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Archive: January, 2026

Posts in January, 2026

Custom Advance Ruling Declined as Classification Issue Already Settled by Court

January 4, 2026 1017 Views 0 comment Print

The Authority refused to rule on roasted areca nut classification, holding that the issue had already been conclusively decided by a High Court. A statutory bar prevented reconsideration despite tariff renumbering.

Spinal Implant Classified as Artificial Body Part, Not Orthopaedic Appliance: CAAR

January 4, 2026 429 Views 0 comment Print

The advance ruling held that a vertebral body replacement implant functions as a substitute for an absent vertebra and therefore falls under other artificial parts of the body.

Vague & Omnibus Allegations of Harassment Are Insufficient To Sustain A Criminal Conviction: HP HC

January 4, 2026 780 Views 0 comment Print

The issue was whether prosecution proved cruelty and abetment beyond doubt. The Court ruled that unspecified demands and inconsistent testimony cannot sustain guilt.

ICSI sets benchmark for Ethical Stewardship amidst rising IPOs

January 4, 2026 6744 Views 0 comment Print

The release addresses growing IPO-led exits and the need for stronger stewardship standards. It highlights a framework aimed at protecting retail investors and promoting long-term governance.

ITAT Mumbai Deleted Alleged Cash On-Money Addition for Lack of Corroborative Evidence

January 4, 2026 1197 Views 0 comment Print

The Tribunal ruled that additions for alleged cash payments cannot survive when based solely on third-party statements and unverified electronic data. Absence of corroboration and denial of cross-examination violated principles of natural justice.

Mechanical Approval for TDS Prosecution Set Aside for Non-Application of Mind

January 4, 2026 564 Views 0 comment Print

The High Court held that criminal prosecution for delayed TDS payment cannot survive where sanction is granted mechanically without examining explanations and mitigating circumstances.

आरईआईटी निवेश का नया आयाम

January 4, 2026 360 Views 0 comment Print

यह लेख बताता है कि प्रॉपर्टी निवेश के जोखिमों के चलते आरईआईटी कैसे कम पूंजी और कम जोखिम के साथ रियल एस्टेट में निवेश का समाधान प्रदान करता है।

Interplay between GST Act and Prevention of Money Laundering Act, 2002

January 4, 2026 1143 Views 0 comment Print

The article explains that GST violations alone do not trigger PMLA unless they are connected to a scheduled predicate offence such as fraud or conspiracy under IPC.

Silver’s Strategic Pivot and Global Price Rally

January 4, 2026 1983 Views 0 comment Print

Silver prices have hit record highs as demand from solar, EVs, and AI outpaces stagnant mining supply. The key takeaway is silver’s shift from a precious metal to a strategic industrial asset.

Reasons First, Notice Later: Illegal Reassessment Quashed

January 3, 2026 567 Views 0 comment Print

The issue was whether a reassessment could survive when reasons were recorded after issuing notice. The Tribunal held the reopening invalid as the Assessing Officer lacked prior satisfaction, rendering the entire proceedings void.

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