Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Sat, 07 Mar 2026 17:44:58 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Safari Retreats Pvt. Ltd. v. Chief Commissioner of CGST /forum/issue?id=120798 /forum/issue?id=120798 Sat, 07 Mar 2026 17:44:58 +0530 GST Discussion-Forum TaxLaws TaxTMI West Asia crisis: Ministry asks ports to consider waiving charges, issues SoP https://www.taxtmi.com/news?id=71442 https://www.taxtmi.com/news?id=71442 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI West Asia crisis: Govt provides certain relaxations to exporters to meet obligations https://www.taxtmi.com/news?id=71441 https://www.taxtmi.com/news?id=71441 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI ITR filling missed F.Y 2024-2025. /forum/issue?id=120802 /forum/issue?id=120802 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Extension in the Export Obligation period of specified Advance EPCG Authorisations till 31.08.2026. https://www.taxtmi.com/circulars?id=69294 https://www.taxtmi.com/circulars?id=69294 Sat, 07 Mar 2026 17:44:58 +0530 Customs Circulars TaxLaws TaxTMI Kerala: Five held for smuggling high-end used cars from Bhutan; DTO among accused https://www.taxtmi.com/news?id=71440 https://www.taxtmi.com/news?id=71440 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Domestic LPG price hiked by Rs 60 per cylinder to Rs 913 https://www.taxtmi.com/news?id=71439 https://www.taxtmi.com/news?id=71439 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Implementation of Unique Identifiers for Aadhaar-based Authentication Transaction. https://www.taxtmi.com/news?id=71438 https://www.taxtmi.com/news?id=71438 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Regarding the reimbursement of the amount equivalent to the State Goods and Services Tax (SGST) payable for the exhibition of the film "Shatak – 100 Years of Rashtriya Swayamsevak Sangh https://www.taxtmi.com/news?id=71437 https://www.taxtmi.com/news?id=71437 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Master Circular for Registrars to an Issue and Share Transfer Agents https://www.taxtmi.com/circulars?id=69189 https://www.taxtmi.com/circulars?id=69189 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Circulars TaxTMI Seeking Guidance On Tax Implications /forum/issue?id=120791 /forum/issue?id=120791 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI SEZ Developer/Co developer Exit /forum/issue?id=120800 /forum/issue?id=120800 Sat, 07 Mar 2026 17:44:58 +0530 Customs Discussion-Forum TaxLaws TaxTMI India’s achievements in Free Trade Agreements for the year 2025-26. https://www.taxtmi.com/news?id=71436 https://www.taxtmi.com/news?id=71436 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Constitution of the Authority for Advance Ruling in the Union territories - Change in Name and designation of the Member of Union territory Daman - Seeks to amend Notification No. 14/2018 dated 8th October 2018. https://www.taxtmi.com/notifications?id=145097 https://www.taxtmi.com/notifications?id=145097 Sat, 07 Mar 2026 17:44:58 +0530 GST Notifications TaxLaws TaxTMI Rule 42 reversal on flat sale considering 1/3 value as sale of land /forum/issue?id=120799 /forum/issue?id=120799 Sat, 07 Mar 2026 17:44:58 +0530 GST Discussion-Forum TaxLaws TaxTMI Grants in Aid: Navigating the GST Perspective https://www.taxtmi.com/article/detailed?id=15985 https://www.taxtmi.com/article/detailed?id=15985 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI DETENTION ORDER UNDER SECTION 129(1) OF CGST ACT BEYOND 7 DAYS FROM THE DATE OF NOTICE SERVED – INVALID https://www.taxtmi.com/article/detailed?id=15984 https://www.taxtmi.com/article/detailed?id=15984 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI CONFISCATION AND SEIZURE OF GOODS IN GST LAW https://www.taxtmi.com/article/detailed?id=15983 https://www.taxtmi.com/article/detailed?id=15983 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI Importance of Customs Green and Red Channels in Combating Intentional and Unintentional Smuggling and Non-Compliance. https://www.taxtmi.com/article/detailed?id=15982 https://www.taxtmi.com/article/detailed?id=15982 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI Section 107 of the CGST Act, 2017 must be applied appropriately. https://www.taxtmi.com/article/detailed?id=15981 https://www.taxtmi.com/article/detailed?id=15981 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI Import-Export Restricted and Negative Lists in India: A Comprehensive Legal Analysis with Statutory Compliances, Inter-Regulatory Approvals, and Comparative Framework. https://www.taxtmi.com/article/detailed?id=15980 https://www.taxtmi.com/article/detailed?id=15980 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI CONTINUOUS SUPPLY OF SERVICES UNDER GST - WHY ONGOING SERVICES ARE NOT AUTOMATICALLY "CONTINUOUS" https://www.taxtmi.com/article/detailed?id=15979 https://www.taxtmi.com/article/detailed?id=15979 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI Extension of Deferred Payment of Customs Duty to Eligible Manufacturer Importers (EMI): A Detailed Analysis of Circular No. 08/2026-Customs https://www.taxtmi.com/article/detailed?id=15978 https://www.taxtmi.com/article/detailed?id=15978 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI Shifting Registered Office: pendency of appeal without a stay does not prevent the Regional Director permitting relocation under Rule 30(9). https://www.taxtmi.com/highlights?id=97484 https://www.taxtmi.com/highlights?id=97484 Sat, 07 Mar 2026 17:44:58 +0530 Corporate Laws Highlights TaxLaws TaxTMI Input Tax Credit availability must trigger distribution only when legal entitlement arises, not merely on invoice issuance. https://www.taxtmi.com/highlights?id=97483 https://www.taxtmi.com/highlights?id=97483 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Statutory Appeal Right preserved; 30 day stay allowed, perishable goods to be auctioned and proceeds held pending appeal. https://www.taxtmi.com/highlights?id=97482 https://www.taxtmi.com/highlights?id=97482 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Consolidation of tax periods is impermissible; year wise assessment and limitation must be preserved despite fraud allegations. https://www.taxtmi.com/highlights?id=97481 https://www.taxtmi.com/highlights?id=97481 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Omission of statutory rule removes legal basis, so recovery orders issued solely under that rule were set aside. https://www.taxtmi.com/highlights?id=97480 https://www.taxtmi.com/highlights?id=97480 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Reliance on Precedent must be verified; unverified or AI generated citations can vitiate orders and require regulatory parameters. https://www.taxtmi.com/highlights?id=97479 https://www.taxtmi.com/highlights?id=97479 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Duty to consider material submissions: authority must afford hearing, pass a reasoned order and reconsider refund eligibility. https://www.taxtmi.com/highlights?id=97478 https://www.taxtmi.com/highlights?id=97478 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Natural Justice breached by non-service and no hearing; adjudication quashed and matter remitted for fresh, speaking reconsideration. https://www.taxtmi.com/highlights?id=97477 https://www.taxtmi.com/highlights?id=97477 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Mandatory DRC-07 summary preserves appellate rights-issuance directed to enable appeal; penalty challenge barred once proved or paid. https://www.taxtmi.com/highlights?id=97476 https://www.taxtmi.com/highlights?id=97476 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Right to Travel Abroad upheld; court permits travel subject to security deposit, itinerary disclosure and passport production. https://www.taxtmi.com/highlights?id=97475 https://www.taxtmi.com/highlights?id=97475 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Entitlement to Input Tax Credit requires reconsideration after statutory insertion, remand and conditional relief on compliance. https://www.taxtmi.com/highlights?id=97474 https://www.taxtmi.com/highlights?id=97474 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Limitation for TDS: each quarterly statement triggers an independent two-year limitation period, not an annual cumulative computation. https://www.taxtmi.com/highlights?id=97473 https://www.taxtmi.com/highlights?id=97473 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Relief for arrears can be claimed in addition to voluntary retirement exemption; AO instructed to verify and recalculate relief. https://www.taxtmi.com/highlights?id=97472 https://www.taxtmi.com/highlights?id=97472 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Non-retrospective application of Section 56(2)(x): agreements concluded before enactment not taxable despite later registration under income tax law https://www.taxtmi.com/highlights?id=97471 https://www.taxtmi.com/highlights?id=97471 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI TDS Verification: Tribunal remits for fresh verification of TDS deduction/deposit and CSR deduction eligibility under charitable deduction rules. https://www.taxtmi.com/highlights?id=97470 https://www.taxtmi.com/highlights?id=97470 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Deduction under Section 80-IC depends on notified location and commencement, not merely manufacture of Fourteenth Schedule items. https://www.taxtmi.com/highlights?id=97469 https://www.taxtmi.com/highlights?id=97469 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Registrar's power to cancel registration cannot be implied; unauthorized cancellation was set aside and registration restored. https://www.taxtmi.com/highlights?id=97468 https://www.taxtmi.com/highlights?id=97468 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Time barred notice under section 143(2) invalidates assessment where a revised return relates back and no notice was served. https://www.taxtmi.com/highlights?id=97467 https://www.taxtmi.com/highlights?id=97467 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Jurisdictional validity: notice issued by a non jurisdictional officer invalidates reassessment where no formal transfer or independent verification occurred. https://www.taxtmi.com/highlights?id=97466 https://www.taxtmi.com/highlights?id=97466 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Right to interest on delayed tax refunds under Section 244A extends to refunds determined under the DTVSV Act, entitlement allowed. https://www.taxtmi.com/highlights?id=97465 https://www.taxtmi.com/highlights?id=97465 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Allowability of Contractual Damages: compensatory payments for late supply treated as deductible business expenditure, not offences. https://www.taxtmi.com/highlights?id=97464 https://www.taxtmi.com/highlights?id=97464 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Benami transaction: amended definition applies to holdings after the amendment, sale proceeds treated as benami and fiduciary exception rejected. https://www.taxtmi.com/highlights?id=97463 https://www.taxtmi.com/highlights?id=97463 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Mandatory Show Cause Notice required before confiscation; failure mandates quashing and fresh hearing with a final speaking order. https://www.taxtmi.com/highlights?id=97462 https://www.taxtmi.com/highlights?id=97462 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Inherent jurisdiction to stay investigation limited to rare cases; no interim protection where FIR prima facie discloses offence. https://www.taxtmi.com/highlights?id=97461 https://www.taxtmi.com/highlights?id=97461 Sat, 07 Mar 2026 17:44:58 +0530 Corporate Laws Highlights TaxLaws TaxTMI Validation of interregnum dispositions: court may save bona fide transactions; stamping defects are curable and POA remains effective. https://www.taxtmi.com/highlights?id=97460 https://www.taxtmi.com/highlights?id=97460 Sat, 07 Mar 2026 17:44:58 +0530 Corporate Laws Highlights TaxLaws TaxTMI Extension of Personal Insolvency Resolution Process: may be extended despite moratorium cap; moratorium itself remains non extendable. https://www.taxtmi.com/highlights?id=97459 https://www.taxtmi.com/highlights?id=97459 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Updation of claims under Regulation 12A permits withdrawal when a claim is satisfied; Adjudicating Authority must adjudicate the request. https://www.taxtmi.com/highlights?id=97458 https://www.taxtmi.com/highlights?id=97458 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Invocation of guarantee: Section 95 petition held maintainable after valid demand; substituted service and assignment upheld, costs imposed. https://www.taxtmi.com/highlights?id=97457 https://www.taxtmi.com/highlights?id=97457 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Bail under PMLA: twin condition limits cannot justify indefinite pre trial detention; bail granted with protective conditions. https://www.taxtmi.com/highlights?id=97456 https://www.taxtmi.com/highlights?id=97456 Sat, 07 Mar 2026 17:44:58 +0530 PMLA Highlights TaxLaws TaxTMI Reason to believe test allows provisional attachment when investigation links demonetized currency conversion to gold; attachment sustained. https://www.taxtmi.com/highlights?id=97455 https://www.taxtmi.com/highlights?id=97455 Sat, 07 Mar 2026 17:44:58 +0530 PMLA Highlights TaxLaws TaxTMI Provisional attachment under PMLA upheld where cumulative evidence showed receipt and layering of proceeds; corroborative statements accepted. https://www.taxtmi.com/highlights?id=97454 https://www.taxtmi.com/highlights?id=97454 Sat, 07 Mar 2026 17:44:58 +0530 PMLA Highlights TaxLaws TaxTMI US has given 'permission' to India to accept Russian oil, says Treasury Secretary Bessent https://www.taxtmi.com/news?id=71435 https://www.taxtmi.com/news?id=71435 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI US lost 92,000 jobs last month as unemployment rate ticked up to 4.4% https://www.taxtmi.com/news?id=71434 https://www.taxtmi.com/news?id=71434 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI UK’s focus has 'decisively shifted' to delivery of India FTA, Parliament told https://www.taxtmi.com/news?id=71433 https://www.taxtmi.com/news?id=71433 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Punjab Cabinet clears supplementary demands for grants https://www.taxtmi.com/news?id=71432 https://www.taxtmi.com/news?id=71432 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Ahead of 2027 assembly polls, electricity tariff slashed in Punjab https://www.taxtmi.com/news?id=71431 https://www.taxtmi.com/news?id=71431 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Maharashtra State Co-operative Bank 'scam' case: Rohit Pawar moves discharge application https://www.taxtmi.com/news?id=71430 https://www.taxtmi.com/news?id=71430 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Prolonged Middle East crisis can impact exchange rate, fuel inflation: FinMin report https://www.taxtmi.com/news?id=71429 https://www.taxtmi.com/news?id=71429 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Rupee falls 18 paise to close at 91.82 against US dollar https://www.taxtmi.com/news?id=71428 https://www.taxtmi.com/news?id=71428 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Indian refiners snaps up Russian oil cargoes at sea after US waiver; seeks legal clarity https://www.taxtmi.com/news?id=71427 https://www.taxtmi.com/news?id=71427 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI GeM Celebrates Seven Years of SWAYATT Initiative to Promote Inclusive Public Procurement. https://www.taxtmi.com/news?id=71426 https://www.taxtmi.com/news?id=71426 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Petroleum lobby won't easily allow shift to alternative fuels: Gadkari citing Rs 22L cr import bill https://www.taxtmi.com/news?id=71425 https://www.taxtmi.com/news?id=71425 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Best Crypto to Buy Now for March 2026: Traders Position for DeepSnitch AI’s March 31 Launch While ONDO and Kaspa Drift https://www.taxtmi.com/news?id=71424 https://www.taxtmi.com/news?id=71424 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI India's forex reserves jump USD 4.88 bn to all-time high of USD 728.49 bn https://www.taxtmi.com/news?id=71423 https://www.taxtmi.com/news?id=71423 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Govt invokes ESMA powers, orders refiners to ramp up LPG production https://www.taxtmi.com/news?id=71422 https://www.taxtmi.com/news?id=71422 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Finkurve Financial Services Limited (Arvog) gone live with Godrej Finance to Offer Gold Loans Under RBI Co-Lending Framework https://www.taxtmi.com/news?id=71421 https://www.taxtmi.com/news?id=71421 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Govt will use every policy tool to help exporters deal with West Asia crisis: Piyush Goyal https://www.taxtmi.com/news?id=71420 https://www.taxtmi.com/news?id=71420 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Interest Received in GST Period for supply made in Pre GST Period /forum/issue?id=120797 /forum/issue?id=120797 Sat, 07 Mar 2026 17:44:58 +0530 GST Discussion-Forum TaxLaws TaxTMI Union Minister of Commerce Industry Shri Piyush Goyal Says Education as a Service Has Significant Potential to Boost India’s Export Earnings and Take High-Quality Indian Education to the World. https://www.taxtmi.com/news?id=71419 https://www.taxtmi.com/news?id=71419 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Operationalisation of Inter-Ministerial Group (IMG) for Supply Chain Resilience. https://www.taxtmi.com/circulars?id=69277 https://www.taxtmi.com/circulars?id=69277 Sat, 07 Mar 2026 17:44:58 +0530 Customs Circulars TaxLaws TaxTMI Launch of Support for Emerging Export Opportunities under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN. https://www.taxtmi.com/circulars?id=69289 https://www.taxtmi.com/circulars?id=69289 Sat, 07 Mar 2026 17:44:58 +0530 Customs Circulars TaxLaws TaxTMI Rupee ends 6 paise lower at 91.70 against USD in range-bound trade amid West Asia crisis https://www.taxtmi.com/news?id=71418 https://www.taxtmi.com/news?id=71418 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Launch of Credit Assistance for E-Commerce Exporters under Export Promotion Mission (EPM) – NIRYAT PROTSAHAN. https://www.taxtmi.com/circulars?id=69287 https://www.taxtmi.com/circulars?id=69287 Sat, 07 Mar 2026 17:44:58 +0530 Customs Circulars TaxLaws TaxTMI Power tariff for domestic, commercial consumers in Punjab slashed https://www.taxtmi.com/news?id=71417 https://www.taxtmi.com/news?id=71417 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Union minister inaugurates advanced Aadhaar Seva Kendra in Ranchi https://www.taxtmi.com/news?id=71416 https://www.taxtmi.com/news?id=71416 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI ED raids against people linked to Reliance Power; company denies https://www.taxtmi.com/news?id=71415 https://www.taxtmi.com/news?id=71415 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Navi Finserv convenes close to 200 financial sector leaders at the 3rd Navi Lenders Summit 2026 https://www.taxtmi.com/news?id=71414 https://www.taxtmi.com/news?id=71414 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Amendments Income Tax Rule 1962, rule 114F, 114G, 114H. https://www.taxtmi.com/notifications?id=145091 https://www.taxtmi.com/notifications?id=145091 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Notifications TaxLaws TaxTMI Focus on making Indian agri products export-oriented, globally competitive: Modi https://www.taxtmi.com/news?id=71413 https://www.taxtmi.com/news?id=71413 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI GST rate on Government work and sub contract work /forum/issue?id=120796 /forum/issue?id=120796 Sat, 07 Mar 2026 17:44:58 +0530 GST Discussion-Forum TaxLaws TaxTMI ED raids against Reliance Power Ltd in Mumbai, Hyderabad https://www.taxtmi.com/news?id=71412 https://www.taxtmi.com/news?id=71412 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI 8th Central Pay Commission Invites Representations from Stakeholders. https://www.taxtmi.com/news?id=71411 https://www.taxtmi.com/news?id=71411 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI The most fundamental thing for the Adjudication Authority under GST. https://www.taxtmi.com/article/detailed?id=15977 https://www.taxtmi.com/article/detailed?id=15977 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI How Section 6(2)(b) Stopped Three GST Notices in One Move https://www.taxtmi.com/article/detailed?id=15976 https://www.taxtmi.com/article/detailed?id=15976 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI Analysis of the Manufacturer Importer Deferred Customs Duty Scheme https://www.taxtmi.com/article/detailed?id=15975 https://www.taxtmi.com/article/detailed?id=15975 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI Extension of Deferred Payment of Customs Duty to Eligible Manufacturer Importers (EMI): A Detailed Analysis of Circular No. 08/2026-Customs https://www.taxtmi.com/article/detailed?id=15974 https://www.taxtmi.com/article/detailed?id=15974 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI CONTINUOUS SUPPLY OF GOODS UNDER GST - WHY FREQUENT DELIVERIES ALONE ARE NOT ENOUGH https://www.taxtmi.com/article/detailed?id=15973 https://www.taxtmi.com/article/detailed?id=15973 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI INSPECTION OF GOODS IN MOVEMENT UNDER GST - PART 1 https://www.taxtmi.com/article/detailed?id=15972 https://www.taxtmi.com/article/detailed?id=15972 Sat, 07 Mar 2026 17:44:58 +0530 GST Articles TaxLaws TaxTMI Anti-Dumping Duty on Toluene Di-Isocyanate (TDI) 80:20 Government of India Notification No. 03/2026-Customs (ADD) https://www.taxtmi.com/article/detailed?id=15971 https://www.taxtmi.com/article/detailed?id=15971 Sat, 07 Mar 2026 17:44:58 +0530 Customs Articles TaxLaws TaxTMI An Introduction to ISO 13485 - Quality management systems for the full medical device lifecycle https://www.taxtmi.com/article/detailed?id=15970 https://www.taxtmi.com/article/detailed?id=15970 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Articles TaxTMI Estoppel by conduct bars refund of voluntarily paid customs duty; amendment held prospective and refund claim rejected. https://www.taxtmi.com/highlights?id=97453 https://www.taxtmi.com/highlights?id=97453 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Prima Facie Satisfaction to Trial: admissible Customs Act statements and approver confessions can justify refusal to discharge. https://www.taxtmi.com/highlights?id=97452 https://www.taxtmi.com/highlights?id=97452 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Show Cause Notice under Section 124: mandatory written notice and personal hearing required before confiscation; non-compliance vitiates order. https://www.taxtmi.com/highlights?id=97451 https://www.taxtmi.com/highlights?id=97451 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Failure to record reasons in administrative orders breaches natural justice, requiring reconsideration and a reasoned decision. https://www.taxtmi.com/highlights?id=97450 https://www.taxtmi.com/highlights?id=97450 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Fair and equitable distribution: employee payouts meeting recorded undertaking upheld, and operational creditors' liquidation-value floor satisfied. https://www.taxtmi.com/highlights?id=97449 https://www.taxtmi.com/highlights?id=97449 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Limitation Act acknowledgement extended limitation, enabling timely insolvency petition; admission and appointment upheld. https://www.taxtmi.com/highlights?id=97448 https://www.taxtmi.com/highlights?id=97448 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Security Cheque as Voluntary Guaranty permits enforcement of a foreign arbitral award against the non party issuer. https://www.taxtmi.com/highlights?id=97447 https://www.taxtmi.com/highlights?id=97447 Sat, 07 Mar 2026 17:44:58 +0530 Corporate Laws Highlights TaxLaws TaxTMI Consolidation of tax periods impermissible; show cause notice quashed and reissuance allowed only year wise under limitation regime. https://www.taxtmi.com/highlights?id=97446 https://www.taxtmi.com/highlights?id=97446 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Consolidation of Tax Periods is impermissible; multi year show cause notices must be issued year wise per statutory limitation. https://www.taxtmi.com/highlights?id=97445 https://www.taxtmi.com/highlights?id=97445 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Garnishee notice withdrawal ordered; account access restored pending departmental re examination after document submission within prescribed timeframe. https://www.taxtmi.com/highlights?id=97444 https://www.taxtmi.com/highlights?id=97444 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Faceless Assessing Officer jurisdiction upheld as a writ worthy jurisdictional challenge, leading to interim relief against reassessment. https://www.taxtmi.com/highlights?id=97443 https://www.taxtmi.com/highlights?id=97443 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Blocking of Input Tax Credit under Rule 86A sustained, but petitioner granted hearing and representation before final decision. https://www.taxtmi.com/highlights?id=97438 https://www.taxtmi.com/highlights?id=97438 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Export of Services rules: receiver location controls export status; services treated as exported and not taxable. https://www.taxtmi.com/highlights?id=97437 https://www.taxtmi.com/highlights?id=97437 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Support services to animal husbandry: semen sex sorting is job work, classifiable under Heading 9986 and exempt from GST. https://www.taxtmi.com/highlights?id=97436 https://www.taxtmi.com/highlights?id=97436 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Exemption for consultancy to local authority: GST relief where pure services relate to municipal functions, so exempt. https://www.taxtmi.com/highlights?id=97435 https://www.taxtmi.com/highlights?id=97435 Sat, 07 Mar 2026 17:44:58 +0530 GST Highlights TaxLaws TaxTMI Validity of certificate under Section 197: impugned 10% withholding quashed and nil-rate certificate directed promptly. https://www.taxtmi.com/highlights?id=97434 https://www.taxtmi.com/highlights?id=97434 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Trust registration cancellation requires recorded finding of non genuine activities or actions outside objects; surplus alone is insufficient. https://www.taxtmi.com/highlights?id=97433 https://www.taxtmi.com/highlights?id=97433 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Faceless assessment procedure requires a show cause opportunity where draft proposes prejudicial variation; omission invalidates final assessment. https://www.taxtmi.com/highlights?id=97432 https://www.taxtmi.com/highlights?id=97432 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Statutory exclusion under Section 96 bars scheme relief for reassessments based on search-found incriminating material; circulars cannot override. https://www.taxtmi.com/highlights?id=97431 https://www.taxtmi.com/highlights?id=97431 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Non deduction of TDS on contractual payments overturned after reconciliations; estimation from Form 26AS also deleted. https://www.taxtmi.com/highlights?id=97430 https://www.taxtmi.com/highlights?id=97430 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Explanation 3 to Section 43(1) cannot be invoked without AO's recorded satisfaction and prior Joint Commissioner approval. https://www.taxtmi.com/highlights?id=97429 https://www.taxtmi.com/highlights?id=97429 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile accounting. https://www.taxtmi.com/highlights?id=97428 https://www.taxtmi.com/highlights?id=97428 Sat, 07 Mar 2026 17:44:58 +0530 Income Tax Highlights TaxLaws TaxTMI Benami property review jurisdiction limited to new evidence or manifest error; retracted statement without corroboration cannot sustain attachment. https://www.taxtmi.com/highlights?id=97427 https://www.taxtmi.com/highlights?id=97427 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Pre-execution judicial review of preventive detention is constrained by judicial self-restraint; absconding detenues generally barred from relief. https://www.taxtmi.com/highlights?id=97426 https://www.taxtmi.com/highlights?id=97426 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Voluntariness of statement: statements in an unknown language and retracted admissions undermine valuation adjustments and penalties. https://www.taxtmi.com/highlights?id=97425 https://www.taxtmi.com/highlights?id=97425 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Necessary Party Test: impleadment refused as resolution professional can represent corporate debtor and appeal proceeds without applicant. https://www.taxtmi.com/highlights?id=97424 https://www.taxtmi.com/highlights?id=97424 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Pre-existing dispute plausibility barred the insolvency petition and the demand notice was prima facie premature under contract terms. https://www.taxtmi.com/highlights?id=97423 https://www.taxtmi.com/highlights?id=97423 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Lease Deed validity denied where unauthorized execution and no proof of consideration; disputed asset excluded from insolvency estate. https://www.taxtmi.com/highlights?id=97422 https://www.taxtmi.com/highlights?id=97422 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Proceeds of crime includes property value or equivalent, allowing attachment even if the holder is not accused. https://www.taxtmi.com/highlights?id=97421 https://www.taxtmi.com/highlights?id=97421 Sat, 07 Mar 2026 17:44:58 +0530 PMLA Highlights TaxLaws TaxTMI Round tripping found where overseas WOS used to obtain foreign borrowings and reinvest in domestic group, penalties sustained. https://www.taxtmi.com/highlights?id=97420 https://www.taxtmi.com/highlights?id=97420 Sat, 07 Mar 2026 17:44:58 +0530 FEMA Highlights TaxLaws TaxTMI Renting of immovable property exclusion: leased hotel premises remain excluded as buildings used for accommodation; Explanation 2 not attracted. https://www.taxtmi.com/highlights?id=97419 https://www.taxtmi.com/highlights?id=97419 Sat, 07 Mar 2026 17:44:58 +0530 Service Tax Highlights TaxLaws TaxTMI Cum-tax valuation: invoices showing tax separately prevent cum-tax benefit; tax and interest payable, penalty relief granted. https://www.taxtmi.com/highlights?id=97418 https://www.taxtmi.com/highlights?id=97418 Sat, 07 Mar 2026 17:44:58 +0530 Service Tax Highlights TaxLaws TaxTMI Gate pass applicability for sending food waste from SEZ /forum/issue?id=120779 /forum/issue?id=120779 Sat, 07 Mar 2026 17:44:58 +0530 Customs Discussion-Forum TaxLaws TaxTMI Rupee rebounds from lowest level to settle 41 paise higher at 91.64 against US dollar https://www.taxtmi.com/news?id=71410 https://www.taxtmi.com/news?id=71410 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI India seeks US cover for Middle East energy cargoes: Source https://www.taxtmi.com/news?id=71409 https://www.taxtmi.com/news?id=71409 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Tension over Strait of Hormuz threatens India's tea exports to Gulf markets https://www.taxtmi.com/news?id=71408 https://www.taxtmi.com/news?id=71408 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Applications Are Open for ClimateLaunchpad, the World’s Largest Green Business Ideas Competition https://www.taxtmi.com/news?id=71407 https://www.taxtmi.com/news?id=71407 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Categorization of Mutual Fund Schemes: uniform scheme categories, allocation rules and overlap limits imposed with compliance timelines. https://www.taxtmi.com/highlights?id=97442 https://www.taxtmi.com/highlights?id=97442 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws Highlights TaxTMI Clear downward pressures on China's GDP growth, but nothing for India to celebrate: Cong https://www.taxtmi.com/news?id=71406 https://www.taxtmi.com/news?id=71406 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Sample Testing Timelines mandated for revenue laboratories to report category-based tests from date of receipt, subject to capacity constraints. https://www.taxtmi.com/highlights?id=97441 https://www.taxtmi.com/highlights?id=97441 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Hazardous cargo declaration at item level required; system flags such goods and officers must record details if CTH changes. https://www.taxtmi.com/highlights?id=97440 https://www.taxtmi.com/highlights?id=97440 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional clearance. https://www.taxtmi.com/highlights?id=97439 https://www.taxtmi.com/highlights?id=97439 Sat, 07 Mar 2026 17:44:58 +0530 Customs Highlights TaxLaws TaxTMI Policy Reforms That Transformed Business Environment. https://www.taxtmi.com/news?id=71405 https://www.taxtmi.com/news?id=71405 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI IICA Hosts “Meet the Legend” Session for PGIP Cohort on GST and PMLA–IBC Interplay. https://www.taxtmi.com/news?id=71404 https://www.taxtmi.com/news?id=71404 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI From Chennai Super Kings (CSK) to Clean Mobility and ZGolf: Zaggle Broadens its Enterprise and Ecosystem Strategy https://www.taxtmi.com/news?id=71403 https://www.taxtmi.com/news?id=71403 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Rupee rebounds from lowest level to settle 45 paise higher at 91.60 against US dollar https://www.taxtmi.com/news?id=71402 https://www.taxtmi.com/news?id=71402 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI NelsonHall Recognizes LTM as a Leader in GenAI Process Automation for Banking https://www.taxtmi.com/news?id=71401 https://www.taxtmi.com/news?id=71401 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Pak considering weekly petroleum price revision, mandatory work from home to ‘keep markets liquid’ https://www.taxtmi.com/news?id=71400 https://www.taxtmi.com/news?id=71400 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI Russia always ready to supply crude oil to India: Envoy https://www.taxtmi.com/news?id=71399 https://www.taxtmi.com/news?id=71399 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI IVCA Conclave 2026 Marks 15 Years of Shaping India's Alternate Capital Ecosystem https://www.taxtmi.com/news?id=71398 https://www.taxtmi.com/news?id=71398 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI HOOKAH. WHETHER FOOD OR OTHER ARTICLE FOR HUMAN CONSUMPTION /forum/issue?id=120795 /forum/issue?id=120795 Sat, 07 Mar 2026 17:44:58 +0530 GST Discussion-Forum TaxLaws TaxTMI i-exceed Technology Solutions Headlines IFIF 2026 as Principal Partner https://www.taxtmi.com/news?id=71397 https://www.taxtmi.com/news?id=71397 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI GHR Lakshmi Urbanblocks LLP Takes Top Honour by Winning Realty+'Developer of the Year – Residential' Award 2026 https://www.taxtmi.com/news?id=71396 https://www.taxtmi.com/news?id=71396 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI 7th India–Japan CEPA Joint Committee Meeting Held in Tokyo; Secretary, Department of Commerce Shri Rajesh Agrawal Co-Chairs Discussions. https://www.taxtmi.com/news?id=71395 https://www.taxtmi.com/news?id=71395 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI CCI approves acquisition of additional shareholding in Generali Central Insurance Company and Generali Central Life Insurance by Central Bank of India. https://www.taxtmi.com/news?id=71394 https://www.taxtmi.com/news?id=71394 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI CCI approves acquisition of certain shareholding in Balaji Wafers by General Atlantic Singapore BWP Pte. https://www.taxtmi.com/news?id=71393 https://www.taxtmi.com/news?id=71393 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI CCI approves proposed combination inter alia involving acquisition of certain stake by Bagmane Prime Office REIT of Bagmane Developers and others. https://www.taxtmi.com/news?id=71392 https://www.taxtmi.com/news?id=71392 Sat, 07 Mar 2026 17:44:58 +0530 TaxLaws News TaxTMI TMI Updates - Newsletter dated: March 07, 2026 https://www.taxtmi.com/newsletter?id=03/07/2026 https://www.taxtmi.com/newsletter?id=03/07/2026 Daily Updates Tax