![AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117809-reopen-income-tax-assessment-solely-search-material-taxscan.webp "AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]")
AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]
The Gujarat High Court has ruled that a jurisdictional AO cannot invoke reassessment through Sections 147 or 148 of the Income Tax Act, 1961 ...
![Banks cannot Reduce Contractual Fixed deposit (FD) Rates in Mid-term: Allahabad HC says Depositors Cannot suffer due to Bank’s Oversight [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117801-depositors-cannot-suffer-due-banks-error-cannot-reduce-contracted-fd-rate-mid-term-allahabad-hc-taxscan.webp "Banks cannot Reduce Contractual Fixed deposit (FD) Rates in Mid-term: Allahabad HC says Depositors Cannot suffer due to Bank’s Oversight [Read Order]")
![HP HC Grants Bail to Govt Official in ₹200 Cr Scholarship Scam Case Citing Prolonged Incarceration and Delay in PMLA Trial [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117825-hp-hc-grants-bail-govt-official-taxscan.jfif "HP HC Grants Bail to Govt Official in ₹200 Cr Scholarship Scam Case Citing Prolonged Incarceration and Delay in PMLA Trial [Read Order]")
![Boost for MSMEs: DGFT Introduces Collateral Support to Ease Access to Export Credit [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117560-boost-for-msme-taxscan.jfif "Boost for MSMEs: DGFT Introduces Collateral Support to Ease Access to Export Credit [Read Notification]")
![KSCAA raises Issues in S.12AB & 80G Registrations, Seeks urgent CBDT Intervention [Read Representation Copy]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117781-kscaa-raises-issues-80g-registrations-seeks-urgent-cbdt-intervention-taxscan.webp "KSCAA raises Issues in S.12AB & 80G Registrations, Seeks urgent CBDT Intervention [Read Representation Copy]")
Arrest Valid if “Grounds” and "Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]
The Calcutta High Court recently upheld the validity of an arrest made under Section 19 of the Prevention of Money Laundering Act, 2002 (PMLA), observing that such an arrest could not be rendered...
![Arrest Valid if “Grounds” and Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117779-arrest-valid-grounds-reasons-believe-taxscan.webp "Arrest Valid if “Grounds” and Reasons to Believe” are Communicated to Arrested Person u/s 19 PMLA: Calcutta HC [Read Order]")
UAE Introduces Tiered Volumetric Excise Tax on Sweetened Drinks from Jan 1, 2026: Certification and Registration Details Inside
The United Arab Emirates ( UAE ) has introduced the tired volumetric excise tax on sweetened drinks from January 1st 2026. The decision was introduced through Cabinet Decision No. 197 of...
Business Setback and Accountant’s Lapse in Filing Returns is Bona Fide Cause: Madras HC Directs GSTN to Enable Filing of Returns [Read Order]
The Madras high court, in its recent decision said that business set back and accountant’s failure to file GST ( Goods and Services Tax ) returns is genuine cause. Therefore it directed the GST...
![Business Setback and Accountant’s Lapse in Filing Returns is Bona Fide Cause: Madras HC Directs GSTN to Enable Filing of Returns [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/500x300_2117739-business-setback-accountants-lapse-filing-returns-bona-fide-cause-madras-hc-directs-gstn-enable-filing-of-return-taxscan.webp "Business Setback and Accountant’s Lapse in Filing Returns is Bona Fide Cause: Madras HC Directs GSTN to Enable Filing of Returns [Read Order]")
![Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLVI ]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117545-annual-tax-and-corporate-law-digest-2025-high-court-cases-part-xlvi-taxscan.webp "Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLVI ]")
![Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLV ]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117385-high-court-part-xlv-taxscan.webp "Annual Tax and Corporate Law Digest 2025: High Court Cases [Part XLV ]")
Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]
The High Court ofJammu & Kashmir and Ladakh recently ruled that lender banks can auction off land mortgaged as security for a loan under the provisions of the Securitisation and Reconstruction...
![Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117508-land-kept-security-can-auctioned-loan-default-after-giving-30-days-time-clear-dues-ur-91-sarfaesi-jk-hc-taxscan.webp "Land kept as Security can be Auctioned for Loan Default after giving 30 Days Time to clear Dues u/r 9(1) SARFAESI: J&K HC [Read Order]")
![DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]](https://images.taxscan.in/h-upload/2026/01/07/500x300_2117506-dgft-removes-import-restrictions-low-ash-metallurgical-coke-import.webp "DGFT Removes Import Restrictions on Low Ash Metallurgical Coke Import [Read Notification]")