Here’s the Tax Law Daily Bulletin for August 3, 2026.
GST
- NO EFFECTIVE COMMUNICATION OF GST ORDER? RAJASTHAN HC ALLOWS TIME-BARRED APPEAL
- TRUCK DRIVER NEITHER VEHICLE OWNER NOR AWARE OF ALLEGED FAKE GST INVOICE: PATNA HIGH COURT GRANTS BAIL
- SERVICE TAX REIMBURSEMENT CANNOT BE DENIED ON TECHNICAL GROUNDS AFTER GST ROLLOUT: JHARKHAND HIGH COURT
- GST COLLECTIONS CROSS ₹2.11 LAKH CRORE IN JULY 2026, REGISTER 15.4% YOY GROWTH LED BY STRONG IMPORT REVENUES
Customs Duty
- CUSTOMS SEIZE 50,000 FOREIGN CIGARETTES, 80 VAPES AND GOLD PASTE CONCEALED IN JEANS; SHARJAH PASSENGER HELD AT COIMBATORE AIRPORT
- CUSTOMS ACCUSED CAN BE SHIFTED TO PRIVATE HOSPITAL DURING REMAND IF MEDICAL CONDITION WARRANTS: TELANGANA HC
- MANDATORY 7.5% CUSTOMS PRE-DEPOSIT CANNOT BE WAIVED ON GROUNDS OF FINANCIAL HARDSHIP: RAJASTHAN HIGH COURT
- PROFORMA INVOICES ALONE CAN’T PROVE CUSTOMS UNDERVALUATION: CESTAT
Excise Duty
Income Tax
- UNEXERCISED ESOP BUYBACK TAXABLE AS CAPITAL GAINS, NOT SALARY PERQUISITE: ITAT
- ASSESSMENT TIME LIMIT CAN’T BE EXTENDED BY INVOKING GENERAL DVO PROVISION WHERE S. 50C SPECIFICALLY APPLIES: ITAT
- BHAGAVAD GITA DISCOURSES DO NOT MAKE TRUST RELIGIOUS; ITAT DIRECTS 12AB CHARITABLE STATUS AND 80G APPROVAL
PMLA
Corporate Law
- IBC MORATORIUM CAN’T STALL CHEQUE BOUNCE PROSECUTION UNDER NI ACT: DELHI HIGH COURT
- NCLT REJECTS FAST-TRACK MERGER, RULES 90% APPROVAL MUST BE OF TOTAL SHAREHOLDING, NOT JUST VOTES CAST
