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GST

Calcutta High Court Restores Goods and Services Tax Appeal Over Medical Delay

The Calcutta High Court restored a Goods and Services Tax appeal after a tax consultant's illness caused a filing delay. The court decided the taxpayer should not suffer because of a representative's medical emergency. This decision provides relief for businesses facing strict statutory limitations when genuine medical reasons disrupt compliance.

Effective Not specified in the update

For professionals: The Calcutta High Court restored a dismissed Goods and Services Tax appeal where a delay occurred due to a tax consultant falling ill. · Maintain detailed documentation of all communications with consultants and medical certificates for any delays. · Courts examine whether a litigant showed sufficient cause for missing statutory deadlines before permitting a review on merits.

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Taxguru7m ago 1 min
GST

Recent judicial rulings under the Goods and Services Tax framework dated November 13 2026

A2Z Taxcorp LLP has compiled recent judicial pronouncements and case laws under the Goods and Services Tax (GST) framework as of November 13, 2026. These legal updates provide vital insights into statutory interpretations and compliance requirements for businesses. Tax professionals must stay updated on these judicial precedents to ensure accurate GST compliance and robust litigation strategies for clients.

Effective November 13, 2026

For professionals: Tax practitioners and corporate finance teams should review the recent GST case laws published by A2Z Taxcorp LLP to evaluate their impact on ongoing audits and pending tax disputes. · These judicial decisions interpret statutory provisions, procedural rules, and compliance obligations, which help clarify ambiguities in tax liabilities, input tax credit claims, and procedural penalties.

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A2Z Taxcorp LLP19m ago 1 min 1
Economy

Indian equity indices halt consecutive gains as rising consumer price inflation dampens investor sentiment

Domestic equity markets paused their ongoing upward streak as persistent consumer price inflation figures weighed heavily on trader sentiment. The temporary slowdown reflects broader macroeconomic anxieties surrounding rising retail price pressures across the domestic economy.

Effective Not specified in the update

For professionals: Domestic benchmark indices paused their ongoing upward trend and halted consecutive sessions of gains due to persistent consumer price inflation figures. · Market participants reacted to macroeconomic data prints indicating higher retail price pressures, triggering cautious positioning and profit-taking. · Financial advisors and investors must navigate increased volatility, reassess asset allocation strategies, and adjust portfolio risk parameters.

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The New Indian Express21m ago 1 min
Income Tax

Visakhapatnam expands industrial footprint with new semiconductor manufacturing special economic zone

Visakhapatnam has strengthened its industrial infrastructure by adding a semiconductor manufacturing Special Economic Zone. This strategic addition aims to boost local high-tech production capabilities and attract major electronic component investments. Investors and corporate advisors should evaluate this new special economic zone for potential semiconductor manufacturing and tech expansion opportunities in India.

Effective Not specified in the update

For professionals: Examine the specific incentive structures and land allotment guidelines associated with the new semiconductor Special Economic Zone · Monitor upcoming policy notifications regarding operational guidelines and fiscal packages for units setting up inside the zone

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India Briefing27m ago 1 min
CA Corner

CESTAT Mumbai Rules Customs Broker Licence Suspension Without Urgency Is Unjustified

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in Mumbai ruled that suspending a customs broker licence without urgency is unjustified. The tribunal emphasized that immediate suspensions require pressing circumstances rather than delayed administrative actions. Finance professionals should note this precedent when handling licensing disputes and regulatory compliance.

Effective Not specified in the update

For professionals: Tax professionals and customs brokers must examine suspension notices carefully for grounds of urgency and immediate necessity · CESTAT Mumbai ruled that emergency suspension provisions require swift intervention to protect public or revenue interests rather than routine or delayed administrative measures · Regulatory bodies must justify the lack of time for a normal inquiry before invoking emergency suspension powers

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Taxguru30m ago 1 min
Income Tax Govt

ITAT Delhi Permits Depreciation Claims on Composite Cost of Leasehold Office Premises

The Income Tax Appellate Tribunal (ITAT) in Delhi allowed depreciation on the composite cost of leasehold office premises. This decision provides clarity for businesses investing in leasehold commercial real estate improvements. Taxpayers can utilize this ruling when structuring asset depreciation claims on leased commercial spaces.

Effective Not specified in the update

For professionals: Practitioners should review clients fixed asset schedules to identify eligible composite costs on leasehold office premises for depreciation deductions under the Income Tax Act. · ITAT Delhi ruled that capital investments made by tenants on leased properties qualify for depreciation, resolving historical ambiguity regarding ownership and non-structural components. · Professionals can advise corporate clients that composite expenditures contributing to the operational utility of leasehold commercial spaces are eligible for standard depreciation allowances.

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Taxguru30m ago 1 min
Business

Bombay High Court Rules Administrators Cannot Make Major Policy Decisions on Society Leases

The Bombay High Court ruled that an administrator cannot take major policy decisions regarding a society lease. The court restricted interim administrators from executing far-reaching agreements that alter the long-term rights of housing societies. Legal professionals and housing society managers must note these governance boundaries during administrative transitions.

Effective Not specified in the update

For professionals: Advisors must verify the authority behind any major lease agreements executed during an administrator's tenure to ensure compliance with cooperative law. · Auditors and legal consultants need to recognize that permanent policy decisions altering property rights fall outside the caretaker mandate of an administrator.

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Taxguru31m ago 1 min
CA Corner

Extended customs limitation period invalid if importer is unaware of flawed origin certificate

The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal ruled that extended limitation periods for customs duties are invalid unless the importer knew about incorrect origin certificates. This judgment protects businesses from retroactive liabilities when trade documents contain hidden errors.

Effective Not specified in the update

For professionals: The CESTAT Allahabad ruled that authorities cannot invoke extended limitation periods for recovering customs duty unless there is evidence that the importer had direct knowledge of an incorrect origin certificate. · This decision protects importers who acted in good faith without knowing about underlying certificate defects when claiming preferential tariff treatments under trade agreements. · Tax professionals should advise clients that revenue authorities can no longer automatically assume flaws in origin certificates justify extended limitation timelines without proof of importer awareness.

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Taxguru33m ago 1 min
CA Corner

Gujarat High Court confirms customs officials can reject flawed ASEAN-India agreement origin certificates

The Gujarat High Court held that customs authorities possess the legal authority to reject incorrect certificates of origin under the ASEAN-India Free Trade Agreement. This ruling clarifies the powers of domestic tax officials in verifying preferential tariff claims during import assessments.

Effective Not specified in the update

For professionals: The Gujarat High Court ruled that domestic customs officials have the statutory authority to independently reject incorrect certificates of origin presented by importers seeking preferential tariff benefits under the ASEAN-India Free Trade Agreement (FTA). · Importers and trade consultants must conduct rigorous pre-import checks on all origin certificates to ensure they meet legal and factual standards during local assessment procedures.

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Taxguru33m ago 1 min
Markets

Defence sector second quarter earnings show mixed profit trends across public sector undertakings

Garden Reach Shipbuilders & Engineers and Hindustan Aeronautics posted year-on-year second-quarter profit growths of 12% and 16% respectively, while Bharat Dynamics experienced a 15% profit drop. All three firms reported increased revenues, although Bharat Dynamics recorded a sharp decline in earnings before interest, tax, depreciation, and amortization.

Effective Not specified in the update

For professionals: Garden Reach Shipbuilders & Engineers and Hindustan Aeronautics achieved year-on-year second-quarter profit growth of 12% and 16% respectively. · Bharat Dynamics reported a profit decline of 15% for the same quarter alongside a steep drop in EBITDA. · Revenue figures increased across all three public sector undertakings.

Scrips: HAL

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LiveMint Markets35m ago 1 min
CA Corner

Kolkata tribunal rules road transport service tax inapplicable without formal consignment notes

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal ruled that service tax cannot be levied on road transport services unless a consignment note is issued. This decision establishes mandatory documentation requirements for taxability under historical indirect tax laws.

Effective Not specified in the update

For professionals: The CESTAT Kolkata held that service tax liability on road transport cannot be sustained without a formal consignment note issued to the service recipient. · Tax professionals managing legacy service tax audits and litigation must inspect show-cause notices for missing consignment notes since missing statutory documents invalidate the tax demand. · This ruling reinforces the prerequisite evidentiary standards required for tax authorities to demand service tax under legacy indirect tax frameworks.

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Taxguru35m ago 1 min
Banking

Select Banks Offer Fixed Deposit Interest Rates Reaching Up to 8.6 Percent

Certain banks are offering fixed deposit interest rates as high as 8.6 percent for depositors. Investors can evaluate these competitive yields to maximize returns on their fixed-income portfolios. Financial advisors should review these high-yield fixed deposit options for clients seeking stable interest earnings.

Effective Not specified in the update

For professionals: Examine specific tenure requirements, compounding frequencies, and eligibility criteria attached to peak FD rates across offering banks. · Consider tax implications, premature withdrawal penalties, and deposit insurance coverage when advising clients.

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Business Standard35m ago 1 min

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