disallowance u/s40(a)(i) for non-resident payments found discriminatory under Article 26(3) DTAA; s.263 revision set aside
January 16, 2026   Case Laws Income Tax
Unexplained on-money and deemed rent under s.23(5): on-money additions deleted while deemed rent addition sustained.
January 16, 2026   Case Laws Income Tax
Charitable-object qualification of assessee's activities u/s2(15) and tax exemption of interest and corpus donations upheld
January 16, 2026   Case Laws Income Tax
Unexplained cash deposits during demonetisation treated as household savings; s.69A additions deleted, 10% addition sustained, no s.115BBE
January 16, 2026   Case Laws Income Tax
Transition support services from corporate spinoff for India business segment - TP adjustment deleted; comparables reassessed; goodwill depreciation, bad debts sustained

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Income Tax

The note addresses taxation and deduction treatment of income...

Carbon credit definition limits concessional tax; RECs are distinct and not eligible for concessional rate or generation deduction.

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Income Tax March 10, 2026 Case Laws AT
The note addresses taxation and deduction treatment of income from sale of Renewable Energy Certificates (RECs). It applies strict statutory construction to deny concessional tax treatment available only for transfers of 'carbon credits' as expressly defined (UNFCCC-validated one tonne CO2 equivalent reductions); RECs, being one MWh renewable generation certificates issued under electricity law, do not meet that definition, so concessional treatment does not apply. Separately, the deduction framework for profits "derived from" power generation requires a direct, first degree nexus with electricity generation; REC receipts are tradable environmental attributes and lack that primary nexus, so they do not qualify for the generation deduction.
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