Here’s the Tax Law Daily Bulletin for May 21, 2026.
GST
- Supreme Court Allows GST Assessee to Challenge Missing Seized Files Issue Before Appellate Authority; Reduces Pre-Deposit
- Businesses Should Not Be Kept Outside GST Regime Without Due Process: Gauhati High Court
- Goods Can’t Be Released Under S. 129 Once Confiscation Order U/s 130 Is Passed, Title Vests in Govt.: Karnataka HC
Service Tax
Customs Duty
- Customs Waives Late Filing Penalty for Bills of Entry After ICEGATE “Error 999” Disruption
- S. 108 Statements Can’t Be Sole Basis Without Following Section 138B Procedure: CESTAT
- Provisional Release Can’t Be Denied Solely On Dept. Suspicion Of Misclassification And Undervaluation Of Imported Goods: CESTAT
Income Tax
- ITAT Quashes Nine S. 153C Assessments Over Defective Satisfaction Note and Limitation Issues
- ITAT Has No Power to Condon Delay Beyond Six Months in Rectification Applications U/s 254(2)
- Cash Seized Without Verifiable Source Can Be Treated as Benami Property; Filing ITR Later Doesn’t Bar Action: SAFEMA Appellate Tribunal
- CIT(A) Must Give Independent Reasons While Reversing AO; ITAT Need Not Act as First Appellate Authority: Delhi HC
- Retail/After-Sales Businesses Can’t Be Compared With OEM Wholesale Trading: ITAT Deletes TP Adjustments
- CBDT Announces Massive Reshuffle in Senior Income Tax Administration; Promotions, Transfers and Key Assignments Across India
