News & Updates Latest Tax newsApproval Of Resolution Plan By NCLAT Bars Continuation Of Revenue’s Service Tax Appeal: CESTAT [Read Order] February 14, 2026The CESTAT Chennai reiterates that tax appeals cannot continue once an NCLT approved resolution plan attains finality under IBC Team TaxscanSupplies to SEZ: When Refund Works and When it Fails February 14, 2026An in-depth analysis of GST refunds on SEZ supplies, focusing on procedural compliance, documentation lapses, and reasons for rejection. Team TaxscanGST Superintendent’s Second Bail Plea Rejected in ₹34 Lakh Bribery Case: Chhattisgarh HC Cites Active Role in Conspiracy [Read Order] February 14, 2026Chhattisgarh High Court rejected a CGST Superintendent’s second bail plea in a Rs. 34 lakh bribery case, observing his active role and prior bail rejection Team TaxscanRTI Queries Seeking Confirmation of Right Person for CIRP Payments Not Covered u/s 2(f): IBBI [Read Notification] February 14, 2026The IBBI clarifies that RTI cannot be used to seek confirmations or clarifications on payment handling during ongoing CIRP proceedings. Team TaxscanPower Charges Provision Based On Actual Bills Not A Contingent Liability: ITAT Rejects CPC Disallowance u/s 143(1) [Read Order] February 14, 2026The ITAT clarified the scope of CPC adjustments, holding that invoice-backed power charge provisions cannot be treated as contingent liabilities. Team TaxscanLTCG From Share Sale cannot Be Treated as Unexplained Income u/s 68: ITAT [Read Order] February 14, 2026Reiterating evidentiary standards, ITAT ruled that LTCG from share sale cannot be assessed under Section 68. Team TaxscanGift From Mother out of FD Maturity Cannot Be Treated As Unexplained Investment: ITAT Deletes ₹1.75 Cr Addition u/s 69 [Read Order] February 14, 2026ITAT Mumbai held that gifts received from a mother’s FD maturity cannot be taxed as unexplained investment. Team TaxscanDeemed Exports Refund: Recipient vs Supplier Route and Undertakings That Decide Eligibility February 14, 2026Refund for deemed exports, procedure for recipients and suppliers and the documents that need to be submitted explained Team TaxscanRefund in Case of Export of Electricity: Key Legal Provisions, Procedure and Documentation under GST Law February 14, 2026This article attempts to unpack the well-defined and structured mechanism under GST law for refund in case of export of electricity. Team TaxscanCustoms Broker Not Required to Conduct Physical KYC Verification of Exporters, Govt Issued Certificates Presumed Authentic: CESTAT [Read Order] February 14, 2026KYC verification based on government issued documents carries a legal presumption of genuineness under section 79 of the Indian Evidence Act. Team Taxscan
