
FAST-DS 2026: Foreign Asset Disclosure, Valuation & FEMA Compliance Gaps
FAST-DS 2026 offers foreign asset disclosure relief, but valuation thresholds and lack of FEMA immunity create significant compliance concerns.

Gujarat HC Quashes Section 148 Notice Founded on Incorrect Transaction Facts

CHA Cannot Be Penalised for Importer’s Misdeclaration Without Corroborative Evidence: CESTAT Kolkata

CESTAT Kolkata Quashes Customs Section 112(a) Penalty After Principal Import Proceedings Fail

CESTAT Allows ₹2.42 Crore Reverse Charge CENVAT Refund, Orders Re-computation

ITAT Bangalore Deletes Section 40(a)(i) Disallowance After Payee Filed Return With Loss

247-Day Delay Not Inordinate Where Sufficient Cause Shown: ITAT Bangalore

ITAT Surat Restores Agricultural Land Capital Gains Dispute for Fresh Examination

Madras HC Sets Aside Assessment Order for Denying Requested Video Conference Hearing

Andhra Pradesh HC Sets Aside Composite GST Order Covering Multiple Tax Periods

Chhattisgarh HC Upholds Catering Tender Rejection Over GST Bid Misunderstanding

GST Cannot Be Deducted from Land Acquisition Compensation: Karnataka HC

Karnataka HC Directs Sale of Hazardous Goods Under GST Section 129(6)

Cheque Bounce Trial Cannot Be Quashed Midway on Disputed Facts: J&K HC

SC Holds Pre-2008 IT Act Section 79 Does Not Shield Intermediary from IPC Defamation

IRDAI Health Insurance Panel Pushes Simpler Policies, Faster Claims and NHCX Adoption

When Your Face Isn’t Yours: AI, Deepfakes & Law’s Race Against Reality

CESTAT Chennai Rejects Lauric Acid Classification Claim Under Tariff Item 29157090

CBIC Prescribes IGST Payment Procedure for Raw Sugar AA-to-TRQ Conversion

CAAR Mumbai Disallows Roasted Areca Nut Advance Ruling Under Section 28-I(2)(b)

CESTAT Sets Aside Customs Reclassification of Poultry Feed Milling Machinery

NCLT Approves 46:1 Bonus Preference Share Issue by TVS Holdings

ICSI Seeks CCFS 2026 Extension Till September 30 Amid MCA-21 Filing Issues

Subhash Chandra Insolvency: NCLT Says Repayment Plan Can Bind Dissenting Creditors

Registration of Foreign Companies / Subsidiary of Foreign Body Corporate: FAQs

ICAI Extends MEF 2026-27 Submission Deadline to September 9, 2026

When Paid-Up Capital Was Never Paid: Accounting and Legal Treatment of Unpaid Subscription Money at Incorporation

Join 2 day Workshop on Tax Audit From GST Perspective & Role of AI

Renewable Energy Accounting Challenges in Solar & Wind Projects
ITAT Mumbai Rejects ₹51.99 Lakh WhatsApp Addition Due to Inconsistent Decoding
Mumbai ITAT holds Section 153A valid in coordinated search, limits on-money to assessee-owned shops, and sustains ₹6.09 lakh under Section 69A.
Delhi HC Restores GST Proceedings Where SCN Was Not Duly Served
Delhi HC applies Luxmi Traders principles where GST SCN was only uploaded on the portal, restoring proceedings to the SCN stage.
ITAT Indore Deletes ₹10.45 Lakh GP Addition, Sustains ₹10,780 TDS Disallowance
ITAT Indore deleted ₹10.45 lakh estimated GP addition, sustained ₹10,780 under Section 40(a)(ia), and deleted three other disallowances.

Aijaz Hussain Malik is a JKAS officer currently serving as State Taxes Officer in Srinagar, Circle-C,…
Contributor on tax, GST and corporate-law developments.






