ICAI Postpones Start-date of Phase IV of Peer Review Mandate scheduled for 1 January, 2026
The Institute of Chartered Accountants of India (ICAI), through its Peer Review Board has announced the deferment of Phase IV of the Peer Review...
![Satisfaction Note Lacked Reference of Income Escapement in the Form of Assets Worth ₹50 Lacs: ITAT quashes Reassessment Beyond 6 Yrs [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116453-satisfaction-note-lacked-reference-income-escapement-form-assets-worth-50-lacs-itat-quashes-reassessment-beyond-6-yrs-taxscan.webp "Satisfaction Note Lacked Reference of Income Escapement in the Form of Assets Worth ₹50 Lacs: ITAT quashes Reassessment Beyond 6 Yrs [Read Order]")
![S. 153C cannot be invoked against Searched Person: ITAT Rules Assessment required u/s 153A, dismisses Revenue Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116460-invoked-searched-person-itat-rules-assessment-required-dismisses-revenue-appeal-taxscan.webp "S. 153C cannot be invoked against Searched Person: ITAT Rules Assessment required u/s 153A, dismisses Revenue Appeal [Read Order]")
![Rule 3(a) Interpretation: CESTAT Rejects Revenue’s Attempt to Reclassify Specific Goods Under Residuary Headings [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116491-interpretation-cestat-rejects-revenue-attempt-reclassify-specific-goods-under-residuary-headings-taxscan.webp "Rule 3(a) Interpretation: CESTAT Rejects Revenue’s Attempt to Reclassify Specific Goods Under Residuary Headings [Read Order]")
No CENVAT Reversal Required on Sale of Empty Packaging Material: CESTAT Holds Rule 6 Inapplicable to Non-Manufactured Goods [Read Order]
The Ahmedabad Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) held that Rule 6(3) of the CENVAT Credit Rules applies only when both exempted and dutiable goods were...
![No CENVAT Reversal Required on Sale of Empty Packaging Material: CESTAT Holds Rule 6 Inapplicable to Non-Manufactured Goods [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116497-cestat-holds-rule-6-inapplicable-to-non-manufactured-goods-taxscan.jfif "No CENVAT Reversal Required on Sale of Empty Packaging Material: CESTAT Holds Rule 6 Inapplicable to Non-Manufactured Goods [Read Order]")
GST Rate Restructuring for Tobacco Products: Centre Notifies New Classification w.e.f. from Feb 1, 2026 [Read Notification]
The Central Government has notified a GST ( Goods and Services Tax ) rates and classifications applicable to tobacco and allied products, to take effect from 1 February 2026. The Ministry of...
![GST Rate Restructuring for Tobacco Products: Centre Notifies New Classification w.e.f. from Feb 1, 2026 [Read Notification]](https://images.taxscan.in/h-upload/2026/01/01/2116483-gst-rate-restructuring-tobacco-products-centre-notifies-classification-taxscan.webp "GST Rate Restructuring for Tobacco Products: Centre Notifies New Classification w.e.f. from Feb 1, 2026 [Read Notification]")
Technical Glitches Cannot Deny Legitimate Credit: Delhi HC Directs GST Dept. to Reflect Rs. 99.18 Lakh Transitional ITC on ECL [Read Order]
The Delhi High Court has held that transitional Input Tax Credit (ITC) available to a registered entity cannot be denied merely due to technical or portal-related glitches during the shift from the...
![Technical Glitches Cannot Deny Legitimate Credit: Delhi HC Directs GST Dept. to Reflect Rs. 99.18 Lakh Transitional ITC on ECL [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116484-technical-glitches-gst-portal-taxscan-1.webp "Technical Glitches Cannot Deny Legitimate Credit: Delhi HC Directs GST Dept. to Reflect Rs. 99.18 Lakh Transitional ITC on ECL [Read Order]")
CBIC Notifies Sea Cargo Manifest and Transshipment (Fifth Amendment) Regulations, Extends compliance Date to 31 March 2026 [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) notified the Sea Cargo Manifest and Transshipment (Fifth Amendment) Regulations, 2025 vide Notification No. 79/2025 Customs (N.T.), dated...
![CBIC Notifies Sea Cargo Manifest and Transshipment (Fifth Amendment) Regulations, Extends compliance Date to 31 March 2026 [Read Notification]](https://images.taxscan.in/h-upload/2026/01/01/2116455-cbic-notifies-sea-cargo-manifest-transshipment-fifth-amendment-regulations-extends-compliance-date-31-march-2026-taxscan.webp "CBIC Notifies Sea Cargo Manifest and Transshipment (Fifth Amendment) Regulations, Extends compliance Date to 31 March 2026 [Read Notification]")
Centre notifies Companies (Appointment and Qualification of Directors) Amendment Rules 2025, Removes Annual DIR-3 KYC [Read Notification]
The central government, by the notification number G.S.R. 943(E), on 31 December 2025, has notified Companies (Appointment and Qualification of Directors) Amendment Rules 2025 to further amend the...
![Centre notifies Companies (Appointment and Qualification of Directors) Amendment Rules 2025, Removes Annual DIR-3 KYC [Read Notification]](https://images.taxscan.in/h-upload/2026/01/01/2116464-amendment-rules-2025-removes-annual-dir-3-kyc-taxscan.webp "Centre notifies Companies (Appointment and Qualification of Directors) Amendment Rules 2025, Removes Annual DIR-3 KYC [Read Notification]")
GST ITC Utilisation Up to 90% is Not a Bar to Refund: Delhi HC Directs Dept to Pay Refund of Rs. 25,16,760 with Interest [Read Order]
The Delhi High Court has directed the GST Department to credit the sanctioned refund amount along with statutory interest in a matter concerning delayed release of unutilised Input Tax Credit (ITC)....
![GST ITC Utilisation Up to 90% is Not a Bar to Refund: Delhi HC Directs Dept to Pay Refund of Rs. 25,16,760 with Interest [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116446-gst-itc-utilisation-up-to-90-is-not-a-bar-to-refund-delhi-hc-directs-dept-to-pay-refund-of-rs-2516760-with-interest-taxscan.webp "GST ITC Utilisation Up to 90% is Not a Bar to Refund: Delhi HC Directs Dept to Pay Refund of Rs. 25,16,760 with Interest [Read Order]")
![Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/2116451-full-settlement-nclt-approves-resolution-plan.webp "Full Settlement: NCLT Approves Resolution Plan with 100% Voting Share from Creditors [Read Order]")