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Sun, 01 Nov 2026 17:31:12 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Retrospective GST registration cancellation does not bar audit of historical compliance records, while concealment defeats discretionary writ relief. https://www.taxtmi.com/highlights?id=105670 https://www.taxtmi.com/highlights?id=105670 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Further investigation alone cannot justify continued custody where the triple test supports conditional regular bail in tax-fraud allegations. https://www.taxtmi.com/highlights?id=105669 https://www.taxtmi.com/highlights?id=105669 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy governs GST hearing-notice disputes where alleged procedural defects require examination of disputed records on appeal. https://www.taxtmi.com/highlights?id=105668 https://www.taxtmi.com/highlights?id=105668 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination. https://www.taxtmi.com/highlights?id=105667 https://www.taxtmi.com/highlights?id=105667 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI E-way Bill Values Alone Cannot Establish Job Worker Taxable Turnover Without Independent Evidence of Taxable Supply https://www.taxtmi.com/highlights?id=105666 https://www.taxtmi.com/highlights?id=105666 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Form GSTR-1 rectification permits correction of B2B supplies wrongly reported as B2C without duplicating tax liability. https://www.taxtmi.com/highlights?id=105665 https://www.taxtmi.com/highlights?id=105665 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentation. https://www.taxtmi.com/highlights?id=105664 https://www.taxtmi.com/highlights?id=105664 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Tax collected but not remitted attracts Section 76 liability, while delayed GSTR-3B credit remains time-barred. https://www.taxtmi.com/highlights?id=105663 https://www.taxtmi.com/highlights?id=105663 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Portal Downtime Delaying E-Invoice Generation Cannot Support Detention Penalty Where Transport Documents Fully Disclose the Consignment. https://www.taxtmi.com/highlights?id=105662 https://www.taxtmi.com/highlights?id=105662 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Transit-document compliance: post-detention invoices cannot validate garment movement, leaving the transporter exposed to owner-independent penalties. https://www.taxtmi.com/highlights?id=105661 https://www.taxtmi.com/highlights?id=105661 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Physical verification overrides discrepant GST transport documents where cumulative evidence demonstrates intention to evade tax. https://www.taxtmi.com/highlights?id=105660 https://www.taxtmi.com/highlights?id=105660 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailable. https://www.taxtmi.com/highlights?id=105659 https://www.taxtmi.com/highlights?id=105659 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite contingency claims. https://www.taxtmi.com/highlights?id=105658 https://www.taxtmi.com/highlights?id=105658 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Foreign sales commission earned abroad escapes Indian tax withholding where agents lack Indian business connection or establishment. https://www.taxtmi.com/highlights?id=105657 https://www.taxtmi.com/highlights?id=105657 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Search assessment additions require seized incriminating material, while unexplained land advances demand proof of payer identity and source. https://www.taxtmi.com/highlights?id=105656 https://www.taxtmi.com/highlights?id=105656 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Tax deductions and transfer pricing: RD, CSR, offshore purchases and captive transfers governed by statutory conditions. https://www.taxtmi.com/highlights?id=105655 https://www.taxtmi.com/highlights?id=105655 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Business deduction and tax computation rules distinguish delayed-TDS interest, exempt-income expenses, book profits and project supervision costs. https://www.taxtmi.com/highlights?id=105654 https://www.taxtmi.com/highlights?id=105654 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Pre-conversion CCD coupon pricing: compulsory conversion alone cannot justify a nil arm's-length price, so adjustment was deleted. https://www.taxtmi.com/highlights?id=105653 https://www.taxtmi.com/highlights?id=105653 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowance fail. https://www.taxtmi.com/highlights?id=105652 https://www.taxtmi.com/highlights?id=105652 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Leasehold land premiums remain capital expenditure, while resident enterprises must include overseas branch profits in Indian taxable income. https://www.taxtmi.com/highlights?id=105651 https://www.taxtmi.com/highlights?id=105651 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Revisionary jurisdiction requires demonstrable error and revenue prejudice; ESOP deductions and MAT adjustments need independent legal assessment. https://www.taxtmi.com/highlights?id=105650 https://www.taxtmi.com/highlights?id=105650 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Surcharge computation for private discretionary trusts follows the applicable income-tax slab when maximum marginal rates apply. https://www.taxtmi.com/highlights?id=105649 https://www.taxtmi.com/highlights?id=105649 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Mistake apparent from record permits correction of tax-free bond interest wrongly offered as taxable income, with refund consequences. https://www.taxtmi.com/highlights?id=105648 https://www.taxtmi.com/highlights?id=105648 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer-pricing comparability requires functional alignment, consistent filters, and transaction-specific adjustments, while debt-free delayed receivables may not attract interest. https://www.taxtmi.com/highlights?id=105647 https://www.taxtmi.com/highlights?id=105647 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Borrowed satisfaction invalidates reassessment when alleged escaped income differs from the share loss ultimately disallowed. https://www.taxtmi.com/highlights?id=105646 https://www.taxtmi.com/highlights?id=105646 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Benami transaction proof through funding capacity, bank records and beneficial ownership evidence sustained attachment of agricultural land. https://www.taxtmi.com/highlights?id=105645 https://www.taxtmi.com/highlights?id=105645 Sun, 01 Nov 2026 17:29:35 +0530 TaxLaws Highlights TaxTMI Benami transaction proof requires a demonstrated nexus between consideration, alleged funding source, and intended beneficial ownership or allegations fail. https://www.taxtmi.com/highlights?id=105644 https://www.taxtmi.com/highlights?id=105644 Sun, 01 Nov 2026 17:29:35 +0530 TaxLaws Highlights TaxTMI Extended limitation failed where preferential-duty imports were cleared after examination without importer knowledge of certificate defects. https://www.taxtmi.com/highlights?id=105643 https://www.taxtmi.com/highlights?id=105643 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Regional value content certification supports AIFTA tariff treatment for imported silver jewellery absent evidence challenging a genuine origin certificate. https://www.taxtmi.com/highlights?id=105642 https://www.taxtmi.com/highlights?id=105642 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Service of Adjudication Orders Governs Customs Appeal Limitation and Uncorroborated Claims Cannot Support Gold Confiscation https://www.taxtmi.com/highlights?id=105641 https://www.taxtmi.com/highlights?id=105641 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Statutory pre-deposit defects are curable, while Special Additional Duty recovery fails after foundational orders are reversed. https://www.taxtmi.com/highlights?id=105640 https://www.taxtmi.com/highlights?id=105640 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Baggage Import Exclusion: Tribunal cannot hear confiscation and penalty appeals concerning gold articles carried by arriving passengers. https://www.taxtmi.com/highlights?id=105639 https://www.taxtmi.com/highlights?id=105639 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI SFIO investigation orders require demonstrable relevant circumstances; FIR quashing on settlement does not bar scrutiny of distinct fund-diversion allegations. https://www.taxtmi.com/highlights?id=105638 https://www.taxtmi.com/highlights?id=105638 Sun, 01 Nov 2026 17:29:35 +0530 Corporate Laws Highlights TaxLaws TaxTMI Res judicata bars fresh share valuation challenges after compulsory buyout valuation attains finality in appellate proceedings. https://www.taxtmi.com/highlights?id=105637 https://www.taxtmi.com/highlights?id=105637 Sun, 01 Nov 2026 17:29:35 +0530 Corporate Laws Highlights TaxLaws TaxTMI FERA penalty appeals remain criminal proceedings after repeal, with FEMA saving provisions preserving liabilities and appellate remedies. https://www.taxtmi.com/highlights?id=105636 https://www.taxtmi.com/highlights?id=105636 Sun, 01 Nov 2026 17:29:35 +0530 FEMA Highlights TaxLaws TaxTMI PMLA bail exception for women may apply where prolonged pre-trial custody continues and trial remains unlikely to conclude soon. https://www.taxtmi.com/highlights?id=105635 https://www.taxtmi.com/highlights?id=105635 Sun, 01 Nov 2026 17:29:35 +0530 PMLA Highlights TaxLaws TaxTMI Disproportionate assets liability shifts the evidentiary burden to public servants once prosecution establishes substantial unexplained disparity. https://www.taxtmi.com/highlights?id=105634 https://www.taxtmi.com/highlights?id=105634 Sun, 01 Nov 2026 17:29:35 +0530 TaxLaws Highlights TaxTMI Zero-rated turnover follows the export invoice and removal period, while actual export remains mandatory for refund entitlement. https://www.taxtmi.com/highlights?id=105633 https://www.taxtmi.com/highlights?id=105633 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Reassessment objections require speaking disposal before scrutiny, barring inquiry notices until four weeks after service of rejection. https://www.taxtmi.com/highlights?id=105632 https://www.taxtmi.com/highlights?id=105632 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Ineligible input tax credit alone does not establish suppression; enhanced consequences require proof of intent to evade tax. https://www.taxtmi.com/highlights?id=105631 https://www.taxtmi.com/highlights?id=105631 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Inland container depot notification adds Anekollu for customs-authorised unloading of imports and loading of export goods. https://www.taxtmi.com/highlights?id=105630 https://www.taxtmi.com/highlights?id=105630 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Chapter XIX exclusion applies to payments received by the International Rice Research Institute, subject to specified privileges and immunities conditions. https://www.taxtmi.com/highlights?id=105629 https://www.taxtmi.com/highlights?id=105629 Sun, 01 Nov 2026 17:29:35 +0530 Income Tax Highlights TaxLaws TaxTMI Anti-dumping duty exemption for specified titanium dioxide end uses requires electronic declaration, with duty and interest recoverable for diversion. https://www.taxtmi.com/highlights?id=105628 https://www.taxtmi.com/highlights?id=105628 Sun, 01 Nov 2026 17:29:35 +0530 Customs Highlights TaxLaws TaxTMI Input tax credit requires independent, reasoned assessment; supplier tax default alone cannot mechanically determine purchaser liability. https://www.taxtmi.com/highlights?id=105627 https://www.taxtmi.com/highlights?id=105627 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Regular bail in fraudulent input tax credit allegations: continued investigation cannot justify prolonged pre-trial custody. https://www.taxtmi.com/highlights?id=105626 https://www.taxtmi.com/highlights?id=105626 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Clean slate principle does not extinguish GST liabilities when a corporate debtor is sold as a going concern. https://www.taxtmi.com/highlights?id=105625 https://www.taxtmi.com/highlights?id=105625 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Meaningful pre-decisional hearing is required before input tax credit blocking; inadequate notice invalidates Rule 86A action. https://www.taxtmi.com/highlights?id=105624 https://www.taxtmi.com/highlights?id=105624 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Belated ITC-03 compliance requires fresh consideration of composition levy eligibility and may affect consequential GST tax proceedings. https://www.taxtmi.com/highlights?id=105623 https://www.taxtmi.com/highlights?id=105623 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI GST collected but not remitted attracts Section 76 penalty even where registered suppliers issued valid invoices. https://www.taxtmi.com/highlights?id=105622 https://www.taxtmi.com/highlights?id=105622 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI Input tax credit claims require documentary proof, while delayed supplier payment triggers reversal, interest and statutory minimum penalties. https://www.taxtmi.com/highlights?id=105621 https://www.taxtmi.com/highlights?id=105621 Sun, 01 Nov 2026 17:29:35 +0530 GST Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: November 01, 2026 https://www.taxtmi.com/newsletter?id=11/01/2026 https://www.taxtmi.com/newsletter?id=11/01/2026 Daily Updates Tax