Writ Remedy vs. Statutory Appeal in Goods Detention (FASTag Data Access) Facts of the Case The Detention: Goods and the conveyance were detained in transit under Section 129 of the CGST Act. The Department raised a demand for tax and penalty, alleging irregularities in the movement of goods. The Assessee’s Defense: The assessee contended they… Read More »
Invalidation of Multiple and Unreasoned Adjudication Orders (Section 73) Facts The Allegation: The Petitioner received a Show Cause Notice (SCN) on 21-2-2023 alleging excess availment of Input Tax Credit (ITC) under Section 73 (cases not involving fraud/willful misstatement). The Confusing Timeline: 29-5-2023: First Adjudication Order passed (unreasoned and without a hearing). 5-6-2023: A second, identical… Read More »
Quashing of Mechanical Registration Cancellation Due to Vague SCN Facts The Notice: The Petitioner, a GST-registered taxpayer, received a Show Cause Notice (SCN) proposing the cancellation of their registration. The Allegation: The SCN cited the boilerplate language of Section 29(2)(e): that the registration was obtained by “fraud, wilful misstatement or suppression of facts.” The Response:… Read More »
Biodegradable bags are classified under Chapter 39 (Plastics) but qualify for a concessional 5% GST rate if certified as biodegradable. Facts The Applicant: A manufacturer and supplier of plastic bags and straws, specifically “biodegradable and compostable” bags conforming to IS/ISO 17088 standards. The Product: Carry bags made from compostable polymer materials (such as PBAT, starch… Read More »
Income-tax Exemption Notification for Haryana Shehri Vikas Pradhikaran (HUDA) for Assessment Year 2024-25 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th March, 2026 S.O. 1576(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of… Read More »
Income-tax Exemption Notification for Varanasi Development Authority Under Section 10(46A) for Assessment Year 2025-26 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th March, 2026 S.O. 1578(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43… Read More »
Income-tax Exemption Notification for Patiala Urban Planning and Development Authority (Assessment Year 2024-25) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th March, 2026 S.O. 1577(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961 (43 of… Read More »
CBDT Notification Exempting Specified Income of Visakhapatnam Special Economic Zone Authority Under Section 10(46) MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th March, 2026 S.O. 1579(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the… Read More »
RBI, IRDAI and SEBI Intensify Measures to Help Citizens Reclaim Unclaimed Deposits Simplified claim processes, digital portals and regulatory reforms enhance access, transparency and faster claim settlement Unclaimed financial assets amounting to ₹5,777 crore returned across 22.95 lakh claims under “आपकी पँजूी, आपका अधिकार – Your Money, Your Right” nationwide campaign Posted On: 24 MAR… Read More »
RBI Strengthens Framework on Unauthorised Electronic Banking Transactions Revised RBI Instructions introduce compensation mechanism, expand AI-driven fraud analytics and reinforce safeguards against mule accounts and cyber fraud, along with financial literacy drives Posted On: 24 MAR 2026 4:07PM by PIB Delhi The Reserve Bank of India (RBI) had issued the extant instructions on limiting liability… Read More »