GST Rates And Classifications Determined For Job Work And Various Handicraft Items By AAR GST Rates And Classifications Determined For Job Work And Various Handicraft Items By AAR Issue What is the applicable GST rate on job work services for processing raw brass (HSN 7403) into brass statues (HSN 8306)? What is the correct HSN… Read More »
Govt. withdraws Road and Infrastructure Cess on diesel expor… Govt. withdraws Road and Infrastructure Cess on diesel expor… NOTIFICATION New Delhi 14thAugust, 2026 No. 45/2026-Central Excise G.S.R. 735(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 112of Finance Act, 2018 (13 of 2018),… Read More »
Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2… Govt. reduces SAED on Aviation Turbine Fuel (ATF) from Rs. 2… NOTIFICATION NewDelhi, 14thAugust, 2026 No. 44/2026-Central Excise G.S.R. 734(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read with Section 147 of Finance Act,… Read More »
Govt. withdraws export Special Additional Excise Duty (SAED)… Govt. withdraws export Special Additional Excise Duty (SAED)… Notification No. 43/2026-Central Excise (Dated 14-08-2026) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NewDelhi, 14thAugust, 2026 No. 43/2026-Central Excise G.S.R. 733(E).—In exercise of the powers conferred by Section 5A of the Central Excise Act, 1944 (1 of 1944) read… Read More »
INCOME TAX CASE LAWS 18.08.2026 Relevant Act Section / Rule Case Law Title / Update Brief Summary Citation Finance Act, 2026 Notification No. 114/2026 Foreign Assets of Small Taxpayers Disclosure Scheme Rules, 2026 Govt. notified the voluntary disclosure scheme rules and FAQs enabling eligible taxpayers to declare undisclosed foreign assets/income (open from 16-Aug-2026 to 31-Dec-2026).… Read More »
Tribunal Cannot Decide Appeal Ex-Parte On Merits Without Verifying Proper Service Of Hearing Notice Tribunal Cannot Decide Appeal Ex-Parte On Merits Without Verifying Proper Service Of Hearing Notice Issue Whether the Income Tax Appellate Tribunal (ITAT) can proceed ex-parte and decide an appeal on merits without confirming that a notice of hearing was duly issued… Read More »
Penalty Under Section 271(1)(c) Inapplicable Where Prepaid Tax Exceeds Assessed Tax In Reassessment Proceedings Penalty Under Section 271(1)(c) Inapplicable Where Prepaid Tax Exceeds Assessed Tax In Reassessment Proceedings Issue Whether a penalty for concealment of income under Section 271(1)(c) read with Explanation 3 and Explanation 4(c) can be levied when the tax deducted at source… Read More »
Penalty Under Section 270A Unreasonable Where Income Subject To TDS Disclosed Under Section 148 Return Issue Whether penalty for under-reporting or misreporting under Section 270A is sustainable when a salaried taxpayer, acting under a bona fide belief, discloses her entire income (subject to TDS except a small bank interest amount) in response to a Section… Read More »
Four-Year Delay In Recording Satisfaction Note Invaluates Search Proceedings Under Section 153C Four-Year Delay In Recording Satisfaction Note Invaluates Search Proceedings Under Section 153C Issue Whether initiation of search assessment proceedings under Section 153C against a third party is legally sustainable when there is an unexplained delay of over four years between the search execution… Read More »
Retrospective Insertion Of Section 147A Validates Jurisdiction Of JAO To Initiate And Conduct Reassessment Proceedings Retrospective Insertion Of Section 147A Validates Jurisdiction Of JAO To Initiate And Conduct Reassessment Proceedings Issue Whether, in view of the retrospective insertion of Section 147A by the Finance Act, 2026 with effect from April 1, 2021, the Jurisdictional Assessing… Read More »