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HC : Gujarat High Court Upholds Exclusion of Search-Based Assessments from DTVsV Scheme, Despite Clarificatory Circulars

HC : Delhi High Court Rules Accommodation Entry Providers Not Taxable on Unexplained Credits; Tax Liability Rests with Beneficiaries—Section 68 Invoked Only on Real Recipients

HC : Delhi High Court Quashes TDS Demand Order as Barred by Limitation under Section 201(3) Despite Prior Writ in Assessee’s Case Involving EDC Payments to HUDA

HC : Delhi High Court Upholds Validity of Reassessment Notice under Section 148A in Absence of Proof of Goods Movement for Purchases Worth Rs. 52.68 Lakhs

HC : Madras High Court Refers Jurisdictional Issue in Faceless Reassessment Proceedings Under Sections 147, 148, and 148A to Larger Bench—Critiques Mark Studio Ruling

HC : Calcutta High Court Quashes Assessment Order for Lack of Adequate Opportunity, Directs AO to Reconsider with Full Submissions from Assessees Enjoying Section 10(23C) Benefits

HC : Delhi High Court Rules No Royalty on Cross Charges for Software Use Under Article 12(3) of India-US DTAA, Orders ‘NIL’ Withholding Certificate

HC : Madras High Court Quashes Revenue’s Dismissal of Condonation Application for AY 2011-12 Due to Denial of Personal Hearing under Section 119(2)(b)

HC : Madras High Court Affirms Exclusive Jurisdiction of JAO for Issuance of Section 148 Notices for AY 2020-21; Clarifies Concurrent Powers with FAO in Assessment Proceedings

HC : Gauhati High Court Upholds Validity of Assessment Despite Defective Notice, Reverses ITAT’s Nullification Based on Jurisdictional Error

HC : Chhattisgarh High Court Quashes Penalty for Cash Loan Repayment, Cites Reasonable Cause Under Section 273B Following Tata Finance’s Cash Demand

HC : Kerala High Court Orders Lifting of Attachment on Mortgaged Properties after Statutory Limitation; Directs Registry to Register Sale Certificate under Rule 68B(4) of Income Tax Act

ITAT : Mumbai ITAT Overturns CIT(A) Order for Lack of Independent Evaluation; Directs Fresh Adjudication with Proper Rule 46A Compliance

ITAT : ITAT Mumbai Quashes Section 69A Addition on Cash Deposits by NRI Daughter for Wedding, Accepts Evidence of Mother’s Lifetime Savings

ITAT : Panaji ITAT Upholds Rejection of Books Under Section 145(3) Due to Non-Production of Records; Income Estimated at 8% Net Margin Instead of AO’s 10%

ITAT : Hyderabad ITAT Rules Penalty under Section 271D Not Attracted for Cash Sale of Agricultural Land, Recognizes Bonafide Belief as ‘Reasonable Cause’

HC : Madras High Court: Unexplained Trade Credits Not Eligible for Section 80-IA Deduction; Must Be Treated as Deemed Income Under Section 68

HC : Calcutta High Court Affirms Deletion of Share Premium Addition under Section 68, Holding Assessee Established Investor Identity, Creditworthiness, and Transaction Genuineness

ITAT : ITAT Mumbai Upholds Taxability of Misused Crowdfunding Donations Under Section 56(2)(x) as Assessee Fails to Maintain Separate Accounts and Diverts Funds for Personal Benefit

ITAT : Mumbai ITAT Directs Deletion of Section 143(1)(a) Adjustment; Typographical Error in Audit Report Held Non-Malafide, AO’s Failure to Provide Assessee Opportunity Violates Proviso

HC : Chhattisgarh High Court Directs CIT(A) to Exercise Plenary Powers Despite Assessee's Absence; Mandates Inquiry and Detailed Reasoning Under Section 250 of Income Tax Act

ITAT : ITAT Mumbai Quashes Section 69C Bogus Purchase Addition: Relies on Documentary Evidence, Discards Ad Hoc Commission Income Without Proof

ITAT : Ahmedabad ITAT Upholds Assessment Where Assessee Used Former Entity Name in Submissions; Dismisses Non-Existence Plea

ITAT : Mumbai ITAT Upholds Deductibility of Interest on Loan Used for VCF Investment by Aishwarya Rai Bachchan, Citing Consistency and Established Nexus

HC : Gujarat High Court Quashes Revenue's Order—Allows Condonation of 53-Day Delay in Filing Form 10-IC, Cites Genuine Hardship and Liberal Interpretation Under Section 119(2)(b)

ITAT : ITAT Bangalore Sets Aside CIT(A) Dismissal; Delay in Appeal Filing by Housewife Due to Bona Fide Ignorance Condoned, Case Remanded for Fresh Adjudication of Capital Gains

HC : Bombay High Court Invalidates Reassessment Under Section 148 Based on Audit Objection: “Change of Opinion” Not Sufficient for Reopening Previously Scrutinized Claims

ITAT : ITAT Bangalore Quashes Section 69A Addition on Demonetisation-Era Cash Deposits, Upholds Presumptive Income Declaration Under Section 44AD

ITAT : Rectification under Section 154 Not Permissible to Deny Section 11 Exemption Due to Disputed Form 10B Filing Dates; Technical Glitches and CBDT Extensions Considered

ITAT : Mumbai ITAT Affirms PCIT’s Section 263 Revision: AO’s Omission to Examine Notional ALV of Unsold Flats in Reassessment Held Fatal

HC : Bombay High Court Rules Against Consolidated GST Show Cause Notices Across Multiple Years; Mandates Year-wise Notices for Alleged Fraudulent ITC Availment

AAR : Tamil Nadu AAAR Confirms ITC Block on Lease Assignment for Construction of Non-Qualifying Manufacturing Facility

AAR : Gujarat AAAR Affirms Technical Textile Classification for HDPE Geomembranes, Rejects Revenue’s Reliance on Raj Packwell and Similar Rulings

GSTATDEL : GSTAT Delhi Affirms No Profiteering in Sobha Limited’s International City Project: Full Transaction in Post-GST Era Excludes Section 171 Liability

HC : Karnataka High Court Rules B2B E-Commerce Operators Not Liable for TCS Deduction under Section 52 When Not Collecting Consideration

AAR : Gujarat AAR Decides ITC Availability on RCC Foundations and Structural Supports Integral to Plant & Machinery for API Manufacturing

AAR : Gujarat AAR Affirms ITC Eligibility for Foundation and Structural Supports of Process Equipment Under Section 17(5)(c) CGST Act

AAR : Gujarat AAR Clarifies GST Exemption for NSDC-Affiliated Digital Marketing Training Partners, Addresses Exemption Gap Period and Tax Regularisation

CESTAT : CESTAT Allahabad Confirms Non-Taxability of Construction Services Rendered to Educational and Charitable Institutions; Residential Housing for Weaker Sections Held Outside Service Tax Net

CESTAT : Delhi CESTAT Classifies Transformation of Bare Structures into Commercial Showrooms as ‘Original Works’; Quashes Service Tax Demand Beyond Normal Period, Allows Partial CENVAT Credit Reversal

CESTAT : CESTAT Chandigarh Quashes Service Tax Demand on Contractor: Services to BBMB, a Government Entity, Held Non-Taxable; Unlawful Change of Service Classification Criticized

CESTAT : CESTAT Ahmedabad Holds Idle Capacity Compensation as ‘Declared Service’, Exempts Indian Subsidiary from Service Tax Citing Export of Services

CESTAT : CESTAT Chennai Rules No Service Tax on Rajinikanth's Leased Hotel Property: Comprehensive Use of Facilities Held Integral to Hotel Business

CESTAT : CESTAT Chennai Upholds Broad Scope of Input Services for BPO/ITES EOUs, Orders Recalculation of CENVAT Credit Refunds Limited to STPI Turnover

HC : Karnataka High Court Nullifies Mechanical Service Tax Demand Based Solely on CBDT Data; Orders Centralized, Reasoned Re-Adjudication Post-SCN Stage

SC : Supreme Court Upholds Duty Exemption for Naphtha Used by RCF Ltd., Rejects Revenue’s Demand Beyond Limitation in Absence of Fraud

HC : Bombay High Court Nullifies Rs. 1.26 Crore Service Tax Demand on Sheesha Sky Lounge for Failure to Conduct Mandatory Pre-Show Cause Notice Consultation

HC : Karnataka High Court Eases ITC Conditions: Bonafide Purchasers Not Liable for Supplier’s GST Default, Reads Down Section 16(2)(c) and Rule 36(4)

CESTAT : CESTAT Chandigarh Affirms CENVAT Credit Eligibility for Telecom Tower Inputs, Capital Goods, and Services: Indus Towers Ltd Appeals Succeed Following Bharti Airtel Supreme Court Ruling

CESTAT : CESTAT Kolkata Exonerates Air India from Service Tax on Promotional Tour Packages; Restricts Airport Service Tax to Statutory Providers Only Prior to July 2010

HC : Delhi High Court Upholds Clubbing of Multi-Year GST Demands in CCTV Works Contract Rate Dispute—Dismisses Writ, Directs Assessee to Appellate Remedy

HC : Bombay High Court Restores GST Registration Cancelled for Bona Fide Delay in Filing Returns, Asserts Substantive Rights Over Procedural Lapses

HC : Bombay High Court Halts GST Recovery, Orders Re-credit of Over Rs. 1.1 Crores to Refex Industries Due to Premature Ledger Debit in Violation of Statutory Timeline

HC : Bombay High Court Restricts ITC Blocking under Rule 86A to Available Credit in ECL; Partial Quashing of Revenue’s Order on Procedural Grounds

HC : Madras High Court Sets Aside GST Demand: Clarifies “Unbranded” Wheat Products with Statutory Manufacturer Details Not Liable to Tax as “Branded Goods”

HC : Bombay High Court Annuls Refund Rejection for Breach of Rule 92(3) and Violation of Natural Justice in ITC Export Case

SC : Supreme Court Affirms Non-Excisability of Iron Ore Crushing and Screening: Process Not Treated as 'Manufacture' Under Central Excise Law

HC : Bombay High Court Sets Aside Negative Blocking of ITC, Orders Restoration of Rs. 1.42 Crores for Breach of Rule 86A CGST Rules

HC : Bombay High Court Affirms Statutory One-Year Limitation on ITC Blocking under Rule 86A(3) CGST Rules; Quashes Continued Attachment of NZS Traders Pvt. Ltd.’s Electronic Credit Ledger

HC : Andhra Pradesh High Court Restricts Transit State GST Officers from Detaining or Confiscating Goods under IGST Act in Interstate Movement

Tribunal Clarifies No FEMA Contravention for Overseas Commission Paid by Buyer: Customs Settlement Order No Bar to Independent FEMA Proceedings - In conclusion, the Tribunal allowed the appeals and set aside the penalties imposed, holding that the evidence was insufficient to establish that the exporter was entitled to or was obliged to repatriate the commission paid abroad. The Tribunal’s decision emphasizes that only amounts actually due or accrued to the exporter fall within the ambit of mandatory declaration and repatriation under FEMA and related Export Regulations.

Income tax – Sections 197 - Delhi High Court Directs Nil Withholding Tax Certificate for Matching Solutions under India-US DTAA; Support Services Left Open - The Delhi High Court’s decision affirms that the entitlement to a nil withholding tax certificate for payments under cross-border service agreements depends substantially on the precise nature of the services and the terms of the agreement. For the Matching Solution services, where there is no transfer of technical know-how or skill, withholding is not warranted under Article 12(4) of the India-US DTAA. However, for support services, taxpayers must be prepared for a more detailed factual and legal analysis to determine taxability.

Income tax – Sections 9(1)(vii), 43B, 245Q - Delhi High Court: AO Must Defer Assessment on Issues Pending Before BFAR, But May Proceed on Unrelated Matters for Resident Assessees - The Delhi High Court’s decision establishes that the AO is obliged to defer assessment proceedings only on those specific issues actively pending before the BFAR/AAR, pursuant to an application under Section 245Q. The AO may continue the assessment for all unrelated issues. The priority of Section 245RR over Clauses (viii) and (ix) of Explanation 1 to Section 153 is affirmed, ensuring that only the relevant disputed matters are kept in abeyance. Upon the conclusion of the BFAR’s adjudication, the AO can give effect to the ruling under Section 150, including reopening completed assessments if warranted.

Income Tax - Sections 144C, 153 - Final Assessment Order Quashed by ITAT Delhi for Breach of Statutory Limitation Despite Section 144C Non-Obstante Clause - Based on the above legal analysis, the ITAT Delhi concluded that the limitation period prescribed under Section 153 of the Income Tax Act remains applicable even where the assessment is made following the draft order mechanism under Section 144C. The non obstante clause in Section 144C(13) does not confer unlimited extension of time to the AO for passing the final assessment order. Consequently, any final assessment order passed beyond the statutory deadline is void and liable to be quashed. The Tribunal allowed the assessee’s appeal on this ground, with the caveat that other grounds may be adjudicated depending on the Supreme Court’s final ruling on the issue.

Income Tax - Sections 143(3), 144C(13), 144B - ITAT Hyderabad Quashes Assessment Orders Passed Beyond Statutory Limitation Despite DRP Proceedings: Section 153 Prevails Over Section 144C Timeframe - The Hyderabad ITAT has reaffirmed that the limitation period prescribed under Section 153 for completion of assessment is absolute and cannot be extended by the procedural provisions of Section 144C. The non-obstante clause in Section 144C(13) only restricts the AO to a shorter period, if applicable, but does not override the outer limit under Section 153. Assessment orders passed after the expiry of the Section 153 deadline are invalid and liable to be quashed, irrespective of the DRP process. Taxpayers and tax administrators must ensure strict compliance with the outer time limit under Section 153, even in cases involving DRP proceedings.

Income tax – Sections 144C(13) - ITAT Delhi Quashes Final Assessment Orders Passed Beyond Limitation: Combined Reading of Sections 144C and 153 Essential - The ITAT Delhi has held that the limitation period for passing a final assessment order under Section 144C(13) must be computed by a combined reading of Sections 144C and 153. The provisions are not mutually exclusive; rather, they operate together to safeguard the timeliness of the assessment process. Any final order passed beyond the limitation period, determined by applying both sections, lacks legal validity and is liable to be set aside as being without jurisdiction.

Income tax - Sections 153 - ITAT Delhi Quashes Assessment Order Passed Beyond Statutory Limitation under Section 153 Despite Section 144C Proceedings - The ITAT Delhi has unequivocally held that a final assessment order issued after the expiry of the statutory time limit prescribed under Section 153 is barred by limitation, even when such order follows DRP directions under Section 144C. The Tribunal has clarified that the non-obstante clause in Section 144C(13) does not override the application of Section 153’s limitation period. Accordingly, such belated orders are liable to be quashed as being without jurisdiction.

ITAT Delhi Rules Centralized Facility Reimbursements by Indian Subsidiary to Hong Kong Parent Taxable as FTS; No Agency PE Established - The ITAT Delhi’s decision establishes that the mere existence of a wholly-owned Indian subsidiary does not automatically create a Dependent Agent PE for the foreign parent, especially where the relationship is principal-to-principal and business risks are independently borne. However, when the foreign parent arranges centralized facilities and charges the Indian subsidiary for these managerial services, such payments are taxable as Fees for Technical Services under Article 13 of the India-Hong Kong DTAA, regardless of whether technical knowledge is transferred.

Income Tax - Sections 143 (3), 144C(13), 144B - ITAT Bangalore Rules: No Separate AMP Adjustment Under TNMM; Overdue AE Receivables Held as Capital Financing Requiring Separate Benchmarking - Based on the ITAT’s decision, it is clear that when the TNMM is applied to the assessee’s distribution segment and the results are found at arm’s length, no separate transfer pricing adjustment for AMP expenditure should be made. However, overdue receivables from AEs, constituting a separate international transaction of capital financing under Explanation 1(c) to Section 92B, must be benchmarked independently, with a reasonable credit period and appropriate interest markup. Disallowances for seminar and convention expenses must be revisited, with the AO directed to verify the genuineness and regulatory compliance of each expense in light of Apex Laboratories.

Delhi High Court Affirms Penalty on NRNR Account Holders for FEMA Violation, Quashes Confiscation for Want of Reasoned Order - On careful consideration of the statutory scheme, judicial precedents, and the facts at hand, the Delhi High Court upheld the penalty imposed on the NRNR account holders for violation of the deposit regulations under FEMA. The Court affirmed that both the account holder and the authorised dealer share compliance responsibility under the regulatory framework. It specifically rejected the defense that the omission of the relevant regulation ousted the jurisdiction to proceed against prior contraventions. However, the Court set aside the confiscation orders for want of a reasoned, speaking order, as required in quasi-judicial proceedings. The appeals were thus partly allowed: penalty sustained, confiscation quashed.

Appellate Tribunal Upholds Directors’ Liability for Non-Realisation of Export Proceeds and Non-Shipment Against Advances: FEMA Contraventions Affirmed - The Appellate Tribunal conclusively upheld the findings of contravention for both non-realisation of export proceeds and non-shipment against advances received, fixing liability on all directors responsible for the management of the company, except one. Only Smt. Kalavatiben V. Surani was exonerated, her appeal being allowed based on clear lack of involvement in the company’s business, while the appeals of the remaining directors were dismissed. This decision underscores the necessity for exporters and their responsible officers to strictly adhere to FEMA’s timelines for realisation and repatriation of export proceeds, and to maintain comprehensive records of recovery efforts and regulatory compliance.

Income Tax - Sections 143(3), 144C(13) - Delhi ITAT Rejects Virtual Service PE Concept Absent Physical Employee Presence Under India-UK DTAA for Cross-Border Service Receipts - The Delhi ITAT decisively ruled that, in the absence of explicit language in the India-UK DTAA, the concept of a Virtual Service Permanent Establishment cannot be imported or inferred. The DTAA’s requirement of physical employee presence for more than 90 days in India is mandatory to trigger a Service PE. As such, cross-border service providers from the UK rendering services remotely—without any employee presence in India—cannot be subjected to Indian taxation under the Service PE provisions.

Income Tax - Section 80IC - ITAT Delhi Upholds Deduction u/s 80IC on Statutory Interest Income and Allows Shahenshah Scheme Provision; Corporate Guarantee Adjustment Restricted - The ITAT Delhi’s decision reiterates that provisions made on a scientific basis, even under schemes like the Shahenshah Scheme, are allowable as deductions, and that interest income on deposits maintained due to statutory or business requirements qualifies for deduction under section 80IC. Further, the calculation of corporate guarantee adjustment should align with established precedents, restricting the rate to 0.5%.

Income Tax - Section 163(1)(c) - ITAT Hyderabad Rules Developer Not Agent of NRI Partner for Capital Gains on Own Share of Developed Property - The ITAT Hyderabad concluded that the statutory conditions under Section 163(1)(c) for treating a person as an agent of a non-resident were not satisfied in this case. There was no direct or indirect income received by the NRI partner through the assessee, nor was there any business connection between the assessee and the NRI partner individually. Therefore, the addition made by the AO by treating the assessee as agent of the NRI for capital gains purposes was unsustainable and was accordingly deleted.

Income tax - Sections 144C, 153 - ITAT Hyderabad Sets Aside Assessment Order Passed Beyond Section 153 Limitation Despite Section 144C(13) Compliance - The ITAT Hyderabad’s decision underscores that while section 144C(13) prescribes a one-month timeline for the Assessing Officer to pass a final order post-DRP directions, this does not extend or override the overarching limitation period prescribed in section 153 of the Income Tax Act. Any assessment order passed after the expiry of the section 153 deadline is invalid and liable to be quashed, irrespective of compliance with the one-month requirement of section 144C(13). Tax authorities must ensure strict adherence to both provisions, with section 153 serving as the absolute outer limit.

Income Tax - Section 14A - No Interest Disallowance Where Sufficient Own Funds Exist; Government Subsidy Taxable Post-2016; Captive Power Transfer Pricing Must Reflect Market Purchase Rate - The ITAT Chennai has unequivocally held that where an assessee maintains sufficient interest-free funds to cover interest-free advances, a presumption arises in favour of the assessee, and no interest disallowance under Section 36(1)(iii) can be sustained. Furthermore, following the Finance Act, 2015, all government subsidies (except those reducing asset cost per Explanation 10 to Section 43(1)) are taxable as income, rendering the “purpose test” inapplicable for subsidies received post-01.04.2016. For captive power plant profits, the deduction under Section 80IA must be computed using the consumer tariff as the transfer price, not the SEB purchase rate.

Supreme Court: Writ Against FEMA Show Cause Notice Permissible Where Competent Authority Declines Seizure Confirmation—High Court, Adjudicating Authority Orders Set Aside - In light of the above, the Supreme Court set aside the orders of the High Court (both Single Judge and Division Bench) and the final adjudication order. The proceedings were restored to the stage of the show cause notice, with explicit directions that the Department’s appeal against the Competent Authority’s order be determined first. Only after such adjudication may further proceedings be undertaken, and these must be free from the influence of prior judicial or quasi-judicial remarks. This actionable conclusion ensures that statutory appellate mechanisms are respected and that adjudication is not prematurely or prejudicially concluded.

Income tax – Sections 90, 271(1)(c) - Penalty Under Section 271(1)(c) Not Attracted for Plausible Legal Error Where Income Fully Disclosed: Madras High Court Rules in Nationalised Bank DTAA Claim Case - In light of the facts and legal provisions, the Madras High Court has made it clear that where an assessee’s claim is based on a plausible, albeit erroneous, understanding of the law—particularly in circumstances where the law was ambiguous at the relevant time—and where all particulars of income have been fully and accurately disclosed, the penal provisions of Section 271(1)(c) cannot be invoked. The requirement for concealment or furnishing of inaccurate particulars is mandatory and must be independently established by the Assessing Officer. Mere disallowance of a claim or an interpretational error does not justify penalty under this Section.

Income Tax - Sections 144C, 147 - Direct Appeal to ITAT Not Maintainable Without DRP Objections: Mumbai Tribunal Reiterates Proper Appellate Route Under Section 144C - The Tribunal’s decision makes it clear that when an assessee does not file objections before the DRP after receiving a draft assessment order under section 144C(1), the only appellate remedy available is an appeal before the CIT(A). Directly filing an appeal before the ITAT is not maintainable, as it is outside the Tribunal’s jurisdiction in such circumstances. Taxpayers must strictly adhere to the procedural requirements under section 144C to preserve their appellate rights before the Tribunal.

Income tax - Sections 144C - ITAT Delhi Quashes Final Assessment Orders Passed Beyond Statutory Limitation: Harmonious Reading of Sections 144C and 153 Mandated - On a harmonious and conjoint interpretation of Sections 144C and 153 of the Income Tax Act, the ITAT Delhi has held that the final assessment order post-DRP directions must be passed within the limitation period computed by reading both sections together. The non-obstante clause in Section 144C(13) does not exclude the applicability of Section 153, but rather imposes a stricter timeline for completion of assessment following DRP directions. Any final assessment order passed beyond such statutorily prescribed period is a nullity in law and cannot be sustained.

SAT Mumbai Reduces Enhanced SEBI Penalties for Alleged Price Manipulation in Ponni Sugars (Erode) Ltd. Scrip Due to Lack of New Evidence - The SAT’s decision underscores that while the appellants’ trading conduct was found to be in violation of Regulations 3 and 4 of the PFUTP Regulations, any enhancement of penalty post-remand must be underpinned by new facts, evidence, or reasoning. In the absence of such, the AO’s action was held to be legally untenable. The penalties were thus reduced to Rs. 5 lakh (Pat) and Rs. 7.5 lakh (Gandiv), providing a clear actionable precedent that penalty enhancement on remand requires a substantive basis distinct from the original findings.

NCLAT Quashes Tribunal-Ordered Probe into Company Affairs for Lack of Recorded Reasons and Overlooking Locus Standi Requirement - Based on the above findings, the NCLAT allowed the appeal and quashed the order directing investigation under Section 213(b) of the Companies Act, 2013. The matter has been remanded to the NCLT for a fresh determination, with explicit instructions to first adjudicate the applicant's locus standi before considering the application on its merits. This decision reinforces the necessity for Tribunals to strictly adhere to statutory requirements of reasoned satisfaction and proper adjudication of preliminary objections.

Section 185 of the Companies Act, 2013 - Supreme Court Cancels Bail and Orders Forfeiture of ₹50 Crores for Director’s Misuse of Company Funds in Violation of Companies Act and IBC Provisions - The Supreme Court’s order decisively establishes that directors cannot utilize company funds or funds from related entities to satisfy personal obligations, such as bail conditions, without adhering to statutory procedures under Section 185 of the Companies Act, 2013. Transactions in violation of these provisions remain open to challenge under Sections 49 and 66 of the IBC even after the expiry of the look-back period, especially where the misuse of company assets is clear and ongoing in the context of insolvency proceedings. Further, non-compliance with bail conditions—especially those aimed at protecting stakeholder interests—will result in the cancellation of bail and forfeiture of the entire security deposit.

Sections 178, 454 of the Companies Act, 2013 - High Court Upholds Penalty for Non-Compliance in Board Committee Constitution: Subsequent Rectification Does Not Excuse Prior Breach under Companies Act - The Rajasthan High Court’s judgment clarifies that subsequent compliance with statutory requirements cannot absolve an entity from liability for prior violations, especially where the breach is admitted and pertains to the composition of mandatory board committees under the Companies Act, 2013. The imposition of penalty by the Registrar and its affirmation by the Regional Director were found to be legally sustainable, as the statutory violation was neither cured for the relevant period nor was the penalty shown to be disproportionate or based on irrelevant considerations. Companies must, therefore, ensure ongoing compliance with governance mandates, as post-facto rectification will not shield them from consequences of earlier lapses.

Telangana High Court Mandates Proportionate Reserve for Secured Creditors and Due Process before Recovery of Excess Interim Dividend in Liquidation - The Telangana High Court’s decision mandates strict compliance with due process before recovering excess interim disbursements from secured creditors in liquidation. The OL must issue notice and provide a hearing before seeking refund and interest from any creditor. Furthermore, reserves for belated secured creditors must be proportionate, consistent with the amounts paid to timely claimants, and not for the entire claim amount unless condonation for delay is obtained. This ensures parity and fairness in distribution among all similarly-situated creditors.

NCLAT Chennai Directs Reconsideration of Struck-Off Company’s Restoration: Improper Assessment of Business Operations and Material Documents under Section 252(3) of Companies Act, 2013 - On a detailed review, the Appellate Tribunal invalidated the order refusing restoration of the company’s name, holding that the lower authority had misapprehended the factual and legal context and failed to properly appreciate the documentary evidence. The Tribunal’s direction to re-examine all pertinent materials and re-adjudicate the application reflects the correct application of Section 252(3), emphasizing the need for a reasoned approach to restoration of companies struck off under the Companies Act, 2013.

Partial Relief Granted by SAT: SEBI Penalties on Board Composition and Annual Report Non-Compliance Set Aside Where No Time Limit Existed or COVID Extensions Applied - The SAT’s order provides actionable clarity: listed companies cannot be penalized for board composition non-compliance for periods before the introduction of a specific compliance timeline by SEBI in 2023. Further, where statutory or regulatory extensions (such as those issued during the COVID-19 pandemic) cover the period of delay, fines for such non-compliance cannot be sustained. However, admitted delays where neither extension nor relaxation applies (such as secretarial compliance reports and delayed related party transaction disclosures) will continue to attract penalties.

Sections 430, 241, 242, of the Companies Act, 2013 - Calcutta High Court Upholds Maintainability of Suit for Partition and Declaration Against Family Companies; Rejects Application for Summary Rejection Under Order VII Rule 11 - The Calcutta High Court concluded that the plaint disclosed a substantial cause of action for partition and declaration of rights over ancestral properties, in addition to company-related claims. The issues of limitation and jurisdiction raised by the defendants involved factual disputes requiring trial and could not be adjudicated summarily at the stage of Order VII Rule 11. Consequently, the application for rejection of the plaint was dismissed, and the plaintiff was allowed to proceed with his suit.

NCLAT Affirms Beneficial Ownership and Upholds Non-Compete Obligation on Auctioned Shares in Hydropower JV: Flovel’s Membership Linked to Compliance with Shareholder Agreements - The Tribunal confirmed Flovel’s locus standi to maintain proceedings under Sections 241–242 and Section 59, rejected technical objections to the EOGM notice, and clarified that registration of Flovel’s shareholding must be inseparably linked to the obligations attached to those shares, specifically the non-compete clause in the JVSPA. Flovel must be admitted as a shareholder, but only upon executing the non-compete undertaking; until then, the non-compete obligation is statutorily binding by virtue of the Appellate Tribunal’s order.

Supreme Court Upholds Delhi High Court Ruling, Condoning Delay and Declining Interference in Tax Litigation - The Supreme Court’s decision reinforces that condonation of delay is a discretionary relief and does not guarantee success on the merits of the case. While courts may be liberal in condoning delays upon satisfactory explanation, such condonation does not prejudice the substantive scrutiny of the case. Once the apex court finds no substantial question of law or manifest injustice, it declines to interfere with the lower court’s order.

NCLAT Chennai Quashes Cost Imposition on Litigant for Counsel’s Lapse; Upholds Principle Against Penalizing Parties for Advocate’s Negligence - In light of the findings, the NCLAT allowed the appeal in part, specifically to the extent of setting aside the imposition of costs against the appellant. The Tribunal directed that the main company petition be taken up for hearing and disposed of expeditiously. All pending interlocutory applications were ordered to be closed. The actionable takeaway is that parties must monitor their counsel’s conduct but, in the event of counsel’s lapse, may seek protection from adverse cost orders if there is no evidence of personal dereliction.

NCLAT Chennai Clarifies: Section 420 of Companies Act Does Not Permit Review or Recall of Orders on Merits by Parties - The NCLAT, Chennai, has categorically stated that Section 420 of the Companies Act, 2013, enables the Tribunal to correct only those mistakes which are patent and apparent from the record, and not to recall or review orders on their merits. Applications by parties seeking reconsideration of the merits of an order under the garb of rectification are not maintainable. The appeal was therefore dismissed, reinforcing the limited scope of Section 420.

Sections 241, 242 of the Companies Act, 2013 - NCLT Mumbai Orders Buyback of Minority Shares After Uncovering Siphoning of Funds and Lack of Transparency by Controlling Directors - The NCLT Mumbai, after a detailed examination of statutory provisions, audit findings, and the conduct of the respondents, concluded that there was clear oppression and mismanagement within the respondent company. In light of the siphoning of funds, lack of proper disclosure, and absence of Board approvals as mandated by law, the Tribunal exercised its equitable jurisdiction to protect the interests of the minority shareholders. The actionable remedy provided was the compulsory purchase of the petitioners’ shares at the original issue price—a measure that restores the petitioners to their pre-investment position and serves as a deterrent against future breaches of fiduciary duty by company controllers.

Minority Shareholders’ Direct Stake Recognized: Bombay High Court Mandates Their Inclusion in SEBI Settlement Revocation Writs - The Bombay High Court has unequivocally held that minority shareholders, who are directly affected by the outcome of writ petitions challenging SEBI’s revocation of a Settlement Order, must be impleaded as necessary and proper parties. This ensures that their independent rights and interests are adequately protected and adjudicated, rather than being subsumed under the broader regulatory oversight of SEBI. The actionable takeaway is that any stakeholder with a direct and substantial legal interest in SEBI settlement or enforcement proceedings should proactively seek impleadment in relevant judicial proceedings to safeguard their rights.

NCLAT Quashes Tribunal’s Overreaching Observations Made After Withdrawal of Application, Restricts Relief to Pleadings - The NCLAT’s decision makes it clear that, after an application is withdrawn, the Tribunal’s jurisdiction comes to an end with respect to that matter, and no further observations or liberties should be recorded that go beyond the scope of the withdrawal. Any such observations or directions are liable to be quashed as being without jurisdiction and constituting judicial overreach. Parties remain free, however, to pursue any remedies otherwise available to them under law, unaffected by the withdrawn proceedings.

NCLAT Affirms NCLT’s Jurisdiction Over Disputed Company Deposits Pending Probate: Protective Proceedings by Claimant-Beneficiaries Allowed - The NCLAT allowed the appeal and remitted the matter to the NCLT with explicit directions to adjudicate both the interlocutory application and the main company petition on their own merits—specifically regarding the status and protection of the alleged deposit. The pendency of probate proceedings is not a bar to the NCLT’s jurisdiction in these matters. Moreover, claimant-beneficiaries are entitled to pursue proceedings before the NCLT for protective measures over estate assets, pending the final outcome of the probate dispute.

NCLAT Bars Reopening of Approved Scheme: No Fraud Proven, Supreme Court Affirmation Triggers Merger Doctrine - The NCLAT categorically dismissed the appeal seeking to set aside the scheme of arrangement, holding that the alleged incorrect recording did not constitute fraud. The prior affirmation of the scheme by the Supreme Court resulted in the merger of the Tribunal’s order into that of the Supreme Court, thereby foreclosing any further review or reopening of the scheme’s merits by the Tribunal. The decision is actionable in that parties cannot re-agitate matters already affirmed by the Supreme Court except on a clear and substantiated case of fraud, which must meet a high evidentiary threshold.

Calcutta High Court Asserts Company Court's Post-Winding Up Jurisdiction Despite Delay and Alleged Fraud by Special Officer – Refuses Interim Stay - In sum, the Calcutta High Court held that, prima facie, the Company Court retains the jurisdiction to scrutinize post-winding up arrangements and allegations of fraud, even after management control has shifted from the Official Liquidator. The Court refused to grant an ad-interim stay, holding that limitation is a mixed question of law and fact in the context of continuing fraud, and that no circumstances warranted a change from earlier interim orders.

Appellate Tribunal Reinstates Composite Scheme: Separate Demerger Application Unwarranted, Commercial Wisdom Upheld - The Appellate Tribunal's decision reinstates the composite character of the scheme, affirming that a demerger, as part of a composite arrangement with amalgamation, does not require independent sanction through a separate application under Sections 230 to 232 of the Companies Act, 2013. The decision reaffirms judicial deference to the commercial wisdom of stakeholders, provided the scheme meets statutory requirements. Companies are advised to ensure their schemes are drafted with precise identification of all entities and undertakings involved, and to maintain compliance with all statutory dues and procedural requirements, as Tribunal approval does not override such obligations.

NCLAT Upholds Strict Timelines for Fast Track Mergers: Dismisses Time-Barred Objections and Appeal in Scheme of Amalgamation - Based on the Appellate Tribunal's decision, it is clear that statutory limitation periods prescribed under the Companies Act, 2013 for filing objections to fast track mergers and for filing appeals are strict and cannot be relaxed beyond what is expressly permitted by law. Objections or appeals filed beyond these prescribed periods will not be entertained, and there is no scope for discretionary condonation beyond the statutory maximum. Parties must be vigilant in adhering to these timelines to preserve their rights to be heard.

Calcutta High Court Quashes Arbitral Award Against Railways: Supplier Failed to Prove Readiness and Claim Exceeded Tender Terms - Based on a thorough examination of the contract, the evidentiary record, and statutory provisions, the Calcutta High Court concluded that the arbitral award had traversed beyond the terms agreed upon by the parties and contravened explicit contractual bars. Consequently, the award was set aside in its entirety, reaffirming the primacy of contractual terms and the necessity for strict compliance with statutory requirements in arbitration proceedings.

Calcutta High Court Upholds Deputy Registrar’s Authority to Prosecute, But Quashes Criminal Proceedings Against Auditor for Lack of Mens Rea Under Companies Act - Based on the present judgment, it is clear that complaints under Section 439(2) of the Companies Act, 2013, can be validly initiated by a Deputy Registrar, as per the inclusive definition in Section 2(75). The bar of limitation under Section 468 Cr.P.C. will not apply to offences under Section 448 when read with Section 447, given the severity of the prescribed punishment. However, for a prosecution under Section 448 to be sustainable, the complaint must set out clear and specific allegations of deliberate false statements or concealment, with evidence of the requisite mens rea. In the absence of such material, continuation of criminal proceedings will be quashed to prevent abuse of process.

Supreme Court Upholds SEBI’s Approval of WeWork India IPO: Petitioner’s Allegations on Disclosure and Regulatory Compliance Dismissed - The Supreme Court, affirming the High Court’s decision, held that WeWork India’s IPO process complied with all relevant legal and regulatory requirements. SEBI’s approval of the IPO was lawful, as the company had fulfilled the stipulations under the ICDR Regulations and Securities Contracts (Regulation) Rules. The allegations regarding non-disclosure and regulatory non-compliance were found to be baseless. The actionable takeaway for future issuers and intermediaries is the importance of transparent and comprehensive disclosures in offer documents, as well as adherence to prescribed public shareholding thresholds for listing.

SAT Upholds SEBI's Findings on Riddhi Siddhi's MPS Violation and Fraudulent Trades in Delisting Attempt; Concession Granted to Select Appellants - The SAT has reaffirmed the necessity of accurate disclosure of promoter group entities and strict adherence to minimum public shareholding norms as required by Rule 19A of the SCRR and the SEBI (ICDR) Regulations. Riddhi Siddhi’s failure to disclose all promoter group entities led to a material breach of MPS norms, and the orchestrated trades among connected parties constituted manipulative and deceptive practices under the SEBI Act and PFUTP Regulations. The concessions granted to certain noticees do not dilute the core finding of regulatory violations.

Calcutta High Court Rules Unregistered Sale Agreement Insufficient for Conveyance; Liberty Granted to Sue, Pre-emption Limited to Matching Highest Bid in Liquidation - The Calcutta High Court decisively held that an unregistered agreement for sale, unsupported by registration and other corroborative evidence, does not afford the purchaser any legal title or right to demand conveyance from the liquidator. Eyelid’s application to prevent the liquidation sale and compel conveyance was rejected on the merits. Nevertheless, Eyelid retains the procedural liberty to institute a civil suit to establish its rights. Salasar’s right to pre-emption remains contingent upon its ability to match the highest auction bid.

NCLAT Chennai Upholds Legality of Rights Issues and Share Allotments: Dismisses Oppression and Mismanagement Claims Under Sections 241 & 242 Where Articles and Statute Complied With - The NCLAT concluded that the company and its Board acted within the statutory and contractual framework in increasing the authorised capital and allotting rights shares. No act of oppression or mismanagement, as contemplated under Sections 241 and 242, was established. Reliefs based on anticipated or apprehended future acts, without evidentiary support, were rightly denied as premature. The appeal was dismissed, but the right to seek remedies for future concrete acts remains preserved.

SAT Upholds Penalty on AMC for Lapses in Fixed Maturity Plan Management and Disclosure Breaches in Essel Group NCD Investments - The SAT’s decision reinforces that AMCs must rigorously comply with the due diligence, disclosure, and scheme management obligations under the SEBI (Mutual Funds) Regulations, 1996. Any deviation—such as extending security maturity without full disclosure, partial redemptions, or failing to update unit holders about significant adverse developments—will attract regulatory sanctions, including monetary penalties and business restrictions. However, penalty orders must be proportional; unless wrongful gain or loss avoidance is proven, disgorgement will not be sustained.

NCLAT Rules Oral Family Settlement and Partial Bid Insufficient for Management Change; Buy-Out Terms Non-Compliance Invalidates Resignation and Transfer - The NCLAT has unequivocally held that the failure to comply with the buy-out terms—both in terms of payment and documentary formalities—renders the alleged transfer of management and resignation of respondents legally unsustainable. The Tribunal’s order maintains the status quo with respect to the administrator’s appointment but introduces a procedural safeguard by enabling the Administrator to request forensic examination of disputed documents if warranted by future developments. Parties must ensure strict compliance with settlement terms and maintain robust documentary evidence to effectuate valid changes in management.

Calcutta High Court Quashes Section 210 Investigation Order Due to Absence of Disclosed Reasons and Material Evidence Despite Minor Statutory Violations - The Calcutta High Court allowed the writ petition, holding that the impugned notice for initiating an investigation under Section 210 lacked a valid legal foundation. The investigation notice was quashed, and the related application was dismissed. The decision confirms that executive orders must be based on disclosed reasons and relevant material, particularly when fundamental statutory rights and interests are at stake.

Supreme Court Invalidates Post-Facto Shareholder Ratification of Preferential Allotment Fund Diversion, Upholds SEBI Penalties for PFUTP Violations - The Supreme Court set aside the SAT’s order, reinstating the penalties imposed by SEBI on the company and its directors for diverting preferential allotment proceeds to undisclosed purposes. The Court categorically held that subsequent ratification by shareholders and amendments to the MoA cannot retroactively validate acts that were illegal at inception, particularly when such acts have broader implications for capital market integrity and stakeholder protection. The penalties levied were found to be appropriate and not disproportionate, considering the gravity of the violations.

CESTAT Hyderabad Remands Case for Re-examination: Classification of Rough Granite Blocks, Inter-EOU Transfers, and Notification Compliance under Duty-Free Procurement - The Tribunal’s decision underscores the importance of factual and technical verification when determining the classification of granite products and the eligibility for duty exemptions under relevant notifications. The matter has been remanded to the adjudicating authority to:

Examine the precise nature of processing undertaken on granite products before DTA clearance,
Scrutinize the receipt and accountal of goods in inter-EOU transfers, and
Assess compliance with all conditions attached to exemption notifications, including NFE and proper use of procured goods.
Assessees must be prepared to provide documentary and technical evidence to support their claims on classification and exemption eligibility.

Statements Recorded under Section 14 of Central Excise Act Inadmissible without Compliance with Section 9D: CESTAT Quashes Duty Demand and Penalties in Alleged Clandestine Tobacco Case - The CESTAT’s decision establishes that statements made before central excise officers under Section 14 cannot be treated as evidence unless the strict procedure under Section 9D is followed, including the right to cross-examination. Failure by the department to corroborate allegations of clandestine manufacture and removal with documentary or physical evidence will result in the collapse of such cases. The imposition of penalties and confiscation under Rule 26 also requires specific findings, not mere assertions, regarding the liability of goods to confiscation. All demands and penalties in the present case were thus set aside, providing relief to the appellants.

Demand Set Aside as Panchnamas and Statements Discarded for Non-compliance with Mandatory Legal Procedure in Alleged Clandestine Pan Masala Manufacture - Based on the above legal and factual analysis, the Tribunal allowed the appellant’s appeal, setting aside the demand for duty, interest, penalty, and confiscation for the period April 2016 to January 2017. The department's appeal regarding the period April 2015 to March 2016 was also dismissed, as the foundational evidence for both periods was identical and equally infirm. The Tribunal’s decision was actionable: unless the department strictly complies with statutory requirements regarding search witnesses and the admissibility of statements, demands premised on such evidence cannot be sustained.

CESTAT Chandigarh Rules Bought-Out Kitchen Appliances Not Part of Assessable Value for Excise, No Extended Limitation Where Audit Reveals Dispute - Based on the evidence and legal precedents, CESTAT Chandigarh concluded that the value of bought-out items supplied and installed at the customer’s site could not be added to the assessable value of modular kitchen systems unless it was proven that these were essential components of the manufactured goods or that the installed system itself was excisable. The Tribunal also held that there was no justification for invoking the extended period of limitation, as the matter arose from an audit and involved interpretational ambiguity. The appeal was allowed on both merits and limitation, with consequential relief to the assessee.

Concessional Duty Benefit Under Notification No. 50/2017-Cus Upheld: CESTAT Delhi Quashes Demand in Absence of Proven Procedural Breach Under IGCR Rules - On a detailed appraisal of the facts and statutory framework, the CESTAT, New Delhi, unequivocally held that the department had not discharged its burden of proving any actionable breach by the appellant under the IGCR Rules. As the appellant had, in fact, used the imported goods for the intended purpose and there was no substantiation of excess imports or procedural contravention, both the demand for differential duty and the penalty imposed stood set aside. This outcome reinforces the principle that denial of concessional benefits requires clear, cogent evidence of non-compliance with statutory conditions.

CESTAT Upholds Confiscation and Penalty for Admitted Misdeclaration in Import of Goods: Importer’s Reliance on Supplier’s Error Not a Valid Defence - In light of the foregoing, the CESTAT’s decision underscores that an importer’s admitted misdeclaration—when not subsequently retracted—constitutes conclusive evidence, justifying reassessment, confiscation, and penalty. Importers must exercise utmost diligence in ensuring accuracy in import declarations, as errors attributed to suppliers will not absolve them of liability. The decision further affirms that, in the absence of identical goods data, authorities are within their rights to determine value using contemporary import data for similar goods.

Tribunal Affirms Substantive End-Use Compliance Trumps Procedural Lapse in Customs Exemption: Confiscation and Penalty Set Aside for Missed IGCR Formalities - The Tribunal’s decision affirms that, under Notification No. 50/2017-Customs (as amended), an assessee’s entitlement to concessional duty cannot be denied solely for non-compliance with procedural requirements under the IGCR Rules, when the substantive condition of end-use is fully established. All demands, confiscation orders, redemption fines, and penalties based solely on such procedural lapses were set aside. Importers should focus on ensuring substantive compliance with the end-use condition, while procedural lapses, if not deliberate or resulting in revenue loss, should not result in denial of substantive benefits.

CESTAT Chennai Affirms SAD Refund for Coated Art Board Importer: Invoice Format Variations Deemed Procedural, Not Fatal to Substantive Compliance - The CESTAT Chennai decisively held that minor and procedural discrepancies in the format or typographical arrangement of invoices do not amount to a contravention of the substantive requirements under paragraph 2(b) of Notification No. 102/2007-Cus. Provided that the endorsement regarding non-admissibility of credit is present in substance, and there is no evidence of duty incidence being passed on or credit being availed by the buyer, the refund claim must be allowed. Both refund rejections were set aside, and the appellant was granted consequential relief.

CESTAT Hyderabad Restricts CENVAT Demand to Unchallenged Quantum, Denies Interest, Upholds Extended Limitation and Penalty for Non-Disclosure of Misappropriated Nickel Inputs - Based on the CESTAT Hyderabad’s decision, it is imperative that findings in an adjudication order, if unchallenged by the Department, attain finality and cannot be revisited by the adjudicating authority on remand except through a valid appeal. Furthermore, where CENVAT credit is reversed before it is utilized, and sufficient surplus credit exists, interest is not leviable. However, suppression of information regarding inadmissible credit, even if discovered through internal mechanisms, justifies invocation of the extended limitation period and imposition of penalty. Companies are responsible for the acts of their employees and cannot escape liability for non-disclosure or delayed compliance. Assessees should ensure timely disclosure and immediate reversal of credit upon discovery of irregularities to mitigate exposure to extended limitation and penalties.

CESTAT Ahmedabad Affirms Inclusion of Freight and Insurance in Assessable Value Where Sale Completed at Buyer's Premises; Upholds Extended Limitation and Penalty Provisions - Based on the facts and legal principles affirmed by the Tribunal, where invoices indicate door delivery at the buyer’s premises and there is no supporting evidence of ex-factory sales or separate contractual arrangements for transport and insurance, expenses up to the buyer’s premises—including freight and insurance—are to be included in the assessable value for Central Excise purposes. Further, non-disclosure of such charges in statutory returns can attract the extended period of limitation and penalty provisions, with the statutory concession of reduced penalty available upon timely compliance.

Bombay High Court Upholds Strict Adherence to Statutory Limitation for Appeals: No Scope for Condonation Beyond Maximum Prescribed Period - The Bombay High Court has unequivocally held that once the statutory period for filing an appeal and the maximum condonable delay are exhausted, neither the appellate authority nor the High Court can extend the limitation. Litigants must be vigilant and ensure that appeals are filed within the prescribed period—strict adherence is mandatory, and no equitable considerations can override the express statutory bar.

CESTAT Chennai Sets Aside Excise Demand: Transaction Value for Related Party Sales Upheld in Absence of Price Influence and Sequential Rule Application - The Tribunal’s decision underscores that the mere existence of a relationship between the seller and buyer is insufficient to discard the declared transaction value under Section 4 of the Central Excise Act, 1944. Unless it is demonstrated with evidence that such a relationship has influenced the price, and unless the statutory sequence for valuation is meticulously followed—including examination of comparable independent sales under Rules 4 to 7—the Department cannot resort to Rule 9. The entire demand of duty, interest, and penalty, based on an incorrect valuation methodology, was accordingly set aside. For assessees, this decision mandates careful documentation and disclosure of independent sales and ensures that the authorities follow the prescribed legal sequence in valuation matters.

CESTAT Mumbai Mandates Automatic Refund of Withdrawn Provisional Anti-Dumping Duty on Copper Clad Laminates – Unjust Enrichment Not Applicable Without Statutory Basis - In conclusion, the CESTAT Mumbai has reaffirmed the legal position that refunds of provisional anti-dumping duty, withdrawn by notification and not confirmed finally, are to be made automatically by the authorities under Rule 21 of the Anti-Dumping Rules, 1995. The doctrine of unjust enrichment is not applicable in such cases, and the refund cannot be denied merely on the basis of how the amount is reflected in the importer's books of accounts or the format of the accounting certificate produced. The authorities are directed to process the refund claim with applicable interest, setting aside the impugned order.

CESTAT Chennai Rules Multifunctional Mobility Device with Toileting Feature Classifiable as Wheelchair, Exempt under Notification No. 12/2012-Cus - The Tribunal, upholding the appellate order and dismissing the Revenue’s appeal, concluded that the imported product retained the essential character of a wheelchair for disabled persons. Accordingly, it was classifiable under CTH 87139090 and entitled to exemption under Notification No. 12/2012-Cus. The decision affirms that the mere presence of an ancillary toileting feature does not alter the essential classification of a product designed primarily for mobility assistance.

CESTAT Denies Excise Refund to Exporter Due to Unjust Enrichment Where Export Proceeds Exceeded Declared FOB Value - In light of the above findings, the CESTAT Hyderabad has upheld the rejection of the refund claim on account of unjust enrichment, as the appellant failed to discharge the statutory burden of proving that the duty incidence had not been passed on. The Tribunal’s decision is directly supported by the Supreme Court’s judgment in M/s Addison and Company Ltd., and serves as a binding precedent for similar refund claims where export realisation exceeds the declared FOB value without adequate financial justification.

CESTAT Chandigarh Rules Bank Guarantee Condition for Provisional Release of Goods Arbitrary Where Classification Based Solely on Visual Inspection - On a meticulous consideration of the facts and legal precedents, CESTAT Chandigarh concluded that the insistence on a bank guarantee as a condition for provisional release of goods—where the classification was based solely on a visual inspection by a non-food analyst and in disregard of a contradictory FSSAI laboratory report—was arbitrary and unjustified. The Tribunal’s direction to release the goods, subject to all other conditions except the bank guarantee, underscores the principle that provisional release conditions must be reasonable, evidence-based, and in conformity with statutory procedures.

CESTAT Hyderabad Affirms CENVAT Credit Eligibility for Input Services Used in Setting Up Factory—Provision Date Prevails Over Invoice Date - On the basis of the Tribunal’s decision, it is clear that for services used in setting up a factory, if the provision of service occurred prior to 01.04.2011, the eligibility for CENVAT credit must be assessed according to the pre-amended definition of input service. The date of invoice or payment is not relevant for this purpose. Any contrary denial of credit by the Department merely on the basis of delayed invoicing or payment, when the service was actually rendered before the cut-off date, is not sustainable in law.

No Excise Duty on Conversion of Waste PET Bottles into PET Flakes: CESTAT Chennai Finds No ‘Manufacture’ under Section 2(f) of Central Excise Act - The Tribunal has unequivocally held that the conversion of waste PET bottles into PET flakes does not amount to manufacture as envisaged under Section 2(f) of the Central Excise Act, 1944. The absence of a new and distinct product, in terms of name, character, or use, precludes any liability to excise duty. The impugned order demanding duty, interest, and penalties was set aside, and the appeals were allowed in favour of the assessee, leaving the classification issue unaddressed.

Madras High Court Rules Department’s Appropriation of CENVAT Credit During Appeal as ‘Payment Under Protest’; Refund Limitation Not Attracted - Based on the above decision, it is actionable for assessees to treat any payment or appropriation towards disputed demands—made during the pendency of an appeal in which a stay is operative—as payment under protest. This characterization removes the limitation bar typically imposed by Section 11B, enabling such refund claims to be filed and allowed even if made after the expiry of the normal limitation period. Assessees should ensure that the pendency of appeal and the existence of a stay order are clearly documented in refund applications to support their claim under the second proviso to Section 11B.

J&K High Court Rules M.S. Scrap Eligible for Budgetary Support Reimbursement Despite Absence from Specified Goods List - The High Court's ruling establishes that reimbursement under the State Budgetary Support Scheme cannot be withheld for M.S. Scrap produced during the manufacture of TMT/CTD Bars, solely on the basis that the Scrap is not specifically registered as a product. The exclusionary list in Annexure-A is definitive, and unless M.S. Scrap is explicitly excluded, eligibility for reimbursement stands. The authorities must now reconsider the claims and pass a reasoned order in compliance with the Court's interpretation.

CESTAT Hyderabad Bars Re-litigation of Customs Duty Refund After Supreme Court Finality; Upholds Cum-Duty FOB Valuation - The CESTAT Hyderabad unequivocally dismissed the Department’s appeal, holding that the matter had reached its legal conclusion after exhaustion of all appellate remedies and implementation of the final order. The Tribunal further affirmed that the refund of excess export duty was lawfully granted, both due to the bar on re-litigation and on the merits, including correct application of CBEC Circular No. 18/2008-Cus and the absence of any extra consideration or suppression of facts.

CESTAT Rules on Section 112(b) Penalty: No Mens Rea Proven Against Local Purchaser of Misdeclared Swiss Watches - The CESTAT, New Delhi, held that a penalty under Section 112(b) of the Customs Act, 1962, cannot be imposed where the only evidence is local purchase of imported goods and subsequent price revision without documentary proof that the purchaser knew the goods were liable to confiscation. The impugned order was set aside, and the appeal of the appellant was allowed, emphasizing the importance of proving mens rea for the imposition of penalty under this section.

Calcutta High Court Quashes Tribunal’s Non-Speaking Order Dismissing Stay Application in Gold Smuggling Case; Orders Fresh Hearing with Proper Reasoning - The Calcutta High Court concluded that the Tribunal’s summary, non-speaking order dismissing the stay application in a matter involving serious allegations of smuggling and significant revenue was vitiated by non-application of mind and complete lack of independent reasoning. The Tribunal’s failure to consider the statutory presumption under Section 123 of the Customs Act, 1962 and the Revenue’s arguments on fabricated documents rendered the order unsustainable. The matter was accordingly remanded for fresh, reasoned adjudication, with interim protection to continue for the Department.

Supreme Court Upholds Requirement to Exhaust Statutory Appellate Remedy Before Invoking Writ Jurisdiction - In light of the above, the Supreme Court’s decision makes it abundantly clear that litigants must diligently pursue the statutory appellate remedies before seeking recourse to writ jurisdiction under Article 226. The SLP was disposed of, affirming the High Court’s direction and granting liberty to the petitioner to file an appeal before the Commissioner (Appeals).

CESTAT Ahmedabad Affirms Food Mix Classification for Health Supplements; Upholds Extended Limitation and Penalty for Excise Evasion Amidst Notification Compliance Verification - The CESTAT Ahmedabad has conclusively settled the classification of health and nutritional supplements as “miscellaneous edible preparations” under CTH 21069099, subjecting them to RSP-based assessment with a 35% abatement as per Notification No. 49/2008-CE (NT). The Tribunal has recognized eligibility for the concessional rate under Notification No. 01/2011-CE but stressed that such benefit is conditional upon strict non-availment of Cenvat credit, necessitating factual verification. The Tribunal also firmly upheld the invocation of the extended period and penalty imposition for total non-compliance with central excise requirements. The matter stands remanded for limited verification and fresh quantification of duty, interest, and penalty.

CESTAT Ahmedabad Upholds Excise Duty on Captively Consumed Lacquered Metallic Polyester Film; Penalties and Extended Limitation Period Affirmed - The CESTAT Ahmedabad’s decision establishes that, following the amendment to Chapter Note 16 of Chapter 39, lacquered metallic polyester film manufactured and consumed captively for exempted final products is excisable and not eligible for exemption under Notification No. 67/95-CE. The extended period of limitation is invocable in cases of clear legislative change followed by deliberate non-compliance, and stringent penalties are applicable for failure to register and pay duty. Claims for Cenvat credit on inputs used in the now-dutiable intermediate product will be considered, subject to documentary verification. Assessees must ensure compliance with statutory amendments, maintain clear records, and seek prompt clarifications to avoid penal consequences.

Bombay High Court Upholds Release of Confiscated Goods for Re-Export Where No Stay on Appellate Order Exists and All Dues Are Paid - Based on the judicial determination, the High Court held that in the absence of any stay on the appellate order, and upon full payment of duty, penalty, and redemption fine, the Department is bound to release the confiscated goods for re-export. The writ petition was disposed of with a clear directive for immediate implementation of the appellate order. This decision reinforces the principle that departmental authorities must comply with higher appellate orders unless specifically stayed, and cannot withhold goods or benefits on the mere ground of a pending departmental appeal.

Supreme Court Affirms Dismissal on Classification Dispute for Imported Interactive Flat Panel Displays Due to Precedent and Delay Condonation Issues - In view of the appellant’s admission that the issue stood concluded by a prior Supreme Court order, and in the absence of any differentiating circumstances, the Supreme Court dismissed the civil appeal. This reinforces the binding nature of precedent and underscores the futility of pursuing appeals on settled issues.

Supreme Court Upholds CESTAT Order, Allows Condonation of Delay and Dismisses Revenue Appeal - The Supreme Court’s order reiterates its consistent approach in dealing with condonation of delay—focusing on substantive justice over procedural technicalities—while also clarifying that appellate review is not warranted where the Tribunal’s order is both legally sound and factually correct. Appellants must ensure timely appeals but, where delays occur, provide credible reasons to secure judicial indulgence. However, mere condonation of delay does not guarantee success on the merits.

Supreme Court Permits Delay, Upholds Tribunal’s Order on Legal and Factual Correctness in Excise Appeal - The Supreme Court’s ruling in this case demonstrates that while procedural delays may be condoned upon satisfactory explanation, the merits of the case remain paramount. Litigants should note that condonation of delay does not imply a favourable outcome on merits. The decision upholds the sanctity of reasoned orders by appellate tribunals, affirming that the Supreme Court will not interfere unless there is a manifest error of law or fact.

MEMORANDUM REGARDING DELEGATED LEGISLATION

Notes on Clauses

PRESIDENT'S RECOMMENDATION UNDER ARTICLES 117 AND 274 OF THE CONSTITUTION OF INDIA

THE FIRST SCHEDULE

Declaration under the Provisional Collection of Taxes Act, 2023

Goods and Services Tax Settlement of Funds Rules, 2026
Reconstitution of Division Benches of the Principal Bench, GSTAT under Section 109 of the CGST Act, 2017
Designation of Judicial Members of GSTAT as Vice Presidents of State Benches under Section 109(7) of the CGST Act, 2017
Constitution of the Authority for Advance Ruling in the Union territories - Change in Name and designation of the Member of Union territory Daman - Seeks to amend Notification No. 14/2018 dated 8th October 2018.
Appointment of Nodal Officer for GST Intelligence Under Section 14A(3) of IGST Act, 2017
Ease of doing business - mechanism for lock-in of pledged shares under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Relaxation from the applicability of SEBI Master Circular for compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on non-compliance with the Minimum Public Shareholding (MPS) requirements
One-time relaxation with respect to validity of SEBI Observations
Notification on Extension of 'Employees State Insurance' Coverage to Specified Districts of Mizoram under Code on Social Security, 2020
Notification on Implementation of 'Employees State Insurance' Provisions in Select Districts of Meghalaya under Code on Social Security, 2020
Seeks to amend the Sixth Schedule to the Finance Act, 2018 to increase the tariff rate of Road and Infrastructure Cess applicable to High Speed Diesel oil
Seeks to amend the Eighth Schedule to the Finance Act, 2002 to increase the tariff rate of Special Additional Excise Duty applicable to High Speed Diesel oil
Seeks to amend Notification No. 06/2026-Central Excise dated 26.03.2026 to increase the SAED on exports of High speed diesel oil outside India.
Seeks to amend Notification No. 08/2026-Central Excise dated 26.03.2026 to increase the SAED on exports of ATF outside India.
Seeks to amend Notification No. 11/2026-Central Excise dated 26.03.2026 to increase the RIC on exports of High speed diesel oil outside India.
Amendment in Export Policy Condition under HSN 1006 of Schedule-II(Export Policy), ITC(HS) 2022
Amendment in Export Policy of Feathers
Amendment for extension of validity of Minimum Export Price (MEP) on export of Natural Honey
Procedure for Allocation of Quantities for import of Calcined Petroleum Coke for Aluminium Industry and Raw Petroleum Coke for CPC manufacturing industry, for the Financial Year 2026-27
Clarification regarding remission or rebate in case of short realisation of sale proceeds by exporters under RoDTEP and RoSCTL schemes

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Article - Requirement of Prior Intimation under First Proviso to Section 143(1)(a): Scope and Implications
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