Excise Duty
Excise Duty
Export Goods Destroyed in CWC Fire Eligible for Excise Duty Remission: Bombay HC
Bombay HC allows excise duty remission where export goods were destroyed by fire at CWC/CFS after Let Export Order but before actual export.
Corporate Law
Company Law
Business
Corporate Law
Tax Demand Outside Approved IBC Resolution Plan Stands Extinguished: Calcutta HC
Income Tax Cannot Set Off Refund Against Tax Dues During IBC Moratorium: NCLAT
Dr. Reddy’s Laboratories to announce Q2FY27 results on 23 October 2026
NCLAT Delhi Upholds ₹1 Crore Claim Based on Consent Terms in CIRP
Income Tax
Income Tax
Income Tax
₹200 Crore Upper Turnover Filter for TP Comparables Upheld: Karnataka HC
Income Tax
Income Tax
LIBOR Plus 200 BPS for Foreign Currency Delayed Receivables Upheld: Karnataka HC
Income Tax
Income Tax
ITAT Pune Grants Section 69 Relief as Spouse’s Bank Records Prove Source
Income Tax
Income Tax
Rational Upper Turnover Filter for TP Comparables Valid Despite No Statutory Ceiling: Karnataka HC
Goods and Services Tax
Corporate Law
Section 17 SARFAESI Act: DRT Powers, Limits, Limitation & Remedies
CCPA Imposes ₹10 Lakh Penalty for Misleading Jammer Listings Without Licensing Disclosures
Co-Accused’s Section 67 Statement Alone Cannot Deny NDPS Bail: Gauhati HC
Supreme Court Cancels NDPS Bail Granted to Themboi Singson by Gauhati HC
Custom Duty
Smuggled Gold Imported Against Restrictions Is Prohibited Goods: Gujarat HC
CAAR Disallows Roasted Areca Nut Ruling as HC Already Decided Issue
Roasted Areca Nut Advance Ruling Applications Rejected as Classification Already Decided: CAAR Delhi
CAAR Rejects Roasted Areca Nut Applications as Classification Already Decided by High Court
Company Law
CA, CS, CMA
RoDTEP Scheme Extended till December 31, 2026 for DTA, AA, SEZ & EOU Exports
DGFT Extends ₹1,774/Kg MIP on Sulfadiazine API Imports Till 30 November 2026
DGFT Extends USD 111/Kg Minimum Import Price on Specified Chemical Imports Till 30 November 2026
DGFT Extends Minimum Import Price on Virgin Multi-layer Paper Board till 31 March 2027
Judiciary & Case Law
All Judgments →
Karnataka High Court
Income Tax Appeal No. 26 of 2021
Karnataka HC Upholds ITAT Remand in GMR Energy Search Assessment Case
Karnataka HC upheld remand to CIT(A) to verify incriminating material in Section 153A assessment and left the substantive legal question unanswered.
October 7, 2026
Karnataka High Court
Income Tax Appeal No. 106 of 2026
CCD Conversion Into Preference Shares Without Fresh Receipt Not Taxable u/s 68: Karnataka HC
Karnataka HC held CCD conversion into preference shares without fresh funds could not trigger Section 68 addition in conversion year.
October 7, 2026
ITAT Delhi
ITA No. 6115/Del/2025
Section 143(3) Assessments Set Aside for Non-Compliance with Sections 148 & 148B: ITAT Delhi
ITAT Delhi set aside Section 143(3) assessments for AY 2022-23 as Sections 148 and 148B procedures and prior approval were not complied with.
October 7, 2026
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CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
