Assessment and first appellate proceedings must provide the assessee a meaningful opportunity to present its case. An ex parte assessment followed limited time for share applicants to respond, with replies received after the assessment order. The appellate proceeding was decided after only a conditional notice concerning the Vivad Se Vishwas Scheme during the COVID-19 pandemic. As the record did not establish adequate opportunity before either authority, the assessment and appellate orders were unsustainable for breach of natural justice. The matter was restored for fresh adjudication after granting sufficient opportunity to the assessee.

Penalty under Section 54(1)(14) of the U.P. VAT Act requires an intention to evade tax. Omissions in columns 5 and 6 of Form 38 did not establish such intent where the goods were supported by relevant documents, their weight and description matched, and the transactions were recorded in the books and routed through banking channels. The unreversed finding of no intention to evade tax made restoration of the penalty unsustainable, and the penalty was therefore not sustainable.

Assessment functions under section 73 of the Telangana Goods and Services Tax Act, 2017 are assigned to specified Deputy Commissioners and an Assistant Commissioner (ST) Audit for identified taxpayers and financial years. Assessments must be conducted only through the Scrutiny Module, following the procedure prescribed under the TGST and CGST Acts, 2017.

QRMP scheme taxpayers received an extension for depositing April 2022 tax liability through FORM GST PMT-06 until 27 May 2022. The extension applies with effect from 17 May 2022 and concerns tax payable under the quarterly return and monthly payment framework.

ESOP discount represents employee compensation for services rendered during the vesting period and becomes deductible only proportionately as options vest. Granting options alone neither obliges the employer to issue shares at a discount nor crystallises a deductible liability. A deduction claimed up to the end of the financial year without regard to vesting is likewise inconsistent with the service-linked nature of the expense. Consequently, the full ESOP discount is not deductible in the year of grant, and the deduction claim was disallowed.

FORM GSTR-3B filing deadline for April 2022 under the Telangana Goods and Services Tax framework was extended to 24 May 2022. The extension was issued by the Commissioner of State Tax, Telangana, on the Council's recommendations, under the statutory return-filing power and the prescribed rule governing FORM GSTR-3B. The extended deadline took effect from 17 May 2022.

Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.

Automation of concessional-duty imports requires one-time electronic prior information in Form IGCR-1 and generation of an IGCR Identification Number. Importers must declare the IIN and continuity bond details in the bill of entry, enabling exemption processing and automatic bond debit. Receipt and job-work intimations are removed, but non-receipt, short receipt and goods movements must be recorded and reported in the monthly statement. Imported goods must be used for the intended purpose within six months, or re-exported or cleared on payment of differential duty and interest. Monthly Form IGCR-3 replaces quarterly returns.

Imported polyester quilt covers remain classifiable as declared where their condition at import supports that classification. The possibility that detaching stitches could make them resemble bed sheets does not alter the applicable tariff treatment. Applying an earlier classification determination on materially similar facts, the declared classification was accepted. As the basis for rejecting the declared value depended on the alleged misclassification, the undervaluation allegation also failed. The resulting duty demand, confiscation, fine and penalty were unsustainable.

Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.

Faceless assessment of Bills of Entry requires complete initial disclosure of commodity description, brand, model and assessment-relevant specifications. Supporting technical literature, mandatory documents and certificates should be uploaded at the first instance. e-Sanchit uploads must be legible and linked to the relevant Bill of Entry, enabling assessing officers to examine the material and reducing avoidable queries and delays in assessment and clearance.

Subsequently realised unrealised rent taxable as income from house property under section 25AA remains subject to the applicable computation provisions. Property tax borne and paid by the owner during the relevant year is deductible, irrespective of whether the receipt represents regular rent or unrealised rent realised later. Service tax mandatorily paid by the owner but not recovered from the licensee reduces the unrealised rent ultimately realised, where the related rental income had already been offered to tax. Characterising the settlement as a package arrangement does not defeat that reduction. Taxable income comprises only the balance after giving effect to owner-paid property tax and unrecovered service tax.

Approval is granted for Scientific Research under section 45(3)(b) of the Income-tax Act, 2025 read with Rule 35 of the Income-tax Rules, 2026. The approval applies to the specified company for five tax years, from Tax Year 2026-27 through Tax Year 2030-31, enabling it to be treated as approved for the stated scientific research purpose during that period. The notification certifies that retrospective effect does not adversely affect any person.

Interest subvention support for pre- and post-shipment export credit under EPM-Niryat Prothsahan moves from RBI to EXIM Bank as implementing agency from 1 April 2026. EXIM Bank will manage operationalisation, portal administration, verification and claim-settlement workflows. Lending institutions must continue to pass the benefit upfront to eligible MSME exporters, submit auditor-certified reimbursement claims to EXIM Bank, and receive monthly reimbursement limited to verified subvention actually extended. EXIM Bank will scrutinise IEC-specific claims against the applicable annual ceiling, submit consolidated fund claims through the designated portal, and provide monthly bank-wise reimbursement reports. RBI will continue processing supplementary or additional claims for the January-March 2026 quarter. Other operational provisions remain unchanged.

Compliance with IS 18112:2022 for Television Sets under the Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 is deferred from 26 July 2026 to 26 January 2027. The extended implementation timeline applies to Television Sets listed at serial number 64 of the Schedule to the Order. Customs officers are to be sensitised to the revised effective date, and implementation-related difficulties may be reported to CBIC.

Ekal Anubandh introduces an optional Single All-India Multipurpose Electronic Bond (SEB) for importers and exporters, replacing transaction-specific bonds across ports for selected customs obligations. The SEB may cover provisional assessment, export-promotion schemes, concessional-duty imports or exports, conditional import or export, warehousing, and manufacture or other operations in private or special warehouses; the National Bond under the IGCR procedure remains separate. Users may select obligations, add obligations or bond value later, pay stamp duty and execute the bond electronically through NeSL, without notarisation. Electronic bank guarantees can be linked and validated through ICEGATE, while paper guarantees remain subject to prescribed verification. Phased implementation will follow ICEGATE advisories.

Rejection of Service Exports from India Scheme benefits was inconsistent with an applicable Division Bench ruling on a similar claim. That ruling had invalidated cancellation of the relevant scrips, directed removal from the Denied Entry List, and set aside the penalty. The rejection order therefore could not be sustained and was set aside, restoring the claimant's position under the Scheme in line with the earlier ruling.

AD Code registration for exports follows a one-time registration model: an AD Code and associated bank account registered against an IEC at one Customs port may be used at all Customs locations for filing shipping bills. New registrations and updates must be requested online through ICEGATE and approved at the selected port of registration. Multiple AD Codes and bank accounts may remain linked to one IEC. Amendments to a particular AD Code account can be made only at its registered port, while existing AD Codes are mapped to the port where the last related shipping bill was filed.

Rule 22(4) permits the proper officer to drop GST registration cancellation proceedings where a registered person, instead of replying to a notice for non-furnishing of returns, furnishes all pending returns and pays outstanding tax, interest and late fee. Given the serious civil consequences of cancellation, restoration may be considered when these compliance requirements are met. A registered person may seek restoration within the stipulated period, and the concerned authority must consider and dispose of the application expeditiously in accordance with law upon compliance. The writ petition was disposed of with liberty to pursue restoration.

The SOP for movement and cross-stuffing of International Transshipment-FCL containers between Port Terminals and designated CFSs now requires the Port Terminal Operator to verify container numbers and seal integrity before permitting terminal exit or entry; exit verification must be undertaken against the EIR copy. Physical verification by the Preventive Officer at terminal gates is dispensed with to reduce congestion, while Customs control continues through the Custodian-cum-Carrier Bond under HCCAR, 2009. Any container-number or seal discrepancy found during transit or upon arrival must be immediately reported to the jurisdictional AC/DC, and further processing requires the proper officer's permission. All other Customs checks and statutory requirements continue unchanged, with immediate effect.