Income Tax
Income Tax

Recorded Expense Not Proved False Cannot Attract Section 271AAB Penalty: ITAT Nagpur
Income Tax
Income Tax
Income Tax
Finance

PCIT Approval Beyond Three Years Invalidates Reassessment: ITAT Bangalore

619–650 Days’ Income Tax Appeal Delay Not Condoned Due to Negligence: ITAT Raipur

619–650 Days’ Income Tax Appeal Delay Not Condoned Due to Negligence: ITAT Raipur

Karnataka Bank 555-Day Special Fixed Deposit: 7.00% Rate, Premature Closure, Tax and DICGC
Income Tax
Goods and Services Tax

Caution : Last Month To Avail GST Input Tax Credit of FY 2025-2026

GST on Diwali Corporate Gifts: Employee ₹50,000 Limit, ITC and Dealer Incentives

CBIC Invites Public Suggestions on Proposed GST Liability and ITC Amendment Mechanism

GST Registration Amendment Rules 2026: Automatic Approval, REG-14 and OTP Verification
Corporate Law

Delayed UPS Contributions: DoPPW Clarifies Restoration of Pension Units Under Rule 8(1)

UPS Jeevan Setu Digital Life Certificate Facility Launched; Annual Submission by 30 November

UPS Contributions During Suspension: DoPPW Clarifies Rules 6(2) and 7(3)

UPS Pension Benefits on Deputation: DoPPW Clarifies Rule 27 Authorisation Responsibilities
Custom Duty

CBIC Circular No. 47/2026-Customs: Phased SCMTR Export Message Transition by 31 January 2027

Ice-Cream Machinery Reclassification Without Speaking Order Invalid: CESTAT Kolkata

Customs Valuation Enhancement Without Valid Comparable Imports Set Aside: CESTAT Mumbai

Parallel Invoices Prove Customs Undervaluation but Cannot Justify Blanket Enhancement of Past Imports: CESTAT Delhi
Company Law

Resolution Plan May Change Corporate Debtor’s Business Model: NCLAT Delhi

Reliance Defence Merger: NCLT Mumbai Waives Shareholder and Creditor Meetings

Share Valuation Cannot Be Reopened After Supreme Court Affirmation: NCLAT Delhi

NCLT Cannot Dismiss Oppression Petition Without Examining Allegations: NCLAT Delhi
CA, CS, CMA

DGFT Import Restriction Cannot Apply to Goods Arriving Before Gazette Publication: Delhi HC

DGFT Allows Agarwood Oil and Chips Exports Through Guwahati Airport

DGFT Constitutes RELIEF Sub-Committee to Boost Export Facilitation

DGFT Removes UIN Requirement for Export Factoring Support Under Export Promotion Mission
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CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…














