A single composite show cause notice under Section 74 cannot validly combine distinct tax periods or financial years. Each tax period must be addressed separately under the statutory scheme; clubbing multiple periods renders the notice jurisdictionally defective. Where adjudication and appellate proceedings are founded on such a composite notice, the defect extends to the consequential orders and proceedings, which are liable to be quashed.

Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.

Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.

Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.

Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.

Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.

Assessment functions for specified taxpayers are assigned to the jurisdictional Additional Commissioner (State Tax) or Joint Commissioner (State Tax) of the relevant division. Assessments must be undertaken exclusively through the Scrutiny Module and in accordance with the prescribed procedure under the Telangana and Central Goods and Services Tax laws.

Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.

Assessment functions under section 73 of the Telangana Goods and Services Tax Act, 2017 are re-assigned to the jurisdictional Additional Commissioner (ST) or Joint Commissioner (ST) of the concerned division for specified taxpayers. Such assessments must be conducted only through the Scrutiny Module and in accordance with the procedure prescribed under the Telangana and Central Goods and Services Tax Acts, 2017.

The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.

Service Exports India Scheme duty-scrip applications cannot be rejected solely because the applicant lacked an Import Export Code when services were rendered, following the amendment to paragraph 2.05 of the Foreign Trade Policy 2015-2020. Applications rejected on that basis require fresh reconsideration within three months. The period during which the petitions remained pending will not be counted for limitation. Whether the applications are otherwise barred by limitation remains open for determination.

Rule 137 is amended retrospectively from 30 November 2021 by extending the prescribed period from four years to five years. FORM GST DRC-03 is revised from 1 December 2021 to cover tax intimation through FORM GST DRC-01A, scrutiny, inspection, and specified return mismatches. Its payment table is replaced to capture tax period, applicable Act, place of supply, tax liabilities, interest, penalty, fee, ledger utilisation, and debit-entry particulars.

SEIS benefits under the Foreign Trade Policy 2015-20 cannot be denied merely because a service exporter lacked an active Importer Exporter Code when services were rendered or exported. Paragraph 2.05 requires service providers to hold an Importer Exporter Code when claiming Chapter 3 benefits, rather than at the time of export. Where the same issue has already been conclusively resolved in the claimant's earlier proceedings and no new basis for denial exists, the SEIS claim remains admissible.

Specified provisions of the Telangana Goods and Services Tax (Amendment) Act, 2021 were brought into force from 1 January 2022. The operative commencement covers sections 2, 3, and 7 to 15, pursuant to the State Government's power under section 1(2) of the Amendment Act.

Special leave proceedings concerned an income-tax dispute between the tax department and a taxpayer. The Supreme Court condoned the filing delay, declined to interfere after considering the facts and circumstances, and dismissed the special leave petition. Pending applications were consequently disposed of. The order does not set out the underlying tax issue, statutory interpretation, or reasons beyond the decision not to interfere.

ESOP discount is treated as employee compensation incurred to secure and retain employees' services, rather than as a capital outlay or a contingent, notional claim. The liability accrues progressively as employees render services during the vesting period and is therefore deductible as an ascertained business expenditure under Section 37(1) of the Income-tax Act, 1961. The deduction should be claimed on a pro-rata basis over the vesting period, with reversals for options that lapse or remain unvested and appropriate adjustment when options are exercised.

Wheat export quota allocations are reviewed according to utilization and requests for additional quantities or surrender. Exporters must provide a Chartered Accountant-certified utilization certificate, shipping bill details, and supporting justification, export contracts, or purchase orders. Additional allocation requests also require a corresponding online amendment application. Further allocation may be considered where more than half of the authorized quantity has been used, while unused quantities under lower-utilization authorizations may enter a common pool for redistribution. Delayed or incomplete submissions may result in reallocation and exclusion from future restricted export authorizations.

Input tax credit on invoices or debit notes requiring outward-supply reporting may be availed only where the supplier has furnished the details in FORM GSTR-1 or through the invoice furnishing facility and those details have been communicated to the recipient in FORM GSTR-2B. Rule 144A establishes recovery of unpaid detention-related penalty through auction or e-auction of detained or seized goods or conveyances, subject to release on payment before auction notice and special treatment for perishable, hazardous, or depreciating goods. Provisional-attachment procedures prescribe service of the attachment order and FORM GST DRC-22A for objections.

Foreign-currency loans to associated enterprises should be benchmarked using LIBOR, with repayments of outstanding loan amounts considered when recomputing the transfer-pricing adjustment. Expenditure disallowance relating to exempt dividend income under section 14A and Rule 8D requires recorded satisfaction, based on the accounts, that the taxpayer's own claim is incorrect. Where direct demat and bank charges were voluntarily disallowed, Rule 8D could not be invoked without identifying further exempt-income-related expenditure and recording that dissatisfaction. The interest adjustment therefore requires LIBOR-based recalculation, while the unsupported exempt-income expenditure disallowance cannot stand.

Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.