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PMLA provisional attachment of an NBFC's bank balance requires material establishing that the property constitutes proceeds of crime connected with a scheduled offence. FIR allegations alone were insufficient where final chargesheets did not arraign the NBFC or its lending application, and no material showed that an unauthorised fintech operated under its licence or that the NBFC received identified criminal proceeds. Legitimate lending income and an outstanding contractual loan cannot be characterised as proceeds of crime without supporting evidence. As no nexus was identified between the attached balance and criminal proceeds, confirmation of the attachment was set aside.
Tax classification of GRD Powder and GRD Mix depends on the goods' identity and physical form at the time of supply, not on their subsequent use after mixing with milk or water. Strict construction of taxing statutes requires classification at the taxable event; a purchaser's use cannot convert a powder or biscuit-form product into a beverage. The entry for non-alcoholic drinks and beverages, read ejusdem generis with syrups, cordials, distilled juices, ark and essences, covers liquids or liquid preparations. GRD Powder and GRD Mix therefore fall under the residuary entry rather than the specific entry for non-alcoholic drinks and beverages.
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Retrospective pay-scale fixation for Customs and Central Excise officers - Equal treatment of similarly situated employees - Judgments in rem in service pay claims - Delay and laches in recurring pay claims Delay and laches in recurring pay claims - Limitation of the applicants' claim for retrospective fixation of enhanced pay scales - HELD THAT: - The Tribunal found that, following prolonged litigation, the Special Anomaly Committee's report became available only in 2023 and the appl... ... ...
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Anticipatory bail despite proclamation under Section 82 Cr.P.C. - Grant of anticipatory bail to the mother-in-law accused of offences arising from the death of her daughter-in-law despite a proclamation u/s 82 Cr.P.C HELD THAT: - A declaration under Section 82 Cr.P.C. does not impose a total embargo on considering anticipatory bail. The entitlement must be assessed with reference to the circumstances of the case, the nature of the offence and the background in which the proclamation was issue... ... ...
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Provisional release of imported goods - import and local sale of food products, including areca nuts - Verification of Country of Origin - Protection of revenue pending preferential tariff verification. HELD THAT:- The writ petition was disposed of as having become infructuous; the connected miscellaneous petition was closed, with no order as to costs.... ... ...
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Validity of reassessment notice for want of valid sanction under section 151 Validity of the reassessment notice where the approval produced did not bear the digital or physical signature of the competent authority - HELD THAT: - The approval placed on record did not disclose a digital or physical signature of the Principal Commissioner. Despite a specific direction, the Revenue did not produce a duly signed approval. Valid sanction under section 151 was therefore not established. [Paras 4] ... ... ...
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Unexplained cash credit - share capital and share premium - Share subscription - identity, creditworthiness and genuineness Addition for unexplained share capital and share premium, where evidence of the share subscribers' identity, creditworthiness and the genuineness of the transactions was on record - HELD THAT: - The Court found that the relevant materials were available on the records of the Assessing Officer and the CIT, and that no question could be raised regarding the genuineness... ... ...
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Reassessment proceedings - opportunity to explain cash deposits and substantiate co-operative society exemption claim HELD THAT: - Though the assessment was completed on the material available owing to the petitioner's non-participation, the Court considered it appropriate, having regard to the nature of its activities and its stated ability to explain that the deposits were farmers' deposits and to establish the claimed exemption, to restore the matter to the stage of reply to the no... ... ...
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Pre-decisional hearing before blocking electronic credit ledger - Independent reasons to believe for blocking electronic credit ledger - Borrowed satisfaction Validity of orders blocking the petitioners' electronic credit ledgers on the assertion that input tax credit had been availed on fake invoices, without a pre-decisional hearing or independent reasons to believe - HELD THAT: - The power to block an electronic credit ledger requires a pre-decisional hearing and the competent officer&... ... ...
Circular No. Order No. 1/2026 Dated:- 5-10-2026 Order-Instruction Dated:- 5-10-2026 Order-Instructio...
Identified pending Central Excise and Service Tax appeals filed on or after 1 July 2017, concerning acts or omissions preceding GST, are reassigned in partial modification of the prior allocation. The specified matters are divided between the Commissioner, Kolkata Appeal-II Commissionerate and the Commissioner, Howrah Commissionerate. Each recipient officer is assigned the relevant matters for passing Orders-in-Appeal under the applicable Central Excise or Service Tax appellate provision.
News and Press Release
Dated:- 6-10-2026
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
Notification No. 4/2021-State Tax Dated:- 28-2-2021 Arunachal Pradesh SGST
Annual return filing deadline under the Arunachal Pradesh Goods and Services Tax framework is extended by substituting 31 March 2021 for 28 February 2021 in the earlier State Tax notification. The amendment is issued under the annual return provision read with the prescribed return-filing rule.
Notification No. 2/2021-State Tax Dated:- 12-1-2021 Arunachal Pradesh SGST
Table I is amended to revise the designated appellate officers for items 7.4.2 and 14.4.1. Table III inserts jurisdictional notes assigning Commissioner (Appeals I) Delhi jurisdiction over Delhi I and Delhi II for items 7.4.1 and 7.4.2, and Commissioner (Appeals II) Mumbai jurisdiction over Mumbai I and Mumbai II for items 14.4.1 and 14.4.2. The changes clarify territorial allocation of appellate functions.
Notification No. 1/2021-State Tax Dated:- 1-1-2021 Arunachal Pradesh SGST
Rule 59 is amended to restrict furnishing outward-supply details where required FORM GSTR-3B returns remain unfurnished. Registered persons cannot furnish FORM GSTR-1 after non-filing for the preceding two months. Quarterly return filers cannot furnish FORM GSTR-1 or use the invoice furnishing facility after non-filing for the preceding tax period. The restriction also applies to persons subject to electronic credit ledger utilisation restrictions who have not furnished FORM GSTR-3B for the preceding tax period.
Notification No. S.O. 741(E) Dated:- 7-2-2025 Information Technology
Computer resources supporting UCO Bank's Core Banking Solution, Real Time Gross Settlement and Unified Payments Interface Switch, including associated dependencies, are declared protected systems as Critical Information Infrastructure. Access is limited to authorised UCO Bank employees, authorised managed service provider or third-party vendor personnel requiring need-based access, and consultants, regulators, government officials, auditors and stakeholders authorised on a case-to-case basis. The declaration takes effect upon publication in the Official Gazette.
Notification No. G.S.R. 708(E) Dated:- 3-9-2003 Information Technology
Procedure for blocking websites is partially modified by deleting the Secretary, National Security Council Secretariat from paragraph 2(i) of G.S.R. 181(E). The remaining blocking procedure is unaffected by this limited amendment.
Reassessment beyond four years fails without proven nondisclosure, while delayed reopening sanctions require a prior fair hearing.
Reassessment beyond four years requires material that rationally links escaped income to the assessee's failure to make a full and true disclosure of material facts. Revised or subsequently obtained departmental valuation reports do not justify reopening where they identify no earlier suppression or nondisclosure; such reopening is invalid. Sanction for delayed reopening, although not expressly subject to a hearing requirement, carries adverse civil consequences and requires prior observance of natural justice. The assessee must receive a fair opportunity to place relevant material before the sanctioning authority, failing which the sanction is invalid and completed assessments retain finality.
Notification No. G.S.R. 627(E) Dated:- 7-7-2026 Information Technology
Officers and employees of the Indian Computer Emergency Response Team, excluding the Director General, receive pay, allowances, house-rent allowance, travel benefits and other service benefits corresponding to Central Government employees in the relevant grade or pay level. National Pension System and gratuity provisions apply subject to the stated exclusions for earlier schemes and deputation. Deputed personnel retain applicable parent-organisation retirement arrangements. Leave, leave encashment and leave-travel concession follow Central Civil Service entitlements, while conduct and disciplinary matters are governed by the applicable civil service framework.
2026 (7) TMI 1337 - MADRAS HIGH COURT HC
Refund of accumulated unutilised ITC under an inverted-duty structure depends on a causal link between higher-taxed input goods and lower-taxed output supplies. The test is not restricted to the principal raw material; higher-rated component inputs may support a claim despite parity between the principal input and output. Refund remains confined to credit on input goods, excluding input services and capital goods. Rule 89(5) separately determines the maximum refundable amount through its turnover-based formula, subject to statutory exclusions and prescribed filing and verification requirements.
2026 (7) TMI 1769 - JAMMU AND KASHMIR AND LADAKH HIGH COURT HC
Section 129(3) imposes two mandatory sequential deadlines: a penalty notice must be issued within seven days of detention or seizure, and the penalty order must follow within seven days of service of that notice. The service date, rather than reply, valuation or intervening events, controls the latter period. Administrative difficulty cannot extend either deadline. The framework also requires a hearing, while inspection reporting timelines and administrative forms remain distinct and cannot dilute the statutory time limits.