Here’s the Tax Law Daily Bulletin for April 16, 2026.
GST
Customs Duty
- CBIC REVISES TARIFF VALUES FOR EDIBLE OILS, GOLD, SILVER, AND ARECA NUTS; NEW RATES EFFECTIVE 16 APRIL 2026
- NO PENALTY ON CUSTOMS BROKER WITHOUT PROOF OF FRAUD; APPEAL DISMISSED DUE TO LOW TAX EFFECT: CALCUTTA HIGH COURT
- NO EVIDENCE OF SMUGGLING: CESTAT DISMISSES CUSTOMS APPEALS, UPHOLDS RELIEF IN RS. 25 LAKH PENALTY CASE
- HEARSAY STATEMENT ALONE CAN’T PROVE GOLD SMUGGLING: CESTAT ORDERS RELEASE OF SEIZED GOLD
- CONDENSATE CAN’T BE CLASSIFIED AS ‘LIGHT OIL’ WITHOUT TESTING 90% DISTILLATION AT 210°C: CESTAT
- BIG SETBACK FOR RANYA RAO | SUPREME COURT UPHOLDS COFEPOSA DETENTION IN GOLD SMUGGLING CASE
Excise Duty
- SALE OF RURAL AGRICULTURAL LAND NOT TAXABLE: RAJASTHAN HIGH COURT
- 31 SOFTWARE DEVELOPMENT UNITS OF HCL TECHNOLOGIES CAN’T BE TREATED AS SEPARATE UNDERTAKINGS FOR S. 10A DEDUCTION: ITAT
- UNDER-CONSTRUCTION PROPERTY QUALIFIES AS ‘CONSTRUCTION’: ITAT ALLOWS S. 54F DEDUCTION
- ITAT UPHOLDS ALLOWABILITY OF ADVERTISEMENT REIMBURSEMENT AND JV-LINKED EXPENSES; ALLOWS PROPORTIONATE RETAINERSHIP FEES
- REFUND OF LOAN CAN’T BE TREATED AS UNEXPLAINED CASH CREDIT; ADDITIONS BASED SOLELY ON STATEMENTS WITHOUT EVIDENCE NOT SUSTAINABLE: ITAT
- BANK DEPOSITS CAN’T BE TREATED AS UNEXPLAINED INCOME WHEN LINKED TO BUSINESS TURNOVER; PROFIT ESTIMATION MUST FOLLOW PAST HISTORY: ITAT
Others
