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    February 4, 2026   Case Laws IBC
    Provident Fund assessment claims during moratorium barred; resolution plan allowed lower payout and appeal dismissed
    February 4, 2026   Case Laws FEMA
    Extension of Customs Act to EEZ exports and FEMA compliance affirmed; contravention found but penalties reduced on proportionality grounds.
    February 4, 2026   Case Laws FEMA
    Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
    February 4, 2026   Case Laws Money Laundering
    Transfer of criminal cases between Special Courts: accused may seek transfer under BNSS Section 447; High Court allowed consolidation.
    February 4, 2026   Case Laws Money Laundering
    Anticipatory bail under PMLA denied where twintest failed and custodial interrogation deemed necessary to protect investigation.
    February 4, 2026   Case Laws Central Excise
    Refund of excise duty and interest on delayed refunds; interest limited to 6% under statutory refund rules, 12% disallowed
    February 4, 2026   Case Laws Indian Laws
    Arbitrability of fraudtainted arbitration agreements: forged agreement allegation prevents arbitration; courts may refuse reference and appointment.
    February 4, 2026   Case Laws Indian Laws
    Dishonour of cheque and vicarious liability of company officer: conviction upheld after proof of issuance, dishonour and notice.
    February 3, 2026   Circulars Customs
    Baggage Rules 2026 require electronic customs declarations, set dutyfree and jewellery allowances, and prescribe temporary import/export certificates.
    February 3, 2026   Circulars Customs
    eScheduling and Body Worn Cameras for import cargo examinations mandated, recordings retained and system rolled out by April 1, 2026.
    February 3, 2026   Circulars Customs
    Deferred payment of import duty extended to 30 days and Eligible Manufacturer Importer class added; effective measures and dates specified.
    February 3, 2026   Circulars Customs
    Automation of customs import/export processes: auto goods registration, auto clearance, and eseal export pilot to speed trade.
    February 3, 2026   Circulars Customs
    RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
    February 3, 2026   Circulars Customs
    Customs, Central Excise and GST changes in Union Budget 2026: duty revisions, exemptions and procedural reforms implemented
    February 3, 2026   Case Laws GST
    Electronic assessment order validity and reference number as authentication; unexplained delay bars challenge and leads to dismissal
    February 3, 2026   Case Laws GST
    Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
    February 3, 2026   Case Laws GST
    Payment of admitted tax liabilities: court grants four weeks to pay; writ disposed after payment direction.
    February 3, 2026   Case Laws GST
    Interim security deposit in tax dispute ordered to protect revenue; Rs25L due in 30 days or petition treated as dismissed.
    February 3, 2026   Case Laws GST
    Judicial review of audit report orders fresh merit decision within three months; defects found insufficient to confirm demand.
    February 3, 2026   Case Laws GST
    Liability of legal representative under GST: determination against a deceased proprietor quashed for failure to notice the legal representative
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February 4, 2026   Case Laws IBC
Provident Fund assessment claims during moratorium barred; resolution plan allowed lower payout and appeal dismissed
February 4, 2026   Case Laws FEMA
Extension of Customs Act to EEZ exports and FEMA compliance affirmed; contravention found but penalties reduced on proportionality grounds.
February 4, 2026   Case Laws FEMA
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportionality.
February 4, 2026   Case Laws Money Laundering
Transfer of criminal cases between Special Courts: accused may seek transfer under BNSS Section 447; High Court allowed consolidation.
February 4, 2026   Case Laws Money Laundering
Anticipatory bail under PMLA denied where twintest failed and custodial interrogation deemed necessary to protect investigation.
February 4, 2026   Case Laws Central Excise
Refund of excise duty and interest on delayed refunds; interest limited to 6% under statutory refund rules, 12% disallowed
February 4, 2026   Case Laws Indian Laws
Arbitrability of fraudtainted arbitration agreements: forged agreement allegation prevents arbitration; courts may refuse reference and appointment.
February 4, 2026   Case Laws Indian Laws
Dishonour of cheque and vicarious liability of company officer: conviction upheld after proof of issuance, dishonour and notice.
February 3, 2026   Circulars Customs
Baggage Rules 2026 require electronic customs declarations, set dutyfree and jewellery allowances, and prescribe temporary import/export certificates.
February 3, 2026   Circulars Customs
eScheduling and Body Worn Cameras for import cargo examinations mandated, recordings retained and system rolled out by April 1, 2026.
February 3, 2026   Circulars Customs
Deferred payment of import duty extended to 30 days and Eligible Manufacturer Importer class added; effective measures and dates specified.
February 3, 2026   Circulars Customs
Automation of customs import/export processes: auto goods registration, auto clearance, and eseal export pilot to speed trade.
February 3, 2026   Circulars Customs
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary certificate.
February 3, 2026   Circulars Customs
Customs, Central Excise and GST changes in Union Budget 2026: duty revisions, exemptions and procedural reforms implemented
February 3, 2026   Case Laws GST
Electronic assessment order validity and reference number as authentication; unexplained delay bars challenge and leads to dismissal
February 3, 2026   Case Laws GST
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities.
February 3, 2026   Case Laws GST
Payment of admitted tax liabilities: court grants four weeks to pay; writ disposed after payment direction.
February 3, 2026   Case Laws GST
Interim security deposit in tax dispute ordered to protect revenue; Rs25L due in 30 days or petition treated as dismissed.
February 3, 2026   Case Laws GST
Judicial review of audit report orders fresh merit decision within three months; defects found insufficient to confirm demand.
February 3, 2026   Case Laws GST
Liability of legal representative under GST: determination against a deceased proprietor quashed for failure to notice the legal representative

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Income Tax

For valid reassessment the assessing officer must record a...

Reopening of assessment requires objective material with a live nexus to escapement; mere borrowed information or fund rotation is insufficient.

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Income Tax March 18, 2026 Case Laws AT
For valid reassessment the assessing officer must record a belief based on objective, specific and reliable material that has a live nexus to escapement of income; reliance on unverified information from an investigation unit or on borrowed satisfaction reduces belief to mere suspicion and invalidates reopening. Independent application of mind and preliminary enquiries are required before issuing notices under reassessment provisions. Separately, mere inter company fund rotations and receipt of share application money do not automatically constitute taxable income or unexplained credits where documentary support (investors' financials, ITRs, bank statements, confirmations) shows capital receipts; treating such transactions as unexplained under the unexplained credit principle is unsustainable.
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