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- Hank Yarn Packing Notification 2026
- Assisted Reproductive Technology (Regulation) Amendment Rules, 2026
- GST CASE LAW 18.06.2026
- A business cannot absorb a GST rate cut into its profit margins by increasing base prices; any tax reduction must be commensurately passed on to consumers.
- Service tax demands based blindly on Form 26AS data without independent verification or justified invocation of the extended period are legally unsustainable.
- Viscous Fan Drive Assemblies qualify as fluid couplings under Heading 8483 rather than general automotive parts, reducing the applicable GST rate from 28% to 18%.
- PPA for rooftop solar constitutes a pure supply of exempt electricity, absolving the asset owner from construction tax or local GST registration.
- INCOME TAX CASE LAW 18.6.2026
- AO cannot impose a 200% misreporting penalty under Section 270A without specifying the exact statutory clause breached, especially when the taxpayer acted on a bona fide reliance on Form 16.
- Principal Commissioner cannot invoke revisionary powers under Section 263 when the Assessing Officer has already conducted proper inquiries and verified the expenses during assessment.
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