Corporate Law
Corporate Law
CoC Commercial Wisdom Prevails Over NCLAT in Essar Steel Resolution: Supreme Court
Supreme Court upholds CoC commercial wisdom in Essar Steel insolvency resolution, permits differential creditor treatment and limits NCLT/NCLAT review.
Income Tax
Income Tax
Income Tax
Income Tax
Interest Under Sections 234B and 234C Mandatory but Waiver Possible: Supreme Court
Section 14A Rule 8D Applies Only to Dividend-Yielding Investments: ITAT Kolkata
Calcutta HC Upholds Quashing of Assessment for ACIT’s Lack of Pecuniary Jurisdiction
ITAT Kolkata Quashes Reassessment by ITO for Lack of Pecuniary Jurisdiction
Income Tax
Goods and Services Tax
CBI Arrests Bhopal CGST Superintendent for Accepting ₹2 Lakh Bribe
Bombay HC Refuses Interim Bail in Alleged Rs. 66 Crore Fake GST ITC Case
GST Matter Reassigned After Same Officer Audits and Adjudicates: Karnataka HC, Kalaburagi Bench
Supplier Certificate Fails to Establish Disputed IGST Credit: GSTAT Raipur Upholds Demand
Corporate Law
NDPS Bail Granted Where Only Co-Accused Statements Linked Petitioners to Drug Seizure: Karnataka HC
Bank and SFIO Look-Out Circulars Without Legal Grounds Quashed: Calcutta HC
Bank Must Give Reasons Before Declaring Borrowers Fraud: Bombay High Court
Transferred Winding-Up Petition Must Proceed as CIRP: Delhi High Court
Custom Duty
SC Rejects Customs Appeal Over Samsung Mobile Phone Covers Classification
Mobile Phone Front, Middle and Back Covers Are Parts Under CTH 85177090: CESTAT Delhi
CAAR Mumbai Classifies Siemens IPC Motherboard, Chassis and Power Supply Separately
CBIC Notifies India–New Zealand FTA Rules of Origin Effective 20 October 2026
Company Law
Nutrition Business Demerger Sanctioned With Income Tax Scrutiny Rights Preserved: NCLT Mumbai
Shareholder Removal Without Sufficient Cause Requires Register Rectification: NCLT Ahmedabad
Merger Sanction Does Not Extinguish Tax Recovery Rights: NCLT Chennai
MSCARO 2026: New Audit Reporting Framework for Multi-State Cooperative Societies
CA, CS, CMA
DGFT Revises Export Policy for Prepared Culture Media Under ITC HS 38210000
DGFT Extends Minimum Import Price on Glufosinate Imports Till 12th April 2027
DGFT Clarifies Silver Import Rules Under ITC(HS) 71069221: Authorisation Sufficient
DGFT Amends Para 4.49 of FTP 2023 for Rough Diamond Trading in Special Notified Zones
Judiciary & Case Law
All Judgments →
Punjab and Haryana High Court
ITA-210-2026 (O&M)
Section 148 Notice Issued by Jurisdictional AO Invalid Following Jyoti Sareen: Punjab and Haryana HC
Punjab and Haryana HC dismissed Revenue’s appeal against quashing a JAO-issued Section 148 notice, following its ruling in Jyoti Sareen.
October 14, 2026
Punjab and Haryana High Court
ITA-224-2026 (O&M)
JAO-Issued Section 148 Reassessment Notice Invalid: Punjab and Haryana HC
Punjab and Haryana HC dismissed Revenue’s appeal against quashing a JAO-issued Section 148 notice, following Jyoti Sareen.
October 14, 2026
ITAT Mumbai
ITA 7307/MUM/2026
₹35.81 Crore Additions Remanded With ₹1 Lakh Costs for Repeated Non-Compliance: ITAT Mumbai
ITAT Mumbai remanded disputed additions for fresh assessment subject to ₹1 lakh costs, granting a final opportunity despite repeated non-compliance.
October 14, 2026
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CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
