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, 19 Sep 2026 23:01:22 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 LPG subsidy: Aadhaar biometric authentication mandatory for subsidised refills from Oct 1 https://www.taxtmi.com/news?id=74892 https://www.taxtmi.com/news?id=74892 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI ITC on Payment made under section 73 after DGGI Investigation /forum/issue?id=121123 /forum/issue?id=121123 Sat, 19 Sep 2026 23:01:22 +0530 GST Discussion-Forum TaxLaws TaxTMI RBI orders removal of Maharashtra minister Babasaheb Patil, 7 others as directors of Latur DCC Bank https://www.taxtmi.com/news?id=74891 https://www.taxtmi.com/news?id=74891 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI US tariffs on Indian goods: A Chronology https://www.taxtmi.com/news?id=74890 https://www.taxtmi.com/news?id=74890 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacement application forms. https://www.taxtmi.com/highlights?id=103978 https://www.taxtmi.com/highlights?id=103978 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Income-tax (Fourth Amendment) Rules, 2026 - 176. Procedure for faceless assessment, reassessment or recomputation - Rule 225. Procedure for recovery of tax - 246. Application for registration as valuer - 256. Application for registration for income-tax practitioners https://www.taxtmi.com/notifications?id=146980 https://www.taxtmi.com/notifications?id=146980 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Notifications TaxLaws TaxTMI Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not selected. https://www.taxtmi.com/highlights?id=103977 https://www.taxtmi.com/highlights?id=103977 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Sea cargo manifest compliance requires timely electronic filing, with SCMTR implementation scheduled to govern cargo clearance at Cochin Port. https://www.taxtmi.com/highlights?id=103976 https://www.taxtmi.com/highlights?id=103976 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Graft case: Kerl BJP chief alleges 'fixed match' between Congress, CPM https://www.taxtmi.com/news?id=74889 https://www.taxtmi.com/news?id=74889 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI India's FTAs opening new career opportunities for youth: PM Modi https://www.taxtmi.com/news?id=74888 https://www.taxtmi.com/news?id=74888 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Retrenchment Compensation under Section 10(10B) and Leave Encashment Exemption under Section 10(10AA) https://www.taxtmi.com/tmi_notes?id=2501 https://www.taxtmi.com/tmi_notes?id=2501 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Notes TaxLaws TaxTMI Renewal of Registration under Section 12AB for Charitable Hospitals Engaged in Medical Relief: Retrospective Cancellation https://www.taxtmi.com/tmi_notes?id=2500 https://www.taxtmi.com/tmi_notes?id=2500 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Notes TaxLaws TaxTMI Contractual Reimbursement of Incremental GST on Works Contracts and the Statutory-Contractual Divide https://www.taxtmi.com/tmi_notes?id=2499 https://www.taxtmi.com/tmi_notes?id=2499 Sat, 19 Sep 2026 23:01:22 +0530 GST Notes TaxLaws TaxTMI Supersession of the Notification No. S.O. 91, dated 19th March, 2026 https://www.taxtmi.com/notifications?id=146888 https://www.taxtmi.com/notifications?id=146888 Sat, 19 Sep 2026 23:01:22 +0530 GST Notifications TaxLaws TaxTMI AutomationEdge Launched Assist-Edge at Global Fintech Fest 2026, Redefining How Enterprises Build and Scale Automation https://www.taxtmi.com/news?id=74887 https://www.taxtmi.com/news?id=74887 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Waiver of Late Fee on Supplementary Bills of Entry under Section 46(3) of the Customs Act, 1962: Excess Cargo and the Sufficient-Cause https://www.taxtmi.com/tmi_notes?id=2498 https://www.taxtmi.com/tmi_notes?id=2498 Sat, 19 Sep 2026 23:01:22 +0530 Customs Notes TaxLaws TaxTMI BC.GAME's BC Engine Rewards Surpass $8.6 Million as Ecosystem Growth Accelerates https://www.taxtmi.com/news?id=74886 https://www.taxtmi.com/news?id=74886 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI THE INHERENT SEPARATION OF ROLES IN GST: JURISDICTIONAL VALIDITY OF DUAL AUDIT-ADJUDICATION ORDERS https://www.taxtmi.com/article/detailed?id=17433 https://www.taxtmi.com/article/detailed?id=17433 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI NLMC’s 21st Board Meeting Reviews progress of monetisation programme; stresses on Accelerated Asset Monetisation; https://www.taxtmi.com/news?id=74885 https://www.taxtmi.com/news?id=74885 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Eligibility of ITC as per Circular 241/35/2024 Dtd 31.12.2024 /forum/issue?id=121129 /forum/issue?id=121129 Sat, 19 Sep 2026 23:01:22 +0530 GST Discussion-Forum TaxLaws TaxTMI IDFC FIRST Bank introduces Zero Forex Markup across all its Credit Cards, existing and new. https://www.taxtmi.com/news?id=74884 https://www.taxtmi.com/news?id=74884 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Depreciation for undertaking engaged in generation or generation and distribution of power under ITA 61 and ITA 25 - some suggestions for simplicity and flexibility. https://www.taxtmi.com/article/detailed?id=17434 https://www.taxtmi.com/article/detailed?id=17434 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Articles TaxLaws TaxTMI International Financial Services Centres Authority (Electronic Trading Platforms) Regulations, 2026. https://www.taxtmi.com/notifications?id=146998 https://www.taxtmi.com/notifications?id=146998 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Notifications TaxTMI Wage Ceiling under Code on Social Security, 2020 https://www.taxtmi.com/notifications?id=146997 https://www.taxtmi.com/notifications?id=146997 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Notifications TaxTMI If not now, then when?. The honeymoon period already over in September 2025. https://www.taxtmi.com/article/detailed?id=17432 https://www.taxtmi.com/article/detailed?id=17432 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI Who is a Proper Officer to adjudicate Penalties U/S 122 Pre-Deposits requirement for SCN issued for Penalty only prior to Oct 1, 2025 https://www.taxtmi.com/article/detailed?id=17431 https://www.taxtmi.com/article/detailed?id=17431 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI The BRICS AEO Action Plan 2026: From Certificates to Connected Ecosystems https://www.taxtmi.com/article/detailed?id=17430 https://www.taxtmi.com/article/detailed?id=17430 Sat, 19 Sep 2026 23:01:22 +0530 Customs Articles TaxLaws TaxTMI Improper invocation of Section 74 is no more res integra https://www.taxtmi.com/article/detailed?id=17429 https://www.taxtmi.com/article/detailed?id=17429 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI Customs cases pre-deposit relaxation. In Sea Queen sincerity diligence caused loss and doors for justice were unjustifiably closed whereas Techmax by adopting delaying tactics tax payer gained. https://www.taxtmi.com/article/detailed?id=17428 https://www.taxtmi.com/article/detailed?id=17428 Sat, 19 Sep 2026 23:01:22 +0530 Customs Articles TaxLaws TaxTMI Advocate-Client Privilege Limits: GST investigations may examine counsel conduct while preserving unrelated client data confidentiality https://www.taxtmi.com/highlights?id=103975 https://www.taxtmi.com/highlights?id=103975 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Same-subject-matter bar under GST requires identical contravention, so distinct credit allegations proceed through statutory appeals. https://www.taxtmi.com/highlights?id=103974 https://www.taxtmi.com/highlights?id=103974 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Statutory appellate remedy channels parallel GST proceedings and jurisdiction objections from writ review to factual appellate examination. https://www.taxtmi.com/highlights?id=103973 https://www.taxtmi.com/highlights?id=103973 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy in GST adjudication generally bars writ review after an Order-in-Original, absent patent jurisdictional error. https://www.taxtmi.com/highlights?id=103972 https://www.taxtmi.com/highlights?id=103972 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI GST reimbursement for post-GST works contracts requires assessment under the notification's applicable provision, not the pre-GST clause. https://www.taxtmi.com/highlights?id=103971 https://www.taxtmi.com/highlights?id=103971 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI GST registration cancellation beyond show-cause notice was quashed, with fresh proceedings permitted after a hearing. https://www.taxtmi.com/highlights?id=103970 https://www.taxtmi.com/highlights?id=103970 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Special GST law bars general criminal prosecution where alleged tax defaults are already addressed under the CGST framework. https://www.taxtmi.com/highlights?id=103969 https://www.taxtmi.com/highlights?id=103969 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy requires appellate exhaustion before direct writ challenges to GST assessment and rectification orders proceed. https://www.taxtmi.com/highlights?id=103968 https://www.taxtmi.com/highlights?id=103968 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Weekly-market fee collection rights leased by Panchayats remain public-authority functions and fall outside GST when linked to markets and fairs. https://www.taxtmi.com/highlights?id=103967 https://www.taxtmi.com/highlights?id=103967 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Bovine semen sorting is taxable as a scientific and technical service, not exempt animal husbandry support. https://www.taxtmi.com/highlights?id=103966 https://www.taxtmi.com/highlights?id=103966 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Input tax credit on land-survey services is unavailable for land surrendered to fulfil afforestation obligations. https://www.taxtmi.com/highlights?id=103965 https://www.taxtmi.com/highlights?id=103965 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Specific condonation circular governs delayed co-operative society returns claiming Section 80P deductions amid genuine hardship. https://www.taxtmi.com/highlights?id=103964 https://www.taxtmi.com/highlights?id=103964 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within statutory limitation. https://www.taxtmi.com/highlights?id=103963 https://www.taxtmi.com/highlights?id=103963 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Section 47(xiii) succession remains exempt despite pre-conversion capital withdrawals, while section 153A fails without incriminating material. https://www.taxtmi.com/highlights?id=103962 https://www.taxtmi.com/highlights?id=103962 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Venture capital fund exemption survives separate schemes, trustees' fiduciary holdings, and uncancelled regulatory registration for tax purposes. https://www.taxtmi.com/highlights?id=103961 https://www.taxtmi.com/highlights?id=103961 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Section 270A penalties cannot rest on disclosed APA adjustments, precedent-supported CSR claims, or later retrospective education-cess amendments. https://www.taxtmi.com/highlights?id=103960 https://www.taxtmi.com/highlights?id=103960 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Functional characterisation of spare replacement services supports TNMM over RPM where customer and resale-price control are absent. https://www.taxtmi.com/highlights?id=103959 https://www.taxtmi.com/highlights?id=103959 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Modified returns after business reorganisation must be assessed within pending proceedings, barring parallel scrutiny and consequential transfer pricing action. https://www.taxtmi.com/highlights?id=103958 https://www.taxtmi.com/highlights?id=103958 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Information suggesting income escapement cannot support reassessment where it merely seeks verification through a roving inquiry. https://www.taxtmi.com/highlights?id=103957 https://www.taxtmi.com/highlights?id=103957 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Valid reassessment information excludes demerger receipts already taxed by resulting company, defeating extended limitation for reassessment. https://www.taxtmi.com/highlights?id=103956 https://www.taxtmi.com/highlights?id=103956 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Service of reassessment notices to inactive contact details requires renewed response opportunity before consequential proceedings can stand. https://www.taxtmi.com/highlights?id=103955 https://www.taxtmi.com/highlights?id=103955 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Alternative concession on agricultural-loss disallowance barred a subsequent challenge to the accepted disallowance in appellate proceedings. https://www.taxtmi.com/highlights?id=103954 https://www.taxtmi.com/highlights?id=103954 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment safeguards require independent inquiry, compliance with approved insolvency plans, third-party disclosure, and statutory limitation. https://www.taxtmi.com/highlights?id=103953 https://www.taxtmi.com/highlights?id=103953 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Functional and financial comparability excludes companies lacking verifiable disclosures, similar business profiles, or qualifying employee costs. https://www.taxtmi.com/highlights?id=103952 https://www.taxtmi.com/highlights?id=103952 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Turnover mismatches under percentage-completion accounting cannot alone establish suppressed income where customer advances remain recorded as liabilities. https://www.taxtmi.com/highlights?id=103951 https://www.taxtmi.com/highlights?id=103951 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Electronic DRP directions trigger final assessment limitation, rendering assessments completed after the statutory period time-barred and void. https://www.taxtmi.com/highlights?id=103950 https://www.taxtmi.com/highlights?id=103950 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Permissive possession under a development agreement does not trigger capital gains transfer where it is limited to construction. https://www.taxtmi.com/highlights?id=103949 https://www.taxtmi.com/highlights?id=103949 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Software development comparability requires employee-cost filtering and segmental data; unsupported CUP receivables interest adjustments fail. https://www.taxtmi.com/highlights?id=103948 https://www.taxtmi.com/highlights?id=103948 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Modified returns under unilateral advance pricing agreements require pending assessments to conform to agreed transfer-pricing terms. https://www.taxtmi.com/highlights?id=103947 https://www.taxtmi.com/highlights?id=103947 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Settled tariff classification bars renewed duty drawback misclassification notices for nuts, bolts, washers, hand tools and allied goods. https://www.taxtmi.com/highlights?id=103946 https://www.taxtmi.com/highlights?id=103946 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Animal feed premix classification places vitamin and enzyme mixtures within animal-feed preparations rather than chemical or enzyme headings. https://www.taxtmi.com/highlights?id=103945 https://www.taxtmi.com/highlights?id=103945 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Section 108 statements in gold-smuggling cases require cross-examination and corroboration, sustaining liability while enabling lower penalties. https://www.taxtmi.com/highlights?id=103944 https://www.taxtmi.com/highlights?id=103944 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Tariff classification of refractory mortar excludes the chromium ore heading, eliminating export duty and related penalties. https://www.taxtmi.com/highlights?id=103943 https://www.taxtmi.com/highlights?id=103943 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Oppression in quasi-partnership companies protects excluded founders, while Swiss Challenge buyouts can validly resolve irretrievable shareholder deadlock. https://www.taxtmi.com/highlights?id=103942 https://www.taxtmi.com/highlights?id=103942 Sat, 19 Sep 2026 23:01:22 +0530 Corporate Laws Highlights TaxLaws TaxTMI Private-courier service validates an insolvency demand notice when delivery gives the debtor notice and opportunity to respond. https://www.taxtmi.com/highlights?id=103941 https://www.taxtmi.com/highlights?id=103941 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI PMLA proceedings and resolution applicant eligibility: pending attachments do not bar plan approval without the prescribed conviction. https://www.taxtmi.com/highlights?id=103940 https://www.taxtmi.com/highlights?id=103940 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Continuing personal guarantees survive consent awards, debt restructuring and third-party assumptions unless creditors expressly release the guarantor. https://www.taxtmi.com/highlights?id=103939 https://www.taxtmi.com/highlights?id=103939 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Security interest under lease deeds requires an existing consensual charge, leaving statutory development dues unsecured in insolvency. https://www.taxtmi.com/highlights?id=103938 https://www.taxtmi.com/highlights?id=103938 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Speedy trial rights and co-accused parity support regular bail in prolonged money-laundering prosecutions subject to strict conditions. https://www.taxtmi.com/highlights?id=103937 https://www.taxtmi.com/highlights?id=103937 Sat, 19 Sep 2026 23:01:22 +0530 PMLA Highlights TaxLaws TaxTMI Post-merger cheque validity bars dishonour prosecution when presentation occurs after the prescribed bank-merger replacement deadline. https://www.taxtmi.com/highlights?id=103936 https://www.taxtmi.com/highlights?id=103936 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI ROC related Query................. /forum/issue?id=121128 /forum/issue?id=121128 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI India's forex reserves drop by USD 4.924 billion to USD 780.782 billion: RBI data https://www.taxtmi.com/news?id=74883 https://www.taxtmi.com/news?id=74883 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Road and Infrastructure Cess on exported petrol and diesel is reduced to nil from the notification's effective date. https://www.taxtmi.com/highlights?id=103935 https://www.taxtmi.com/highlights?id=103935 Sat, 19 Sep 2026 23:01:22 +0530 Excise Highlights TaxLaws TaxTMI Special additional excise duty on exported aviation turbine fuel is revised, applying from Official Gazette publication. https://www.taxtmi.com/highlights?id=103934 https://www.taxtmi.com/highlights?id=103934 Sat, 19 Sep 2026 23:01:22 +0530 Excise Highlights TaxLaws TaxTMI Territorial jurisdiction for money-laundering trials is revised for specified districts, replacing earlier court-area entries under the statutory framework. https://www.taxtmi.com/highlights?id=103933 https://www.taxtmi.com/highlights?id=103933 Sat, 19 Sep 2026 23:01:22 +0530 PMLA Highlights TaxLaws TaxTMI Special additional excise duty on petrol and diesel exports revised, with new rates effective upon Gazette publication. https://www.taxtmi.com/highlights?id=103932 https://www.taxtmi.com/highlights?id=103932 Sat, 19 Sep 2026 23:01:22 +0530 Excise Highlights TaxLaws TaxTMI Export General Manifest compliance requires correcting EGM errors or filing departure manifests to avoid delays in export incentives. https://www.taxtmi.com/highlights?id=103931 https://www.taxtmi.com/highlights?id=103931 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Pre-Shipment Inspection Certificates must be issued promptly, with limited transitional relief for system-blocked backlog certificates. https://www.taxtmi.com/highlights?id=103930 https://www.taxtmi.com/highlights?id=103930 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Territorial GST jurisdiction limits detention and confiscation of inter-State consignments passing through a non-entitled transit State. https://www.taxtmi.com/highlights?id=103929 https://www.taxtmi.com/highlights?id=103929 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Consolidated GST show cause notices may span financial years, but each demand component requires independent limitation and fraud scrutiny. https://www.taxtmi.com/highlights?id=103928 https://www.taxtmi.com/highlights?id=103928 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Authorised Officers under Section 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS (Import) Regulation, 2017 https://www.taxtmi.com/circulars?id=71367 https://www.taxtmi.com/circulars?id=71367 Sat, 19 Sep 2026 23:01:22 +0530 Customs Circulars TaxLaws TaxTMI Govt eases sugar stockholding limit for bulk users to 30 days ahead of festive season https://www.taxtmi.com/news?id=74882 https://www.taxtmi.com/news?id=74882 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI 25th Meeting of SCO Ministers Responsible for Economic and Foreign Trade Activities Held in Tajikistan https://www.taxtmi.com/news?id=74881 https://www.taxtmi.com/news?id=74881 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI India–Nepal Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to Control Unauthorised Trade Meets in New Delhi https://www.taxtmi.com/news?id=74880 https://www.taxtmi.com/news?id=74880 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI OnEMI Technology Solutions Limited’s Board Approves Fundraise of approximately ?832 Crore through a Preferential Issue of Securities https://www.taxtmi.com/news?id=74879 https://www.taxtmi.com/news?id=74879 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI CGST Delhi South officers bust firm in fraudulent availment of ITC involving over Rs. 25.22 crore; proprietor arrested https://www.taxtmi.com/news?id=74878 https://www.taxtmi.com/news?id=74878 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Seeks to amend Notification No. 06/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on export of petrol and diesel https://www.taxtmi.com/notifications?id=146956 https://www.taxtmi.com/notifications?id=146956 Sat, 19 Sep 2026 23:01:22 +0530 Excise Notifications TaxLaws TaxTMI Seeks to amend Notification No. 08/2026-Central Excise, dated the 26th March, 2026 - Special Additional Excise Duty on Aviation Turbine Fuel when cleared for export https://www.taxtmi.com/notifications?id=146957 https://www.taxtmi.com/notifications?id=146957 Sat, 19 Sep 2026 23:01:22 +0530 Excise Notifications TaxLaws TaxTMI Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sep 17 on higher advance tax mop-up https://www.taxtmi.com/news?id=74877 https://www.taxtmi.com/news?id=74877 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Seeks to amend Notification No. 11/2026-Central Excise, dated the 26th March, 2026 - Road and Infrastructure Cess for petrol and diesel, when cleared for exports https://www.taxtmi.com/notifications?id=146958 https://www.taxtmi.com/notifications?id=146958 Sat, 19 Sep 2026 23:01:22 +0530 Excise Notifications TaxLaws TaxTMI Protean launches next-generation KYC Onboarding Reporting Solution at Global Fintech Fest 2026 https://www.taxtmi.com/news?id=74876 https://www.taxtmi.com/news?id=74876 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Japan's central bank raises benchmark interest rate to 1.25 pc, highest in 31 years https://www.taxtmi.com/news?id=74875 https://www.taxtmi.com/news?id=74875 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Net direct tax collection rises 13 pc to Rs 12.12 lakh cr till Sept 17 on higher advance tax mop-up https://www.taxtmi.com/news?id=74874 https://www.taxtmi.com/news?id=74874 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI SP Group backs Tata Sons listing, bolstering board's push despite Trusts' opposition https://www.taxtmi.com/news?id=74873 https://www.taxtmi.com/news?id=74873 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Implementation of Risk-Based Selective Boarding of Vessels under the jurisdiction of the Customs (Preventive) Commissionerate, Bhubaneswar https://www.taxtmi.com/circulars?id=71356 https://www.taxtmi.com/circulars?id=71356 Sat, 19 Sep 2026 23:01:22 +0530 Customs Circulars TaxLaws TaxTMI Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018 https://www.taxtmi.com/circulars?id=71355 https://www.taxtmi.com/circulars?id=71355 Sat, 19 Sep 2026 23:01:22 +0530 Customs Circulars TaxLaws TaxTMI TDS GST Implication on debit note received from parent company /forum/issue?id=121127 /forum/issue?id=121127 Sat, 19 Sep 2026 23:01:22 +0530 GST Discussion-Forum TaxLaws TaxTMI Shapoor Mistry backs Tata Sons listing, calls it opportunity for greater accountability https://www.taxtmi.com/news?id=74872 https://www.taxtmi.com/news?id=74872 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Public Notice containing therein list of EGM Errors for the Month of July- 2026 https://www.taxtmi.com/circulars?id=71353 https://www.taxtmi.com/circulars?id=71353 Sat, 19 Sep 2026 23:01:22 +0530 Customs Circulars TaxLaws TaxTMI GST ON CONSULTANCY SERVICE TO FOREIGN COMPNAY /forum/issue?id=121126 /forum/issue?id=121126 Sat, 19 Sep 2026 23:01:22 +0530 GST Discussion-Forum TaxLaws TaxTMI India Welcomes Passage of New Zealand Legislation to Give Effect to India-New Zealand FTA https://www.taxtmi.com/news?id=74871 https://www.taxtmi.com/news?id=74871 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI CCI approves acquisition of certain additional shareholding in Azure Power Global Limited by OMERS Infrastructure Asia Holdings Pte. Ltd. https://www.taxtmi.com/news?id=74870 https://www.taxtmi.com/news?id=74870 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI CCI approves acquisition of certain equity share capital of Great White Global Pvt Ltd by ISAF III Onshore Fund, India Special Assets Fund III, Special Situation India Fund, others and related transactions https://www.taxtmi.com/news?id=74869 https://www.taxtmi.com/news?id=74869 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI CCI approves acquisition of three professional cricket franchises: Rajasthan Royals (India), Paarl Royals (South Africa) and Barbados Royals (Barbados) by Westview Cricket Ltd. and Poonawalla Sports and Fitness Pvt Ltd https://www.taxtmi.com/news?id=74868 https://www.taxtmi.com/news?id=74868 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI Coercion for recovery during GST Investigation: Judicial Safeguards https://www.taxtmi.com/article/detailed?id=17427 https://www.taxtmi.com/article/detailed?id=17427 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI Goods Cannot Remain Detained After Expiry of the Statutory Period under Section 67(7) https://www.taxtmi.com/article/detailed?id=17426 https://www.taxtmi.com/article/detailed?id=17426 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI Service concession arrangements under Ind AS 115 https://www.taxtmi.com/article/detailed?id=17425 https://www.taxtmi.com/article/detailed?id=17425 Sat, 19 Sep 2026 23:01:22 +0530 Auditing Articles TaxLaws TaxTMI SECTION 54F – CAPITAL GAINS TAX EXEMPTION IF RENOVATION IS MADE IN THE EXISTING HOUSE https://www.taxtmi.com/article/detailed?id=17424 https://www.taxtmi.com/article/detailed?id=17424 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Articles TaxLaws TaxTMI Registered Tenant, Unregistered Owner - Who Should Receive the Maintenance Invoice under GST? https://www.taxtmi.com/article/detailed?id=17423 https://www.taxtmi.com/article/detailed?id=17423 Sat, 19 Sep 2026 23:01:22 +0530 GST Articles TaxLaws TaxTMI Binding GST appellate orders require consequential refunds unless statutory withholding safeguards, including hearing, are satisfied. https://www.taxtmi.com/highlights?id=103927 https://www.taxtmi.com/highlights?id=103927 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Parallel GST proceedings for one tax period were quashed while earlier exemption proceedings continue for fresh consideration. https://www.taxtmi.com/highlights?id=103926 https://www.taxtmi.com/highlights?id=103926 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Rule 88C mismatch proceedings require examination before a Section 73 adjudication can be lawfully sustained. https://www.taxtmi.com/highlights?id=103925 https://www.taxtmi.com/highlights?id=103925 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI GST refund limitation permits writ-based delay condonation where double reversal of transitional credit requires statutory reconsideration. https://www.taxtmi.com/highlights?id=103924 https://www.taxtmi.com/highlights?id=103924 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Differential GST on government works contracts must be reimbursed by the service recipient, subject to verification of records and calculations. https://www.taxtmi.com/highlights?id=103923 https://www.taxtmi.com/highlights?id=103923 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Advance ruling jurisdiction under GST requires the applicant's own supply, barring questions on another person's obligations. https://www.taxtmi.com/highlights?id=103922 https://www.taxtmi.com/highlights?id=103922 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Going-concern business transfers qualify as services, but exemption requires proof; otherwise transferred stock and assets are taxable goods. https://www.taxtmi.com/highlights?id=103921 https://www.taxtmi.com/highlights?id=103921 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Battery-free electric vehicles retain preferential GST classification, while input-tax-credit refund claims lie outside advance-ruling jurisdiction. https://www.taxtmi.com/highlights?id=103920 https://www.taxtmi.com/highlights?id=103920 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Self-invoice value for imported related-party services is deemed open market value where full input tax credit is available. https://www.taxtmi.com/highlights?id=103919 https://www.taxtmi.com/highlights?id=103919 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Water-supply exemption excludes infrastructure construction and repair works, leaving pipeline works contracts taxable under GST. https://www.taxtmi.com/highlights?id=103918 https://www.taxtmi.com/highlights?id=103918 Sat, 19 Sep 2026 23:01:22 +0530 GST Highlights TaxLaws TaxTMI Finality of Settlement Orders Bars Reassessment of Housing-Project Deductions Already Covered by the Settlement Process https://www.taxtmi.com/highlights?id=103917 https://www.taxtmi.com/highlights?id=103917 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Section 91 CrPC requires necessary search records; witness recall fails without evidence essential to a just decision. https://www.taxtmi.com/highlights?id=103916 https://www.taxtmi.com/highlights?id=103916 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI TDS refund entitlement under appellate give-effect orders cannot be deferred by post-assessment technical requirements alone. https://www.taxtmi.com/highlights?id=103915 https://www.taxtmi.com/highlights?id=103915 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Subsequently noticed escaped income permits enlargement of pending reassessment using search material without separate pre-notice compliance. https://www.taxtmi.com/highlights?id=103914 https://www.taxtmi.com/highlights?id=103914 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Income accrual for non-residents requires a real Indian nexus, defeating reassessment where rights and activity are overseas. https://www.taxtmi.com/highlights?id=103913 https://www.taxtmi.com/highlights?id=103913 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additions do not increase tax. https://www.taxtmi.com/highlights?id=103912 https://www.taxtmi.com/highlights?id=103912 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI MFN treaty benefits require specific domestic notification, leaving tax refund interest taxable at the Netherlands treaty interest rate. https://www.taxtmi.com/highlights?id=103911 https://www.taxtmi.com/highlights?id=103911 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Assignment of contractual property rights attracts capital gains, while penny-stock sale proceeds may be taxed as unexplained cash credits https://www.taxtmi.com/highlights?id=103910 https://www.taxtmi.com/highlights?id=103910 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Approved valuation reports support improvement-cost claims, while unsupported interior spending cannot qualify for residential reinvestment relief. https://www.taxtmi.com/highlights?id=103909 https://www.taxtmi.com/highlights?id=103909 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Stock exchange compliance charges qualify as deductible business expenditure; bona fide cess claims cannot trigger under-reporting penalties. https://www.taxtmi.com/highlights?id=103908 https://www.taxtmi.com/highlights?id=103908 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions are deleted. https://www.taxtmi.com/highlights?id=103907 https://www.taxtmi.com/highlights?id=103907 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Form No. 9A timing remains prospective, while charitable trusts retain independent statutory accumulation within the permissible limit. https://www.taxtmi.com/highlights?id=103906 https://www.taxtmi.com/highlights?id=103906 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Revised tax audit reports filed before processing require consideration, preventing duplicate tax-withholding disallowances after payer compliance verification. https://www.taxtmi.com/highlights?id=103905 https://www.taxtmi.com/highlights?id=103905 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Section 12AB registration scope protects charitable hospitals despite overseas training, fee-based care, surplus, and disputed regulatory compliance. https://www.taxtmi.com/highlights?id=103904 https://www.taxtmi.com/highlights?id=103904 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Intra-group service benefit evidence prevents nil pricing, while associated-enterprise receivables require LIBOR-based interest benchmarking after the permitted credit period. https://www.taxtmi.com/highlights?id=103903 https://www.taxtmi.com/highlights?id=103903 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Entity-level transfer pricing benchmarking required where interlinked trading and manufacturing transactions cannot be reliably segmented. https://www.taxtmi.com/highlights?id=103902 https://www.taxtmi.com/highlights?id=103902 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer-pricing tolerance for software sub-licensing falls within the services range, eliminating the adjustment and requiring TDS-credit verification. https://www.taxtmi.com/highlights?id=103901 https://www.taxtmi.com/highlights?id=103901 Sat, 19 Sep 2026 23:01:22 +0530 Income Tax Highlights TaxLaws TaxTMI Secured creditor priority does not release benami property from attachment, while notice challenge fails without proven prejudice. https://www.taxtmi.com/highlights?id=103900 https://www.taxtmi.com/highlights?id=103900 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Voluntary Customs Duty Deposits May Be Appropriated in Settlement Despite Limitation on Fresh Demand Proceedings https://www.taxtmi.com/highlights?id=103899 https://www.taxtmi.com/highlights?id=103899 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Writ jurisdiction cannot ordinarily bypass customs appellate remedies, including mandatory pre-deposit, where factual and merits disputes require statutory review. https://www.taxtmi.com/highlights?id=103898 https://www.taxtmi.com/highlights?id=103898 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Natural justice requires determination of a non-party's intervention application before final adjudication of an insolvency petition. https://www.taxtmi.com/highlights?id=103897 https://www.taxtmi.com/highlights?id=103897 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Evidentiary safeguards for statements and electronic records defeated a clandestine-clearance demand lacking independent corroboration entirely. https://www.taxtmi.com/highlights?id=103896 https://www.taxtmi.com/highlights?id=103896 Sat, 19 Sep 2026 23:01:22 +0530 Excise Highlights TaxLaws TaxTMI Anti-dumping duty on wind turbine gear boxes is limited to embedded castings, not the gear boxes as whole. https://www.taxtmi.com/highlights?id=103895 https://www.taxtmi.com/highlights?id=103895 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Customs Broker due diligence requires prescribed KYC, not detecting misdeclarations discoverable only through physical examination, defeating licence revocation. https://www.taxtmi.com/highlights?id=103894 https://www.taxtmi.com/highlights?id=103894 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI Customs transaction value requires stated doubt and sequential valuation before market inquiry can support enhancement. https://www.taxtmi.com/highlights?id=103893 https://www.taxtmi.com/highlights?id=103893 Sat, 19 Sep 2026 23:01:22 +0530 Customs Highlights TaxLaws TaxTMI E-filing system failure permits exclusion of affected time in insolvency appeals, preventing tribunal technology defects from defeating timely filings. https://www.taxtmi.com/highlights?id=103892 https://www.taxtmi.com/highlights?id=103892 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Provident-fund dues outside insolvency waterfall require payment with interest, while damages discretion awaits larger-Bench review. https://www.taxtmi.com/highlights?id=103891 https://www.taxtmi.com/highlights?id=103891 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Pre-existing disputes over outcome-based professional fees can bar Section 9 insolvency proceedings where contractual entitlement requires investigation. https://www.taxtmi.com/highlights?id=103890 https://www.taxtmi.com/highlights?id=103890 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI Statutory omission does not erase earlier FEMA contraventions; delayed foreign-investment reporting attracts civil penalties without proving intent. https://www.taxtmi.com/highlights?id=103889 https://www.taxtmi.com/highlights?id=103889 Sat, 19 Sep 2026 23:01:22 +0530 FEMA Highlights TaxLaws TaxTMI Corresponding scheduled offences preserve money-laundering jurisdiction despite repeal of the central corruption provision where conduct remains covered by amended law. https://www.taxtmi.com/highlights?id=103888 https://www.taxtmi.com/highlights?id=103888 Sat, 19 Sep 2026 23:01:22 +0530 PMLA Highlights TaxLaws TaxTMI Self-help vehicle repossession requires prior notice and fair procedure; arbitrary recovery can trigger restorative and compensatory relief. https://www.taxtmi.com/highlights?id=103887 https://www.taxtmi.com/highlights?id=103887 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws Highlights TaxTMI HIGHLIGHTS https://www.taxtmi.com/news?id=74867 https://www.taxtmi.com/news?id=74867 Sat, 19 Sep 2026 23:01:22 +0530 TaxLaws News TaxTMI TMI Updates - Newsletter dated: September 19, 2026 https://www.taxtmi.com/newsletter?id=09/19/2026 https://www.taxtmi.com/newsletter?id=09/19/2026 Daily Updates Tax