Interim Release of Perishable Goods and Vehicle: Balancing Revenue and Business Continuity This ruling (delivered in March 2026) by the Orissa High Court addresses a common crisis in logistics: the detention of goods due to technical failures in generating an E-way bill. The Court provided a middle path, ensuring the government’s tax interest is secured… Read More »
High Court Quashes GST Detentions: Limits on Undervaluation and Transit State Jurisdiction In a comprehensive ruling (March 2026), the Andhra Pradesh High Court addressed multiple writ petitions involving the detention and confiscation of goods under Section 129 and Section 130. The judgment establishes critical safeguards against the overreach of mobile squad officers at check posts.… Read More »
Appellate Authority Must Pass Reasoned Orders: Calcutta High Court Remands “Mechanical” GST Appeal This ruling (delivered in early 2026) reinforces the principle that the first appellate stage is not a mere formality. The Calcutta High Court clarified that an Appellate Authority cannot simply “paraphrase” the lower officer’s order; it must independently evaluate the evidence already… Read More »
Anticipatory Bail For GST Practitioner: Distinguishing Professional Assistance From Fraudulent Intent This ruling (delivered in February 2026) provides significant protection for tax practitioners and intermediaries who assist in GST compliance. The Patna High Court clarified that providing professional services, such as filing returns based on information provided by a client, does not inherently satisfy the… Read More »
Quashing of Prohibition and Seizure Orders Post-Remand: A Victory for Taxpayer Rights This ruling (delivered in early 2026) addresses the legality of continuing restrictive search and seizure orders (INS-03 and INS-02) when the underlying assessment order has been quashed and no notice for confiscation exists. The Tamil Nadu/Madras High Court clarified that these orders cannot… Read More »
Admitted Liability and Insufficient Credit Balance: High Court Upholds Interest and Penalty This ruling (delivered in late 2025/early 2026) reinforces the principle that once a taxpayer admits to a tax liability and settles the demand, they cannot later challenge the mandatory consequential interest and penalties—especially when their Electronic Credit Ledger was insufficient to cover the… Read More »
CORRIGENDUM OF NOTIFICATION NO 20 OF 2026 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 16th March, 2026 INCOME-TAX G.S.R. 189(E).— In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), published in the Gazette of India, Extraordinary, Part… Read More »
Government and RBI Strengthen Measures Against Fraudulent Loan Apps Regulatory framework, Digital Lending Apps (DLA) directory and cybercrime reporting mechanisms strengthen consumer protection in digital lending Posted On: 17 MAR 2026 4:44PM by PIB Delhi Reserve Bank of India (RBI) had constituted a Working Group on Digital Lending including lending through Online Platforms and Mobile… Read More »
ICAI’s 2026 GST Ruling Compilation: Judicial Trends and Landmark Protections for Taxpayers The Institute of Chartered Accountants of India (ICAI) has launched the second edition of its curated compilation of landmark GST judgments and advance rulings. This updated edition (February 2026) serves as a critical resource for professionals to understand the evolving judicial interpretation of… Read More »
ICAI 2026 Bank Audit Guidance: Strengthening Financial Oversight and Audit Quality in Modern Banking The Institute of Chartered Accountants of India (ICAI) has released the 2026 Edition of the Guidance Note on Audit of Banks. This comprehensive update is designed to equip auditors with the necessary tools to handle the evolving complexities of the banking… Read More »