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Wed, 09 Sep 2026 18:45:03 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Central Government notifies an additional area of 2.708437 hectares, as a part of above Special Economic Zone, thereby making the total area of the Special Economic Zone as 5.412488 hectares at Plot No.CF7, Sector-22, Nava Raipur, Atal Nagar in the state of Chhattisgarh https://www.taxtmi.com/notifications?id=146873 https://www.taxtmi.com/notifications?id=146873 Wed, 09 Sep 2026 18:37:07 +0530 SEZ Notifications TaxLaws TaxTMI Central Government notifies an additional area of 1.14 hectares thereby making the total area of the Special Economic Zone as 12.10 hectares at Plot No.1, Industrial Park, Kurubarapalli, Krishnagiri District, Tamil Nadu https://www.taxtmi.com/notifications?id=146871 https://www.taxtmi.com/notifications?id=146871 Wed, 09 Sep 2026 18:37:07 +0530 SEZ Notifications TaxLaws TaxTMI Central Government de-notifies an area of 1.4310 hectares of the Special Economic Zone, thereby making the total area of the Special Economic Zone as 17.7681 hectares at Villages Rachenahalli, Nagavara and Tanisandra, District Bangalore, in the State of Karnataka https://www.taxtmi.com/notifications?id=146874 https://www.taxtmi.com/notifications?id=146874 Wed, 09 Sep 2026 18:37:07 +0530 SEZ Notifications TaxLaws TaxTMI SC sends back to SAT Vedanta-linked Cairn's Rs 5.25 crore SEBI penalty case https://www.taxtmi.com/news?id=74705 https://www.taxtmi.com/news?id=74705 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Central Government rescind the Notification Number S.O. 595(E) dated 17th April, 2007 https://www.taxtmi.com/notifications?id=146872 https://www.taxtmi.com/notifications?id=146872 Wed, 09 Sep 2026 18:37:07 +0530 SEZ Notifications TaxLaws TaxTMI Oil cos losing Rs 5 on petrol, Rs 23 a litre on diesel as oil prices cross USD 100-mark https://www.taxtmi.com/news?id=74704 https://www.taxtmi.com/news?id=74704 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Review of Position Limits for Clients and Penalty Provisions for Violation / Breach of Position Limits for Commodity Derivatives Segment https://www.taxtmi.com/circulars?id=71229 https://www.taxtmi.com/circulars?id=71229 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Circulars TaxTMI Yubi launches Pye, a multi-lender platform for retail borrowers, at Global Fintech Fest 2026 https://www.taxtmi.com/news?id=74703 https://www.taxtmi.com/news?id=74703 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Welcome Remarks by RBI Governor in the Inaugural Session of Global FinTech Fest 2026 on September 8, 2026 https://www.taxtmi.com/news?id=74702 https://www.taxtmi.com/news?id=74702 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Moowr registration regarding the query /forum/issue?id=121110 /forum/issue?id=121110 Wed, 09 Sep 2026 18:37:07 +0530 Customs Discussion-Forum TaxLaws TaxTMI Financial Intelligence Unit- India (FIU-IND) issues notices for non-compliance to 15 Virtual Digital Assets Service providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act (PML) Act, 2002 https://www.taxtmi.com/news?id=74701 https://www.taxtmi.com/news?id=74701 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Chhattisgarh cabinet approves Rs 500 crore startup mission; also clears export promotion policy https://www.taxtmi.com/news?id=74700 https://www.taxtmi.com/news?id=74700 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI DRI seizes around 740 kg cannabis and charas in operations across country as it intensifies crackdown on illegal cannabis trafficking; 13 persons arrested https://www.taxtmi.com/news?id=74699 https://www.taxtmi.com/news?id=74699 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Yubi Group Launches Yubi Asset Management, and its portfolio management service, Yubi PoleStar https://www.taxtmi.com/news?id=74698 https://www.taxtmi.com/news?id=74698 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Submission for Expert Opinion on Rectification of Incorrect ITC Reporting /forum/issue?id=121105 /forum/issue?id=121105 Wed, 09 Sep 2026 18:37:07 +0530 GST Discussion-Forum TaxLaws TaxTMI Refiners to sell 2.5 lakh tonnes of white sugar in domestic market: Shree Renuka Sugars MD CEO https://www.taxtmi.com/news?id=74697 https://www.taxtmi.com/news?id=74697 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Ember Unveils SuperPan, Creating a New Category of Uncoated, Non-Stick Titanium Steel Cookware https://www.taxtmi.com/news?id=74696 https://www.taxtmi.com/news?id=74696 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Competition Commission rejects complaint against Keralam govt's Priyadarshini Scheme https://www.taxtmi.com/news?id=74695 https://www.taxtmi.com/news?id=74695 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Asia's Energy Rise Reshapes Global Markets as Russia and China Deepen Cooperation https://www.taxtmi.com/news?id=74694 https://www.taxtmi.com/news?id=74694 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI GST taxability on hostel services provided to foreign university students /forum/issue?id=121107 /forum/issue?id=121107 Wed, 09 Sep 2026 18:37:07 +0530 GST Discussion-Forum TaxLaws TaxTMI Open a Savings Account in Minutes with Full Video Banking and Zero Paperwork; AU Small Finance Bank Brings Banking to Your Doorstep https://www.taxtmi.com/news?id=74693 https://www.taxtmi.com/news?id=74693 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI PM Narendra Modi Witnesses Perfios' Showcase of the AI-Powered Future of Banking at GFF 2026 https://www.taxtmi.com/news?id=74692 https://www.taxtmi.com/news?id=74692 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI India’s Logistics Infrastructure Is Scaling Fast. Hemant Kejriwal Says the Next Challenge Is Inside the Supply Chain https://www.taxtmi.com/news?id=74691 https://www.taxtmi.com/news?id=74691 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Sensitization of Officers regarding issuance of Deficiency Memo under Section 74 of the Customs Act, 1962 and adherence to the CBIC Circular No. 31/2026- Customs dated 04.07.2026 https://www.taxtmi.com/circulars?id=71222 https://www.taxtmi.com/circulars?id=71222 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Procedure for Processing and Approval of Brand Rate of Drawback (BROD) Applications https://www.taxtmi.com/circulars?id=71221 https://www.taxtmi.com/circulars?id=71221 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Refund of Inverted Duty Structure /forum/issue?id=121109 /forum/issue?id=121109 Wed, 09 Sep 2026 18:37:07 +0530 GST Discussion-Forum TaxLaws TaxTMI Facilitation of storage of imported goods under Section 49 of the Customs Act, 1962 and streamlining of issuance of detention/demurrage waiver certificates in respect of air cargo https://www.taxtmi.com/circulars?id=71220 https://www.taxtmi.com/circulars?id=71220 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Exclusion of certain categories of import containers from scanning https://www.taxtmi.com/circulars?id=71219 https://www.taxtmi.com/circulars?id=71219 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Partial de-notification of Customs Area and consequential revision of the Customs-notified area of the Container Freight Station (CFS Code- INNSA1ULA1) operated by M/s International Cargo Terminal Private Limited (ICTPL), Village Koproli, Taluka Uran, District Raigad, Maharashtra https://www.taxtmi.com/circulars?id=71218 https://www.taxtmi.com/circulars?id=71218 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA) https://www.taxtmi.com/circulars?id=71217 https://www.taxtmi.com/circulars?id=71217 Wed, 09 Sep 2026 18:37:07 +0530 FEMA Circulars TaxLaws TaxTMI Your GST refund isn't stuck because of a rule. It's stuck because of one wrong digit https://www.taxtmi.com/article/detailed?id=17372 https://www.taxtmi.com/article/detailed?id=17372 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI Refund cannot be withheld under Section 54(11) of the CGST Act merely because the Revenue contemplates filing an appeal https://www.taxtmi.com/article/detailed?id=17371 https://www.taxtmi.com/article/detailed?id=17371 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI Director's Remuneration as Salary Cannot Be Taxed - Valuation and Extended Limitation Also Require a Proper Foundation https://www.taxtmi.com/article/detailed?id=17370 https://www.taxtmi.com/article/detailed?id=17370 Wed, 09 Sep 2026 18:37:07 +0530 Service Tax Articles TaxLaws TaxTMI NRI Taxation: A Strategic Guide for Global Indians https://www.taxtmi.com/article/detailed?id=17369 https://www.taxtmi.com/article/detailed?id=17369 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Articles TaxLaws TaxTMI Appellate Authority has no power to condone delay in filing appeal beyond the outer limit prescribed under Section 107(4) of the CGST Act https://www.taxtmi.com/article/detailed?id=17368 https://www.taxtmi.com/article/detailed?id=17368 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI GSTR-2A Mismatch - Verification Must Precede ITC Denial https://www.taxtmi.com/article/detailed?id=17367 https://www.taxtmi.com/article/detailed?id=17367 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI Ex parte GST appellate orders against a wound-up company require notice and a personal hearing for its liquidator. https://www.taxtmi.com/highlights?id=103579 https://www.taxtmi.com/highlights?id=103579 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Owner's transport documents in goods detention proceedings require consideration before penalties are imposed, requiring fresh adjudication. https://www.taxtmi.com/highlights?id=103578 https://www.taxtmi.com/highlights?id=103578 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI GST search authorisations require recorded reasons, while investigation-based demands can proceed without prior return scrutiny. https://www.taxtmi.com/highlights?id=103577 https://www.taxtmi.com/highlights?id=103577 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Pre-charge evidence in GST prosecutions requires formal summoning and a hearing before cognizance under prescribed criminal procedure. https://www.taxtmi.com/highlights?id=103576 https://www.taxtmi.com/highlights?id=103576 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy limits writ challenges to GST determinations involving disputed factual questions and available appellate review. https://www.taxtmi.com/highlights?id=103575 https://www.taxtmi.com/highlights?id=103575 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Mandatory personal hearing in GST adjudication requires notice of a specific date, time and venue before adverse orders. https://www.taxtmi.com/highlights?id=103574 https://www.taxtmi.com/highlights?id=103574 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Environmental charitable GST exemption protected effluent-treatment services, while absent fraud or wilful suppression invalidated extended demand proceedings. https://www.taxtmi.com/highlights?id=103573 https://www.taxtmi.com/highlights?id=103573 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Prior appellate resolution bars an unreconciled subsequent tax adjudication order and its consequential bank recovery notice. https://www.taxtmi.com/highlights?id=103572 https://www.taxtmi.com/highlights?id=103572 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Merits-Based GST Refund Appeals Require Reasoned Decisions, Preventing Dismissal Solely for Non-Appearance and Requiring Fresh Adjudication https://www.taxtmi.com/highlights?id=103571 https://www.taxtmi.com/highlights?id=103571 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI GST appeal limitation may yield where uncontrollable delay would deny merits review and cause grave prejudice. https://www.taxtmi.com/highlights?id=103570 https://www.taxtmi.com/highlights?id=103570 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Electronic GST notice service remains valid when uploaded to the taxpayer's portal; failure to monitor it cannot defeat assessment. https://www.taxtmi.com/highlights?id=103569 https://www.taxtmi.com/highlights?id=103569 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Compounding charge timelines run from complaint service, preventing enhanced charges for promptly filed accused applications. https://www.taxtmi.com/highlights?id=103568 https://www.taxtmi.com/highlights?id=103568 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Transparent political-donation deduction claims do not alone constitute misreporting, permitting statutory immunity from under-reporting penalties. https://www.taxtmi.com/highlights?id=103567 https://www.taxtmi.com/highlights?id=103567 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Charitable sports promotion: sponsorship receipts alone did not defeat registration where funds supported tournaments and player development activities. https://www.taxtmi.com/highlights?id=103566 https://www.taxtmi.com/highlights?id=103566 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Misreporting penalty requires evidence of deliberate inaccuracy, not merely withdrawal of a disclosed donation deduction claim during reassessment. https://www.taxtmi.com/highlights?id=103565 https://www.taxtmi.com/highlights?id=103565 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Overdue associated-enterprise receivables: debt-free status defeated notional-interest adjustment, while employee stock-option costs qualified as business expenditure. https://www.taxtmi.com/highlights?id=103564 https://www.taxtmi.com/highlights?id=103564 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Retrospective assessment-limitation amendments validate final orders while contemporaneous segment data governs transfer-pricing comparability and tolerance-band verification. https://www.taxtmi.com/highlights?id=103563 https://www.taxtmi.com/highlights?id=103563 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require exclusion. https://www.taxtmi.com/highlights?id=103562 https://www.taxtmi.com/highlights?id=103562 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Internal comparable Cost Plus Method prevails where identical independent services use the same mark-up, eliminating transfer-pricing adjustment. https://www.taxtmi.com/highlights?id=103561 https://www.taxtmi.com/highlights?id=103561 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Telecom tax deductions and transfer pricing: business-linked receipts qualify, while unsupported royalty and marketing adjustments fail. https://www.taxtmi.com/highlights?id=103560 https://www.taxtmi.com/highlights?id=103560 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Unexercised stock option compensation remains non-salary when voluntary restructuring payments lack a proximate employment nexus and option transfer. https://www.taxtmi.com/highlights?id=103559 https://www.taxtmi.com/highlights?id=103559 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Notional letting value on unsold stock-in-trade and unsupported brokerage benchmarking cannot sustain tax adjustments for pre-amendment years. https://www.taxtmi.com/highlights?id=103558 https://www.taxtmi.com/highlights?id=103558 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Consequential assessment limitation bars reassessment after a partial transfer-pricing remand unless the statutory deadline is met. https://www.taxtmi.com/highlights?id=103557 https://www.taxtmi.com/highlights?id=103557 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI TNMM functional comparability drives exclusions, current-year recession margins, operating-income treatment, and deletion of interest imputation on debt-free receivables. https://www.taxtmi.com/highlights?id=103556 https://www.taxtmi.com/highlights?id=103556 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Suppressed turnover taxability limits assessment to embedded profit, while cash-payment disallowance requires payment-wise threshold verification. https://www.taxtmi.com/highlights?id=103555 https://www.taxtmi.com/highlights?id=103555 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise receivables. https://www.taxtmi.com/highlights?id=103554 https://www.taxtmi.com/highlights?id=103554 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing consistency under TNMM protects integrated intra-group service benchmarking where facts and business model remain unchanged. https://www.taxtmi.com/highlights?id=103553 https://www.taxtmi.com/highlights?id=103553 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment based on specific investigation information upheld where alleged accommodation-entry loan showed a live nexus with escaped income. https://www.taxtmi.com/highlights?id=103552 https://www.taxtmi.com/highlights?id=103552 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Working capital adjustments require reasonably accurate computations, while CSR donations may qualify separately for charitable deduction. https://www.taxtmi.com/highlights?id=103551 https://www.taxtmi.com/highlights?id=103551 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI AE segmental benchmarking and CCD interest deductions survive disclosure reclassification where arm's-length margins and debt status are established. https://www.taxtmi.com/highlights?id=103550 https://www.taxtmi.com/highlights?id=103550 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Interim stay exclusion under customs limitation begins when connected writ protection ends, preserving timely duty adjudication. https://www.taxtmi.com/highlights?id=103549 https://www.taxtmi.com/highlights?id=103549 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Customs-duty exemption for salvage-operation stores concerns duty rates, requiring a direct Supreme Court challenge rather than High Court appeal. https://www.taxtmi.com/highlights?id=103548 https://www.taxtmi.com/highlights?id=103548 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Bank account freezing under Customs law cannot continue beyond the statutory maximum merely because a show-cause notice was issued. https://www.taxtmi.com/highlights?id=103547 https://www.taxtmi.com/highlights?id=103547 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review. https://www.taxtmi.com/highlights?id=103546 https://www.taxtmi.com/highlights?id=103546 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Written acceptance of customs reassessment does not waive appeal rights where enhanced valuation is paid under protest. https://www.taxtmi.com/highlights?id=103545 https://www.taxtmi.com/highlights?id=103545 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Pre-import condition breach under Advance Authorisation requires Bill of Entry-wise IGST reassessment, while interest and penalties fail. https://www.taxtmi.com/highlights?id=103544 https://www.taxtmi.com/highlights?id=103544 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Customs valuation safeguards invalidate unsupported declared-value rejection, unauthenticated electronic evidence, proxy-importer duty demands, and redemption fine. https://www.taxtmi.com/highlights?id=103543 https://www.taxtmi.com/highlights?id=103543 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Sole or principal use classification protects GEHO pump-specific components from residual material-based tariff treatment and related duty demands. https://www.taxtmi.com/highlights?id=103542 https://www.taxtmi.com/highlights?id=103542 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Bail conditions in customs-duty evasion investigation permit continued inquiry while addressing evidence-tampering concerns through procedural safeguards. https://www.taxtmi.com/highlights?id=103541 https://www.taxtmi.com/highlights?id=103541 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Arrest warrants against accused already on bail require prior summons unless circumstances justify coercive attendance measures. https://www.taxtmi.com/highlights?id=103540 https://www.taxtmi.com/highlights?id=103540 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI Continuing default and debt acknowledgment preserved limitation for the insolvency application after the revival scheme failed. https://www.taxtmi.com/highlights?id=103539 https://www.taxtmi.com/highlights?id=103539 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI Reasoned and proportionate FERA penalties require explained quantification after excluded contraventions and RBI write-offs, preventing disproportionate retention. https://www.taxtmi.com/highlights?id=103538 https://www.taxtmi.com/highlights?id=103538 Wed, 09 Sep 2026 18:37:07 +0530 FEMA Highlights TaxLaws TaxTMI Prolonged incarceration can outweigh PMLA bail restrictions where predicate-offence investigation remains incomplete and safeguards protect trial integrity. https://www.taxtmi.com/highlights?id=103537 https://www.taxtmi.com/highlights?id=103537 Wed, 09 Sep 2026 18:37:07 +0530 PMLA Highlights TaxLaws TaxTMI Subsisting Scheduled Offence Required: PMLA summons fail when predicate prosecution is quashed for investigative jurisdictional defect. https://www.taxtmi.com/highlights?id=103536 https://www.taxtmi.com/highlights?id=103536 Wed, 09 Sep 2026 18:37:07 +0530 PMLA Highlights TaxLaws TaxTMI Provisional attachment in money laundering may rest on prima facie involvement and extend to equivalent-value property. https://www.taxtmi.com/highlights?id=103535 https://www.taxtmi.com/highlights?id=103535 Wed, 09 Sep 2026 18:37:07 +0530 PMLA Highlights TaxLaws TaxTMI Service-tax education exemptions depend on statutory conditions: PMKVY intermediary services remain taxable, while recognised degree-course education qualifies. https://www.taxtmi.com/highlights?id=103534 https://www.taxtmi.com/highlights?id=103534 Wed, 09 Sep 2026 18:37:07 +0530 Service Tax Highlights TaxLaws TaxTMI Free home delivery of ready-to-eat food constituted taxable catering service, but extended limitation and penalty failed without suppression. https://www.taxtmi.com/highlights?id=103533 https://www.taxtmi.com/highlights?id=103533 Wed, 09 Sep 2026 18:37:07 +0530 Service Tax Highlights TaxLaws TaxTMI Rule 41 implementation directions remain outside appellate review, while mistaken service-tax payments attract compensatory interest from the original refund claim. https://www.taxtmi.com/highlights?id=103532 https://www.taxtmi.com/highlights?id=103532 Wed, 09 Sep 2026 18:37:07 +0530 Excise Highlights TaxLaws TaxTMI Portable rechargeable lamp classification under Heading 8513 prevails, while disclosed tariff disputes bar extended limitation and penalties. https://www.taxtmi.com/highlights?id=103530 https://www.taxtmi.com/highlights?id=103530 Wed, 09 Sep 2026 18:37:07 +0530 Excise Highlights TaxLaws TaxTMI Sole Proprietorship Liability: Cheque-dishonour complaints may proceed against proprietors without separately arraigning their trade concerns. https://www.taxtmi.com/highlights?id=103527 https://www.taxtmi.com/highlights?id=103527 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI US banning dairy products, most alcoholic beverages and motorcycles from Canada https://www.taxtmi.com/news?id=74690 https://www.taxtmi.com/news?id=74690 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Trump moves to bar Canadian products from US contracts as Canada's retaliatory tariffs take effect https://www.taxtmi.com/news?id=74689 https://www.taxtmi.com/news?id=74689 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI CSR Funds utilizations and Its Tax Implication /forum/issue?id=121108 /forum/issue?id=121108 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI sec 44AB requirement for below one crore turnover. /forum/issue?id=121106 /forum/issue?id=121106 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Form 140 Gross Amount Reporting When Aggregate TDS Threshold Is Crossed /forum/issue?id=121087 /forum/issue?id=121087 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Accredited investor mandate for existing Angel Funds receives extended compliance timeline while preserving existing investor holdings and restrictions. https://www.taxtmi.com/highlights?id=103531 https://www.taxtmi.com/highlights?id=103531 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI Certificate of Origin API integration enables secure electronic applications, agreement-specific validation, certificate issuance and online authenticity verification for exporters. https://www.taxtmi.com/highlights?id=103529 https://www.taxtmi.com/highlights?id=103529 Wed, 09 Sep 2026 18:37:07 +0530 Customs Highlights TaxLaws TaxTMI Investor group disclosure exemption now covers FPIs investing only in Government Securities across both investment routes. https://www.taxtmi.com/highlights?id=103528 https://www.taxtmi.com/highlights?id=103528 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI Amendment in Notification No. eCF 703778/234 dated 17th September, 2025 https://www.taxtmi.com/notifications?id=146869 https://www.taxtmi.com/notifications?id=146869 Wed, 09 Sep 2026 18:37:07 +0530 GST Notifications TaxLaws TaxTMI Amendment in Notification eCF No. 703778/234 dated 17.09.2025 https://www.taxtmi.com/notifications?id=146868 https://www.taxtmi.com/notifications?id=146868 Wed, 09 Sep 2026 18:37:07 +0530 GST Notifications TaxLaws TaxTMI Bajaj Finance Acquires 5% Stake in TrueFan AI as part of Finserv Intelligence https://www.taxtmi.com/news?id=74688 https://www.taxtmi.com/news?id=74688 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Comments/views on proposed suspension of 544 Standard Input Output Norms (SIONs) remaining unutilized during the last three financial years. https://www.taxtmi.com/circulars?id=71215 https://www.taxtmi.com/circulars?id=71215 Wed, 09 Sep 2026 18:37:07 +0530 Customs Circulars TaxLaws TaxTMI Amendment in Notification eCF No. 400555/54 dated the 30th November, 2024 https://www.taxtmi.com/notifications?id=146867 https://www.taxtmi.com/notifications?id=146867 Wed, 09 Sep 2026 18:37:07 +0530 GST Notifications TaxLaws TaxTMI Notifies the 30th day of June, 2026, as the date upto which appeal may be filed before the Appellate Tribunal under Assam Goods and Services Tax Act, 2017 in respect of all cases https://www.taxtmi.com/notifications?id=146866 https://www.taxtmi.com/notifications?id=146866 Wed, 09 Sep 2026 18:37:07 +0530 GST Notifications TaxLaws TaxTMI SC dismisses BDPL's plea, brings one of India's longest-running corporate disputes to end https://www.taxtmi.com/news?id=74687 https://www.taxtmi.com/news?id=74687 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Amendment in Notification No. S.O. No. 228/2025, dated the 17th September, 2025 https://www.taxtmi.com/notifications?id=146865 https://www.taxtmi.com/notifications?id=146865 Wed, 09 Sep 2026 18:37:07 +0530 GST Notifications TaxLaws TaxTMI CMRL case: ED writes to Keralam DGP seeking FIR against ex-CM Vijayan, daughter and son-in-law https://www.taxtmi.com/news?id=74686 https://www.taxtmi.com/news?id=74686 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI RSP MP Premachandran seeks CPI(M) stand on ED probe into Pinarayi Vijayan, family https://www.taxtmi.com/news?id=74685 https://www.taxtmi.com/news?id=74685 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI UpTik Strengthens Strategic Advisory Board with Appointment of Mr. Rajaram and Mr. Bala Swaminathan https://www.taxtmi.com/news?id=74684 https://www.taxtmi.com/news?id=74684 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI SC rejects proposal of Parsvnath Developers for homebuyers, asked it to file another https://www.taxtmi.com/news?id=74683 https://www.taxtmi.com/news?id=74683 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI India faces higher oil import costs as crude prices surge on West Asia supply risks https://www.taxtmi.com/news?id=74682 https://www.taxtmi.com/news?id=74682 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Swyom Advisors Marks Three Years of Operations at 'Beyond Alpha: Chapter 3' in Mumbai https://www.taxtmi.com/news?id=74681 https://www.taxtmi.com/news?id=74681 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Settled issues under GST. Section 75(7) to be adhered scrupulously. https://www.taxtmi.com/article/detailed?id=17359 https://www.taxtmi.com/article/detailed?id=17359 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI CMRL case: ED writes to Kerala DGP seeking FIR against ex-CM Vijayan, daughter Veena, son-in-law https://www.taxtmi.com/news?id=74680 https://www.taxtmi.com/news?id=74680 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI ED writes to Kerala DGP seeking FIR against ex-CM Vijayan, daughter, son-in-law in CMRL case https://www.taxtmi.com/news?id=74679 https://www.taxtmi.com/news?id=74679 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI China's exports pick up in August, jumping 25% as its trade surplus widens https://www.taxtmi.com/news?id=74678 https://www.taxtmi.com/news?id=74678 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI International Financial Services Centres Authority (Prohibition of Market Abuse in Securities Markets) Regulations, 2026. https://www.taxtmi.com/notifications?id=146841 https://www.taxtmi.com/notifications?id=146841 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Notifications TaxTMI Relaxation in timeline with respect to Accredited Investor mandate for Angel Funds https://www.taxtmi.com/circulars?id=71187 https://www.taxtmi.com/circulars?id=71187 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Circulars TaxTMI Rupee falls 10 paise to 94.66 against US dollar in early trade https://www.taxtmi.com/news?id=74677 https://www.taxtmi.com/news?id=74677 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI Union Finance Minister meets delegation of bank employees representing different Public Sector Banks (PSBs) https://www.taxtmi.com/news?id=74676 https://www.taxtmi.com/news?id=74676 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI China's exports pick up in August, jumping 25% on strong demand for autos and high tech goods https://www.taxtmi.com/news?id=74675 https://www.taxtmi.com/news?id=74675 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws News TaxTMI WRONG INPUT TAX CREDIT IS NOT FRAUD The Santhome Latex Decision and Its Binding Effect By Adv. G. Jayaprakash Former Superintendent of Central Excise https://www.taxtmi.com/article/detailed?id=17366 https://www.taxtmi.com/article/detailed?id=17366 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI What happens to your pre-deposit under section 107 when you get substantial relief and prefer second appeal before GSTAT. https://www.taxtmi.com/article/detailed?id=17365 https://www.taxtmi.com/article/detailed?id=17365 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI The Tax Audit Trap: How Your Cash Transactions Turn a Simple ITR Into a Section 44AB https://www.taxtmi.com/article/detailed?id=17364 https://www.taxtmi.com/article/detailed?id=17364 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Articles TaxLaws TaxTMI Wrong ITC Is Not Suppression - Section 74 Requires Evidence of Intent to Evade https://www.taxtmi.com/article/detailed?id=17363 https://www.taxtmi.com/article/detailed?id=17363 Wed, 09 Sep 2026 18:37:07 +0530 GST Articles TaxLaws TaxTMI Casual rather callous manner, in which the application under Section 197 of the Act of 1961 was rejected, that too disregarding binding precedence non application of mind caused displeasure of Courts. https://www.taxtmi.com/article/detailed?id=17362 https://www.taxtmi.com/article/detailed?id=17362 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Articles TaxLaws TaxTMI Kanban: A Visual System for Controlling Workflow and Inventory. https://www.taxtmi.com/article/detailed?id=17361 https://www.taxtmi.com/article/detailed?id=17361 Wed, 09 Sep 2026 18:37:07 +0530 Auditing Articles TaxLaws TaxTMI GST appeal pre-deposit follows the law when adjudication begins, while factual penalty challenges belong before statutory appellate authorities. https://www.taxtmi.com/highlights?id=103526 https://www.taxtmi.com/highlights?id=103526 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Vicarious liability for cheque dishonour requires proven corporate responsibility, protecting wrongly impleaded officers through pre-summoning verification. https://www.taxtmi.com/highlights?id=103525 https://www.taxtmi.com/highlights?id=103525 Wed, 09 Sep 2026 18:37:07 +0530 TaxLaws Highlights TaxTMI GST payment representations require record-based, reasoned decisions while substantive entitlement remains open for determination by competent authorities. https://www.taxtmi.com/highlights?id=103524 https://www.taxtmi.com/highlights?id=103524 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Show cause notice limits bar adjudication from confirming demands beyond those proposed, requiring fresh adjudication without a new notice. https://www.taxtmi.com/highlights?id=103523 https://www.taxtmi.com/highlights?id=103523 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Inverted duty refunds cover higher-taxed packing materials used for packaged tea despite an inapplicable GST rate-reduction circular. https://www.taxtmi.com/highlights?id=103522 https://www.taxtmi.com/highlights?id=103522 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Pure-agent electricity recovery excludes actual, unmarked-up metered and common-area charges from the taxable value of premises maintenance services. https://www.taxtmi.com/highlights?id=103521 https://www.taxtmi.com/highlights?id=103521 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Prior adjudication bars advance-ruling applications on identical GST classification and rate questions concerning the applicant. https://www.taxtmi.com/highlights?id=103520 https://www.taxtmi.com/highlights?id=103520 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Classification of ruled paper sheets keeps them under Heading 4802; notebook-use exemption depends on actual manufacture. https://www.taxtmi.com/highlights?id=103519 https://www.taxtmi.com/highlights?id=103519 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI End-use GST exemption for uncoated paper depends on proven manufacture of specified books, while other uses remain taxable. https://www.taxtmi.com/highlights?id=103518 https://www.taxtmi.com/highlights?id=103518 Wed, 09 Sep 2026 18:37:07 +0530 GST Highlights TaxLaws TaxTMI Reassessment sanction under extended limitation required approval from the competent specified authority, invalidating proceedings approved by an incorrect authority. https://www.taxtmi.com/highlights?id=103517 https://www.taxtmi.com/highlights?id=103517 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Director tax liability under Section 179 requires consideration of the director's reply before liability can be determined lawfully. https://www.taxtmi.com/highlights?id=103516 https://www.taxtmi.com/highlights?id=103516 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Capital-gains exemption requires a qualifying asset transfer and reinvestment by the same assessee, not solely by a spouse. https://www.taxtmi.com/highlights?id=103515 https://www.taxtmi.com/highlights?id=103515 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Live sports broadcasting rights exclude live-feed payments from royalty, while non-live rights remain taxable and require withholding. https://www.taxtmi.com/highlights?id=103514 https://www.taxtmi.com/highlights?id=103514 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Deductee-paid-tax exception requires verification before TDS default and consequential interest apply to External Development Charges payments. https://www.taxtmi.com/highlights?id=103513 https://www.taxtmi.com/highlights?id=103513 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Section 50C valuation date follows crystallised consideration where rehabilitation arrangements precede registration, preventing enhanced capital gains additions. https://www.taxtmi.com/highlights?id=103512 https://www.taxtmi.com/highlights?id=103512 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Internal CUP benchmarking for fixed-rate Masala Bonds prevails over floating external comparables, eliminating the related transfer-pricing adjustment. https://www.taxtmi.com/highlights?id=103511 https://www.taxtmi.com/highlights?id=103511 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments. https://www.taxtmi.com/highlights?id=103510 https://www.taxtmi.com/highlights?id=103510 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI MEIS export rewards are revenue income because they offset business costs rather than fund capital investment or expansion. https://www.taxtmi.com/highlights?id=103509 https://www.taxtmi.com/highlights?id=103509 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI TDS credit for trust income remains available despite trustee PAN reporting and absence of Rule 37BA declaration. https://www.taxtmi.com/highlights?id=103508 https://www.taxtmi.com/highlights?id=103508 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Stale Reassessment Material Cannot Support Reopening When Earlier Proceedings Already Considered the Same Lender-Credit Information https://www.taxtmi.com/highlights?id=103507 https://www.taxtmi.com/highlights?id=103507 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Block-period computation for non-searched persons rendered out-of-period assessments void for lack of jurisdiction under the search assessment regime. https://www.taxtmi.com/highlights?id=103506 https://www.taxtmi.com/highlights?id=103506 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Sufficient Cause for Delay Requires Bona Fide Diligence, Leaving a Decade-Late Exemption Appeal Unheard on Merits https://www.taxtmi.com/highlights?id=103505 https://www.taxtmi.com/highlights?id=103505 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Remand limitation periods require fresh-assessment timelines where Tribunal directions mandate fresh consideration, while unexplained foreign currency remains taxable income. https://www.taxtmi.com/highlights?id=103504 https://www.taxtmi.com/highlights?id=103504 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Return-processing adjustments cannot tax validly applied accumulated charitable income merely because electronic return fields contain reporting mismatches. https://www.taxtmi.com/highlights?id=103503 https://www.taxtmi.com/highlights?id=103503 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Cost of improvement excludes routine repairs and removable flat furnishings, while permanent installations require item-wise verification. https://www.taxtmi.com/highlights?id=103502 https://www.taxtmi.com/highlights?id=103502 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Bogus-purchase additions are limited to embedded profit where corresponding sales are accepted, while accommodation-entry information can support reassessment. https://www.taxtmi.com/highlights?id=103501 https://www.taxtmi.com/highlights?id=103501 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI Section 80G approval accepts section 10(23C) exemption without mandatory section 12AB registration, subject to verifying statutory coverage. https://www.taxtmi.com/highlights?id=103500 https://www.taxtmi.com/highlights?id=103500 Wed, 09 Sep 2026 18:37:07 +0530 Income Tax Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: September 09, 2026 https://www.taxtmi.com/newsletter?id=09/09/2026 https://www.taxtmi.com/newsletter?id=09/09/2026 Daily Updates Tax