Interest for delayed filing of return in reassessment - Levy of interest for delayed filing of return pursuant to reassessment where the quantum appeal remains pending - HELD THAT: - The charging of interest under section 234A is mandatory, but its amount depends upon the income ultimately determined in the pending quantum appeal. The assessee's request for disposal of the appeal was accordingly accepted. [Paras 5] The appeal was dismissed, with a direction to recompute the interest after... ... ...

Income surrendered during a survey on account of excess cash, stock discrepancy, unrecorded creditors, debtors and construction investment - deemed income u/ss 69 and 69A - Applicability of section 115BBE to survey income HELD THAT: - The assessee's only source of income was the electrical and electronic trading business, and no material was found during survey indicating any other source. The survey statement showed that the discrepancies were stated to be business income requiring recon... ... ...

Scope of reassessment where no addition is made on recorded reasons - Addition for the difference between stamp-duty circle rate and consideration for purchase of immovable property in reassessment initiated to verify the source of investment HELD THAT: - The recorded reason for reopening was verification of the source of investment in the residential property. As the assessee's explanation of that source was accepted and no addition was made on the recorded reason, an addition on the dis... ... ...

Validity of Revisionary proceedings - no reasonable opportunity of hearing - denial of Principles of natural justice Validity of revisionary proceedings where the assessee was afforded only one day to respond to the notice proposing revision of the assessment - HELD THAT: - Hon'ble Supreme Court in Sambhaji and Ors V Gangabai and Ors. [2008 (11) TMI 393 - SUPREME COURT] has held that the object of prescribing procedure is to advance the cause of justice. In an adversarial justice system, ... ... ...

Penalty u/s 270A for misreporting of income - erroneous deduction claim withdrawn during assessment Levy of enhanced penalty for misreporting on an erroneous claim of deduction u/s 80IAC after the assessee had opted for the taxation regime under section 115BAA - HELD THAT: - For penalty at the rate applicable to misreporting, the Assessing Officer was required to establish that the case fell within one of the specified instances of misreporting under section 270A(9). The order levying penalty... ... ...

Notional interest on overdue associated-enterprise receivables - Arm's length interest on foreign-currency ECB loans - Transfer-pricing benchmarking of royalty for technical know-how Netting of overdue associated-enterprise receivables and payables - Notional interest on overdue receivables - Transfer-pricing adjustment for notional interest on overdue receivables from an associated enterprise where overdue payables to the same associated enterprise exceeded the receivables - HELD THAT: -... ... ...

TDS u/s 194C on external development charges paid to Haryana Urban Development Authority HELD THAT: - Following the jurisdictional High Court decision in M/s Puri Construction Private Limited [2024 (2) TMI 756 - DELHI HIGH COURT] which held that external development charges paid to the Authority attracted deduction of tax as contractual payments under section 194C, the Tribunal upheld the Assessing Officer's action. [Paras 8] The assessee was rightly treated as an assessee in default u... ... ...

Transfer pricing comparability in adverse market conditions - Selection of transfer pricing comparables - consideration of evidence - Arm's length price of intra-group services - consideration of evidence Transfer pricing comparability in adverse market conditions - Single-year profit level indicator comparison - Transfer pricing comparability of the Brakes Division where the relevant year was affected by adverse market conditions arising from COVID-19 - HELD THAT: - Where adverse economi... ... ...

Rectification of mistake apparent from record - Non-adjudication of ground of appeal Whether Non-adjudication of the ground concerning recharacterisation of the assessee's IT and ITeS services and its alleged classification as KPO services constituted a mistake apparent from the record? - HELD THAT: - The Tribunal found that the ground challenging recharacterisation had not been adjudicated in its earlier order, which had dealt only with the comparables issue. Such omission was an inadver... ... ...

Limitation for rectification application - Recall for failure to consider material objections Limitation for rectification application - Timeliness of the miscellaneous application seeking recall of the appellate order - HELD THAT: - The prescribed six-month period for filing the miscellaneous application was required to be reckoned from the date on which the assessee received the appellate order, and not from the date of that order. [Paras 2] The miscellaneous application was held to be w... ... ...

Revision u/s 264 pending from more than four and a half years - HELD THAT:- We dispose of this petition with a direction to the respondent to take an appropriate decision strictly in accordance with law on the pending Revision Application referred to above within a period of two months from the date of production of the certified copy of this order after affording due opportunity of hearing to the assessee - petitioner. We make it clear that we have not entered into the merits of the matter a... ... ...

Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.

Section 168A of the Arunachal Pradesh Goods and Services Tax Act, 2017 extends the limitation period for issuing orders under section 73(9) concerning tax unpaid or short paid, or input tax credit wrongly availed or utilised. Orders may be issued until 31 December 2023 for financial year 2017-18, 31 March 2024 for financial year 2018-19, and 30 June 2024 for financial year 2019-20.

Tax officers may use artificial intelligence for abstract research and drafting assistance only where no identifiable taxpayer information or case-specific facts are disclosed. Uploading or transmitting taxpayer records to unauthorised external platforms is prohibited and remains the personal responsibility of the officer, including where a subordinate acts on the officer's behalf. Quasi-judicial notices and orders must reflect the signing officer's independent application of mind, with all AI-generated legal propositions and citations verified from primary sources. Departmental data must not be integrated with external systems or processed through personal devices or accounts.

Automated issuance of Free Sale and Commerce Certificates is enabled on the DGFT portal for eligible exporter applications concerning items outside the Drugs & Cosmetics Act, 1940. The system-driven, risk-based workflow replaces routine manual verification and approval by Regional Authorities, supporting paperless processing and faster turnaround. Applications that require verification or do not meet automated processing parameters will continue to undergo manual processing. Auto-approved applications may also be flagged subsequently for Regional Authority review under the system's risk-management parameters.

Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.

DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.

Central excise exemption treatment under the applicable tariff table is amended by substituting the entry in column (4) against serial number 2 with "Rs. 1 per litre". The substituted rate applies from the date of publication in the Official Gazette and revises the corresponding entry in the existing miscellaneous exemptions framework.

Central Government amends the central excise exemption framework established under Notification No. 08/2026-Central Excise. The entry in column (4) against serial number 1 of the applicable Table is substituted with "Rs. 19 per litre", effective from publication in the Official Gazette.

United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.