TaxTMI | Tax Management India

#IncomeTax #Highlights Clubbing of capital gains preserves corresponding exemption where the income follows a spouse's residential investment. dlvr.​it/TWFMl0

#Customs #Highlights Customs exemption for event goods and animals imported for display or use, subject to bond, identification, and re-export conditions. dlvr.​it/TWFGmr

#Customs #Highlights Maintainability of appeal under Customs law: no Tribunal appeal lies against Principal Chief Commissioner orders under Courier Regulations. dlvr.​it/TWFBj7

#IncomeTax #Highlights Transfer pricing adjustments under TNMM were curtailed where Safe Harbour rules and nil ALP were wrongly applied. dlvr.​it/TWF8xZ

#Customs #Highlights Customs broker penalty fails without act or omission making goods liable to confiscation under Customs law dlvr.​it/TWDrcb

#GST #Highlights Retrospective cancellation of GST registration upheld where statute permits cancellation from any date and suspension during proceedings. dlvr.​it/TWDkrY

#IncomeTax #Highlights Books rejection and reassessment additions fail without cogent evidence, while donation disallowance needs fresh hearing and cross-examination. dlvr.​it/TWDdtV

#Customs #Highlights Resultant goods under MOOWR include by-products, enabling proportionate duty remission on exported outputs from crude oil refining dlvr.​it/TWDbnk

#CorporateLaws #Highlights Fraudulent preference in property mutation entries without consideration was treated as void and reversed for creditor protection. dlvr.​it/TWD8Dh

#DailyUpdates #Tax TMI Updates - Newsletter dated: July 06, 2026 dlvr.​it/TWCzkB

#DailyUpdates #Tax TMI Updates - Newsletter dated: July 05, 2026 dlvr.​it/TWCsM6

#IncomeTax #Highlights Former director not liable for non-filing prosecution where resignation predated the company's default period dlvr.​it/TWCpkC

#VAT #Highlights Forgery and cheating in fiscal dispute held unsustainable; absence of authorship proof and inception deception led to quashing dlvr.​it/TWCJkY

#TaxLaws #Highlights Section 7 insolvency admissions can fail where loan documents and disbursal routes are tainted by fraud suspicions. dlvr.​it/TWC7d5

#DailyUpdates #Tax TMI Updates - Newsletter dated: July 04, 2026 dlvr.​it/TWC0tr

#TaxLaws #Highlights Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law. dlvr.​it/TWBy11

#IncomeTax #Highlights Binding interim directions bar TDS default treatment on LTC reimbursement while they remain operative in force dlvr.​it/TWBRhR

#DailyUpdates #Tax TMI Updates - Newsletter dated: July 03, 2026 dlvr.​it/TWBGWf

#Customs #Highlights EPM compliance support revised with higher MSME reimbursement, two-stage claims, and export-linked instalment release dlvr.​it/TWB7Xz

#IncomeTax #Highlights Medical reimbursement under service terms and book rejection without specific defects were both found unsustainable. dlvr.​it/TWB4KL