The Supreme Court condoned delay, issued notice in the special leave petition, and directed that it be tagged with Civil Appeal No. 1009 of 2014. Counsel appearing for the respondent accepted notice. The text records only these procedural directions and does not address or determine any substantive income-tax issue.

For concluded, unabated assessments, additions under Section 153A require incriminating material found during the search and connected with the specific addition; additions lacking such material cannot be sustained. Commodity-trading losses cannot be treated as fictitious merely on exchange or broker data and untested third-party allegations where no nexus, synchronised trading, or contrived losses is proved. Disallowance of expenditure relating to exempt income requires recorded satisfaction and a demonstrated nexus with interest-bearing funds, and cannot mechanically increase book profit. Unexplained-credit additions fail where supporting evidence and remand-report material substantiate the taxpayer's explanation.

GST cases investigated by Enforcement Wings are transferred to territorial proper officers for show cause notice issuance, adjudication and further action after required approval and online case transfer. Enforcement Wings retain matters where intimation is satisfactorily answered or payment is made, goods-in-movement cases, and voluntary-payment closure proceedings. Higher-value cases are transferred to the Additional Commissioner (Administration) for adjudication and rectification, while subsequent recovery, appeals and refunds return to Enforcement. Pending cases, multi-year investigations, and previously adjudicated matters are governed by specified transfer and follow-up arrangements.

IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.

GST cases requiring a show-cause notice for detected unpaid, short-paid or erroneously refunded tax, or wrongly availed or utilised input tax credit exceeding the prescribed annual threshold, must be transferred with the draft notice to the concerned Additional Commissioner for adjudication. The Additional Commissioner handles rectification, while the originating Proper Officer resumes recovery, appeals and refunds after adjudication. Pending cases, including multi-year matters meeting the threshold in any year, are transferred under the prescribed process. Voluntary pre-notice payments and already adjudicated cases remain with the investigating or Proper Officer for closure and follow-up action.

System-generated scrutiny notices must specify the particulars required from the assessee. Where those particulars are omitted, the procedural defect requires the assessee to receive the requisite information and an opportunity to respond before a fresh assessment. The text records no determination on the validity of notices issued under Sections 143(2) and 142(1), nor on the merits of the assessment. Participation in the assessment proceedings did not remove the need for procedural correction.

Section 128A permits waiver of interest, penalty, or both for specified section 73 demands relating to the eligible period. Tax paid through FORM GSTR-3B before the provision came into force may qualify where paid before the relevant demand notice or adjudication order and verified by the proper officer. For later availment, payment must follow Rule 164. Where proceedings cover both eligible and non-eligible periods, tax may be paid for the eligible period and an application filed in FORM SPL-01 or FORM SPL-02, with intimation that the appeal will not be pursued for that period.

Prior-period expenditure arising from reconciliation of assets, liabilities and common expenditure transferred on restructuring is deductible in the year when the liability crystallises. The issue had already been resolved in favour of the assessee in an earlier decision, and review of that decision was rejected. The stated legal position therefore allows deduction of such expenditure in the crystallisation year.

Renewal of a deemed-invalidated Authorised Courier registration is sought through Form K where invalidation resulted from inactivity exceeding one year. The applicant must provide registration and operational particulars, confirm payment of customs dues and validity of bond and security, disclose changes in relevant persons or registration information, state reasons for renewal, and disclose penalties, convictions, or prosecutions. The applicant must certify the information's accuracy, affirm compliance with the regulatory framework, and undertake to report subsequent changes within thirty days.

Territorial jurisdiction for summons under section 70(1) of the Rajasthan GST Act is assigned to specified State Tax Commissioners within their respective Zone, Circle or Ward, or across Rajasthan with prior permission of the Chief Commissioner or Additional Commissioner. The jurisdiction generally concerns taxpayers and persons located in Rajasthan, but a person outside the State may be summoned where required for determination of liability.

Delegation of powers under the Rajasthan Goods and Services Tax framework is amended retrospectively from 3 March 2025. Joint, Deputy and Assistant Commissioners of State Tax are authorised to grant temporary identification numbers under Rule 16A. A further condition restricts the relevant delegated power in cases under consideration to matters passed by an officer other than the officer exercising that power.

Rajasthan SGST adjudication authority is revised for determining unpaid or short-paid tax, erroneous refunds, and wrongly availed or utilised input tax credit. Additional, Joint and Deputy Assistant Commissioners may act within territorial jurisdiction or throughout Rajasthan with prior permission of the Chief Commissioner. The framework covers non-fraud and fraud-related cases up to financial year 2023-24 and relevant discrepancies from financial year 2024-25 onward. Cases exceeding the prescribed threshold require prior approval of the concerned Additional Commissioner before adjudication proceedings begin.

Courier Shipping Bill-V requires authorised couriers to report shipment, exporter, consignee, invoice, goods-classification, valuation, e-commerce and GST particulars for courier exports. Jewellery consignments under the specified tariff headings require additional e-commerce details, disclosure of intended re-import facility, and item-wise information on jewellery type, metal purity and weight, certificates, and any diamonds or other stones. The authorised courier must confirm exporter authorisation to book the shipment, act for clearance and export, and abide by the exporter-based declaration.

Deferred payment of customs import duty is extended to 30 days for eligible importers from 1 March 2026. Duty relating to Bills of Entry returned for payment in months other than March is payable by the first day of the following month, while March Bills of Entry require payment by the last day of March. Eligible Manufacturer Importers may seek approval to access the facility, with applications permitted from 1 March 2026. ICES has been enhanced, and holidays and Sundays are excluded where a due date falls on such days.

Pre-registration Input Tax Credit on stock is available only where a person liable for registration applies within thirty days of the date on which registration liability arises. The claim requires the prescribed electronic declaration in Form GST ITC-01 within the applicable eligibility period. Proper officers must regularly monitor new registrations and reject Input Tax Credit claims for periods before the registration application where the taxpayer applied after the thirty-day registration period.

Customs automation introduces auto goods registration for specified eligible importers, including authorised economic operator entities, eligible manufacturer importers, longstanding supply-chain importers and direct port delivery users. Auto Out of Charge is available to importers after applicable duty payment where no compliance requirement remains. Auto Let Export Order is available for facilitated shipping bills not selected for examination or assessment, requiring no partner government agency no-objection certificate, and with applicable duty or cess paid.

Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.

A mechanically propelled wheeled vehicle is a motor vehicle where it is suitable or adapted for movement on roads, regardless of its actual operation only within restricted or enclosed private premises. A Reach Stacker mounted on a four-wheeled chassis and designed to travel on depot roads while carrying containers meets that test. Its use solely within an inland container depot and lack of registration do not change its character as a motor vehicle. The stated consequence is that the claimant is entitled to assessment of damages.

Write-off of irrecoverable customs arrears is assigned to designated committees for the respective commissionerates. The committees have full authority to abandon irrecoverable fines and penalties and may write off irrecoverable customs duty up to Rs. 10 lakhs per case, subject to reporting to the next higher authority. Once duty or tax is written off, the associated interest is automatically written off. Proposals must follow the applicable Master Circular on Recovery and Write-Off of Arrears of Revenue and use the prescribed proforma.

Borrowed-services receipts earned by a foreign assessee from its Indian group entity were examined for characterisation as fees for technical services taxable in India. The assessment treated the amounts as consultancy and technical-service fees. Earlier decisions in the assessee's own assessment years had consistently held that such borrowed-services income was not taxable under the applicable treaty. As no new facts or distinguishing material were identified, the established treaty treatment continued to apply, and the receipts were not taxable as fees for technical services.