The Court noted that the taxpayer could not upload large volumes of documents due to technical limits. It held that authorities should adopt a practical and humane approach, including on-site verification. Failure to do so vitiates proceedings.
April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax proceedings.
Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is essential for compliance.
The tribunal ruled that reliance only on an investigation report without independent evidence cannot justify treating LTCG as bogus. Additions under Section 68 and commission were deleted.
SC allowed classification of Odomos under HSN 38089191 to stand, holding that market identity and consumer understanding supported its treatment as a mosquito repellent.
The issue examines whether delayed adjustment of advances automatically triggers deposit classification. The key takeaway is that genuine advances do not become deposits solely due to delay.
The Court examined whether employees could be penalised under Section 122(1A) for company-level GST violations. It held that only “taxable persons” fall within the scope of the provision, excluding employees without independent registration.
The issue involved providing paid stock tips and trading advice without SEBI registration. SEBI held such activities illegal and ordered refunds with penalties. The key takeaway is that unregistered advisory services attract strict regulatory action.
Canara Bank has invited online applications from Proprietary Concerns, Firms and LLPs for empanelment as concurrent auditors for 704 branches by May 9, 2026.
The issue was whether addition based on assumed production yield is valid. The Court held that without supporting evidence, such additions are unsustainable and cannot justify rejection of books.
