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    March 30, 2026   Circulars Customs
    International transhipment eased for FCL and LCL cargo, with priority approvals, electronic coordination and temporary export cargo facilitation.
    March 30, 2026   Circulars Customs
    Self-sealing permission for exporters has no fixed validity period and continues until withdrawn, suspended, or cancelled.
    March 30, 2026   Case Laws GST
    Service of show cause notice is essential before ex parte adjudication; absence of proof of service vitiated the order.
    March 30, 2026   Case Laws GST
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    March 30, 2026   Case Laws GST
    Input tax credit dispute remanded after factual claim was confirmed and prior orders were set aside.
    March 30, 2026   Case Laws GST
    GST budgetary support turns on parity with similarly situated units; verification ordered before extending corresponding benefits.
    March 30, 2026   Case Laws GST
    Brand name exemption upheld where rights were foregone and extended limitation under Section 74 was unsustainable.
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    Sanctioned GST refund cannot be withheld for administrative delay; balance refund and applicable interest must be paid.
    March 30, 2026   Case Laws Income Tax
    Penalty under section 270A fails where the exact charge of under-reporting or misreporting is not clearly specified.
    March 30, 2026   Case Laws Income Tax
    TDS on co-owned property transfers requires no aggregation where each co-owner's share stays below the threshold.
    March 30, 2026   Case Laws Income Tax
    Faceless reassessment remains valid where section 143(2) notice is issued competently, but merit additions were remanded for fresh verification.
    March 30, 2026   Case Laws Income Tax
    Shared service cost allocation is deductible where business nexus and reasonable allocation are shown, not one-to-one expense tracing.
    March 30, 2026   Case Laws Income Tax
    Dividend distribution tax refund denied where DTAA was inapplicable and no return of income supported the claim.
    March 30, 2026   Case Laws Income Tax
    Penalty under section 271D deleted where sale deed was validly executed through a subsisting GPA before cancellation.
    March 30, 2026   Case Laws Customs
    Classification of rutile ore as ore, not concentrate, defeated duty denial, extended limitation, confiscation and penalty.
    March 30, 2026   Case Laws Customs
    Sole or principal use test upheld for automotive bearing assemblies; classification under motor vehicle parts sustained and penalties set aside.
    March 30, 2026   Case Laws Customs
    Importer status and misdeclaration not proved, but facilitation of improper clearance justified penalties under customs law.
    March 30, 2026   Case Laws Customs
    OLED display module classification: AMOLED assembly for mobile phones fell under tariff item 85249220, not residual parts classification.
    March 30, 2026   Case Laws IBC
    CIRP moratorium bars unilateral appropriation of pre-CIRP security deposits; insolvency claims must follow the resolution process.
    March 30, 2026   Case Laws IBC
    Terminated concession agreement cannot be revived through a resolution plan; parties may still pursue conciliation or arbitration.
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March 30, 2026   Circulars Customs
International transhipment eased for FCL and LCL cargo, with priority approvals, electronic coordination and temporary export cargo facilitation.
March 30, 2026   Circulars Customs
Self-sealing permission for exporters has no fixed validity period and continues until withdrawn, suspended, or cancelled.
March 30, 2026   Case Laws GST
Service of show cause notice is essential before ex parte adjudication; absence of proof of service vitiated the order.
March 30, 2026   Case Laws GST
GST offences below the statutory threshold are non-cognizable and bailable, defeating anticipatory bail on arrest apprehension.
March 30, 2026   Case Laws GST
Input tax credit dispute remanded after factual claim was confirmed and prior orders were set aside.
March 30, 2026   Case Laws GST
GST budgetary support turns on parity with similarly situated units; verification ordered before extending corresponding benefits.
March 30, 2026   Case Laws GST
Brand name exemption upheld where rights were foregone and extended limitation under Section 74 was unsustainable.
March 30, 2026   Case Laws GST
Sanctioned GST refund cannot be withheld for administrative delay; balance refund and applicable interest must be paid.
March 30, 2026   Case Laws Income Tax
Penalty under section 270A fails where the exact charge of under-reporting or misreporting is not clearly specified.
March 30, 2026   Case Laws Income Tax
TDS on co-owned property transfers requires no aggregation where each co-owner's share stays below the threshold.
March 30, 2026   Case Laws Income Tax
Faceless reassessment remains valid where section 143(2) notice is issued competently, but merit additions were remanded for fresh verification.
March 30, 2026   Case Laws Income Tax
Shared service cost allocation is deductible where business nexus and reasonable allocation are shown, not one-to-one expense tracing.
March 30, 2026   Case Laws Income Tax
Dividend distribution tax refund denied where DTAA was inapplicable and no return of income supported the claim.
March 30, 2026   Case Laws Income Tax
Penalty under section 271D deleted where sale deed was validly executed through a subsisting GPA before cancellation.
March 30, 2026   Case Laws Customs
Classification of rutile ore as ore, not concentrate, defeated duty denial, extended limitation, confiscation and penalty.
March 30, 2026   Case Laws Customs
Sole or principal use test upheld for automotive bearing assemblies; classification under motor vehicle parts sustained and penalties set aside.
March 30, 2026   Case Laws Customs
Importer status and misdeclaration not proved, but facilitation of improper clearance justified penalties under customs law.
March 30, 2026   Case Laws Customs
OLED display module classification: AMOLED assembly for mobile phones fell under tariff item 85249220, not residual parts classification.
March 30, 2026   Case Laws IBC
CIRP moratorium bars unilateral appropriation of pre-CIRP security deposits; insolvency claims must follow the resolution process.
March 30, 2026   Case Laws IBC
Terminated concession agreement cannot be revived through a resolution plan; parties may still pursue conciliation or arbitration.

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Income Tax

In transfer pricing benchmarking for captive software support...

Transfer pricing comparables excluded for captive software and ITES services due to functional dissimilarity and intangibles.

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Income Tax May 12, 2026 Case Laws AT
In transfer pricing benchmarking for captive software support and ITES services, companies with significant intangibles, brand value, patents, R&D functions, product-based operations, diversified activities or extraordinary events were found functionally dissimilar and excluded as comparables. Infosys Technologies Ltd., Wipro Ltd., Kals Information Systems Ltd., Celestial Labs Ltd., Avani Cimcon Technologies Ltd., E-Zest Solutions Ltd., Mold-Tek Technologies Ltd., Accentia Technologies Ltd., Eclerx Services Ltd., Infosys BPO Ltd., HCL Comnet System & Services Ltd., Acropetal Technologies Ltd., Genesys International Corporation Ltd. and Datamatics Financial Services Ltd. were excluded. Tata Elxsi Ltd. and Persistent Systems Private Ltd. were remitted for fresh consideration because no specific examination had been made. Coral Hub Ltd. remained included as the objection was not pressed.
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Acts Income Tax
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