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Archive: January, 2026

Posts in January, 2026

Wheat Flour Export Authorisation: Eligibility & Application Process (HS 1101)

January 20, 2026 933 Views 0 comment Print

The notification sets out eligibility, documentation, and quota procedures for wheat flour exports. The key takeaway is that exports are now permitted only through a tightly regulated authorisation process.

DPDP Act 2023- An Overview

January 20, 2026 819 Views 0 comment Print

This piece explains how the new law reshapes digital privacy by defining consent, user rights, and strict penalties. The key takeaway is that individuals gain enforceable control over their digital personal data.

Impact of GIFT IFSC on Cross-Border Capital Mobility

January 20, 2026 513 Views 0 comment Print

The case examines how a ring-fenced international financial zone enables freer movement of global capital while preserving domestic stability.

Karnataka GST Appellate Tribunal Now Operational in Bengaluru With Two State Benches

January 20, 2026 2556 Views 0 comment Print

Karnataka now has two functional GSTAT State Benches in Bengaluru. The key takeaway is that taxpayers can finally file second appeals against CGST and KGST orders.

Foreign Speaker Payments for Leadership Summit Not Event Management Service: SC

January 20, 2026 408 Views 0 comment Print

The Court held that booking speakers for an event does not amount to event management. Participation or facilitation alone cannot attract service tax under the event management category.

SC Ruling Puts GST Appellate Tribunal Framework at Risk

January 20, 2026 732 Views 0 comment Print

The Court struck down key tribunal reform provisions, holding that reintroducing invalidated clauses is unconstitutional, directly impacting the design and functioning of GSTAT.

GSTAT Orders Lenient Scrutiny of Appeals Filed on New Portal

January 20, 2026 3417 Views 0 comment Print

The tribunal has instructed registries not to flag defects of form that do not affect merits. This eases compliance during early portal usage.

Stronger Custodians, Safer Markets: Decoding SEBI’s 2025 Amendments

January 20, 2026 399 Views 0 comment Print

The 2025 amendments strengthen the custodial framework by raising capital requirements and tightening governance norms. Custodians must now follow clearer accountability and risk management standards to safeguard investor assets.

Section 271(1)(c) Penalty Set Aside for Vague Limb in Notice: ITAT Delhi

January 20, 2026 960 Views 0 comment Print

The penalty was quashed as the Assessing Officer failed to strike off the inapplicable limb in the notice. Clear satisfaction and precise charge are mandatory for sustaining penalty proceedings.

Cheque Tampering Not a Defence: Material Alteration Still Attracts Section 138; J&K&L HC

January 20, 2026 1029 Views 0 comment Print

While alteration of the cheque amount is a material alteration under law, the court ruled that consent and responsibility for alteration are factual questions. The complaint was not quashed at the pre-trial stage.

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