Here’s the Tax Law Daily Bulletin for September 3, 2026.
GST
- TAXPAYER REVERSED EXCESS CREDIT WITH INTEREST BEFORE SCN: GSTAT QUASHES ITC DEMAND
- GROSS GST COLLECTION NEARS ₹2 LAKH CRORE IN AUGUST 2026, RISES 14.8%; IMPORT REVENUE JUMPS 29%
- GST NOTICES SURGE OVER ITC, TURNOVER, RCM AND E-WAY BILL MISMATCHES AS DEPT. INTENSIFIES DATA-BASED SCRUTINY
- CALCUTTA HIGH COURT ORDERS BANK ACCOUNT DEFREEZING ON 10% DEPOSIT; EXAMINES VALIDITY OF GST LIMITATION EXTENSION FOR FY 2018-19
- INDEMNITY CLAUSE CAN’T SHIELD ACCUSED FROM PROSECUTION OVER ALLEGED BOGUS GST INVOICES AND E-WAY BILLS: HIMACHAL PRADESH HIGH COURT
- GST DEMAND CAN’T EXCEED AMOUNT PROPOSED IN SCN: ALLAHABAD HIGH COURT QUASHES RS. 20.47 CRORE ORDER
- HUNDREDS-OF-CRORES GST DEMAND AND HEAVY 10% PRE-DEPOSIT NO GROUND TO BYPASS STATUTORY APPEAL: PUNJAB & HARYANA HIGH COURT
- DELHI HC GIVES DGARM 1 WEEK TO DECIDE IGST REFUND, WARNS DG’S SALARY WILL BE WITHHELD FOR FURTHER DELAY
- GST PROHIBITION ORDER AUTOMATICALLY ENDS AFTER MAXIMUM EXTENDED PERIOD EXPIRES: BOMBAY HIGH COURT
Customs Duty
- CUSTOMS COULD INVESTIGATE PREFERENTIAL TARIFF CLAIMS EVEN BEFORE S. 28DA: DELHI HIGH COURT
- UNFILED PRE-CIRP CUSTOMS CLAIMS EXTINGUISH ON APPROVAL OF RESOLUTION PLAN: DELHI HIGH COURT
- DELHI HIGH COURT REFUSES TO ENTERTAIN CHALLENGE TO GOLD CONFISCATION DUE TO STATUTORY APPEAL REMEDY AND UNEXPLAINED DELAY
- CUSTOMS DEPT. RELIED ON FAKE AI GENERATED CASE LAWS: SUPREME COURT QUASHES RS. 425.28 CRORE PENALTY
Income Tax
- S. 92BA OMISSION IS PROSPECTIVE: ITAT REFUSES TO QUASH RS. 5.12 CRORE TP ADJUSTMENT
- FOREX FLUCTUATION ARISING FROM NORMAL BUSINESS TRANSACTIONS IS OPERATING ITEM FOR TRANSFER PRICING: ITAT
- UNSIGNED, UNDATED S. 151 APPROVAL INVALID: DELHI ITAT QUASHES REASSESSMENT OVER RS. 51 LAKH CASH DEPOSITS
- NO ADDITION MERELY ON ENTRY PROVIDER’S STATEMENT WITHOUT CROSS-EXAMINATION: ITAT UPHOLDS DELETION
- NON-ISSUANCE OF S. 143(2) NOTICE INVALIDATES REASSESSMENT; PARTICIPATION CAN’T CURE JURISDICTIONAL DEFECT: ITAT
- SALE OF PLOTS DOESN’T DENY CHARITABLE STATUS WHEN SURPLUS FUNDS PUBLIC WELFARE: PUNJAB AND HARYANA HIGH COURT
- NOTICE TO PARTNERSHIP FIRM SUFFICIENT FOR AUCTION OF FIRM’S PROPERTY TO RECOVER INCOME TAX DUES: MADRAS HIGH COURT
- BOMBAY HIGH COURT QUASHES RS. 20.16 CRORE TP ADJUSTMENT AS MANDATORY SCN WAS NOT SERVED
- ITO CUTS RS. 1.42 LAKH INCOME TAX DEMAND TO RS. 671 DESPITE S. 154 TIME-LIMIT OBJECTION [READ ORDER]
Corporate Law
- NSE CLEARING’S COMMITTEE LACKED POWER TO ORDER RESTITUTION OF LIQUIDATED SECURITIES: SUPREME COURT
- BANK CAN INVOKE SARFAESI ACT TO RECOVER SECURED DEBT ACQUIRED FROM UNNOTIFIED NBFC: SUPREME COURT
- HOMEBUYERS CAN’T BE PENALISED FOR DEVELOPER’S “PAST SINS”: SUPREME COURT REJECTS NOIDA’S TIME EXTENSION CHARGES AS CIRP COSTS
