Addition for alleged unexplained bank deposits under Section 69A was unsustainable because the discrepancy arose from comparing full-year deposits with figures considered only up to 22 January 2018. Bank records showed that deposits exceeded the departmental insight information and represented business receipts later remitted for telecom recharges. No independent verification established that transactions in the relevant bank account fell outside regular business receipts. Deletion of the addition was therefore upheld.

Input tax credit on ducts and manholes forming part of an optical fiber cable network used to provide telecommunication services is not restricted under the blocked-credit provisions concerning works contract services or construction of immovable property. These components are integral to transmitting telecommunication signals and fall within plant and machinery because they are used for making outward supplies. They are not excluded as land, buildings, civil structures, telecommunication towers or pipelines laid outside factory premises.

Section 14A disallowance under Rule 8D is restricted where an assessee's own funds substantially exceed its investments, creating a presumption that the investments were made from own funds. No interest expenditure is therefore disallowable under Rule 8D(2)(ii), and no direct expenditure disallowance arises under Rule 8D(2)(i). Administrative expenditure under Rule 8D(2)(iii) must be computed only with reference to investments that actually yielded exempt dividend income. Investments in foreign companies whose dividends are taxable must be excluded from that computation.

GST exemption applies to loans, credit or advances where consideration is solely interest or discount, other than interest in credit card services. No separate processing, facilitation or administration service is deemed in loans between an overseas affiliate and its Indian affiliate, or between related persons, merely because no fee other than interest or discount is charged; open market value cannot be used to levy GST on such deemed service. Processing, administrative, service or loan-granting fees charged in addition to interest or discount are taxable consideration for loan-related services.

Business-use equipment installed at leased or rented premises qualifies as plant and machinery eligible for depreciation at 15%, rather than furniture and fixtures. For exempt-income expenditure, sufficient own funds support a presumption that investments were interest-free funded, and the Rule 8D computation should include only investments yielding exempt dividend income; foreign investments producing taxable dividends and non-yielding investments are excluded. Conversion costs and purchased spare parts reflected in closing stock are actual allowable costs, not contingent provisions. Residential flats substantiated as business guest houses qualify for depreciation at 10%. Repair and maintenance expenditure remains disallowable to the extent attributable to capital assets or unsupported capital components.

Import policy for clear float glass classified under ITC (HS) codes 70051090 and 70052990 is changed from Free to Restricted. Imports remain free where the CIF value is Rs. 34,000 or more per metric tonne. The minimum import price condition is inapplicable to Advance Authorisation holders, Export Oriented Units and Special Economic Zone units if imported inputs are not sold into the Domestic Tariff Area, and applies for one year from publication.

FORM GSTR-3B for the months from July 2019 to September 2019 must be furnished electronically through the common portal by the twentieth day of the succeeding month. Registered persons must discharge liabilities towards tax, interest, penalty, fees, or other payable amounts through the electronic cash ledger or electronic credit ledger, as applicable, by the prescribed return-filing due date.

Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.

Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.

Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.

The time limit for registered persons required to deduct tax at source to furnish FORM GSTR-7 returns for the periods from October 2018 through July 2019 is extended until 31 August 2019. The extension operates under the return-filing and tax-deduction-at-source provisions and the prescribed GSTR-7 procedure. Earlier specified State Tax notifications are superseded, without affecting actions already taken or omitted before supersession.

GST treatment of motor-vehicle salvage depends on contractual ownership after claim settlement. Where the insurer deducts agreed salvage value from a total-loss claim, salvage remains with the insured; the deduction is a contractual deductible, not consideration for a supply by the insurer, and no GST liability arises for the insurer. Where the insurer settles the claim for the full declared vehicle value without a salvage deduction, salvage becomes the insurer's property. The insurer must discharge outward GST on its subsequent sale or supply of that salvage.

The amendments require multiplex cinema-service suppliers to issue electronic tickets deemed to be tax invoices, while allowing non-multiplex suppliers to use that procedure optionally. They establish electronic application and order forms for surrender and cancellation of GST practitioner enrolment, extend the record-retention period, and prescribe an application-and-reasoned-order process for unblocking e-way bill generation. Refund Statement 5B is revised for deemed-export claims to capture relevant supply documents, supplier identification and tax-paid details.

Cash credits require verification of each creditor's identity, genuineness and creditworthiness; where additional material is accepted without further inquiry and adequate opportunity was lacking, fresh assessment verification is required. Repairs and renovation of leased premises are revenue expenditure where they create no capital asset for the taxpayer. Irrecoverable advances to a related subsidiary may be deductible where the write-off has a direct business nexus. Reliably estimated warranty obligations are allowable business liabilities, not contingent liabilities. Costs of an unsuccessful acquisition bid for expansion within the existing business may retain revenue character. Dealer incentives and discounts do not attract tax deduction where dealers purchase and resell independently rather than act as agents.

Departmental GST appeals, applications and special leave petitions are subject to prescribed monetary thresholds, while every proposed appeal must also be considered on merits. The disputed amount is determined according to whether the dispute concerns tax, interest, penalty, late fee or erroneous refund; composite orders are assessed on the aggregate disputed amount. Thresholds do not apply to constitutional or statutory validity issues, valuation, classification, refunds, place of supply, recurring or interpretative issues, adverse strictures or costs, and matters requiring contest in the interest of justice or revenue. Non-filing solely on monetary grounds creates no precedent or departmental acquiescence.

Pre-amendment Section 35FF governed refund of a pre-deposit made before 6 August 2014 under the saving proviso to the amended provision. Interest became payable only if the refundable pre-deposit was not returned within three months from communication of the appellate order. Where the amount deposited in 2005 was refunded within three months of the refund application after the demand was set aside, no interest was payable.

Warranty replacement treatment applies to replacement of entire goods as well as parts. Where a distributor replaces goods or parts from its own stock on behalf of a manufacturer and receives replenishment without separate consideration, no GST is payable on replenishment and the manufacturer need not reverse input tax credit. Extended warranty supplied by a person different from the goods supplier is a separate supply of services. Extended warranty supplied after the original sale is also a distinct taxable supply of services.

Section 13 of the Telangana Goods and Services Tax (Amendment) Act, 2020 is brought into force with effect from 1 September 2019 under the State Government's commencement power.

Before section 142A(2) took effect on 1 October 2014, a reference to the Departmental Valuation Officer for estimating undisclosed construction investment required prior rejection of the assessee's books of account. Where the books were not rejected, the valuation reference and resulting report could not support additions for unexplained investment under section 69B; the valuation-based additions were therefore unsustainable. Grounds concerning valuation and related claims, left undecided as academic after deletion of the additions, required merits adjudication after affording opportunity. The deletion remained sustained, while unresolved grounds were restored to the appellate authority for decision on merits.

Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.