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March 10, 2026   Case Laws Indian Laws
Right to travel and personal liberty: LOCs require cognizable offence or tangible evasion risk; bank-principal requests unsustainable.
March 9, 2026   Circulars DGFT
Export Obligation Extension: EO and Block-wise EO automatically extended to 31.08.2026 for specified Advance and EPCG authorisations.
March 9, 2026   Circulars Customs
Return of export cargo procedures: permit berthing without SAM, require Shipping Bill cancellation and recover export incentives.
March 9, 2026   Case Laws GST
Advance payment as consideration triggers GST at receipt; corpus fund contributions are not eligible for the monthly maintenance exemption.
March 9, 2026   Case Laws GST
Input Tax Credit entitlement on input services and capital goods remains available despite margin scheme restriction, subject to statutory conditions.
March 9, 2026   Case Laws GST
GST exemption for local authority services: pure solid waste management to a Gram Panchayat is exempt where it fulfils Panchayat functions.
March 9, 2026   Case Laws GST
Consideration and Supply: corpus fund contributions are advances for future services and attract GST on receipt.
March 9, 2026   Case Laws GST
Jurisdictional limitation: advance rulings cannot determine refund quantification or sanction under inverted duty refunds, application inadmissible.
March 9, 2026   Case Laws Income Tax
Certificate under Section 197 operates for entire assessment year, preventing deductor being treated as assessee in default.
March 9, 2026   Case Laws Income Tax
Jurisdictional limitation: AO cannot use seized material obtained after set-aside to complete the regular assessment.
March 9, 2026   Case Laws Income Tax
Disallowance for exempt income adjustments reversed, with TDS, software, ESOP and TNMM comparability rulings affirmed accordingly.
March 9, 2026   Case Laws Income Tax
Goodwill Amortisation as Extraordinary Item: adjust PLI under TNMM on remand; penalty initiation found premature.
March 9, 2026   Case Laws Income Tax
Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for deduction.
March 9, 2026   Case Laws Income Tax
Sanction for Reassessment invalid when granted by an incompetent authority; resulting notices and reassessment quashed.
March 9, 2026   Case Laws Income Tax
Vague Show Cause Notice invalidated; penalty deleted because absence of specified notices denied a proper opportunity to be heard.
March 9, 2026   Case Laws Income Tax
Deemed date of search treated as notice date, making assessment for an earlier year time barred and quashed.
March 9, 2026   Case Laws Income Tax
Fourth Proviso to Section 153A: extended-period inquiry requires a reasonable, material-based satisfaction that escaped income likely exceeds the threshold.
March 9, 2026   Case Laws Income Tax
Limitation under Section 144C read with Section 153: final assessment quashed as time barred; revival possible after Supreme Court ruling.
March 9, 2026   Case Laws Income Tax
Deductibility of provision for standard assets upheld, revisional proceedings quashed and assessment restored in favour of the assessee.
March 9, 2026   Case Laws Income Tax
Limitation under section 144C: final assessment orders found time barred and quashed when read with section 153.

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Income Tax

A reassessment notice issued beyond three years from the end of...

Invalid reassessment sanction beyond three years vitiates notice and assessment where approval is taken from the wrong authority.

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Income Tax May 2, 2026 Case Laws AT
A reassessment notice issued beyond three years from the end of the relevant assessment year required prior approval from the higher authority specified under section 151(ii), not the Principal Commissioner. As the sanction was obtained from an incompetent authority, the approval was invalid and contrary to law. The Tribunal treated this defect as fatal and quashed both the reassessment notice and the consequential assessment order.
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Acts Income Tax
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