Article outlines mandatory IMS actions, deemed acceptance, GSTR-2B reconciliation, and GST 2.0 invoice review for ITC management in 2026.
Representation urges notification, rules, forms and e-filing facility for FAST-DS under the Finance Act, 2026, along with clarifications on Section 133.
Article summarises the Supreme Court’s Gameskraft ruling on GST, actionable claims, valuation, supplier, taxable event and retrospective 2023 amendments.
Article explains possible tax treatment of crypto perpetual futures, comparing Sections 43(5), 73 and 115BBH, turnover, valuation and INR conversion.
DGFT Notification No. 24/2026-27 amends ITC (HS) 2022 Schedule-I to align with the Finance Act, 2026, with immediate effect.
Article analyses the IBC (Amendment) Act, 2026, covering creditor-driven reforms, CIIRP, liquidation, avoidance actions and cross-border insolvency.
ITAT Delhi deleted the section 69A addition of ₹33.50 lakh after holding the intercepted cash formed part of the disclosed property sale consideration.
Bombay HC declined to entertain Revenue’s depreciation challenge and remanded the matter to ITAT only to decide the deferred maintenance charges issue.
Bombay HC dismissed Revenue’s appeal, holding the Section 263 issue in unabated search assessments was covered by Abhisar Buildwell.
ITAT Special Bench held that omission of scrutiny category in a Section 143(2) notice is a procedural defect curable under Section 292B.
