News & Updates Latest Tax newsExporters Can Seek Re-credit Despite Time-Barred Rebate: Bombay HC allows Fresh Application u/s 142(3) CGST [Read Order] April 11, 2026SUMMARY: The petitioners were directed to file a fresh substantive application seeking re-credit of the excess duty paid, holding that the rejection of a time-barred rebate claim does not preclude an assessee from seeking the return of excess duty under Section 142(3) of the CGST Act. AryaFalsely Implicated in GST Fraud: Allahabad HC Grants Bail to Scrap Dealer in Absence of Evidence [Read Order] April 11, 2026Summary: Considering the nature of the supporting evidence and the absence of direct allegations against the applicant in the FIR, a case for bail was made out. AryaService Tax Exemption for Chicken Sausages: CESTAT rejects Claim as Evidence necessary under conditional notification [Read Order] April 11, 2026The tribunal observed that the alternate claim for benefit of General Exemption was not absolute but rather had conditions prescribed such as supporting documents. AryaAllahabad HC Confirms Right to Temporary GST ID for Aggrieved Parties under UP GST & CGST Dispute [Read Order] April 11, 2026Since the grievance raised by the petitioner had been addressed and efforts appeared to have been made by the authorities to create a credible mechanism, no further directions were required to be issued at that stage. AryaFake GST Registration Using Another’s PAN, Bogus Invoices: Allahabad HC Grants Bail to Accused [Read Order] April 11, 2026The order underscores judicial scrutiny of prosecutions invoking general penal laws in matters governed by special statutes like the GST Act. AryaProcedural Breach in Inter-EOU Transfer not Ground for Customs Duty Demand: CESTAT [Read Order] April 11, 2026SUMMARY: A procedural lapse, regularised by the competent authority, cannot serve as the basis for a duty demand under the B-17 bond. AryaSEBI Plans Revival of Open Market Buybacks Under New Tax Regime April 11, 2026The move aims to ensure fair participation and equal tax treatment for all investors under the revised framework. AryaNo Extended Limitation in Absence of Suppression Despite Audit Based Demand: CESTAT Sets Aside Service Tax Demand [Read Order] April 11, 2026CESTAT held that the extended Limitation cannot be invoked without evidence of suppression or intent to evade tax Anagha MCost-to-Cost Reimbursements Without Markup Valid for Personnel & IT: ITAT dismisses Cross Appeals in absence of Evidence to Ad & Publicity Expenses [Read Order] April 11, 2026Summary: The ITAT validated cost-to-cost reimbursements for personnel and IT expenses to associated enterprises while upholding a transfer pricing adjustment for advertisement and publicity expenses due to lack of evidence. Anagha MDGFT Mandates Inspection Certificate for Rice Exports Restricted to Select European Countries [Read Notification] April 11, 2026DGFT has made inspection certificate mandatory for rice exports to select European countries to ensure quality compliance Anagha M
