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Wed, 05 Aug 2026 16:41:08 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam https://www.taxtmi.com/news?id=74147 https://www.taxtmi.com/news?id=74147 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Notification Specifying Exemption from TDS Deduction under Section 393(1) on Lease Rent Paid to a unit engaged in the business of leasing of aircraft located in IFSC https://www.taxtmi.com/notifications?id=146244 https://www.taxtmi.com/notifications?id=146244 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Notification Specifying Exemption from TDS Deduction under Section 393(1) on Lease Rent Paid to a unit engaged in the business of leasing of Ship located in IFSC https://www.taxtmi.com/notifications?id=146246 https://www.taxtmi.com/notifications?id=146246 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Notification for Non-Deduction of Tax at Source on Specified Payments to Units in International Financial Services Centres (IFSCs) under the provisions Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146282 https://www.taxtmi.com/notifications?id=146282 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Notification Authorising Sharing of information regarding income-tax payers’ for identifying eligible beneficiaries for the Punyashlok Ahilyadevi Holkar Farmer Loan Waiver Scheme, 2026 https://www.taxtmi.com/notifications?id=146283 https://www.taxtmi.com/notifications?id=146283 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI 'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare https://www.taxtmi.com/news?id=74146 https://www.taxtmi.com/news?id=74146 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Refund arising due to Inverted Duty Structure /forum/issue?id=121058 /forum/issue?id=121058 Wed, 05 Aug 2026 16:41:08 +0530 GST Discussion-Forum TaxLaws TaxTMI RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook https://www.taxtmi.com/news?id=74145 https://www.taxtmi.com/news?id=74145 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI GST applicability on leased out property for residential purpose /forum/issue?id=121057 /forum/issue?id=121057 Wed, 05 Aug 2026 16:41:08 +0530 GST Discussion-Forum TaxLaws TaxTMI Highlights of RBI's August monetary policy https://www.taxtmi.com/news?id=74144 https://www.taxtmi.com/news?id=74144 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI RBI targeting polymer currency notes launch in early FY28: Guv Malhotra https://www.taxtmi.com/news?id=74143 https://www.taxtmi.com/news?id=74143 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Agreement and Protocol between the Republic of India and the Government of the Democratic Socialist Republic of Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income https://www.taxtmi.com/notifications?id=146328 https://www.taxtmi.com/notifications?id=146328 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Central Government specifies the Cost Inflation Index for the financial years 2026-27 https://www.taxtmi.com/notifications?id=146313 https://www.taxtmi.com/notifications?id=146313 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Central Government specifies the bond as zero coupon bond https://www.taxtmi.com/notifications?id=146333 https://www.taxtmi.com/notifications?id=146333 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet https://www.taxtmi.com/news?id=74142 https://www.taxtmi.com/news?id=74142 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Sensex trades higher, Nifty flat post RBI policy https://www.taxtmi.com/news?id=74141 https://www.taxtmi.com/news?id=74141 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026 https://www.taxtmi.com/news?id=74138 https://www.taxtmi.com/news?id=74138 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI https://www.taxtmi.com/news?id=74140 https://www.taxtmi.com/news?id=74140 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case https://www.taxtmi.com/news?id=74139 https://www.taxtmi.com/news?id=74139 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Granting Tax Exemption to Delhi Pollution Control Committee in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146329 https://www.taxtmi.com/notifications?id=146329 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast https://www.taxtmi.com/news?id=74137 https://www.taxtmi.com/news?id=74137 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Transactions not regarded as transfer. - Central Government notifies transfer of capital asset from Nuclear Power Corporation of India Limited u/s 47(viiaf) of IT Act 1961 and U/s 536(2) of Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146332 https://www.taxtmi.com/notifications?id=146332 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to District Legal Service Authority, Jind in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146359 https://www.taxtmi.com/notifications?id=146359 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Kerala Headload Workers Welfare Board, Kochi in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146375 https://www.taxtmi.com/notifications?id=146375 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Fees Regulating Authority in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146393 https://www.taxtmi.com/notifications?id=146393 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Chhattisgarh Real Estate Regulatory Authority (PAN: AAAJC1049H) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146394 https://www.taxtmi.com/notifications?id=146394 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to District Legal Services Authority, Charkhi Dadri (PAN AAAGD1414N) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146461 https://www.taxtmi.com/notifications?id=146461 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Haryana State Board of Technical Education (HSBTE), Panchkula (PAN: AAAGT0008A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146460 https://www.taxtmi.com/notifications?id=146460 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Kerala Real Estate Regulatory Authority (PAN:AAAGK1025N) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a)/(b) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146415 https://www.taxtmi.com/notifications?id=146415 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Noida Special Economic Zone Authority (PAN: AAALN0639A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146477 https://www.taxtmi.com/notifications?id=146477 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146483 https://www.taxtmi.com/notifications?id=146483 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Granting Tax Exemption to Noida Special Economic Zone Authority (PAN: AAALN0639A) in respect of the specified Income under Section 10(46) of the Income-tax Act, 1961 and section section 536(2)(a) to (c) and (e) of the Income-tax Act, 2025. https://www.taxtmi.com/notifications?id=146480 https://www.taxtmi.com/notifications?id=146480 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem https://www.taxtmi.com/news?id=74136 https://www.taxtmi.com/news?id=74136 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the Odisha Joint Entrance Examination Committee under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146484 https://www.taxtmi.com/notifications?id=146484 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis https://www.taxtmi.com/news?id=74135 https://www.taxtmi.com/news?id=74135 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the Noida Special Economic Zone Authority under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146482 https://www.taxtmi.com/notifications?id=146482 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI RBI keeps policy rate unchanged for third time in row amid West Asia crisis https://www.taxtmi.com/news?id=74134 https://www.taxtmi.com/news?id=74134 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited https://www.taxtmi.com/news?id=74133 https://www.taxtmi.com/news?id=74133 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision https://www.taxtmi.com/news?id=74132 https://www.taxtmi.com/news?id=74132 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI When Ego and Arrogance Overshadow Law: A Lesson from the Delhi High Court By Adv. G. Jayaprakash Former Central Excise Officer https://www.taxtmi.com/article/detailed?id=17111 https://www.taxtmi.com/article/detailed?id=17111 Wed, 05 Aug 2026 16:41:08 +0530 Customs Articles TaxLaws TaxTMI Service Tax: Wrong Forum Can Stop the Right Appeal https://www.taxtmi.com/article/detailed?id=17110 https://www.taxtmi.com/article/detailed?id=17110 Wed, 05 Aug 2026 16:41:08 +0530 Service Tax Articles TaxLaws TaxTMI JURISDICTION FOR INTELLIGENCE BASED ENFORCEMENT IN GST https://www.taxtmi.com/article/detailed?id=17109 https://www.taxtmi.com/article/detailed?id=17109 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI Service Tax Appeals Need Finality, Not Mechanical Remand https://www.taxtmi.com/article/detailed?id=17108 https://www.taxtmi.com/article/detailed?id=17108 Wed, 05 Aug 2026 16:41:08 +0530 Service Tax Articles TaxLaws TaxTMI CESS ON PAN MASALA- MISBORN ACT https://www.taxtmi.com/article/detailed?id=17107 https://www.taxtmi.com/article/detailed?id=17107 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI Farewell to the popular word 'notwithstanding' and welcome to phrase 'irrespective of' in the Income-tax Act, 2025.Possibility of unsettling settled things and proving scope of litigation afresh. https://www.taxtmi.com/article/detailed?id=17106 https://www.taxtmi.com/article/detailed?id=17106 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Articles TaxLaws TaxTMI WAYS TO MANAGE RISKS, ASSOCIATED WITH INTERNATIONAL TRADE: A COMPLETE ANALYSIS WITH EXPERT ADVICE, PREDICTIVE AND PREVENTIVE STRATEGIES. https://www.taxtmi.com/article/detailed?id=17105 https://www.taxtmi.com/article/detailed?id=17105 Wed, 05 Aug 2026 16:41:08 +0530 Customs Articles TaxLaws TaxTMI JNCH Public Notice 88/2026: Streamlining Export Procedures for Drugs and Pharmaceuticals. https://www.taxtmi.com/article/detailed?id=17104 https://www.taxtmi.com/article/detailed?id=17104 Wed, 05 Aug 2026 16:41:08 +0530 Customs Articles TaxLaws TaxTMI JNCH Public Notice 2026: Manual Container Bond Procedures Phased Out to Promote Digital Compliance. https://www.taxtmi.com/article/detailed?id=17103 https://www.taxtmi.com/article/detailed?id=17103 Wed, 05 Aug 2026 16:41:08 +0530 Customs Articles TaxLaws TaxTMI Reasoned GST registration cancellation and effective hearing are mandatory; unreasoned cancellation orders require fresh adjudication. https://www.taxtmi.com/highlights?id=102399 https://www.taxtmi.com/highlights?id=102399 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Pre-trial detention in alleged fraudulent input tax credit cases must not become punitive where trial delay and risk factors favour bail. https://www.taxtmi.com/highlights?id=102398 https://www.taxtmi.com/highlights?id=102398 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Effective communication of GST orders justified condoning appeal delay and requiring merits adjudication within the court-directed period. https://www.taxtmi.com/highlights?id=102397 https://www.taxtmi.com/highlights?id=102397 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Reasoned GST registration cancellation orders and a hearing are mandatory; unreasoned ex parte action requires fresh adjudication. https://www.taxtmi.com/highlights?id=102396 https://www.taxtmi.com/highlights?id=102396 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI GST return rectification for wrong GSTIN reporting may preserve input tax credit where correction causes no revenue loss. https://www.taxtmi.com/highlights?id=102395 https://www.taxtmi.com/highlights?id=102395 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Refund rejection requires prior notice of the decisive objection, despite authority to examine consequential relief impediments. https://www.taxtmi.com/highlights?id=102394 https://www.taxtmi.com/highlights?id=102394 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Deemed withdrawal of best-judgment assessments follows delayed GSTR-3B filing when required returns and late fees are furnished. https://www.taxtmi.com/highlights?id=102393 https://www.taxtmi.com/highlights?id=102393 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Deemed withdrawal of best-judgment assessment follows timely valid return filing, while late fee and interest liabilities continue. https://www.taxtmi.com/highlights?id=102392 https://www.taxtmi.com/highlights?id=102392 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Interest and penalty on delayed GST payment remain stayed pending verification of payment through input tax credit adjustment. https://www.taxtmi.com/highlights?id=102391 https://www.taxtmi.com/highlights?id=102391 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Inherent quashing jurisdiction cannot decide disputed defences on non-supply of seized material or wilful failure to file returns. https://www.taxtmi.com/highlights?id=102390 https://www.taxtmi.com/highlights?id=102390 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Eligible industrial deductions and book-profit adjustments turn on income nexus, exempt-fund presumption, valuation, and lawful appellate claims. https://www.taxtmi.com/highlights?id=102389 https://www.taxtmi.com/highlights?id=102389 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Website development depreciation, banking gateway fees, and revenue advertising expenses receive favourable treatment under discussed tax principles. https://www.taxtmi.com/highlights?id=102388 https://www.taxtmi.com/highlights?id=102388 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Foreign-currency loan benchmarking follows the loan currency, while export hedging losses qualify as non-speculative business losses. https://www.taxtmi.com/highlights?id=102387 https://www.taxtmi.com/highlights?id=102387 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Delayed initiation of TDS return penalties after nine years rendered the penalty illegal and unsustainable. https://www.taxtmi.com/highlights?id=102386 https://www.taxtmi.com/highlights?id=102386 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Project-development assistance treated as capital, while infrastructure construction costs may be amortised over the concession period. https://www.taxtmi.com/highlights?id=102385 https://www.taxtmi.com/highlights?id=102385 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Delayed trade receivables require separate transfer pricing benchmarking, subject to debt-free status and an appropriate credit period. https://www.taxtmi.com/highlights?id=102384 https://www.taxtmi.com/highlights?id=102384 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Modified returns, MAT book profit limits, and tested-party selection shape transfer pricing treatment of integrated intra-group services. https://www.taxtmi.com/highlights?id=102383 https://www.taxtmi.com/highlights?id=102383 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustments. https://www.taxtmi.com/highlights?id=102382 https://www.taxtmi.com/highlights?id=102382 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments cannot survive statutory omission. https://www.taxtmi.com/highlights?id=102381 https://www.taxtmi.com/highlights?id=102381 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Share valuation method choice protects DCF valuations from replacement with NAV, though projections remain open to scrutiny. https://www.taxtmi.com/highlights?id=102380 https://www.taxtmi.com/highlights?id=102380 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Penalty immunity requires reconsideration where rectification removes the assessment demand and leaves a refund instead. https://www.taxtmi.com/highlights?id=102379 https://www.taxtmi.com/highlights?id=102379 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Under-reporting penalty applies when taxable income is not returned, even if reassessment disclosure is accepted without additions. https://www.taxtmi.com/highlights?id=102378 https://www.taxtmi.com/highlights?id=102378 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Benami RTGS credits unsupported by independent evidence justified attachment, while unproven prejudice defeated the natural justice challenge. https://www.taxtmi.com/highlights?id=102377 https://www.taxtmi.com/highlights?id=102377 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Highlights TaxTMI Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation right. https://www.taxtmi.com/highlights?id=102376 https://www.taxtmi.com/highlights?id=102376 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Brand rate drawback for bus bodies may coexist with DEPB where duplicate duty reimbursement is not established by evidence. https://www.taxtmi.com/highlights?id=102375 https://www.taxtmi.com/highlights?id=102375 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Made-up textile article classification governs triangular umbrella panels, while full customs disclosure prevents extended limitation in classification disputes. https://www.taxtmi.com/highlights?id=102374 https://www.taxtmi.com/highlights?id=102374 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Abetment penalties require proof that a Customs Broker representative knowingly facilitated improper importation of prohibited goods. https://www.taxtmi.com/highlights?id=102373 https://www.taxtmi.com/highlights?id=102373 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Actual user conditions prohibit disguised sales of duty-free inputs through arrangements labelled as job work. https://www.taxtmi.com/highlights?id=102372 https://www.taxtmi.com/highlights?id=102372 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Abetment of attempted export requires proven positive assistance or knowledge; penalties cannot rest on unsupported allegations of concealment. https://www.taxtmi.com/highlights?id=102371 https://www.taxtmi.com/highlights?id=102371 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Unsubmitted arbitral award claims are extinguished by approved resolution plans, while court-deposited security remains the corporate debtor's asset. https://www.taxtmi.com/highlights?id=102370 https://www.taxtmi.com/highlights?id=102370 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Highlights TaxTMI Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration. https://www.taxtmi.com/highlights?id=102369 https://www.taxtmi.com/highlights?id=102369 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Highlights TaxTMI Pre-existing operational debt dispute and post-admission settlement led to reversal of CIRP admission and closure of insolvency proceedings. https://www.taxtmi.com/highlights?id=102368 https://www.taxtmi.com/highlights?id=102368 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Highlights TaxTMI Poultry cage components classification restored as parts of poultry-keeping machinery rather than iron and steel structural goods. https://www.taxtmi.com/highlights?id=102367 https://www.taxtmi.com/highlights?id=102367 Wed, 05 Aug 2026 16:41:08 +0530 Excise Highlights TaxLaws TaxTMI Admitted cheque signatures raise debt presumptions, while revisional courts cannot reassess concurrent evidence without material jurisdictional error. https://www.taxtmi.com/highlights?id=102366 https://www.taxtmi.com/highlights?id=102366 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Highlights TaxTMI Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema https://www.taxtmi.com/news?id=74131 https://www.taxtmi.com/news?id=74131 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials https://www.taxtmi.com/news?id=74130 https://www.taxtmi.com/news?id=74130 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Rupee gains 9 paise against US dollar https://www.taxtmi.com/news?id=74129 https://www.taxtmi.com/news?id=74129 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI India, US working towards interim trade agreement: MEA https://www.taxtmi.com/news?id=74128 https://www.taxtmi.com/news?id=74128 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance https://www.taxtmi.com/news?id=74127 https://www.taxtmi.com/news?id=74127 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Instruction regarding Coordination with State Mining Authorities for sharing information relating to illegal mining and transportation of minerals https://www.taxtmi.com/circulars?id=70683 https://www.taxtmi.com/circulars?id=70683 Wed, 05 Aug 2026 16:41:08 +0530 GST Circulars TaxLaws TaxTMI Tariff rate quota applications under India-Oman CEPA open with product-specific documentation requirements for eligible imports. https://www.taxtmi.com/highlights?id=102365 https://www.taxtmi.com/highlights?id=102365 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Standard Input Output Norms for chemical and pharmaceutical exports enable direct Advance Authorisations and uniform input entitlement assessment. https://www.taxtmi.com/highlights?id=102364 https://www.taxtmi.com/highlights?id=102364 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI SCMTR-only manifest filing replaces supplementary IGM and EGM processes at New Mangalore and Karwar Ports. https://www.taxtmi.com/highlights?id=102363 https://www.taxtmi.com/highlights?id=102363 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Supersession Notification No. ERTS (T) 3/2025/467, dated 17th September, 2025 https://www.taxtmi.com/notifications?id=146467 https://www.taxtmi.com/notifications?id=146467 Wed, 05 Aug 2026 16:41:08 +0530 GST Notifications TaxLaws TaxTMI Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS https://www.taxtmi.com/news?id=74126 https://www.taxtmi.com/news?id=74126 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence https://www.taxtmi.com/news?id=74125 https://www.taxtmi.com/news?id=74125 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM https://www.taxtmi.com/news?id=74124 https://www.taxtmi.com/news?id=74124 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Notification Granting Tax Exemption to the District Legal Services Authority, Charkhi Dadri under Section 11 of the Income-tax Act, 2025 https://www.taxtmi.com/notifications?id=146465 https://www.taxtmi.com/notifications?id=146465 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Notifications TaxLaws TaxTMI SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus https://www.taxtmi.com/news?id=74123 https://www.taxtmi.com/news?id=74123 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Rupee falls 3 paise to close at 95.40 against US dollar https://www.taxtmi.com/news?id=74122 https://www.taxtmi.com/news?id=74122 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Government Boosts MSME Financing Through SIDBI and ECLGS 5.0 https://www.taxtmi.com/news?id=74121 https://www.taxtmi.com/news?id=74121 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI India's Market Opportunity is Growing, and the Trade is Taking Notice https://www.taxtmi.com/news?id=74120 https://www.taxtmi.com/news?id=74120 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI 50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026 https://www.taxtmi.com/news?id=74119 https://www.taxtmi.com/news?id=74119 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Currently nine trade disputes pending against India under WTO rules: Govt https://www.taxtmi.com/news?id=74118 https://www.taxtmi.com/news?id=74118 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI MNLU Mumbai Launches MBA in Entrepreneurship Digital Business Law https://www.taxtmi.com/news?id=74117 https://www.taxtmi.com/news?id=74117 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Procedures and documents required for export consignments of Drugs Pharmaceuticals https://www.taxtmi.com/circulars?id=70675 https://www.taxtmi.com/circulars?id=70675 Wed, 05 Aug 2026 16:41:08 +0530 Customs Circulars TaxLaws TaxTMI Taxability on Issue of Right Issue of Shares by Unlisted Public Company /forum/issue?id=121056 /forum/issue?id=121056 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Discussion-Forum TaxLaws TaxTMI Amendment in Notification No. 11/2026-Central Excise, dated the 26th March, 2026 https://www.taxtmi.com/notifications?id=146458 https://www.taxtmi.com/notifications?id=146458 Wed, 05 Aug 2026 16:41:08 +0530 Excise Notifications TaxLaws TaxTMI Extension of timeline for enrolment with PaRRVA as specified in SEBI Circular No. HO/38/14/(4)2026-MIRSD-POD/I/10557/2026 dated April 29, 2026 https://www.taxtmi.com/circulars?id=70665 https://www.taxtmi.com/circulars?id=70665 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Circulars TaxTMI Amendment in Notification No. 08/2026-Central Excise, dated the 26th March, 2026 https://www.taxtmi.com/notifications?id=146456 https://www.taxtmi.com/notifications?id=146456 Wed, 05 Aug 2026 16:41:08 +0530 Excise Notifications TaxLaws TaxTMI AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking https://www.taxtmi.com/news?id=74116 https://www.taxtmi.com/news?id=74116 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Amendment in Notification No. 06/2026-Central Excise, dated the 26th March, 2026 https://www.taxtmi.com/notifications?id=146455 https://www.taxtmi.com/notifications?id=146455 Wed, 05 Aug 2026 16:41:08 +0530 Excise Notifications TaxLaws TaxTMI Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade https://www.taxtmi.com/news?id=74115 https://www.taxtmi.com/news?id=74115 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change” https://www.taxtmi.com/news?id=74114 https://www.taxtmi.com/news?id=74114 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- sigma platform incorporating in-built validation checks, AI-enabled chatbot, and multilingual interfaces https://www.taxtmi.com/news?id=74113 https://www.taxtmi.com/news?id=74113 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws News TaxTMI Exemplary example for first appellate authority in GST law. https://www.taxtmi.com/article/detailed?id=17102 https://www.taxtmi.com/article/detailed?id=17102 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI The most used section 10(14)(i) to get a "Magic Refund" for salaried individuals https://www.taxtmi.com/article/detailed?id=17101 https://www.taxtmi.com/article/detailed?id=17101 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Articles TaxLaws TaxTMI Efficacy of provisions need to be evaluated to avoid litigation, brain drain and to enforce result orientation in tax laws. - first issue covered S.14A of Income-tax Act, 1961. https://www.taxtmi.com/article/detailed?id=17100 https://www.taxtmi.com/article/detailed?id=17100 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Articles TaxLaws TaxTMI GST Demand Must Rest on Tested Evidence and Year-Wise Adjudication https://www.taxtmi.com/article/detailed?id=17099 https://www.taxtmi.com/article/detailed?id=17099 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI Supreme Court to examine whether the six-month time limit for issuance of show cause notice under Section 74(2) of the CGST Act is mandatory or directory https://www.taxtmi.com/article/detailed?id=17098 https://www.taxtmi.com/article/detailed?id=17098 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI Benefit of tolerance limit of +/- 5% as contained in Section 92C(2) available even when one comparable remains in comparable set [Sec 92C of ITA'61 - Sec 165 of ITA'25] https://www.taxtmi.com/article/detailed?id=17097 https://www.taxtmi.com/article/detailed?id=17097 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Articles TaxLaws TaxTMI Departmental Appeals under GST: The Jurisprudence of the "Recurring Nature" Exception Part II (Concluding Part) - From Jurisprudential Theory to GST Practice https://www.taxtmi.com/article/detailed?id=17096 https://www.taxtmi.com/article/detailed?id=17096 Wed, 05 Aug 2026 16:41:08 +0530 GST Articles TaxLaws TaxTMI No Capital Gains on Agricultural Land u/s 2(14) even incase the land is not used for earning agricultural income and is sold after purchasing [Sec 2(14) of ITA'61 - Sec 2(22) of ITA'25] https://www.taxtmi.com/article/detailed?id=17095 https://www.taxtmi.com/article/detailed?id=17095 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Articles TaxLaws TaxTMI Appreciable Adverse Effect on Competition (AAEC) under Indian Competition Laws. https://www.taxtmi.com/article/detailed?id=17094 https://www.taxtmi.com/article/detailed?id=17094 Wed, 05 Aug 2026 16:41:08 +0530 Corporate Laws Articles TaxLaws TaxTMI ISO 9001:2015 Quality Management System (QMS): A Complete Guide to Quality Management, Customer Satisfaction, and Continual Improvement https://www.taxtmi.com/article/detailed?id=17093 https://www.taxtmi.com/article/detailed?id=17093 Wed, 05 Aug 2026 16:41:08 +0530 TaxLaws Articles TaxTMI Doctrine of merger does not arise from SLP dismissal, while challenges remain premature until remanded issues are decided. https://www.taxtmi.com/highlights?id=102362 https://www.taxtmi.com/highlights?id=102362 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Jurisdictional challenges to GST adjudication may bypass alternative remedies, requiring the adjudicating authority to decide its competence first. https://www.taxtmi.com/highlights?id=102361 https://www.taxtmi.com/highlights?id=102361 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Correction of export shipping bill errors permits consequential GST return rectification, subject to lawful assessment and verification. https://www.taxtmi.com/highlights?id=102360 https://www.taxtmi.com/highlights?id=102360 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Portal-only upload is not valid service, so ex parte proceedings require restoration and appellate limitation remains untriggered. https://www.taxtmi.com/highlights?id=102359 https://www.taxtmi.com/highlights?id=102359 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Input tax credit pass-through in ongoing housing projects covers all eligible buyers, with recipient-specific refunds and interest payable. https://www.taxtmi.com/highlights?id=102358 https://www.taxtmi.com/highlights?id=102358 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Prospective pre-deposit requirement cannot restrict admission of penalty-only GST appeals arising before the proviso took effect. https://www.taxtmi.com/highlights?id=102357 https://www.taxtmi.com/highlights?id=102357 Wed, 05 Aug 2026 16:41:08 +0530 GST Highlights TaxLaws TaxTMI Co-operative investment income and balance additional depreciation claims succeeded, with milk cans recognised as eligible plant and machinery. https://www.taxtmi.com/highlights?id=102356 https://www.taxtmi.com/highlights?id=102356 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Bogus purchase disallowance limited to embedded profit where sales and books remain accepted; reassessment procedure upheld. https://www.taxtmi.com/highlights?id=102355 https://www.taxtmi.com/highlights?id=102355 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the claim. https://www.taxtmi.com/highlights?id=102354 https://www.taxtmi.com/highlights?id=102354 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Sole testamentary trusts fall outside maximum marginal rate taxation despite assessment as an association of persons. https://www.taxtmi.com/highlights?id=102353 https://www.taxtmi.com/highlights?id=102353 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI TDS on agricultural land transfers cannot arise through enhanced PAN-based rates where the primary deduction provision is inapplicable. https://www.taxtmi.com/highlights?id=102352 https://www.taxtmi.com/highlights?id=102352 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Diamond grading reports do not make available technical know-how, so non-resident certification payments may fall outside withholding tax. https://www.taxtmi.com/highlights?id=102351 https://www.taxtmi.com/highlights?id=102351 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Goodwill from slump sales remains depreciable where newly created, while non-compete fees cannot support depreciation claims. https://www.taxtmi.com/highlights?id=102350 https://www.taxtmi.com/highlights?id=102350 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business income. https://www.taxtmi.com/highlights?id=102349 https://www.taxtmi.com/highlights?id=102349 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Documented funding sources and pending valuation reference defeat unexplained investment and stamp-duty differential additions for property purchases. https://www.taxtmi.com/highlights?id=102348 https://www.taxtmi.com/highlights?id=102348 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh benchmarking. https://www.taxtmi.com/highlights?id=102347 https://www.taxtmi.com/highlights?id=102347 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Carry-forward of losses remains available to educational trusts assessed as Associations of Persons despite absent charitable registration. https://www.taxtmi.com/highlights?id=102346 https://www.taxtmi.com/highlights?id=102346 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Unexercised stock option repurchase constitutes transfer of a capital asset and is taxable as long-term capital gains. https://www.taxtmi.com/highlights?id=102345 https://www.taxtmi.com/highlights?id=102345 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Permanent establishment taxation addresses head-office interest, arm's length guarantees, capital hedges, refund interest, and treaty tax ceilings. https://www.taxtmi.com/highlights?id=102344 https://www.taxtmi.com/highlights?id=102344 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Satellite transponder services are not royalty where customers receive communications without rights to use equipment or processes. https://www.taxtmi.com/highlights?id=102343 https://www.taxtmi.com/highlights?id=102343 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Competent authority approval after three years is jurisdictional; reassessment based on invalid sanction is void from inception. https://www.taxtmi.com/highlights?id=102342 https://www.taxtmi.com/highlights?id=102342 Wed, 05 Aug 2026 16:41:08 +0530 Income Tax Highlights TaxLaws TaxTMI Customs valuation and anti-dumping duty disputes must be appealed to the Supreme Court, not the High Court. https://www.taxtmi.com/highlights?id=102341 https://www.taxtmi.com/highlights?id=102341 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Customs Broker due diligence requires evidence of knowledge or collusion before liability for an importer's misdeclaration arises. https://www.taxtmi.com/highlights?id=102340 https://www.taxtmi.com/highlights?id=102340 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Misdeclaration of imported goods requires supporting evidence, while redemption fine depends on market price and profit margin determination. https://www.taxtmi.com/highlights?id=102339 https://www.taxtmi.com/highlights?id=102339 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Objective characteristics govern magnesium bis-glycinate chelate classification as an amino-acid coordination compound, not a food preparation or antibiotic. https://www.taxtmi.com/highlights?id=102338 https://www.taxtmi.com/highlights?id=102338 Wed, 05 Aug 2026 16:41:08 +0530 Customs Highlights TaxLaws TaxTMI Independent professional certification requires pleaded knowledge or complicity for criminal liability; untimely complaints remain barred by limitation. https://www.taxtmi.com/highlights?id=102337 https://www.taxtmi.com/highlights?id=102337 Wed, 05 Aug 2026 16:41:08 +0530 Corporate Laws Highlights TaxLaws TaxTMI Proof of software import is essential for foreign-exchange remittances, and responsible officers may incur vicarious FEMA liability. https://www.taxtmi.com/highlights?id=102336 https://www.taxtmi.com/highlights?id=102336 Wed, 05 Aug 2026 16:41:08 +0530 FEMA Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: August 05, 2026 https://www.taxtmi.com/newsletter?id=08/05/2026 https://www.taxtmi.com/newsletter?id=08/05/2026 Daily Updates Tax