Press Release: 2026-2027/150, Dated 27.04.2026

The Reserve Bank of India (RBI) has issued final directions on asset classification, provisioning, and income recognition for commercial banks, replacing the draft framework released on October 7, 2025.

1. Objective of the Revised Framework

The directions aim to:

• Consolidate and update prudential norms
• Enhance clarity and consistency in regulatory requirements
• Strengthen risk recognition and provisioning practices

2. Key Features of the Framework

• Comprehensive consolidation of existing instructions into a unified framework
• Updates to norms relating to:

1. 1. Asset classification (standard, sub-standard, doubtful, loss assets)
   2. Provisioning requirements
   3. Income recognition principles

• Issuance of:

1. 1. Multiple amendment directions
   2. Repeal of earlier overlapping instructions

3. Regulatory Impact

The revised framework is expected to:

• Improve accuracy in identification of stressed assets
• Ensure timely recognition of income and losses
• Strengthen prudential risk management in banks

4. Effective Date

• The directions will come into force from April 1, 2027

5. Conclusion

The final directions mark a significant step towards a modernised and harmonised prudential framework, reinforcing RBI’s focus on financial stability, transparency, and sound banking practices.

Click Here To Read The Full Press Release

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Editorial Team – [2026] 185 taxmann.com 849 (Article)

Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe.

1. France Clarified VAT Rules and Procedures for Distance Sales of Imported Goods Where the Trader Does Not Use IOSS

France has issued a clarification regarding the rules and procedures for declaring and paying value-added tax (VAT) on distance sales of imported goods made by a trader who is not registered under the VAT single window ‘Import One Stop Shop’ (IOSS). It also addresses the rules of liability applicable to import VAT on this same type of transaction.

The clarification concerns a merchant who sells goods from its website to individual consumers located in France or another Member State of the European Union (EU), where the goods are shipped directly to the customer from a non-EU country in which the supplier is established. The clarification explains how VAT must be declared and paid in such cases, as well as how liability for import VAT is determined depending on the customs procedures used when the goods enter the EU.

1.1 Place of Taxation of Distance Sales of Imported Goods

The place of taxation of distance sales of imported goods is the EU Member State where the goods are ultimately delivered to the customer. This rule applies uniformly to all such transactions and is not affected by provisions relating to territoriality of deliveries or the person liable for VAT on imports. As a result, when goods are delivered to a customer located in another EU Member State, the trader does not become liable for VAT in France under the distance sales of imported goods scheme (VAD-BI).

1.2 Rules Where Goods are Imported into the EU by France and Shipped to Another Member State

(a) Applicability based on intrinsic value of packages – Where goods are first imported into the EU in France and subsequently transported to customers located in another EU Member State, the applicable VAT rules depend on the intrinsic value of the goods determined on the basis of sale from the trader to the final consumer.

(b) Packages with intrinsic value less than €150 – When the intrinsic value of the consignment is less than €150, and the trader has not opted for the IOSS, the importation must take place in the EU Member State where the goods are delivered. In this case, the import is not deemed to occur in France, and no VAT arises in France on the import. If the goods are presented to a customs office in France, the trader must request the external transit customs procedure so that the goods can be released for free circulation in the Member State of destination.

(c) Packages with intrinsic value exceeding €150 – When the intrinsic value of the consignment exceeds €150, and the importation is carried out in France, the trader who makes the sale is liable for the import VAT. In this situation, no other person can be treated as liable for import VAT. The import VAT paid may be deducted under the ordinary conditions, provided that, it is incurred by the trader for purposes of the VAD-BI in another EU Member State.

1.3 Liability for Import VAT Where Goods are Imported into France and Delivered to Customers in France

Where goods are imported into France before being shipped to customers located in France, the transaction involves import VAT liability in France. The person liable for VAT on imports made in France is the end customer or the seller, depending on the case.

(a) When the customer/consignee is liable – Consignee is liable for import VAT when the following conditions are cumulatively met:

• The item is located in France at the time of arrival of the shipment or transport destined for the purchaser
• Sales are not facilitated by an electronic interface
• Seller has not opted for IOSS
• The tax base for the tax due on imports is equal to that which would be determined for distance selling if it were located in France.

In this case, the trader is not liable for import VAT and is not liable for VAT.

(b) When the seller becomes liable – Where the taxable base for imports differs from the taxable base determined for distance selling if it were located in France, the person liable for import VAT is the one making the sale. In this case, the place of sale of imported goods is located in France.

In this situation, the trader becomes liable for import VAT and for the VAT due in France on the distance selling transaction. The trader is required to complete the following formalities:

• Declare and collect the corresponding VAT
• Include VAT registration number in customs declaration requesting the release of the goods for free circulation
• Complete VAT return reporting
• Declaring the amount of VAD-BI on the sales tax return

The VAT collected on imports is deductible under the standard rules.

1.4 Application of Offset Provisions and Requirement to Appoint a Tax Representative

The provisions allowing for the offsetting of VAT amounts already paid to the Treasury against VAT amounts still due are applicable only after an audit initiated by the tax authorities. These provisions cannot be relied upon when completing the sales tax return under standard legal procedures.

Where the trader liable for VAT in France, or required to fulfil reporting obligations, is not established in the EU, the trader must appoint a tax representative. This requirement does not apply where the trader is established in a non-EU Member State with which France has a legal instrument relating to mutual assistance with a scope similar to that provided for by the relevant EU directives and regulations.

Source – Official Clarification

Click Here To Read The Full Article

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Press Release: 2026-2027/149, Dated 27.04.2026

The Reserve Bank of India (RBI) has issued final directions on capital charge for credit risk under the Standardised Approach, replacing the draft framework released on October 7, 2025.

1. Objective of the Revised Framework

The updated directions aim to:

• Enhance robustness and reliability of credit risk assessment
• Introduce greater granularity in risk classification
• Improve risk sensitivity of capital requirements
• Align Indian norms with global Basel III standards

2. Key Features of the Framework

• Incorporates stakeholder feedback received on the draft
• Refines methodologies for:

1. 1. Risk-weight assignment
   2. Exposure categorisation

• Ensures a more accurate reflection of credit risk in capital adequacy

3. Alignment with Global Standards

• The framework is designed in line with Basel III principles
• Promotes:

1. 1. International consistency
   2. Stronger banking system resilience

4. Effective Date

• The directions will come into force from April 1, 2027

5. Regulatory Impact

The revised approach is expected to:

• Strengthen capital adequacy frameworks of banks
• Improve risk management practices
• Enhance financial stability and supervisory effectiveness

6. Conclusion

The final directions represent a significant step towards a more risk-sensitive and globally aligned capital framework, ensuring that banks maintain adequate capital buffers commensurate with their credit risk exposure.

Click Here To Read The Full Press Release

The post RBI Final Basel III Credit Risk Norms from April 2027 appeared first on Taxmann Blog.

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Case Details: Kailas Kalyan Creators (P.) Ltd. vs. ITO [2026] 185 taxmann.com 518 (Ahmedabad-Trib.)

Judiciary and Counsel Details

• Sanjay Garg, Judicial Member & Annapurna Gupta, Accountant Member
• Chetan Agarwal, A.R. for the Appellant.
• Alpesh Parmar, CIT-DR for the Respondent.

Facts of the Case

The assessee was engaged in the business of land development, as well as the buying and selling of land and buildings. During the year under consideration, the assessee sold land and offered Long-Term Capital Gain (LTCG) on the sale. While computing LTCG, the assessee claimed improvement cost as compensation paid to encroachers to obtain vacant possession. The Assessing Officer (AO) disallowed the entire improvement cost, as the assessee failed to furnish complete details of the persons, including their names, PANs, and the nature of payments (cash or bank), etc. Aggrieved by the order, the assessee preferred an appeal to the CIT(A).

The CIT(A) upheld the additions made by the AO. The matter then reached the Ahmedabad Tribunal.

ITAT Held

The Tribunal held that it was an admitted position that the land in question was encroached upon by various encroachers. Even after protracted litigation and various efforts, the assessee was unable to secure the land’s vacating. The assessee had to pay compensation to the said encroachers. The short issue raised before the Tribunal was only relating to the quantum of the amount of compensation paid and the veracity of evidence, such as bills and vouchers, etc., furnished by the assessee to claim the aforesaid compensation.

The CIT-DR stated at the bar that he had thoroughly examined the evidence furnished by the assessee, including the separate agreements entered into with each of the encroachers and also the details of payments made by the assessee to various encroachers, most of which were through the banking channel. He has pointed out that, though some payments were made in cash, they were preceded by an immediate withdrawal from the assessee’s bank account. The DR also did not dispute the justification for the payments made. There was protracted litigation between the AMC, Ahmedabad, and the encroachers to have the land vacated, along with police complaints. There were also newspaper cuttings, and the encroachers had allegedly threatened and filed complaints with the police against the family members and Directors of the assessee company.

Accordingly, the assessee pursued all available legal remedies, including approaching various authorities, both legal and administrative. Despite the orders of the Hon’ble Gujarat High Court in a petition filed by the encroachers against the Municipal Corporation, Ahmedabad, seeking removal of their encroachments on the land, the assessee was unable to remove the encroachers from the land.

The bills and vouchers, and the entire evidence, having been thoroughly examined by the CIT-DR, and there being no dispute about the factum of compensation paid by the assessee to the encroachers, there was no justification for the lower authorities in not allowing the said claim of improvement on account of the payments of compensation to the encroachers.

Therefore, the claim of improvement on account of payments of compensation to encroachers was to be allowed.

The post Compensation to Encroachers Allowed as LTCG Improvement Cost | ITAT appeared first on Taxmann Blog.

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Press Release: 2026-2027/152, Dated 27.04.2026

The Reserve Bank of India (RBI) has issued final directions on reporting instructions for Authorised Dealer (AD) Category-I banks, after considering stakeholder feedback on the draft dated February 16, 2026.

1. Objective of the Directions

The framework aims to:

• Enhance transparency in the foreign exchange (forex) derivatives market
• Strengthen regulatory oversight and data visibility
• Enable better risk monitoring across group structures

2. Mandatory Reporting to CCIL

AD Category-I banks are required to report INR foreign exchange derivative transactions to clearing Corporation of India Ltd. trade repository

3. Scope of Reporting

• Covers INR-based FX derivative transactions
• Includes transactions:

1. 1. Undertaken globally
   2. By related parties of the bank

4. Focus on Group-Level Transparency

The inclusion of related party transactions across jurisdictions ensures:

• A holistic view of exposures
• Better identification of systemic and concentration risks

5. Regulatory Impact

The directions are expected to:

• Improve data aggregation and market intelligence
• Strengthen risk management frameworks
• Align with global practices on trade repository reporting

6. Conclusion

The final directions mark a significant step towards centralised reporting and enhanced transparency in the forex derivatives market, ensuring that RBI has comprehensive visibility over INR-linked exposures across global operations.

Click Here To Read The Full Press Release

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Case Details: Atanu Banerjee vs. Deputy Director of Income-tax (Investigation) - [2026] 185 taxmann.com 533 (Delhi-Trib.)

Judiciary and Counsel Details

• Vimal Kumar, Judicial Member & Ramit Kochar, Accountant Member
• Ms Priyanka Garg, CA for the Appellant.
• S.K. Jadhav, CIT

Facts of the Case

Assessee-individual was resident in India for the relevant assessment year. During the assessment proceedings, the Assessing Officer (AO) noticed that the assessee maintained a foreign bank account in the USA. The assessee furnished the details of the said account and the credits therein, including USD 4,05,000 on account of the sale of a house property situated in the USA.

The said property was purchased in 1999 and sold in 2016, and the assessee claimed that it was acquired during his stay in the USA out of foreign earnings and a mortgage loan. The transaction was disclosed to the US tax authorities, and, on computation under the Income-tax Act, 1961, it resulted in a long-term capital loss. However, the AO treated the amount as unexplained and added it as undisclosed foreign income under the Black Money Act.

The matter reached the Delhi Tribunal.

ITAT Held

The Tribunal held that the assessee was required to substantiate that the asset had not been acquired from an amount chargeable or assessable to income-tax in India at the relevant times. The assessee, being a resident during the relevant assessment year, failed to furnish the necessary evidence to support its contention, viz., status as non-resident when the said house was acquired in 1999, evidence related to sources of making investments in the said house acquired in 1999, and evidence related to his employment in the USA during 1993-2004. The assessee has chosen not to file such evidence before the Tribunal.

It is also contended by the assessee before the Tribunal that he is old and, being very old, and that if some more time is granted to the assessee and, accordingly, if one more opportunity is provided to the assessee, then the assessee will get all the relevant documents to support his contentions. However, it is observed that the assessee has stated that he is more than 70 years of age, suffering from a disease, and is old. The statute, being new albeit stringent, the assessee has contended that one more opportunity be provided to produce the relevant evidence/documents.

Thus, keeping in view of the peculiar facts and circumstances of the case, fairness to both the parties and in the interest of justice, the Tribunal was of the considered view that one more opportunity is required to be provided to the assessee to furnish details/conclusive evidence/explanations w.r.t. sources of investing in the said foreign assets, sources of making repayments of mortgage loans and also to prove its residential status during the previous years in which the payment for acquisition of the said property or repayments of mortgage loans were made. Thus, the assessee’s appeal is allowed for statistical purposes.

List of Cases Referred to

• Chitturi Subanna v. Kudapa Subbanna & Ors AIR 1965 SC 1325 (para 2.2)
• National Thermal Power Co. Ltd. v. CIT [1998] 97 Taxman 358/229 ITR 383 (SC) (para 2.2).

The post ITAT Remands Case for Proof of Foreign Investment Source appeared first on Taxmann Blog.

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Case Details: P.N. Impex vs. State of Maharashtra - [2026] 185 taxmann.com 772 (Bombay)

Judiciary and Counsel Details

• G. S. Kulkarni & Aarti Sathe, JJ.
• Sujit Sahoo & Ms Reeta Sharma for the Petitioner.
• Ms Shruti D. Vyas, Addl. G.P. & Aditya R. Deolekar, AGP for the Respondent.

Facts of the Case

The petitioner challenged the cancellation of its GST registration, contending that the Show Cause Notice (SCN), order-in-original (OIO) and cancellation order were non-speaking, lacked reasons, operated retrospectively. These were in violation of principles of natural justice, thereby impairing its effective opportunity to respond. It submitted that due to such procedural defects, its ability to continue business operations and access the GST portal stood adversely affected and therefore sought quashing of the cancellation order along with restoration of registration and consequential reliefs. During the proceedings, the petitioner reiterated its reliance on procedural fairness requirements under Section 29 read with Section 30 of the CGST Act. The matter was accordingly placed before the High Court.

High Court Held

The High Court held that, in the context of Section 29 and Section 30 of the CGST Act, once the jurisdictional officer withdrew the impugned cancellation order after verifying the legal position, the very basis of the dispute ceased to survive. It further held that Section 29 empowers cancellation of registration only in accordance with due process, and Section 30 contemplates restoration/ revocation subject to prescribed conditions, which stood effectively satisfied in view of withdrawal of the cancellation. The Court observed that continuation of the cancellation would be unjustified when the authorities themselves had accepted the legal infirmities and corrected the position during proceedings. It accordingly directed restoration of GST registration with consequential action, including issuance of an email communication to the petitioner, in a time-bound manner to operationalise the registration under the statutory framework.

List of Cases Referred to

• Asstt. Commissioner (ST) v. Satyam Shivam Papers (P.) Ltd. [2022] 134 taxmann.com 241/90 GST 479/57 GSTL 97 (SC) (para 2)
• Monit Trading (P.) Ltd. v. Union of India [2023] 152 taxmann.com 585/99 GST 33/76 GSTL 34 (Bombay) (para 2)
• Makersburry India (P.) Ltd. v. State of Maharashtra [2023] 155 taxmann.com 542/100 GST 691/79 GSTL 341 (Bombay) (para 2)
• Nirakar Ramchandra Pradhan v. Union of India [2023] 155 taxmann.com 148 (Bombay) (para 2)
• Ahmed Enterprises v. Union of India [2023] 157 taxmann.com 402/[2024] 101 GST 328/80 GSTL 350 (Bombay) (para 2)
• Mahendra Prasad Agarwal v.Arvind Kumar Singh [Civ.Appeal @ SLP© No.17141/2025, dated 10-2-2026] (para 2)
• Kishore Nichani v. Union of India [2026] 183 taxmann.com 78 (Bombay) (para 2).

The post GST Registration Restored After Cancellation Withdrawn | HC appeared first on Taxmann Blog.

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Case Details: MSN Laboratories (P.) Ltd. vs. Additional CIT [2026] 185 taxmann.com 655 (Hyderabad-Trib.)

Judiciary and Counsel Details

• Vijay Pal Rao, Vice President & Manjunatha G., Accountant Member
• M.V. Prasad, CA for the Appellant.
• Dr. Sachin Kumar, Sr. AR for the Respondent.

Facts of the Case

A search under section 132 was conducted in the MSN Group. During the search, the AO found an Excel sheet in the possession of the assessee’s cashier. The said Excel sheet contained date-wise details of sales of spent solvents and scraps. In this regard, the AO contended that the assessee received cash of Rs. 2 lakhs or more in a single transaction. Thus, the AO levied a penalty under section 271DA for the violation of section 269ST.

Aggrieved by the order, the assessee filed an appeal to the CIT(A). The CIT(A) upheld the penalty order. The assessee filed an appeal to the Hyderabad Tribunal.

ITAT Held

The Tribunal held that the Excel sheet did not show any details of each sale made to each buyer on said date. Further, the cash proceeds from the sales of spent solvents recorded in the Excel sheet were not received immediately. Except for the entry appearing on a particular date in excess of Rs. 2 lakhs or more, no tangible and cogent material on record to infer the violation of provisions of section 269ST in the case of the assessee. It is a settled law that the burden of establishing the occurrence of default by the assessee under the relevant provision, which makes the assessee liable for a penalty, is on the Revenue.

In the present case, since the AO has alleged a violation of section 269ST, the onus lies on the Revenue to establish the violation. From the material considered for the levy of penalty under section 271DA, no such evidence is forthcoming from the seized material. No evidence has been brought on record by the AO. Although the JCIT observed that it is for the assessee to discharge the burden by furnishing relevant evidence and proving that the cash received is less than the amount specified under section 269ST, once the AO alleges a violation, it is for the AO to prove the allegation with relevant evidence.

In the present case, admittedly, there is no evidence, such as sales bills or cash receipts, for the sale of unaccounted spent solvents and scraps. The only evidence found is the Excel sheet maintained by the Cashier for the entire group, which contains consolidated details for five companies and various plants/units. Only based on consolidated entries in the Excel sheet can it be alleged that the assessee violated Section 269ST and that a penalty under Section 271DA was imposed.

Therefore, the AO has not conclusively proved the violation of section 269ST to levy a penalty under section 271DA, and the penalty is not sustainable on the merits in the facts and in law.

List of Cases Reviewed

• Pr. CIT v. K Umesh Shetty [2025] 170 taxmann.com 748/303 Taxman 318 (Karnataka) (para 15)
• Pr. CIT v. Rishikesh Buildcon (P.) Ltd. [2023] 147 taxmann.com 220/451 ITR 108 (Delhi) (para 15)
• ITO v. Sireesha Pochareddy [IT Appeal No. 1270 (Hyd) of 2024, dated 12-03-2025] (para 20)
• Sait Bansilal & Rangisetti Veeranna v. CIT [1972] 83 ITR 750 (Andhra Pradesh) (para 26) Followed.
• Grihalakshmi Vision v. Addl. CIT [2015] 63 taxmann.com 196/379 ITR 100 (Kerala) (para 17) Distinguished.

List of Cases Referred to

• Pr. CIT v. Rishikesh Buildcon (P.) Ltd. [2023] 147 taxmann.com 220/451 ITR 108 (Delhi) (para 10)
• Pr. CIT v. K Umesh Shetty [2025] 170 taxmann.com 748/303 Taxman 318 (Karnataka) (para 10)
• ITO v. Sireesha Pochareddy [IT Appeal No.1270 (Hyd) of 2024, dated 12-03-2025] (para 10)
• Grihalakshmi Vision v. Addl. CIT [2015] 63 taxmann.com 196/379 ITR 100 (Kerala) (para 13)
• Tvl. Chandro Process v. Dy. CIT [2025] 173 taxmann.com 976/[2026] 486 ITR 33 (Madras) (para 14)
• Sri Sai Balaji Gas Cylinder (P.) Ltd. v. Asstt. CIT (OSD) [2023] 155 taxmann.com 319 (Chennai – Trib.) (para 14)
• CIT v. Khoday Eswarsa & Sons [1972] 83 ITR 369 (SC) (para 26)
• Sait Bansilal & Rangisetti Veeranna v. CIT [1972] 83 ITR 750 (Andhra Pradesh) (para 26).

The post Section 271DA Penalty Invalid Without Proof of Section 269ST Violation | ITAT appeared first on Taxmann Blog.

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Editorial Team – [2026] 185 taxmann.com 838 (Article)

1. Introduction

The role of a statutory auditor is fundamental to maintaining the credibility of financial statements and ensuring compliance with legal and regulatory requirements. Auditors are expected to exercise due diligence, apply professional skepticism, and report any material misstatements. However, lapses in professional judgment, inadequate verification of underlying documentation, and disregard of statutory provisions or regulatory guidelines can lead to serious consequences, including findings of professional misconduct. The following discussion examines key regulatory provisions governing professional conduct, the disciplinary consequences arising from non-compliance, and practical case scenarios that illustrate how failures in due diligence, reporting, and adherence to professional standards can result in action under the Chartered Accountants Act, 1949.

2. Relevant Provisions

The following statutory and professional provisions play a crucial role in governing the duties and responsibilities of a Chartered Accountant in practice:

2.1 Chartered Accountants Act, 1949

The Act lays down the framework for regulating the profession of Chartered Accountancy in India and prescribes standards of professional conduct.

(a) Clause (6), Part I, Second Schedule

This clause provides that a Chartered Accountant shall be deemed guilty of professional misconduct if he fails to report a material misstatement known to him in a financial statement with which he is concerned in a professional capacity.

It emphasizes the auditor’s obligation to ensure that financial statements present a true and fair view and that any significant misrepresentation, whether arising from fraud or error, must be properly disclosed in the audit report.

(b) Clause (7), Part I, Second Schedule

This clause addresses failure to exercise due diligence or gross negligence in the performance of professional duties. It requires auditors to apply reasonable care, skill, and professional skepticism while performing audit procedures, including verification of transactions, examination of supporting documents, and ensuring compliance with applicable laws. Any lapse in these duties, even without intent, may attract liability under this provision.

2.2 Companies Act, 2013

This Act governs corporate functioning and compliance requirements for companies in India.

(a) Section 62 – Further Issue of Share Capital

Section 62 governs the process by which a company issues additional share capital. It mandates that:

• Shares must first be offered to existing shareholders (rights issue) in proportion to their existing holdings.
• Such offer must be made through a notice specifying the number of shares offered and the time period for acceptance.
• Any allotment of shares requires clear consent or acceptance from the concerned shareholder.

Non-compliance with this provision renders the allotment invalid and may lead to legal consequences. The auditor is expected to verify that such procedures have been duly followed and supported by proper documentation.

Click Here To Read The Full Article

The post [Opinion] Audit Lapses and Professional Misconduct Under CA Act appeared first on Taxmann Blog.

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Case Details: The Coimbatore Branch of Indian Medical Association, In re - [2026] 185 taxmann.com 479 (AAR-TAMILNADU)

Judiciary and Counsel Details

• C. Thiyagarajan & B. Suseel Kumar, Member

Facts of the Case

The applicant sought an advance ruling on whether its activities of collecting subscription from members, conducting seminars, workshops, and providing related facilities would constitute ‘business’ and ‘supply’ under GST. It was submitted that although its primary objective included conducting health camps for economically weaker sections of society and organising educational programmes for medical professionals, such activities were carried out for mutual benefit and professional development, and therefore ought not to be treated as taxable supplies. It further contended that the principle of mutuality applied to member-related transactions and accordingly excluded such activities from GST levy. The matter was accordingly placed before the Authority for Advance Ruling (AAR).

AAR Held

The AAR held that under the Section 2(17)(e) of the CGST Act, the provision of facilities or benefits by an association to its members for subscription or other consideration constitutes ‘business’ and therefore the applicant’s activities fall within its ambit. It further held that under Section 7(1)(aa) of the CGST Act, read with its explanation deeming a body and its members as distinct persons notwithstanding any other law or judicial principle, transactions between an association and its members constitute ‘supply’ under GST. The Authority observed that collection of subscription and organisation of seminars and workshops for members clearly involved consideration and fell within the statutory definition of supply. It accordingly ruled that such activities are taxable under GST.

List of Cases Referred to

• Madras Gymkhana Club Employees Union v. Management of the Gymkhana Club 1967 taxmann.com 49 (SC) (para 2.2)
• Cricket Club of India Ltd. v. Bombay Labour Union [1969] 1968 taxmann.com 146 (SC) (para 2.2)
• Joint Commercial Tax Officer v. Young Men’s Indian Association 1970 taxmann.com 192 (SC) (para 2.2)
• Ranchi Club Ltd. v. Chief CCE & ST [2012] 22 taxmann.com 217/26 STR 401/36 STT 64 (Jharkhand) (para 2.2)
• Indian Medical Association v. UOI [2024] 164 taxmann.com 626/105 GST 445/88 GSTL 258 (Kerala) (para 5.5).

The post Member Subscriptions and Seminars Taxable as Business | AAR appeared first on Taxmann Blog.

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