The Court ruled that Section 106 of the BNSS permits seizure of property but not debit freezing of bank accounts. Attachment of proceeds of crime must follow the procedure under Section 107.
The Calcutta High Court set aside the freezing of a bank account after finding that cyber authorities had directed the freeze without obtaining a Magistrate’s order under the BNSS procedure.
The Court directed authorities not to take coercive steps based on GST show cause notices regarding leasehold rights assignment. The matter was adjourned while the issue remains under consideration.
The Bombay High Court held that assignment of leasehold rights in land and building amounts to transfer of benefits arising from immovable property. Consequently, such transactions are not taxable as supply of services under the GST Act.
The Gujarat High Court directed refund of IGST paid under Entry No.10 of Notification 10/2017 after it was declared ultra vires the IGST Act. The refund was ordered with statutory interest within four weeks.
The Bombay High Court quashed reassessment proceedings for AY 2018-19 after finding that the notice under Section 148 was issued in the name of an entity that had already merged and ceased to exist.
The RBI’s draft amendment proposes stronger customer protection in electronic banking transactions by placing the burden of proving liability on banks. It introduces detailed definitions of authorised and unauthorised transactions, along with mandatory fraud reporting mechanisms and alerts.
The Bombay High Court held that the reassessment notice under Section 148 was issued after the surviving limitation period expired. As a result, the entire reassessment proceedings and assessment order were quashed.
DGFT granted an automatic extension of the Export Obligation period for Advance and EPCG Authorisations expiring between March and May 2026 due to geopolitical disruptions affecting global trade and logistics.
EPFO streamlined the process for transferring pension contributions and nominee payments. The instructions aim to avoid procedural errors and ensure uniform implementation across field offices.
