CBIC clarified that proceedings validly initiated before a taxpayer’s jurisdiction changes remain legally valid. The new jurisdictional officer must continue and conclude all subsequent proceedings after migration.
This article explains the key situations where filing an Income Tax Return is compulsory, even if income is below the basic exemption limit. It also highlights important thresholds relating to foreign assets, bank deposits, business income, and tax refunds.
The Supreme Court set aside High Court judgments quashing reassessment notices after noting that the Finance Act, 2026 introduced clarificatory amendments affecting the competence of Assessing Officers. The matters were remanded for fresh consideration, leaving all legal issues open.
NSO has launched the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) to collect comprehensive economic and operational data from over 1.21 lakh enterprises. The survey is designed to strengthen evidence-based policymaking, economic analysis, and National Accounts compilation.
The Advocates Tax Bar Association has requested extension of the GSTAT appeal filing deadline to 31 December 2026, citing persistent portal-related technical difficulties. The representation argues that taxpayers should not lose their statutory right of appeal due to system issues.
KSCAA has urged the Government to extend the GSTAT appeal filing deadline by three months, citing technical glitches, procedural ambiguities, and compliance challenges. The representation also seeks detailed guidance to ensure uniform and error-free appeal filings.
The Authority ruled that selectively withholding course information and presenting disclaimers in illegible font misled prospective students. It ordered discontinuation of the advertisements and imposed an ₹8 lakh penalty.
The CCPA held that claims such as 100% Tender Coconut Water, 100% Juice, and several health benefit claims were misleading and inadequately substantiated. It directed their immediate discontinuation and imposed a ₹1 lakh penalty.
This weekly roundup covers key notifications, circulars, and judicial rulings issued by GST, Customs, RBI, SEBI, MCA, IBBI, and other regulators. It highlights the most significant compliance and regulatory developments affecting businesses and professionals.
The GSTAT Bar Association has urged CBIC to extend the GST Tribunal appeal deadline due to persistent technical glitches on the GSTAT portal. The key request is to protect taxpayers’ statutory right of appeal by providing additional time.
