New Delhi/Bengaluru, Sep 11 (PTI) The Enforcement Directorate (ED) on Friday said it has seized Rs 3.45 crore in cash during searches against Karnataka PWD Minister Satish Jarkiholi, his family members and others in a FEMA investigation related to their alleged undisclosed overseas investments and cross-border business links. The central agency said in a statement that the September 9-10 searches, conducted under the Foreign Exchange Management Act (FEMA), showed that the Jarkiholi family "ac... ... ...

Mumbai, Sep 11 (PTI) Former liquor baron Vijay Mallya continues to evade the legal process in India, and the recovery of debts by the banks does not absolve him of the money laundering charges, the Enforcement Directorate (ED) has submitted to the Bombay High Court. The central agency on September 8 filed its affidavit in response to a petition filed by Mallya in 2020 seeking a closure of the criminal cases lodged against him. His dispute with the banks was settled after the debts were re... ... ...

Priority of charge - security interest realised under SARFAESI Act, 2002 - registration of security under Section 26B of the SARFAESI Act, 2002 - priority contemplated by Section 26E of the SARFAESI Act, 2002 - crown debt including Sales Tax, Commercial Tax and Income Tax - power of Registering Authority to register sale certificates notwithstanding attachment - remittance of surplus proceeds from auction sale to tax departments HELD THAT:- There is gross delay of 326 days in filing the Speci... ... ...

Input tax credit under a special rebating scheme is addressed as a concession or right, including the requirement to claim credit through an original or revised return, rectification during reassessment, and refund or adjustment of excess credit with interest. The legal issue concerns the interaction between substantive provisions and machinery provisions, with substantive provisions prevailing. The Supreme Court declined to interfere with the High Court judgment and dismissed the special leave petitions.

Mandatory pre-deposit under Section 35F of the Central Excise Act requires the stipulated duty or penalty amount before an appeal can be entertained. Deposits made through GST DRC-03 must be considered consistently where an earlier deposit through that mode has already been accepted. A subsequent deposit through the same mode cannot be disregarded without a valid basis. On considering both deposits and the remaining prescribed balance deposited before the Tribunal, the mandatory pre-deposit requirement stood satisfied.

Limitation for appeal to Commissioner (Appeals) - Statutory limit on condonation of delay - Maintainability of the Central Excise appeal filed after expiry of the prescribed and condonable periods of limitation HELD THAT: - Section 35(1) prescribes a period of 60 days from communication of the order, with a further period of only 30 days condonable upon sufficient cause. After excluding the COVID-related period, the appeal was filed beyond both the normal period and the maximum further period... ... ...

Reconsideration of adjudication by designated officers - Applicability of the coordinate-bench ruling requiring adjudication to be reconsidered from the show-cause-notice stage by designated officers HELD THAT: - The Court found that the controversy was directly and squarely covered by the coordinate-bench ruling in M/S KARNATAKA CHINMAYA SEVA TRUST [2024 (9) TMI 64 - KARNATAKA HIGH COURT] and that the present petition stood on the same footing. It consequently applied the directions in that ... ... ...

Social Welfare Surcharge - duty credit scrip / MEIS exemption - chargeability as percentage of duties levied and collected - distinction between levy and collection for tax chargeability - Article 265 - taxes not to be imposed save by authority of law HELD THAT:- The Special Leave Petition was disposed of on account of the tax effect being below the prescribed threshold, with the question of law kept open.... ... ...

Deduction u/s 80P - Deduction for marketing agricultural produce of members by co-operative society - Deduction of interest on deposits with co-operative bank Marketing agricultural produce of members - Deduction under section 80P(2)(a)(iii) - Eligibility of paddy procurement commission for deduction as profits from marketing agricultural produce grown by members of a primary agricultural co-operative society - HELD THAT: - The procurement activity involved coordinating the purchase of paddy ... ... ...

Unexplained cash deposits - Section 69A addition for bank cash deposits - Profit element in unproved cash deposits - unexplained money where the assessee had produced business records and supporting evidence HELD THAT: - Though the assessee did not fully establish the source of the disputed deposits, documentary material, including the books and financial records of the edible-oil trading concern, had been produced and partly accepted by the Assessing Officer. A complete addition was therefor... ... ...

Section 87A rebate on income taxable at special rates - Denial of section 87A rebate in respect of income taxable at the special rates under sections 111A and 11B HELD THAT: - The co-ordinate Bench JAYSHREEBEN JAYANTIBHAI PALSANA [2025 (8) TMI 842 - ITAT AHMEDABAD] had accepted the assessee's stand. The distinction sought on the ground that the decision was not of a jurisdictional Bench was held untenable, as no distinction either in law or on facts was identified. [Paras 4, 5] The ass... ... ...

Bogus LTCG from sale of shares - Addition based solely on uncorroborated investigation information Addition of the sale consideration of shares as unexplained income on the allegation of bogus long-term capital gains - HELD THAT: - The assessee substantiated the purchase and sale of shares by contract notes, banking records, broker's ledger, Demat trail and long-term capital-gain workings. The shares were purchased through a registered broker, held in Demat form, sold through a recognised... ... ...

Order made beyond the prescribed period of limitation - in the Show Cause Notice, only one issue was raised and other issues were not even raised - HELD THAT:- The petition was disposed of with liberty to challenge the appealable order giving effect to the earlier orders on all available grounds; all contentions were expressly left open.... ... ...

Seeking a direction to the respondent to decide Rectification Application in a time bound manner - HELD THAT:- Without expressing any opinion on merits of the application, the writ petition is disposed of with the direction to the authority concerned to decide Rectification Application within a period of eight weeks from the date of communication of the instant order along with photocopy of the application.... ... ...

Entitlement to anticipatory bail in an alleged wrongful input tax credit case - As argued one co-accused has been granted anticipatory bail by this Court HELD THAT:- The anticipatory bail application was rejected, the Court holding that the petitioner's case was distinguishable from that of the co-accused who had been granted anticipatory bail.... ... ...

Mumbai, Sep 11 (PTI) Finance Minister Nirmala Sitharaman on Friday urged the Reserve Bank of India (RBI) to further advance its central bank digital currency (CBDC) initiatives and sharpen its capabilities with the digital rupee, amid rapid developments in tokenisation, agentic AI and quantum computing. The finance minister also flagged cybersecurity, urging the financial services ecosystem to pay sufficient attention to the issue and warned that the capabilities of autonomous systems powered... ... ...

The Secretary, ITE&C, Government of Andhra Pradesh is specified under section 258(1)(b) of the Income-tax Act, 2025 for receiving information regarding income-tax payers. The authorised information sharing is limited to identifying eligible beneficiaries under welfare schemes implemented by the Government of Andhra Pradesh.

Existing officers must continue handling all registration, refund, scrutiny, audit, enforcement, adjudication, appeal and related tasks allocated to them before the jurisdictional order of 17 August 2026. This temporary direction applies despite changes to an officer's office nomenclature or territorial jurisdiction, until the Boweb Portal is updated to reflect amended jurisdiction mappings. It is issued to ensure uniform implementation of the Rajasthan GST framework and remove administrative ambiguity arising from the creation of new offices and reassignment of jurisdictions.

Territorial jurisdiction under the Rajasthan Goods and Services Tax Act, 2017 is assigned to corresponding levels of proper officers, aligning GST jurisdiction with territorial assignments made under the Rajasthan VAT Rules, 2025 and specified provisions of the Rajasthan VAT Act, 2003. The order supersedes the earlier territorial-jurisdiction notification issued in 2023 and takes effect from 15 August 2026.

Jurisdiction under the RGST Act is determined on the date a statutory power is exercised. Actions validly undertaken by the officer having jurisdiction before a taxable person migrates to another jurisdiction remain valid and are not retrospectively invalidated. After migration, the former jurisdictional officer cannot initiate or continue action and must refer any new matter to the current jurisdictional officer. The current officer must take over pending proceedings from their existing stage, implement earlier actions, pursue consequential proceedings, and represent or conduct related appellate proceedings as though the earlier action had been initiated by that officer.