[Opinion] Budget 2026 Amendments – A Shift from Judicial Views to Legislative Intent
Srinath Kumar & Akshay Jain – [2026] 183 taxmann.com 72 (Article) Finance Bill 2026 has signalled a watershed moment in Indian fiscal policy, heralding a clear shift from a judiciary-led tax environment to one governed by legislative intent. The government, by strongly employing “notwithstanding” clauses and retrospective clarifications, is seeking to resolve long-standing disputes. As on […]
Post Graduate Insolvency Programme (PGIP) Admissions 2026 | IICA
Post Graduate Insolvency Programme (PGIP), offered by the Indian Institute of Corporate Affairs (IICA), is India’s flagship programme for developing next-generation insolvency professionals. Recognised by the Insolvency and Bankruptcy Board of India (IBBI), the two-year, full-time programme provides a fast-track pathway to registration as an Insolvency Professional by waiving the conventional ten-year experience requirement. Admissions […]
Budget 2026 | Wishlist of Cash Strapped Telecom Sector
Simran Keswani – [2026] 182 taxmann.com 810 (Article) With the advancement in technology especially after the introduction of AI smartphones are inevitable part of our daily life’s. The Indian telecom sector thus plays an important role in category to the ever-evolving technological needs. Furthermore, the imminent rollout of 5G networks promises even faster connectivity, but […]
Economic Survey 2025-26 | India’s Potential Growth Raised to 7%
The Finance Minister Smt. Nirmala Sitharaman presented the Economic Survey 2025-26 in Parliament on January 29, 2026. The Survey reviews the performance of the Indian economy in the backdrop of a challenging global environment marked by geopolitical tensions, trade fragmentation and financial market volatility. It notes that despite these headwinds, India remains one of the […]
[Global Financial Insights] FRC Pension Rule Guidance and ASIC Action
Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: 1. Financial Reporting Council Issues Guidance on Pension Rule Amendments, Providing Clarity to Actuaries and Scheme […]
Refund Limitation To Be Based On Original Claim Date | HC
Case Details: Homag India (P.) Ltd. vs. Joint Commissioner of Central Tax, Appeals-II – [2026] 182 taxmann.com 521 (Karnataka) Judiciary and Counsel Details S.R.Krishna Kumar, J Venkatesh G., Adv. for the Petitioner. Aravind V. Chavan, Adv. for the Respondent. Facts of the Case The petitioner filed a refund under Section 54(3) of the CGST Act […]
GSTN Advisory On RSP Based Valuation Of Tobacco Goods
GSTN Advisory, Dated 23-01-2026 1. Introduction: GSTN Issues Advisory on RSP-Based Valuation The Goods and Services Tax Network (GSTN) has issued an advisory dated 23 January 2026 to guide taxpayers on reporting taxable value and tax liability for notified tobacco and tobacco-related goods under GST. The advisory applies with effect from 1 February 2026 and […]
Delay Condonation Denied for Lack of Diligence | HC
Case details: T. Srinivasa vs. Chief Traffic Manager B.M.T.C. Central office – [2025] 181 taxmann.com 237 (HC – Karnataka) Judiciary and Counsel Details K. Somashekar & Venkatesh Naik T., JJ. Shekar L., Adv. for the Appellant. Smt. H.R. Renuka, Adv. for the Respondent. Facts of the Case In the instant case, the appellant-workman of the respondent corporation […]
Writ Against GST Assessment Not Maintainable | HC
Case Details: Balagan Beedi Company (P.) Ltd. vs. State Tax Officer – [2026] 182 taxmann.com 428 (Madras) Judiciary and Counsel Details Krishnan Ramasamy, J. Sudalai Muthu N. for the Petitioner. R. Suresh Kumar, AGP for the Respondent. Facts of the Case The petitioner received a show cause notice and submitted a response. Afterwards, multiple notices were issued […]
Liquidator Fee Limited After Liquidation Completion | NCLT
Case Details: P.M. Cold Storage (P.) Ltd. vs. Goouksheer Farm Fresh (P.) Ltd. [2025] 180 taxmann.com 849 (NCLT – Kolkata) Judiciary and Counsel Details Labh Singh, Judicial Member Ms. Rekha Kantilal Shah, Technical Member Kuldip Mallick, Ms. Pallavi Ray, S. Dutta, Advs. Niraj Kumar, CS for the Appearing Parties. Facts of the Case In the […]