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Wed, 07 Oct 2026 18:39:45 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 JOB WORK: ESSENTIAL COMPLIANCE https://www.taxtmi.com/article/detailed?id=17342 https://www.taxtmi.com/article/detailed?id=17342 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Digital Personal Data Protection (Removal of Difficulties) Order, 2026. https://www.taxtmi.com/notifications?id=147215 https://www.taxtmi.com/notifications?id=147215 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Notifications TaxTMI Reserved High Court Judgments: Constitutional Timelines, Accountability and Litigant Remedies https://www.taxtmi.com/tmi_notes?id=2535 https://www.taxtmi.com/tmi_notes?id=2535 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Notes TaxTMI Inverted-duty ITC refunds cover higher-rated component inputs, not just principal materials, subject to statutory exclusions and formula-based limits. https://www.taxtmi.com/highlights?id=104683 https://www.taxtmi.com/highlights?id=104683 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Statutory timing for GST detention: delayed penalty orders are invalid despite administrative obstacles or intervening regulatory action. https://www.taxtmi.com/highlights?id=104682 https://www.taxtmi.com/highlights?id=104682 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Supplier tax payment remains a cumulative input tax credit condition, while reversal demands require transaction-specific evidence and reasons. https://www.taxtmi.com/highlights?id=104681 https://www.taxtmi.com/highlights?id=104681 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Central Bureau of Narcotics (CBN) conducts Jan Samvad at Malana in Kullu District to create preventive drug awareness and to promote development https://www.taxtmi.com/news?id=75055 https://www.taxtmi.com/news?id=75055 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Price Depression in Securities Markets: Evidentiary Requirements under the PFUTP Regulations https://www.taxtmi.com/tmi_notes?id=2534 https://www.taxtmi.com/tmi_notes?id=2534 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Notes TaxTMI Adopted Joint Statement after the India-UK Financial Markets Dialogue 2026, held in London https://www.taxtmi.com/news?id=75054 https://www.taxtmi.com/news?id=75054 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Vested appellate rights protect penalty-only GST appeals from later pre-deposit burdens when adjudication began before amendment. https://www.taxtmi.com/highlights?id=104680 https://www.taxtmi.com/highlights?id=104680 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Foreign Leave Travel Concession and Tax Deduction at Source under Sections 10(5), 192 and 201 https://www.taxtmi.com/tmi_notes?id=2533 https://www.taxtmi.com/tmi_notes?id=2533 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Notes TaxLaws TaxTMI Section 74 extended limitation requires pleaded facts establishing fraud, wilful misstatement or suppression, not a mere tax mismatch. https://www.taxtmi.com/highlights?id=104679 https://www.taxtmi.com/highlights?id=104679 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee October 5 to 7, 2026 https://www.taxtmi.com/news?id=75051 https://www.taxtmi.com/news?id=75051 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities https://www.taxtmi.com/news?id=75053 https://www.taxtmi.com/news?id=75053 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Commerce and Industry Minister Shri Piyush Goyal Holds Meetings with Leading U.S. Companies in New York to Strengthen India–U.S. Trade and Investment Ties https://www.taxtmi.com/news?id=75052 https://www.taxtmi.com/news?id=75052 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Re-assignment of appeals pending in Kolkata Zone in partial modification of Order No. 04/2025 dated 28.04.2025 https://www.taxtmi.com/circulars?id=71534 https://www.taxtmi.com/circulars?id=71534 Wed, 07 Oct 2026 18:39:45 +0530 Excise Circulars TaxLaws TaxTMI An Approach Paper on Expanding the scope and coverage for the Index of Services Production https://www.taxtmi.com/news?id=75050 https://www.taxtmi.com/news?id=75050 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI DRI cracks down on cross-border gold smuggling along Indo-Bangladesh border; seizes over 8.3 kg foreign-origin gold; 4 arrested https://www.taxtmi.com/news?id=75049 https://www.taxtmi.com/news?id=75049 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI No ITC, Limited Reach: The Price Of Six Per Cent Composition https://www.taxtmi.com/article/detailed?id=17538 https://www.taxtmi.com/article/detailed?id=17538 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI HIGHER AND SUBORDINATE AUTHORITIES AFTER RECENT AMENDEMENT -analysed to show that multiple designations are in practice. These need reduction and simplification to avoid litigation. https://www.taxtmi.com/article/detailed?id=17537 https://www.taxtmi.com/article/detailed?id=17537 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Articles TaxLaws TaxTMI Good times have started for the taxpayers through GSTAT. https://www.taxtmi.com/article/detailed?id=17536 https://www.taxtmi.com/article/detailed?id=17536 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Customs held your genuine shipment on an IPR complaint?Check the registration first https://www.taxtmi.com/article/detailed?id=17535 https://www.taxtmi.com/article/detailed?id=17535 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Factual Disputes Call For Adjudication, Not Premature Writ Intervention https://www.taxtmi.com/article/detailed?id=17534 https://www.taxtmi.com/article/detailed?id=17534 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Tamil Nadu's GST Collection Paradox: Falling Domestic Collections, Rising State Receipts https://www.taxtmi.com/article/detailed?id=17533 https://www.taxtmi.com/article/detailed?id=17533 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI CURRENT ECONOMY AND RECENT DEVELOPMENTS IN GST https://www.taxtmi.com/article/detailed?id=17532 https://www.taxtmi.com/article/detailed?id=17532 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI FILING OF FORMS UNDER INSOLVENCY RESOLUTION PROCESS OF PERSONAL GUARANTORS TO CORPORATE DEBTOR – PART I https://www.taxtmi.com/article/detailed?id=17531 https://www.taxtmi.com/article/detailed?id=17531 Wed, 07 Oct 2026 18:39:45 +0530 Corporate Laws Articles TaxLaws TaxTMI Interest on wrongly availed and utilised input tax credit runs from actual utilisation until reversal under GST rules. https://www.taxtmi.com/highlights?id=104642 https://www.taxtmi.com/highlights?id=104642 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Natural justice in GST appeals requires hearings and reasoned orders; non-prosecution cannot end appeals without merits review. https://www.taxtmi.com/highlights?id=104641 https://www.taxtmi.com/highlights?id=104641 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy governs Customs adjudication challenges after orders, making writ relief on securities and assessments unavailable. https://www.taxtmi.com/highlights?id=104640 https://www.taxtmi.com/highlights?id=104640 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Irrevocable joint development rights prevented land exclusion from CIRP, requiring status quo pending appellate disposal. https://www.taxtmi.com/highlights?id=104639 https://www.taxtmi.com/highlights?id=104639 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Special bail treatment for women accused of money laundering permits departure from twin conditions, subject to case-specific judicial discretion. https://www.taxtmi.com/highlights?id=104638 https://www.taxtmi.com/highlights?id=104638 Wed, 07 Oct 2026 18:39:45 +0530 PMLA Highlights TaxLaws TaxTMI Portal service of GST show cause notices requires effective intimation; absent notice invalidates adjudication and requires fresh hearing. https://www.taxtmi.com/highlights?id=104637 https://www.taxtmi.com/highlights?id=104637 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Input Tax Credit reconciliation requires examination of return records before excess-credit demands are reconsidered and bank attachments released. https://www.taxtmi.com/highlights?id=104636 https://www.taxtmi.com/highlights?id=104636 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Statutory limitation bars appellate condonation beyond the prescribed outer limit, but implemented registration restoration made departmental challenges infructuous. https://www.taxtmi.com/highlights?id=104635 https://www.taxtmi.com/highlights?id=104635 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Temporal application of customs exemptions protects pre-amendment multimodal consignments from denial of provisional release consideration. https://www.taxtmi.com/highlights?id=104634 https://www.taxtmi.com/highlights?id=104634 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Appellate jurisdiction over baggage imports is excluded, requiring confiscation challenges involving passenger-carried gold to proceed by statutory revision. https://www.taxtmi.com/highlights?id=104633 https://www.taxtmi.com/highlights?id=104633 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Article 227 review permits intervention in arbitration only for manifest, patent inherent jurisdictional defects, not representational authority disputes. https://www.taxtmi.com/highlights?id=104632 https://www.taxtmi.com/highlights?id=104632 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Section 32A immunity protects successor companies from pre-CIRP corporate offences after approved resolution plans change management or control. https://www.taxtmi.com/highlights?id=104631 https://www.taxtmi.com/highlights?id=104631 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Tribunal leave for proceedings against a company in liquidation is mandatory where the suit seeks joint reliefs. https://www.taxtmi.com/highlights?id=104630 https://www.taxtmi.com/highlights?id=104630 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Locus Standi of Non-Parties Limits Recall of Resolution-Plan Implementation Orders and Supports Time Exclusion for Delayed Possession https://www.taxtmi.com/highlights?id=104629 https://www.taxtmi.com/highlights?id=104629 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Shareholder standing in resolution-plan appeals excludes challenges based solely on shareholding, and unsupported fraud claims cannot cure the defect. https://www.taxtmi.com/highlights?id=104628 https://www.taxtmi.com/highlights?id=104628 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Room-service food sales excluded from service tax; liquor-brand promotion remained taxable only within the normal limitation period. https://www.taxtmi.com/highlights?id=104627 https://www.taxtmi.com/highlights?id=104627 Wed, 07 Oct 2026 18:39:45 +0530 Service Tax Highlights TaxLaws TaxTMI Parallel Criminal Acquittal Does Not Defeat Independently Acknowledged Cheque Liability or Statutory Presumptions in Dishonour Proceedings https://www.taxtmi.com/highlights?id=104626 https://www.taxtmi.com/highlights?id=104626 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Statutory GST Appeal Channels Challenges to Consolidated Notices into Appellate Review Rather Than Writ Adjudication https://www.taxtmi.com/highlights?id=104621 https://www.taxtmi.com/highlights?id=104621 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Anticipatory bail after CGST summons remains maintainable, but requires circumstances justifying pre-arrest protection during investigation. https://www.taxtmi.com/highlights?id=104620 https://www.taxtmi.com/highlights?id=104620 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Show-cause notice service is mandatory before ex parte GST demand; non-service requires fresh adjudication after a hearing. https://www.taxtmi.com/highlights?id=104619 https://www.taxtmi.com/highlights?id=104619 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Natural justice in ex parte GST adjudication secured fresh consideration where pregnancy prevented participation and appellate limitation had expired. https://www.taxtmi.com/highlights?id=104618 https://www.taxtmi.com/highlights?id=104618 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI GST on compulsory acquisition of immovable property cannot be deducted because expropriation is not a taxable supply. https://www.taxtmi.com/highlights?id=104617 https://www.taxtmi.com/highlights?id=104617 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Statutory delay-condonation limits restrict GST appellate jurisdiction, while restored registrations render departmental challenges infructuous after implementation. https://www.taxtmi.com/highlights?id=104616 https://www.taxtmi.com/highlights?id=104616 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Notional Rental Income Excluded for Unsold Flats That Remain Legally Unoccupiable Without an Occupancy Certificate https://www.taxtmi.com/highlights?id=104615 https://www.taxtmi.com/highlights?id=104615 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Company-funded jewellery held for safekeeping does not constitute a cash loan or deposit, making the related penalty unsustainable. https://www.taxtmi.com/highlights?id=104614 https://www.taxtmi.com/highlights?id=104614 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Jurisdiction over amalgamating companies fails when TDS orders target entities that ceased to exist after notified amalgamation. https://www.taxtmi.com/highlights?id=104613 https://www.taxtmi.com/highlights?id=104613 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Interest on belated refund claims is unavailable when the return was filed late without prior condonation of delay. https://www.taxtmi.com/highlights?id=104612 https://www.taxtmi.com/highlights?id=104612 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment based on reviewed loan evidence fails without fresh material, while post-April electronic notices require section 148A compliance. https://www.taxtmi.com/highlights?id=104611 https://www.taxtmi.com/highlights?id=104611 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Foreign tax credit remains available where delayed prescribed-form filing is procedural and substantive eligibility is undisputed. https://www.taxtmi.com/highlights?id=104610 https://www.taxtmi.com/highlights?id=104610 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Concealment Penalty Fails When Appeal Effect Deletes Underlying Additions, While Notice-Default Penalty Is Also Deleted https://www.taxtmi.com/highlights?id=104609 https://www.taxtmi.com/highlights?id=104609 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment Notices to Deceased Assessees Are Jurisdictionally Invalid Without Timely Notice to Legal Representatives and Void https://www.taxtmi.com/highlights?id=104608 https://www.taxtmi.com/highlights?id=104608 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Receipt-based treaty taxation requires royalties and technical-service fees to follow receipts, while restricted software supplies are not royalty. https://www.taxtmi.com/highlights?id=104607 https://www.taxtmi.com/highlights?id=104607 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Agency termination compensation is business income, while export and eligible-unit deductions depend on direct nexus. https://www.taxtmi.com/highlights?id=104606 https://www.taxtmi.com/highlights?id=104606 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Speaking orders for customs reassessment are mandatory; value enhancement without one cannot displace the declared import value. https://www.taxtmi.com/highlights?id=104605 https://www.taxtmi.com/highlights?id=104605 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Nexus between attached bank balances and proceeds of crime is essential for PMLA attachment confirmation. https://www.taxtmi.com/highlights?id=104604 https://www.taxtmi.com/highlights?id=104604 Wed, 07 Oct 2026 18:39:45 +0530 PMLA Highlights TaxLaws TaxTMI Tax classification by form at sale places GRD Powder and GRD Mix under the residuary entry, not non-alcoholic beverages. https://www.taxtmi.com/highlights?id=104603 https://www.taxtmi.com/highlights?id=104603 Wed, 07 Oct 2026 18:39:45 +0530 VAT Highlights TaxLaws TaxTMI Secretary, DFS, Shri Sanjay Lohiya chairs review meeting on progress of Financial Inclusion Schemes with senior executives of Public Sector and Private Sector Banks https://www.taxtmi.com/news?id=75048 https://www.taxtmi.com/news?id=75048 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Refund of Accumulated Input Tax Credit under Inverted Duty Structure: Section 54(3)(ii) and Rule 89(5) https://www.taxtmi.com/tmi_notes?id=2532 https://www.taxtmi.com/tmi_notes?id=2532 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Detention of Goods in Transit: Consequences of Delayed Penalty Orders Under Section 129(3) https://www.taxtmi.com/tmi_notes?id=2531 https://www.taxtmi.com/tmi_notes?id=2531 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI ITC: Constitutional Validity of Section 16(2)(c) of the CGST Act and Supplier-Tax-Payment Condition for Input Tax Credit https://www.taxtmi.com/tmi_notes?id=2530 https://www.taxtmi.com/tmi_notes?id=2530 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Omission of export-refund restriction requires pending integrated-tax refund claims to be assessed without the former eligibility bar. https://www.taxtmi.com/highlights?id=104625 https://www.taxtmi.com/highlights?id=104625 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Substantive Right of Appeal and Onerous Pre-Deposit Conditions under the CGST Act https://www.taxtmi.com/tmi_notes?id=2529 https://www.taxtmi.com/tmi_notes?id=2529 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Interim arrest protection cannot survive dismissal of an unmaintainable anticipatory-bail application; GST arrest requires communicated statutory authorisation. https://www.taxtmi.com/highlights?id=104624 https://www.taxtmi.com/highlights?id=104624 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Extended Limitation under GST: Fraud, Wilful Misstatement and Suppression Must Appear from the Notice https://www.taxtmi.com/tmi_notes?id=2528 https://www.taxtmi.com/tmi_notes?id=2528 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Section 87A rebate on Section 111A gains remains available where applicable law contains no express exclusion. https://www.taxtmi.com/highlights?id=104623 https://www.taxtmi.com/highlights?id=104623 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Authentication and forwarding of Export Declaration Forms (EDFs) at Non- EDI Customs locations https://www.taxtmi.com/circulars?id=71533 https://www.taxtmi.com/circulars?id=71533 Wed, 07 Oct 2026 18:39:45 +0530 Customs Circulars TaxLaws TaxTMI Transfer-pricing comparability requires justified turnover filters and availability-based related-party transaction thresholds to ensure reliable uncontrolled benchmarks. https://www.taxtmi.com/highlights?id=104622 https://www.taxtmi.com/highlights?id=104622 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Cabinet approves Commitment of Rs.10,000 Crore towards establishment of the SME Growth Fund for direct equity investments in Small and Medium Enterprises to create future champions https://www.taxtmi.com/news?id=75047 https://www.taxtmi.com/news?id=75047 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Cabinet approves setting up of Integrated Transport Logistics Authority https://www.taxtmi.com/news?id=75046 https://www.taxtmi.com/news?id=75046 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Customs custodianship for Ennore cargo appoints Viking Warehousing to hold import and export goods pending statutory clearance. https://www.taxtmi.com/highlights?id=104602 https://www.taxtmi.com/highlights?id=104602 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Interim pharmaceutical export clearance relief extends, while future clearances require full regulatory compliance after the extension period. https://www.taxtmi.com/highlights?id=104601 https://www.taxtmi.com/highlights?id=104601 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Integrated cargo security controls require CFSs to link vehicle access, tasking, Customs holds and independent gate-out verification. https://www.taxtmi.com/highlights?id=104600 https://www.taxtmi.com/highlights?id=104600 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Online Customs refund re-filing requires rectification of deficiencies; manual applications for returned claims will not be accepted. https://www.taxtmi.com/highlights?id=104599 https://www.taxtmi.com/highlights?id=104599 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Import documentation for cosmetics, drugs and medical devices requires category-specific licences, labels, certificates and shelf-life verification. https://www.taxtmi.com/highlights?id=104598 https://www.taxtmi.com/highlights?id=104598 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI The issue of portal only upload is getting resolved within three months. https://www.taxtmi.com/article/detailed?id=17528 https://www.taxtmi.com/article/detailed?id=17528 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Disputed Classification Calls for Appeal, Not Writ Intervention https://www.taxtmi.com/article/detailed?id=17527 https://www.taxtmi.com/article/detailed?id=17527 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI IICA observed 3rd IICA CSR Day on Gandhi Jayanti with a Special Address by the DG CEO to Participants of the IICA Certified CSR Professional Programme ahead of NCCSR 2026 https://www.taxtmi.com/news?id=75045 https://www.taxtmi.com/news?id=75045 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI No more improper invocation of section 16 (2) (c) of the CGST Act please. https://www.taxtmi.com/article/detailed?id=17530 https://www.taxtmi.com/article/detailed?id=17530 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Rule 96(10) - Quietus for Pending Proceedings, a Refund Window for the Rest? https://www.taxtmi.com/article/detailed?id=17529 https://www.taxtmi.com/article/detailed?id=17529 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI ARRESTS UNDER GOODS AND SERVICES TAX (PART-2) https://www.taxtmi.com/article/detailed?id=17526 https://www.taxtmi.com/article/detailed?id=17526 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI The Beneficiary May Be Unregistered, but Section 122(1A) Cannot Operate Retrospectively https://www.taxtmi.com/article/detailed?id=17525 https://www.taxtmi.com/article/detailed?id=17525 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI SEAT AND VENUE OF THE ARBITRATION https://www.taxtmi.com/article/detailed?id=17524 https://www.taxtmi.com/article/detailed?id=17524 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Articles TaxTMI Monetary-limit compliance governs departmental GST appeals; Commissioner authorisation alone does not establish an exception or permit merits review. https://www.taxtmi.com/highlights?id=104597 https://www.taxtmi.com/highlights?id=104597 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Electronic Cash Ledger balances do not end GST interest for prior periods until debit discharges delayed GSTR-3B liabilities. https://www.taxtmi.com/highlights?id=104596 https://www.taxtmi.com/highlights?id=104596 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Technical textile classification places laminated HDPE geomembrane under the lower GST rate from the effective date. https://www.taxtmi.com/highlights?id=104595 https://www.taxtmi.com/highlights?id=104595 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI GST classification of outdoor playground and gym equipment distinguishes sports goods from physical-exercise equipment and bearings. https://www.taxtmi.com/highlights?id=104594 https://www.taxtmi.com/highlights?id=104594 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Tax payable threshold under Section 276CC prevents prosecution where liability is unestablished and non-filing lacks wilful intent. https://www.taxtmi.com/highlights?id=104593 https://www.taxtmi.com/highlights?id=104593 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Separate speaking orders on reopening objections are mandatory; deciding them within reassessment invalidates jurisdiction and precludes revival of stale proceedings. https://www.taxtmi.com/highlights?id=104592 https://www.taxtmi.com/highlights?id=104592 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Appeal Filing Does Not Stay Tax Recovery, Though Further Recovery May Pause During First Appeal https://www.taxtmi.com/highlights?id=104591 https://www.taxtmi.com/highlights?id=104591 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Recorded satisfaction before Rule 8D application bars additional exempt-income expense disallowance and preserves voluntary taxpayer computation. https://www.taxtmi.com/highlights?id=104590 https://www.taxtmi.com/highlights?id=104590 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Customer-referral commission is business income, not fees for technical services, where no know-how is made available. https://www.taxtmi.com/highlights?id=104589 https://www.taxtmi.com/highlights?id=104589 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Cash-payment disallowance requires verified statutory conditions; unreliable civil-contractor books may instead support estimated business income. https://www.taxtmi.com/highlights?id=104588 https://www.taxtmi.com/highlights?id=104588 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Berry Ratio rejected for jewellery manufacturing; receivables interest depends on customer-credit parity and binding book-profit directions. https://www.taxtmi.com/highlights?id=104587 https://www.taxtmi.com/highlights?id=104587 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Jurisdictional satisfaction for concealment penalty cannot be created later by substituting a distinct penal provision after assessment. https://www.taxtmi.com/highlights?id=104586 https://www.taxtmi.com/highlights?id=104586 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Delayed trade receivables require independent arm's length benchmarking after the agreed credit period, using currency-appropriate interest rates. https://www.taxtmi.com/highlights?id=104585 https://www.taxtmi.com/highlights?id=104585 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Compulsorily convertible debentures remain debt before conversion, preventing transfer-pricing and interest-deduction disallowances on the stated facts. https://www.taxtmi.com/highlights?id=104584 https://www.taxtmi.com/highlights?id=104584 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Arm's length pricing of captive electricity follows the distribution licensee's supply rate, while penalty initiation challenges remain premature. https://www.taxtmi.com/highlights?id=104583 https://www.taxtmi.com/highlights?id=104583 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Pass-through associated enterprise purchases require no arm's length adjustment where credit notes align prices with the unrelated supplier. https://www.taxtmi.com/highlights?id=104582 https://www.taxtmi.com/highlights?id=104582 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Stock-in-trade transfer taxability follows possession and consideration, not later conveyance registration, limiting deemed-value provisions to the actual transfer year. https://www.taxtmi.com/highlights?id=104581 https://www.taxtmi.com/highlights?id=104581 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Tax withholding on settlement compensation requires an identified statutory obligation before a disallowance can arise. https://www.taxtmi.com/highlights?id=104580 https://www.taxtmi.com/highlights?id=104580 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Compulsorily convertible debentures remain debt until conversion, preventing transfer-pricing recharacterisation as equity without the GAAR procedure. https://www.taxtmi.com/highlights?id=104579 https://www.taxtmi.com/highlights?id=104579 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Reciprocal plot exchanges: Consideration in kind prevents section 43CA valuation addition where no stamp-duty shortfall exists. https://www.taxtmi.com/highlights?id=104578 https://www.taxtmi.com/highlights?id=104578 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Project-import contract registration before importation determines Heading 98.01 eligibility, while Section 18A permits qualifying post-clearance Bill revisions. https://www.taxtmi.com/highlights?id=104577 https://www.taxtmi.com/highlights?id=104577 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Clean slate protection prevents enforcement of pre-CIRP export obligations through Denied Entry List restrictions after resolution approval. https://www.taxtmi.com/highlights?id=104576 https://www.taxtmi.com/highlights?id=104576 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Resolution-plan feasibility fails where SEZ land conversion lacks consent and the Information Memorandum conceals regulatory uncertainty. https://www.taxtmi.com/highlights?id=104575 https://www.taxtmi.com/highlights?id=104575 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI GST limitation turns on issuance of substantive notices and orders, not later electronic DRC summaries, preserving appellate review. https://www.taxtmi.com/highlights?id=104574 https://www.taxtmi.com/highlights?id=104574 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Rule 138B authorisation and alternative appellate remedies limited the writ challenge to confiscation proceedings involving scrap-goods transport. https://www.taxtmi.com/highlights?id=104573 https://www.taxtmi.com/highlights?id=104573 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Alternative statutory remedy under GST bars writ challenge where classification, notice variance, and hearing disputes require factual appellate review. https://www.taxtmi.com/highlights?id=104572 https://www.taxtmi.com/highlights?id=104572 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Writ jurisdiction over CGST penalties requires a clear natural-justice breach; record-dependent challenges belong in statutory appeal. https://www.taxtmi.com/highlights?id=104571 https://www.taxtmi.com/highlights?id=104571 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Anticipatory bail under GST requires a communicated arrest-authorisation order; summons alone make a pre-arrest petition premature. https://www.taxtmi.com/highlights?id=104570 https://www.taxtmi.com/highlights?id=104570 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Proof of statutory breach limits strict-liability transit penalties where consignee-address errors are bona fide and goods match documents. https://www.taxtmi.com/highlights?id=104569 https://www.taxtmi.com/highlights?id=104569 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Part B e-way bill exception protects initial intrastate movement to transporter premises from tax penalties. https://www.taxtmi.com/highlights?id=104568 https://www.taxtmi.com/highlights?id=104568 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Electronic Cash Ledger balances do not discharge GST return liabilities until debit, sustaining interest on delayed return filing. https://www.taxtmi.com/highlights?id=104567 https://www.taxtmi.com/highlights?id=104567 Wed, 07 Oct 2026 18:39:45 +0530 GST Highlights TaxLaws TaxTMI Duplicate PAN cancellation timeframe requires prior administrative representation before judicial intervention, ensuring a time-bound decision on the request. https://www.taxtmi.com/highlights?id=104566 https://www.taxtmi.com/highlights?id=104566 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Upper turnover filters in software transfer pricing comparability were upheld, defeating the Revenue's challenge to selected comparable companies. https://www.taxtmi.com/highlights?id=104565 https://www.taxtmi.com/highlights?id=104565 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI GST refund taxability: Audit-report disclosure alone does not convert unclaimed indirect-tax refunds into taxable income. https://www.taxtmi.com/highlights?id=104564 https://www.taxtmi.com/highlights?id=104564 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Omission without a saving clause removes the basis for penalties tied to Form 3CEB reporting of specified domestic transactions. https://www.taxtmi.com/highlights?id=104563 https://www.taxtmi.com/highlights?id=104563 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Conditional stay of transfer-pricing demand requires deposit and cooperation pending early disposal of the appeal process. https://www.taxtmi.com/highlights?id=104562 https://www.taxtmi.com/highlights?id=104562 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Mandatory draft assessment orders protect non-resident eligible assessees from jurisdictionally defective reassessments involving prejudicial variations. https://www.taxtmi.com/highlights?id=104561 https://www.taxtmi.com/highlights?id=104561 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Extended limitation for wrongly exempted special additional duty sustained, while related interest and penalty were set aside. https://www.taxtmi.com/highlights?id=104560 https://www.taxtmi.com/highlights?id=104560 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Cross-segment derivatives manipulation triggered market-access restraints and preservation of alleged wrongful gains through interim directions pending investigation. https://www.taxtmi.com/highlights?id=104559 https://www.taxtmi.com/highlights?id=104559 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Natural justice and pre-CIRP labour awards protect termination compensation, permitting withdrawal of court deposits despite later insolvency resolution plans. https://www.taxtmi.com/highlights?id=104558 https://www.taxtmi.com/highlights?id=104558 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI Look Out Circulars require demonstrated flight risk or investigation obstruction and cannot persist solely during pending inquiries. https://www.taxtmi.com/highlights?id=104557 https://www.taxtmi.com/highlights?id=104557 Wed, 07 Oct 2026 18:39:45 +0530 PMLA Highlights TaxLaws TaxTMI Nexus between cash and proceeds of crime established through excise-evasion evidence and uncorroborated source claims. https://www.taxtmi.com/highlights?id=104556 https://www.taxtmi.com/highlights?id=104556 Wed, 07 Oct 2026 18:39:45 +0530 PMLA Highlights TaxLaws TaxTMI Known encumbrances in SARFAESI auctions remain payable before property can be delivered free of departmental attachments. https://www.taxtmi.com/highlights?id=104555 https://www.taxtmi.com/highlights?id=104555 Wed, 07 Oct 2026 18:39:45 +0530 Excise Highlights TaxLaws TaxTMI Arbitration of SEZ sub-lease monetary claims preserves rent, maintenance, termination, improvements and damages disputes while unused premises are vacated. https://www.taxtmi.com/highlights?id=104554 https://www.taxtmi.com/highlights?id=104554 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws Highlights TaxTMI gst case law required S.16(2)(c) of GST can't be applied Mechanically to Deny ITC: PH HC issues 14 Guidelines for Dept. /forum/issue?id=121162 /forum/issue?id=121162 Wed, 07 Oct 2026 18:39:45 +0530 GST Discussion-Forum TaxLaws TaxTMI Supplier Default and the Buyer's ITC - Liability Must Be Established, Not Assumed https://www.taxtmi.com/article/detailed?id=17520 https://www.taxtmi.com/article/detailed?id=17520 Wed, 07 Oct 2026 18:39:45 +0530 GST Articles TaxLaws TaxTMI Preserving Financial Stability in an Evolving World - Special Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India, at the Fifth Kautilya Economic Conclave on October 3, 2026 https://www.taxtmi.com/news?id=75044 https://www.taxtmi.com/news?id=75044 Wed, 07 Oct 2026 18:39:45 +0530 TaxLaws News TaxTMI Scientific research approval grants a research association tax recognition, subject to annual donor reporting, certification, and regulatory compliance. https://www.taxtmi.com/highlights?id=104553 https://www.taxtmi.com/highlights?id=104553 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Import permits for non-insecticidal pesticide use now require Form IA applications, verified supporting records, and compliance with revised rules. https://www.taxtmi.com/highlights?id=104552 https://www.taxtmi.com/highlights?id=104552 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Trade finance governance: revised Sub-Committee structure applies uniformly across Niryat Protsahan interventions under the Export Promotion Mission. https://www.taxtmi.com/highlights?id=104551 https://www.taxtmi.com/highlights?id=104551 Wed, 07 Oct 2026 18:39:45 +0530 Customs Highlights TaxLaws TaxTMI Non-resident deposit reporting shifts to CIMS Sankalan, requiring monthly NRD-CSR submissions through approved digital reporting channels. https://www.taxtmi.com/highlights?id=104550 https://www.taxtmi.com/highlights?id=104550 Wed, 07 Oct 2026 18:39:45 +0530 FEMA Highlights TaxLaws TaxTMI Board-approved internal guidelines for Form A2 outward remittances may now be approved by delegated Board or management committees. https://www.taxtmi.com/highlights?id=104549 https://www.taxtmi.com/highlights?id=104549 Wed, 07 Oct 2026 18:39:45 +0530 FEMA Highlights TaxLaws TaxTMI Omission of Rule 96(10) of the CGST Rules and Its Effect on Pending Integrated Tax Refund Proceedings https://www.taxtmi.com/tmi_notes?id=2527 https://www.taxtmi.com/tmi_notes?id=2527 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Interim Protection from Arrest after Dismissal of Anticipatory Bail under the GST Arrest Framework https://www.taxtmi.com/tmi_notes?id=2526 https://www.taxtmi.com/tmi_notes?id=2526 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Interplay of Sections 87A, 111A and 115BAC(1A) in Computing Rebate on Special-Rate Capital Gains https://www.taxtmi.com/tmi_notes?id=2525 https://www.taxtmi.com/tmi_notes?id=2525 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Notes TaxLaws TaxTMI Reassessment limitation excludes reply time but preserves a finite statutory period for completing the pre-notice process. https://www.taxtmi.com/highlights?id=104548 https://www.taxtmi.com/highlights?id=104548 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Reassessment approvals and limitation require separate statutory tests, with book-entry evidence independently supporting extended reopening periods. https://www.taxtmi.com/highlights?id=104547 https://www.taxtmi.com/highlights?id=104547 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Section 87A rebate may cover eligible short-term capital-gains tax under the earlier new-regime statutory framework. https://www.taxtmi.com/highlights?id=104546 https://www.taxtmi.com/highlights?id=104546 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Make-available requirement limits treaty taxation of management and support fees unless recipients gain independently usable technical capability. https://www.taxtmi.com/highlights?id=104545 https://www.taxtmi.com/highlights?id=104545 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI Pre-cognizance hearings under BNSS are mandatory for PMLA complaints when the cognizance stage is governed by BNSS. https://www.taxtmi.com/highlights?id=104544 https://www.taxtmi.com/highlights?id=104544 Wed, 07 Oct 2026 18:39:45 +0530 PMLA Highlights TaxLaws TaxTMI Extended Limitation u/s 74 of the CGST Act: Foundational Facts for Fraud, Wilful Misstatement and Suppression https://www.taxtmi.com/tmi_notes?id=2524 https://www.taxtmi.com/tmi_notes?id=2524 Wed, 07 Oct 2026 18:39:45 +0530 GST Notes TaxLaws TaxTMI Fiscal transparency requires partner-specific treaty analysis for UK partnership income, preventing automatic FTS treatment of legal services. https://www.taxtmi.com/highlights?id=104543 https://www.taxtmi.com/highlights?id=104543 Wed, 07 Oct 2026 18:39:45 +0530 Income Tax Highlights TaxLaws TaxTMI TMI Updates - Newsletter dated: October 07, 2026 https://www.taxtmi.com/newsletter?id=10/07/2026 https://www.taxtmi.com/newsletter?id=10/07/2026 Daily Updates Tax