Business
Business
IDBI Bank–Fairfax ₹52,878 Crore Deal: Cross-Border Acquisition, RBI Rules and Tax Implications
Analyse the IDBI Bank–Fairfax deal, RBI ownership and voting restrictions, acquisition financing, India–Canada tax treaty and transfer pricing.
Income Tax
Income Tax
Income Tax
Goods and Services Tax
DVO Valuation Reports Furnished After Six Months Cannot Justify Section 263 Revision: ITAT Raipur
DVO Valuation Report Submitted Beyond Six Months Cannot Support Section 263 Revision: ITAT Bangalore
ITAT Pune Allows ₹4.35 Crore Section 80P Deduction on Cooperative Bank Interest Income
DRC-07 Discrepancy With Detailed Order Is an Apparent Error: Allahabad HC
Income Tax
Goods and Services Tax
Cash Cannot Be Seized Under GST Merely as Unaccounted Wealth: Rajasthan HC
Repeated GST Cancellation SCN on Same Grounds Invalid: Gujarat HC
Returns Filed Before Section 16(5) Cut-Off Preserve ITC Entitlement: Karnataka HC
ITC Cannot Be Denied Under Section 16(4) When Returns Satisfy Section 16(5): Kerala HC
Corporate Law
Commercial Suit Filed Before Ordinary Civil Court Requires Plaint Return, Not Rejection: Kerala HC
NCLT Ahmedabad Rejects Mediation Plea in Lendingkart Oppression Case
NeSL Record Not Mandatory for Personal Guarantor Insolvency: NCLT Allahabad
Pre-CIRP VAT Assessments Qualify as Secured Claims Under GVAT Act: NCLAT Delhi
Custom Duty
Supreme Court Declines Interference in Customs Reassessment Speaking Order Dispute
No Speaking Order Required When Importer Accepts Customs Reassessment: Allahabad HC
Multifunctional Car Infotainment Systems Classifiable Under CTH 8527: CESTAT Bangalore
Madras HC Orders Release of Car Seized in Gold Smuggling Case on ₹1 Lakh Security
Company Law
Section 242 Permits Consequential Capital Reduction for Settled Shareholder Exit: NCLT Chennai
Uncrystallised GST Demand Cannot Claim Secured Creditor Priority Under IBC: NCLAT Chennai
SFIO Investigation Cannot Be Stayed Merely Because Statutory Time Limit Expired: Supreme Court
Delhi HC Stays SFIO Investigation Against Sahara Companies Over Companies Act Concerns
CA, CS, CMA
DGFT Simplifies Silver Bullion Import Authorisation Procedure from 15 October 2026
DGFT Revises Export Policy for Prepared Culture Media Under ITC HS 38210000
DGFT Extends Minimum Import Price on Glufosinate Imports Till 12th April 2027
DGFT Clarifies Silver Import Rules Under ITC(HS) 71069221: Authorisation Sufficient
Judiciary & Case Law
All Judgments →
Kerala High Court
WA No. 1845 of 2026
Kerala HC Upholds Differential GST Reimbursement Claim on Pre-GST Government Works Contract
Kerala HC directs recalculation of GST reimbursement on a pre-GST works contract, accounting for applicable VAT and GST differences.
October 18, 2026
CESTAT Bangalore
Central Excise Appeal No. 20586 of 2022
CESTAT Bangalore Sets Aside Excise Penalties After Duty, Cess and Interest Fully Paid
CESTAT Bangalore upholds appropriation of excise duty, cess and interest already paid, but sets aside penalties in Aditya Auto Products case.
October 18, 2026
Allahabad High Court
Service Tax Appeal No. 70159 of 2022
Public Road Repair and Renewal Exempt from Service Tax: CESTAT Allahabad
CESTAT Allahabad holds that PWD public road repair and renewal services are exempt under Notification No. 25/2012-ST and sets aside tax demand.
October 18, 2026
Featured Experts & Authors
Contributing Author
CA Manish Gugliya (FCA, DISA, M.Com.) is a practicing Chartered Accountant with over 20 years of…
