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Income Tax 11 October 2026

India Tax Updates: Refunds, IGST, Courts, and Export Quotas

Indian tax updates this week cover a Delhi High Court denial of a ₹1 crore refund claim, new IGST demands on Dreamfolks Services and Biocon, and a Bombay HC order to clear Kurla railway encroachments. Experts compare GIFT City fund rules with direct overseas investing, the DGFT allocates a 5,841‑tonne sugar quota to the EU, and reforms to IGST place‑of‑supply for export services and Section 16(2)(c) interpretations are discussed.
  • GIFT City funds vs direct overseas investment: Experts outline tax costs, refund rules, and risks for Indian investors. Read more
  • ₹1 crore tax refund denied: Delhi High Court rejects a partnership firm’s plea to reclaim tax paid on a partner’s dues. Details
  • Kurla railway encroachments cleared: Bombay HC orders 30‑day notices and rehabilitation measures for safety. Full story
  • Sugar export quota to EU: DGFT assigns 5,841 MT under the TRQ scheme for 2026‑27. Source
  • IGST place‑of‑supply reform: Proposed amendment impacts export services’ tax treatment. Read article
  • Quality Power notice correction: Company amends VWAP and share count for upcoming EGM. Info
  • Dreamfolks IGST demand: ₹1.58 crore demand over ITC claimed on cancelled supplier invoices. Report
  • Section 16(2)(c) ruling: Supplier default alone cannot prove purchaser fraud under the law. Analysis
  • ITAT remand: Ex‑parte appeal sent back for fresh adjudication after procedural lapses. Details
  • Biocon GST notice: Tax authorities issue demand of over ₹3.2 crore, including interest and penalty. Coverage

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India Tax Updates: Refunds, IGST, Courts, and Export Quotas | Legal Suvidha