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Sun, 18 Oct 2026 02:24:56 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 ITC wrongly reversed under Permanent reversal Category /forum/issue?id=121176 /forum/issue?id=121176 Sun, 18 Oct 2026 02:24:56 +0530 GST Discussion-Forum TaxLaws TaxTMI Tripura State Goods and Services Tax (Tenth Amendment) Act, 2026 https://www.taxtmi.com/notifications?id=147343 https://www.taxtmi.com/notifications?id=147343 Sun, 18 Oct 2026 02:24:56 +0530 GST Notifications TaxLaws TaxTMI Special Economic Zones (Fourth Amendment) Rules, 2026 https://www.taxtmi.com/notifications?id=147377 https://www.taxtmi.com/notifications?id=147377 Sun, 18 Oct 2026 02:24:56 +0530 SEZ Notifications TaxLaws TaxTMI National Assessment Centre (NAC) Portal Access and effective utilisation by Trade and other Stakeholders https://www.taxtmi.com/circulars?id=71610 https://www.taxtmi.com/circulars?id=71610 Sun, 18 Oct 2026 02:24:56 +0530 Customs Circulars TaxLaws TaxTMI Transshipment Permission to M/s. Shreeji Translogistics Ltd., Kolkata to operate Import Bonded Trucking Services for Air Import cargo between Air Cargo Complex, Kolkata and all other Customs notified Indian Airports, ACCs, CFS and ICDs https://www.taxtmi.com/circulars?id=71611 https://www.taxtmi.com/circulars?id=71611 Sun, 18 Oct 2026 02:24:56 +0530 Customs Circulars TaxLaws TaxTMI Optimization of Statutory Branch Auditors (SBAs) Costs and Acceleration of Centralized Audit Frameworks https://www.taxtmi.com/news?id=75104 https://www.taxtmi.com/news?id=75104 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2026. https://www.taxtmi.com/notifications?id=147372 https://www.taxtmi.com/notifications?id=147372 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notifications TaxTMI Seeks to give effect to the first tranche of tariff concessions under India New Zealand Free Trade Agreement https://www.taxtmi.com/notifications?id=147373 https://www.taxtmi.com/notifications?id=147373 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notifications TaxLaws TaxTMI S.80M Deduction for dividend paid out of eligible dividends earned by companies- time available is up to 19.10.2026 for AY 2026-27. S.148 of ITA 2025 is also compared and wider possibilities explored https://www.taxtmi.com/article/detailed?id=17594 https://www.taxtmi.com/article/detailed?id=17594 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Articles TaxLaws TaxTMI Clarification on Legislative Developments concerning Government’s shareholding in IDBI https://www.taxtmi.com/news?id=75103 https://www.taxtmi.com/news?id=75103 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Interpretation of /forum/issue?id=121175 /forum/issue?id=121175 Sun, 18 Oct 2026 02:24:56 +0530 GST Discussion-Forum TaxLaws TaxTMI Penalty: Scope of "Any Person" under Section 122(1A) of the Central Goods and Services Tax Act, 2017 https://www.taxtmi.com/tmi_notes?id=2574 https://www.taxtmi.com/tmi_notes?id=2574 Sun, 18 Oct 2026 02:24:56 +0530 GST Notes TaxLaws TaxTMI Forum shopping in bail proceedings led to fresh merits consideration after parallel remedies and adverse orders were withheld. https://www.taxtmi.com/highlights?id=105134 https://www.taxtmi.com/highlights?id=105134 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Condonation of delay in GST appeals restored merits review after illness and death disrupted the firm's affairs. https://www.taxtmi.com/highlights?id=105133 https://www.taxtmi.com/highlights?id=105133 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Input tax credit limitation and effective notice requirements require quashing barred credit denial and remanding remaining GST issues. https://www.taxtmi.com/highlights?id=105132 https://www.taxtmi.com/highlights?id=105132 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Effective GST notice service requires meaningful delivery, with defective portal-only notice leading to fresh adjudication after hearing. https://www.taxtmi.com/highlights?id=105131 https://www.taxtmi.com/highlights?id=105131 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI IGST refunds for exports under manual shipping bills fall within Customs processing jurisdiction, requiring consideration under Rule 96(3). https://www.taxtmi.com/highlights?id=105130 https://www.taxtmi.com/highlights?id=105130 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Excess output tax set-off can negate a tax shortfall, while vague notices and portal-based rejections breach natural justice. https://www.taxtmi.com/highlights?id=105129 https://www.taxtmi.com/highlights?id=105129 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI IGST Credit Set-Off: Aggregate reconciliation can eliminate alleged CGST and SGST input tax credit excesses. https://www.taxtmi.com/highlights?id=105128 https://www.taxtmi.com/highlights?id=105128 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Fraud threshold for extended tax limitation curbs unsupported penalties, while consolidated notices across financial years remain permissible. https://www.taxtmi.com/highlights?id=105127 https://www.taxtmi.com/highlights?id=105127 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Show-cause notice limits prevent input tax credit disallowance on an unalleged supplier tax-payment ground during adjudication. https://www.taxtmi.com/highlights?id=105126 https://www.taxtmi.com/highlights?id=105126 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST refunds for cancelled air tickets remain available when passenger reimbursements defeat unjust enrichment and credit-note adjustment is unavailable. https://www.taxtmi.com/highlights?id=105125 https://www.taxtmi.com/highlights?id=105125 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST short-payment interest and penalty apply when tax and interest remain unpaid within the show-cause notice period. https://www.taxtmi.com/highlights?id=105124 https://www.taxtmi.com/highlights?id=105124 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Input tax credit verification governs GSTR-2A mismatches, while unutilised reversals and sales-return credit notes avoid additional tax consequences. https://www.taxtmi.com/highlights?id=105123 https://www.taxtmi.com/highlights?id=105123 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST refund limitation exclusions preserve unregistered purchasers' claims after cancelled flat bookings, with no unjust-enrichment bar. https://www.taxtmi.com/highlights?id=105122 https://www.taxtmi.com/highlights?id=105122 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST interest computation requires month-wise ledger verification, while pre-notice voluntary payment protects against penalty for inadvertent turnover reporting omissions. https://www.taxtmi.com/highlights?id=105121 https://www.taxtmi.com/highlights?id=105121 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Expired e-way bills trigger GST detention penalties without proving tax-evasion intent when no timely extension or evidence supports delay. https://www.taxtmi.com/highlights?id=105120 https://www.taxtmi.com/highlights?id=105120 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Actual transport movement determines goods-detention liability; acknowledged notice service stands, while release payments await fresh adjudication. https://www.taxtmi.com/highlights?id=105119 https://www.taxtmi.com/highlights?id=105119 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Post-interception transport documents require credible linkage to goods; unsupported transit claims cannot defeat undeclared-goods penalties. https://www.taxtmi.com/highlights?id=105118 https://www.taxtmi.com/highlights?id=105118 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI E-way bill accuracy in diverted transit sales determines Section 129 penalties despite no independent proof of tax evasion. https://www.taxtmi.com/highlights?id=105117 https://www.taxtmi.com/highlights?id=105117 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Expired e-way bill transport attracts GST detention penalties without proof of any tax-evasion intent being required. https://www.taxtmi.com/highlights?id=105116 https://www.taxtmi.com/highlights?id=105116 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Meaningful hearing in detention penalty proceedings requires reasoned adjudication; payment for release does not waive statutory challenge. https://www.taxtmi.com/highlights?id=105115 https://www.taxtmi.com/highlights?id=105115 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Compensation Cess ITC refunds require independent inverted-tax-structure eligibility; domestic leather supplies did not justify cash refunds. https://www.taxtmi.com/highlights?id=105114 https://www.taxtmi.com/highlights?id=105114 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipients. https://www.taxtmi.com/highlights?id=105113 https://www.taxtmi.com/highlights?id=105113 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption. https://www.taxtmi.com/highlights?id=105112 https://www.taxtmi.com/highlights?id=105112 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Section 311 CrPC: Essential evidence may be summoned for a just decision without unnecessary costs imposed on the applicant. https://www.taxtmi.com/highlights?id=105111 https://www.taxtmi.com/highlights?id=105111 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Fresh documentary material limits reassessment beyond three years, while audit objections cannot support review of completed assessments. https://www.taxtmi.com/highlights?id=105110 https://www.taxtmi.com/highlights?id=105110 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Conditional release of fixed-deposit liens protects revenue through payment security and asset-preservation undertakings during tax-demand disputes. https://www.taxtmi.com/highlights?id=105109 https://www.taxtmi.com/highlights?id=105109 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI IGST valuation under DFIA excludes tariff-rate customs duty when the available exemption reduces chargeable duty to nil. https://www.taxtmi.com/highlights?id=105108 https://www.taxtmi.com/highlights?id=105108 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Consequential penalties for alleged import undervaluation fail when underlying demand proceedings are set aside entirely. https://www.taxtmi.com/highlights?id=105107 https://www.taxtmi.com/highlights?id=105107 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Section 138B safeguards bar reliance on untested third-party statements, while customs penalties require proven knowledge of confiscability. https://www.taxtmi.com/highlights?id=105106 https://www.taxtmi.com/highlights?id=105106 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI ICEGATE technical glitches supported interest refunds where delayed Bill of Entry filing alone caused denial under the waiver order. https://www.taxtmi.com/highlights?id=105105 https://www.taxtmi.com/highlights?id=105105 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnished. https://www.taxtmi.com/highlights?id=105104 https://www.taxtmi.com/highlights?id=105104 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Prior hearing before PMLA cognizance is mandatory under BNSS for Enforcement Directorate complaints filed after its commencement. https://www.taxtmi.com/highlights?id=105103 https://www.taxtmi.com/highlights?id=105103 Sun, 18 Oct 2026 02:24:56 +0530 PMLA Highlights TaxLaws TaxTMI Personal penalty for invoices without goods requires proven issuance or abetment and procedurally admissible witness statements. https://www.taxtmi.com/highlights?id=105102 https://www.taxtmi.com/highlights?id=105102 Sun, 18 Oct 2026 02:24:56 +0530 Excise Highlights TaxLaws TaxTMI Pre-scheme tax payments linked to disclosed income must be adjusted under the Income Declaration Scheme. https://www.taxtmi.com/highlights?id=105101 https://www.taxtmi.com/highlights?id=105101 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Reasoned appellate adjudication remains mandatory even where an income-tax appeal proceeds ex parte after notice non-compliance. https://www.taxtmi.com/highlights?id=105100 https://www.taxtmi.com/highlights?id=105100 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Trust deed irrevocability prevents missing irrevocability or dissolution clauses from alone defeating charitable registration and donor-tax approval. https://www.taxtmi.com/highlights?id=105099 https://www.taxtmi.com/highlights?id=105099 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Section 54 capital-gains deposit requirement limits exemption for conjoined homes to timely utilised amounts, with consequential statutory interest. https://www.taxtmi.com/highlights?id=105098 https://www.taxtmi.com/highlights?id=105098 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Section 263 revision requires valid scrutiny conversion and independent record-based satisfaction; section 28 interest remains enhanced compensation. https://www.taxtmi.com/highlights?id=105097 https://www.taxtmi.com/highlights?id=105097 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Burden of proving smuggling remains with Revenue for non-notified betel nuts; inconclusive origin evidence cannot sustain confiscation or penalties. https://www.taxtmi.com/highlights?id=105096 https://www.taxtmi.com/highlights?id=105096 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Mandatory notice limitation invalidates delayed Customs Broker penalty proceedings, leaving alleged regulatory contraventions unexamined on merits. https://www.taxtmi.com/highlights?id=105095 https://www.taxtmi.com/highlights?id=105095 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Composite car radio-DVD classification requires proof of principal function; indeterminacy places goods under the last equally meriting heading. https://www.taxtmi.com/highlights?id=105094 https://www.taxtmi.com/highlights?id=105094 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Liquidation auction value governs stamp duty when transparent insolvency sales establish true market value for registration. https://www.taxtmi.com/highlights?id=105093 https://www.taxtmi.com/highlights?id=105093 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI Administrative write-down authority cannot be implied after a reconstruction scheme omits specific AT-1 bond powers. https://www.taxtmi.com/highlights?id=105092 https://www.taxtmi.com/highlights?id=105092 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI Retrospective Cancellation Calls for Inquiry, Not Automatic ITC Denial https://www.taxtmi.com/article/detailed?id=17593 https://www.taxtmi.com/article/detailed?id=17593 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI The AOs should take responsibility of Sec 154 cases so that these do not meet unfavourable judgements at the appellate stage [Sec 154 of ITA'61 - Sec 287 of ITA'25] https://www.taxtmi.com/article/detailed?id=17592 https://www.taxtmi.com/article/detailed?id=17592 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Articles TaxLaws TaxTMI SERVICE OF NOTICE ON THE KEY MANAGERIAL PERSONNEL OF CORPORATE DEBTOR https://www.taxtmi.com/article/detailed?id=17591 https://www.taxtmi.com/article/detailed?id=17591 Sun, 18 Oct 2026 02:24:56 +0530 Corporate Laws Articles TaxLaws TaxTMI Calling Road Restoration Compensation Does Not Defeat Reverse-Charge GST https://www.taxtmi.com/article/detailed?id=17590 https://www.taxtmi.com/article/detailed?id=17590 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI An Excess First-Appeal Deposit Can Satisfy the GSTAT Pre-Deposit Requirement https://www.taxtmi.com/article/detailed?id=17589 https://www.taxtmi.com/article/detailed?id=17589 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI GST invoice break up- Bank charges /forum/issue?id=121174 /forum/issue?id=121174 Sun, 18 Oct 2026 02:24:56 +0530 GST Discussion-Forum TaxLaws TaxTMI Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Persons (RCMDOM) and Import of Services (RCMIMP) https://www.taxtmi.com/news?id=75102 https://www.taxtmi.com/news?id=75102 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI DFS Organises Workshop on Reservation Policy for Public Sector Banks, Public Sector Insurance Companies and Public Financial Institutions https://www.taxtmi.com/news?id=75101 https://www.taxtmi.com/news?id=75101 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Delivery challan for sales return /forum/issue?id=121173 /forum/issue?id=121173 Sun, 18 Oct 2026 02:24:56 +0530 GST Discussion-Forum TaxLaws TaxTMI Review of certain aspects of the Closing Auction Session, market timings and settlement methodology for derivatives contracts https://www.taxtmi.com/circulars?id=71618 https://www.taxtmi.com/circulars?id=71618 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Circulars TaxTMI APEDA Facilitates Export of 1.755 MT of Organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria https://www.taxtmi.com/news?id=75100 https://www.taxtmi.com/news?id=75100 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Customs clearance at Mandalgarh now covers unloading imported goods and loading export goods at the designated location. https://www.taxtmi.com/highlights?id=105091 https://www.taxtmi.com/highlights?id=105091 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Seeks to amend Notification No. 12/97-Customs (N.T.) dated the 2nd April, 1997 - Inland Container Depots for loading and unloading of goods https://www.taxtmi.com/notifications?id=147341 https://www.taxtmi.com/notifications?id=147341 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notifications TaxLaws TaxTMI Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2026 https://www.taxtmi.com/notifications?id=147362 https://www.taxtmi.com/notifications?id=147362 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notifications TaxTMI Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2026. https://www.taxtmi.com/notifications?id=147361 https://www.taxtmi.com/notifications?id=147361 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notifications TaxTMI Securities and Exchange Board of India (Alternative Investment Funds) (Third Amendment) Regulations, 2026. https://www.taxtmi.com/notifications?id=147359 https://www.taxtmi.com/notifications?id=147359 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notifications TaxTMI Union Commerce and Industry Minister Shri Piyush Goyal Launches National Strategic Trade Command Centre at Vanijya Bhawan https://www.taxtmi.com/news?id=75099 https://www.taxtmi.com/news?id=75099 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman participates in the 114th meeting of the Development Committee Plenary of the World Bank in Bangkok, Thailand https://www.taxtmi.com/news?id=75098 https://www.taxtmi.com/news?id=75098 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Customs officers detect 148.67 kg hydroponic weed from Bangkok at air cargo complex at IGI Airport https://www.taxtmi.com/news?id=75097 https://www.taxtmi.com/news?id=75097 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested https://www.taxtmi.com/news?id=75096 https://www.taxtmi.com/news?id=75096 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Central Bureau of Narcotics (CBN) U.P. Unit holds public hearing to address grievances of opium cultivators https://www.taxtmi.com/news?id=75095 https://www.taxtmi.com/news?id=75095 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Directorate of Revenue Intelligence (DRI) and Central Bureau of Narcotics (CBN) destroy 2.87 Hectares (7.08 Acres) of illicit cannabis (ganja) cultivation in wildlife sanctuary, District Dhule, Maharashtra https://www.taxtmi.com/news?id=75094 https://www.taxtmi.com/news?id=75094 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver https://www.taxtmi.com/notifications?id=147358 https://www.taxtmi.com/notifications?id=147358 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notifications TaxLaws TaxTMI Seeks to amend Notification No. 77/2023–Customs (N.T.), dated the 20th October, 2023 https://www.taxtmi.com/notifications?id=147357 https://www.taxtmi.com/notifications?id=147357 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notifications TaxLaws TaxTMI Appoint Common Adjudicating Authority https://www.taxtmi.com/notifications?id=147356 https://www.taxtmi.com/notifications?id=147356 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notifications TaxLaws TaxTMI Amendments in the Employees’ Pension Scheme, 2026 https://www.taxtmi.com/notifications?id=147355 https://www.taxtmi.com/notifications?id=147355 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notifications TaxTMI Seeks to amend Notification No. 06/2026-Central Excise, dated the 26th March, 2026 https://www.taxtmi.com/notifications?id=147354 https://www.taxtmi.com/notifications?id=147354 Sun, 18 Oct 2026 02:24:56 +0530 Excise Notifications TaxLaws TaxTMI PMLA Act and Maintenance of records become more stringent [Sec 11 of ITA'61 - Sec 347 of ITA'25] https://www.taxtmi.com/article/detailed?id=17588 https://www.taxtmi.com/article/detailed?id=17588 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Articles TaxLaws TaxTMI No Substitute for a Hearing – Gujarat HC Quashes Non-Speaking Section 74 Order for Denial of Personal Hearing https://www.taxtmi.com/article/detailed?id=17587 https://www.taxtmi.com/article/detailed?id=17587 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI A Clerical Error in the GST Payment Head Warrants Adjustment But Does Not Excuse The Unpaid Balance https://www.taxtmi.com/article/detailed?id=17586 https://www.taxtmi.com/article/detailed?id=17586 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI 398 orders by all means undoubtedly is a very good score amongst various challenges. https://www.taxtmi.com/article/detailed?id=17585 https://www.taxtmi.com/article/detailed?id=17585 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI GST OFFENCES DO NOT SHIELD CHEATING AND FORGERY FROM POLICE INVESTIGATION https://www.taxtmi.com/article/detailed?id=17584 https://www.taxtmi.com/article/detailed?id=17584 Sun, 18 Oct 2026 02:24:56 +0530 GST Articles TaxLaws TaxTMI Financial Default Determination: Information Utility records and contemporaneous evidence support CIRP admission despite profitability disputes. https://www.taxtmi.com/highlights?id=105090 https://www.taxtmi.com/highlights?id=105090 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI Deemed withdrawal of GST best-judgment assessments follows delayed GSTR-3B filing when the requisite late fee is paid. https://www.taxtmi.com/highlights?id=105089 https://www.taxtmi.com/highlights?id=105089 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Statutory GST liability prevails over works-contract terms, leaving VAT-to-GST reimbursement claims for resolution against employers. https://www.taxtmi.com/highlights?id=105088 https://www.taxtmi.com/highlights?id=105088 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST Payment Timing: Cash Ledger credit ends interest accrual, while late post-notice payment attracts mandatory penalty. https://www.taxtmi.com/highlights?id=105087 https://www.taxtmi.com/highlights?id=105087 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Retrospective GST interest liability confines delayed-payment interest to cash-ledger tax, requiring reassessment of credit-ledger interest refunds. https://www.taxtmi.com/highlights?id=105086 https://www.taxtmi.com/highlights?id=105086 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI ISD-distributed input tax credit refunds remain available to SEZ units for their own zero-rated exports, subject to verification. https://www.taxtmi.com/highlights?id=105085 https://www.taxtmi.com/highlights?id=105085 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Anti-profiteering obligations apply to regulated Rail Neer transfer prices, requiring GST benefits to reach recipients despite price controls. https://www.taxtmi.com/highlights?id=105084 https://www.taxtmi.com/highlights?id=105084 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Bill-to/Ship-to E-Way Bills permit direct dispatch where the person causing movement generates compliant transport documentation. https://www.taxtmi.com/highlights?id=105083 https://www.taxtmi.com/highlights?id=105083 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges constitute taxable Government services, triggering reverse charge and defeating claims of governmental-function exemption. https://www.taxtmi.com/highlights?id=105082 https://www.taxtmi.com/highlights?id=105082 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Cumulative GST appellate pre-deposit permits prior deposits against the same demand, eliminating duplicate payment where statutory thresholds are met. https://www.taxtmi.com/highlights?id=105081 https://www.taxtmi.com/highlights?id=105081 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Revision for inadequate enquiry may stand where assessment fails to test present liability against future obligation. https://www.taxtmi.com/highlights?id=105080 https://www.taxtmi.com/highlights?id=105080 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Document Identification Number compliance renders TDS-default orders invalid where mandatory DIN requirements are breached and curative provision does not apply. https://www.taxtmi.com/highlights?id=105079 https://www.taxtmi.com/highlights?id=105079 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI GST assessment without verified turnover required fresh manual rectification review, while coercive recovery remained barred pending reconsideration. https://www.taxtmi.com/highlights?id=105073 https://www.taxtmi.com/highlights?id=105073 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Statutory limitation for GST detention penalties makes delayed orders jurisdictionally invalid despite an available appellate remedy. https://www.taxtmi.com/highlights?id=105072 https://www.taxtmi.com/highlights?id=105072 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Retrospective input tax credit regularisation protects delayed returns filed by the prescribed cut-off from denial solely for lateness. https://www.taxtmi.com/highlights?id=105071 https://www.taxtmi.com/highlights?id=105071 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Nil valuation of unbilled head office services prevents GST demands based on proportionate allocation of common expenditure. https://www.taxtmi.com/highlights?id=105070 https://www.taxtmi.com/highlights?id=105070 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Anti-profiteering obligations survive business demerger, complaint withdrawal, and customized supply arrangements where rate-reduction benefits are not passed on. https://www.taxtmi.com/highlights?id=105069 https://www.taxtmi.com/highlights?id=105069 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI GST penalty provisions for fraudulent invoices remain under consideration despite an available statutory appeal mechanism. https://www.taxtmi.com/highlights?id=105068 https://www.taxtmi.com/highlights?id=105068 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Mandatory GST appeal pre-deposit raises conflict with IBC liquidation priorities when estate funds finance a statutory appeal. https://www.taxtmi.com/highlights?id=105067 https://www.taxtmi.com/highlights?id=105067 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Omitted refund rule cannot sustain pending export refund proceedings without an express saving provision after its omission. https://www.taxtmi.com/highlights?id=105066 https://www.taxtmi.com/highlights?id=105066 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Intermediary service classification excludes subcontractors providing contracted marketing and support services on their own account. https://www.taxtmi.com/highlights?id=105065 https://www.taxtmi.com/highlights?id=105065 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Monetary-limit compliance requires Revenue to prove a recognised exception; bare Commissioner approval cannot sustain a departmental penalty appeal. https://www.taxtmi.com/highlights?id=105064 https://www.taxtmi.com/highlights?id=105064 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Monetary-limit compliance in departmental GST appeals requires Revenue to prove a recognised exception beyond Commissioner authorisation. https://www.taxtmi.com/highlights?id=105063 https://www.taxtmi.com/highlights?id=105063 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges constitute taxable services when requested for commercial pipeline activity, requiring reverse-charge GST from the business recipient. https://www.taxtmi.com/highlights?id=105062 https://www.taxtmi.com/highlights?id=105062 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges are taxable services, leaving commercial recipients liable under reverse charge without exemption or refund. https://www.taxtmi.com/highlights?id=105061 https://www.taxtmi.com/highlights?id=105061 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges for commercial pipeline works attract reverse-charge GST, while portal-issued proceedings remain valid without physical DIN. https://www.taxtmi.com/highlights?id=105060 https://www.taxtmi.com/highlights?id=105060 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Road restoration charges for business pipeline work attract reverse-charge GST, while portal-authenticated proceedings remain procedurally valid. https://www.taxtmi.com/highlights?id=105059 https://www.taxtmi.com/highlights?id=105059 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI Cross-objections in income-tax appeals remain maintainable only for substantial questions of law arising from an adverse appellate order. https://www.taxtmi.com/highlights?id=105058 https://www.taxtmi.com/highlights?id=105058 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Interest on delayed release of requisitioned cash includes statutory pre-assessment interest and restitutionary compensation for unlawful post-assessment retention. https://www.taxtmi.com/highlights?id=105057 https://www.taxtmi.com/highlights?id=105057 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Penalty proceedings must remain suspended while an assessment appeal is pending before the Appellate Tribunal. https://www.taxtmi.com/highlights?id=105056 https://www.taxtmi.com/highlights?id=105056 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Incomplete inventory records justify rejecting accounts, while profit estimation requires relevant comparable material and interest falls under other sources. https://www.taxtmi.com/highlights?id=105055 https://www.taxtmi.com/highlights?id=105055 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Business-use evidence for director-linked vehicles permits partial expense disallowance, while contractual penal interest remains deductible. https://www.taxtmi.com/highlights?id=105054 https://www.taxtmi.com/highlights?id=105054 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI TDS credit timing: Compensation tax withholding must be claimed in the assessment year reflected in Form 26AS. https://www.taxtmi.com/highlights?id=105053 https://www.taxtmi.com/highlights?id=105053 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Mechanical reassessment sanction requires independent application of mind; a bare endorsement can invalidate the resulting reassessment. https://www.taxtmi.com/highlights?id=105052 https://www.taxtmi.com/highlights?id=105052 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Transfer-pricing comparability requires functional alignment; delayed associated-enterprise receivables need separate LIBOR-based benchmarking, while indirect forex gains fail export deduction. https://www.taxtmi.com/highlights?id=105051 https://www.taxtmi.com/highlights?id=105051 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Allotment-based property rights determine capital-gains holding periods and agreement-date stamp valuation for residential flat acquisitions https://www.taxtmi.com/highlights?id=105050 https://www.taxtmi.com/highlights?id=105050 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Subcontract Profit Duplication Bars Separate Estimated Addition, While Unsupported Donations and Provident Fund Damages Remain Disallowable https://www.taxtmi.com/highlights?id=105049 https://www.taxtmi.com/highlights?id=105049 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expenditure. https://www.taxtmi.com/highlights?id=105048 https://www.taxtmi.com/highlights?id=105048 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires verification. https://www.taxtmi.com/highlights?id=105047 https://www.taxtmi.com/highlights?id=105047 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Aircraft dry-lease rentals receive India-Ireland treaty protection where international-traffic rules apply and unnotified anti-abuse modifications cannot deny benefits. https://www.taxtmi.com/highlights?id=105046 https://www.taxtmi.com/highlights?id=105046 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Profit-element taxation of unrecorded property on-money limits assessment to income rather than gross cash payment. https://www.taxtmi.com/highlights?id=105045 https://www.taxtmi.com/highlights?id=105045 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Excess managerial remuneration recovered by an employer may adjust later-year salary income without reopening the original salary assessment. https://www.taxtmi.com/highlights?id=105044 https://www.taxtmi.com/highlights?id=105044 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI PBDIT benchmarking addresses depreciation-driven comparability distortions, requiring recomputation alongside working-capital adjustment and statutory loss set-off verification. https://www.taxtmi.com/highlights?id=105043 https://www.taxtmi.com/highlights?id=105043 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Territorial jurisdiction in customs seizure disputes follows the place where seizure and provisional-release proceedings create the cause of action. https://www.taxtmi.com/highlights?id=105042 https://www.taxtmi.com/highlights?id=105042 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Knowledge of illegal import activity is essential before facilitation can support Customs Act penalties for undervaluation. https://www.taxtmi.com/highlights?id=105041 https://www.taxtmi.com/highlights?id=105041 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced valuation. https://www.taxtmi.com/highlights?id=105040 https://www.taxtmi.com/highlights?id=105040 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Section 123 presumption requires Customs to establish foreign origin before gold confiscation or penalties can follow. https://www.taxtmi.com/highlights?id=105039 https://www.taxtmi.com/highlights?id=105039 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Compulsory share buy-outs require prior oppression findings and current valuation, requiring reconsideration when statutory conditions are unmet. https://www.taxtmi.com/highlights?id=105038 https://www.taxtmi.com/highlights?id=105038 Sun, 18 Oct 2026 02:24:56 +0530 Corporate Laws Highlights TaxLaws TaxTMI Operational Debt Proven by Tax Records and Ledger Balance Supports Insolvency Admission Despite Invoice PIN Error https://www.taxtmi.com/highlights?id=105037 https://www.taxtmi.com/highlights?id=105037 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI Deposited Funds: Withdrawal entitlement followed appeal party status, requiring remittance exclusively to the eligible appellant. https://www.taxtmi.com/highlights?id=105036 https://www.taxtmi.com/highlights?id=105036 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discretion. https://www.taxtmi.com/highlights?id=105035 https://www.taxtmi.com/highlights?id=105035 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Highlights TaxTMI FERA evidentiary proof: doubtful recovery, inadmissible loose sheets and uncorroborated retractions cannot sustain penalties or confiscation. https://www.taxtmi.com/highlights?id=105034 https://www.taxtmi.com/highlights?id=105034 Sun, 18 Oct 2026 02:24:56 +0530 FEMA Highlights TaxLaws TaxTMI Joint development service-tax treatment requires contractual analysis, while reverse-charge demands need proof of qualifying services and providers. https://www.taxtmi.com/highlights?id=105033 https://www.taxtmi.com/highlights?id=105033 Sun, 18 Oct 2026 02:24:56 +0530 Service Tax Highlights TaxLaws TaxTMI Share pledge priority protects fresh refinancing security against claims based solely on personal guarantees and negative covenants. https://www.taxtmi.com/highlights?id=105032 https://www.taxtmi.com/highlights?id=105032 Sun, 18 Oct 2026 02:24:56 +0530 Corporate Laws Highlights TaxLaws TaxTMI The cumulative exports (merchandise services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion in April-September 2025-26, an estimated growth of 13.84%. https://www.taxtmi.com/news?id=75093 https://www.taxtmi.com/news?id=75093 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws News TaxTMI Recovery of Corporate Debtor Premises and Proof of Tenancy, Lease or Licence Rights under the Insolvency and Bankruptcy Code, 2016 https://www.taxtmi.com/tmi_notes?id=2573 https://www.taxtmi.com/tmi_notes?id=2573 Sun, 18 Oct 2026 02:24:56 +0530 TaxLaws Notes TaxTMI Service of GST Notices through the Common Portal: Statutory Validity and Practical Accessibility https://www.taxtmi.com/tmi_notes?id=2572 https://www.taxtmi.com/tmi_notes?id=2572 Sun, 18 Oct 2026 02:24:56 +0530 GST Notes TaxLaws TaxTMI TNMM Comparability: Operating Items, Search Matrix and Functional Analysis under Rule 10B https://www.taxtmi.com/tmi_notes?id=2571 https://www.taxtmi.com/tmi_notes?id=2571 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Notes TaxLaws TaxTMI Misreporting penalties for political-donation deductions require proof of a specified statutory default, not merely disallowance of the claim. https://www.taxtmi.com/highlights?id=105078 https://www.taxtmi.com/highlights?id=105078 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Conditional registration under section 12AB cannot suspend tax benefits pending litigation outside the statutory grant-and-cancellation framework. https://www.taxtmi.com/highlights?id=105077 https://www.taxtmi.com/highlights?id=105077 Sun, 18 Oct 2026 02:24:56 +0530 Income Tax Highlights TaxLaws TaxTMI Consent letters in customs reassessment waive speaking orders, not an importer's right to challenge enhanced valuation. https://www.taxtmi.com/highlights?id=105076 https://www.taxtmi.com/highlights?id=105076 Sun, 18 Oct 2026 02:24:56 +0530 Customs Highlights TaxLaws TaxTMI Validity of Gold Seizure under Section 110 and the Conditional Reverse Burden under Section 123 of the Customs Act, 1962 https://www.taxtmi.com/tmi_notes?id=2570 https://www.taxtmi.com/tmi_notes?id=2570 Sun, 18 Oct 2026 02:24:56 +0530 Customs Notes TaxLaws TaxTMI Assignment of leasehold rights may fall outside GST when the lessee completely divests its immovable-property interest. https://www.taxtmi.com/highlights?id=105075 https://www.taxtmi.com/highlights?id=105075 Sun, 18 Oct 2026 02:24:56 +0530 GST Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: October 18, 2026 https://www.taxtmi.com/newsletter?id=10/18/2026 https://www.taxtmi.com/newsletter?id=10/18/2026 Daily Updates Tax