Here’s the Tax Law Daily Bulletin for October 16, 2026.
GST
- OMITTED ITC CAN BE CLAIMED WITHIN STATUTORY TIME LIMIT IN NEXT FY: GSTAT
- CANCELLED FLAT BOOKING: GST REFUND CAN’T BE DENIED WITHOUT EXCLUDING COVID PERIOD FROM LIMITATION: GSTAT
- GST PENALTY QUASHED FOR INADVERTENT SALES OMISSION; RS. 75.23 LAKH INTEREST DEMAND SENT FOR RECALCULATION: GSTAT
- ELIGIBLE ITC DOESN’T AUTOMATICALLY ENTITLE TAXPAYERS TO COMPENSATION CESS REFUND ON DOMESTIC SALES: GSTAT
- GST DEMAND OVER BUILDERS’ 80% PROCUREMENT RULE REQUIRES REASONED ADJUDICATION: GSTAT
- PAYMENT OF GST ALONE DOESN’T END INTEREST AND PENALTY LIABILITY WHEN TAX AND INTEREST REMAIN UNPAID BEYOND 30 DAYS OF NOTICE: GSTAT
- GST INTEREST STOPS ONCE TAX REACHES GOVERNMENT ACCOUNT, CAN’T RUN UNTIL RETURN FILING: GSTAT
- GST PENALTY APPEALS | PRE-DEPOSIT REQUIREMENT GOVERNED BY EARLIER RULING WHERE PROCEEDINGS BEGAN BEFORE OCTOBER 2025 AMENDMENT: DELHI HIGH COURT
- ₹5.34 CRORE GST NOTICE COVERING FOUR FINANCIAL YEARS FACES CHALLENGE: CALCUTTA HIGH COURT GRANTS INTERIM PROTECTION
Customs Duty
Income Tax
- CASH CREDIT ACCOUNT ATTACHMENT CEASES TO SURVIVE AFTER 6 MONTH PERIOD EXPIRES, NO INCOME TAX DUES REMAIN: RAJASTHAN HIGH COURT
- PROVISIONAL TAX ATTACHMENT: FDR LIEN TO BE LIFTED AGAINST CHEQUE AND UNDERTAKING NOT TO TRANSFER ASSETS: DELHI HC
- SECURED BANK DUES OVERRIDE SALES TAX CLAIM; AUCTION BUYER ENTITLED TO ENCUMBRANCE-FREE PROPERTY: BOMBAY HC
- INCOME TAX PENALTY PROCEEDINGS MUST REMAIN IN ABEYANCE WHILE ASSESSMENT APPEAL IS PENDING BEFORE ITAT: DELHI HC
- TAXPAYER’S MISSED CROSS-EXAMINATION CAN’T BE HELD AGAINST HIM AFTER FRESH OPPORTUNITY IS GRANTED; RS. 1 CRORE ADDITION SENT BACK FOR REASSESSMENT: DELHI HC
- DIRECTOR CAN’T PERSONALLY CHALLENGE INCOME TAX SEARCH AGAINST COMPANY WITHOUT SHOWING HE IS AFFECTED PERSON: KARNATAKA HC
- CROSS-OBJECTIONS MAINTAINABLE IN INCOME TAX APPEALS U/S 260A, SUBJECT TO SUBSTANTIAL QUESTION OF LAW: CALCUTTA HC
- DEDUCTION FOR EXPENSES DISALLOWED OVER TDS DEFAULT CAN BE CLAIMED AFTER TAX PAYMENT DESPITE OMISSION IN RETURN: ITAT
- MARRIED DAUGHTERS CAN KEEP JEWELLERY AT PARENTAL HOME: ITAT DELETES ADDITIONS
