EaseValueKarnataka HC GST Appeal Restored 2026 | Delayed Filing Rules
In a significant September 2026 ruling, the Karnataka High Court has restored a delayed GST appeal and quashed garnishee action where the original order was not properly uploaded in the system. This landmark decision provides relief to taxpayers facing procedural delays.
ITAT Hyderabad IL&FS Tax Appeals Dismissed 2026 | NCLAT Stay
In a significant development on 15 September 2026, ITAT Hyderabad has dismissed 14 tax appeals filed by IL&FS due to an ongoing NCLAT restraint order. This ruling highlights the intersection between insolvency proceedings and tax litigation—a critical issue for businesses caught in similar situations.
CBDT Approves IIT Roorkee Scientific Research Section 45 2026
In a significant move, the Central Board of Direct Taxes (CBDT) has approved IIT Roorkee for scientific research activities under Section 45 of the Income-tax Act, 2025. This approval covers assessment years 2026-27 to 2030-31, providing tax exemption benefits to the institution for five years.
India BoP July 2026: Tax Impact on NRI & Foreign Investment
India's Balance of Payments data for July 2026 reveals significant movements in NRI deposits, foreign investments, and cross-border transactions. This recent update has direct tax implications for NRI assessees, foreign companies investing in India, and Indian exporters.
SC Drops Rs 363 Cr GST Demand Vodafone Idea 2026 Post-Merger
In a landmark September 2026 ruling, the Supreme Court has dismissed the Union's appeal and dropped a Rs. 363 crore GST demand against Vodafone Mobile Services Ltd. following its merger, holding that Section 87 of the CGST Act does not apply in such cases. This is a major win for telecom businesses undergoing corporate restructuring.
Delhi HC IGST Refund Order 2026 | Withheld GST Refund Decision
In a significant September 2026 ruling, Delhi High Court has directed authorities to issue a final decision on a withheld IGST refund within one week, with accountability measures for the DGARM chief. This landmark judgment impacts all GST refund claimants facing delays and withheld amounts.
Redevelopment PAA Tenancy Rights ITAT 2026 | Income Tax Ruling
This is a recent September 2026 ITAT Mumbai ruling that provides significant relief to property owners. The tribunal held that redevelopment PAA (possession after amendment) received against surrender of tenancy rights was not without consideration, deleting a Rs.33.41 lakh addition under Section 56(2)(vii)(b).
Government Stock Auction Results 2026 - Tax Implications for Investors
The recent government stock auction results (September 2026) show strong investor participation across three securities. Here's what taxpayers and investors need to know about tax treatment of government securities income.
RBI FAQs on ARCs 2026 | NBFC Rules & Stressed Assets Guide
RBI has released comprehensive FAQs on Asset Reconstruction Companies (ARCs) in September 2026, clarifying their NBFC status, permissible activities, and operational requirements. This update is critical for banks, financial institutions, and investors dealing with stressed assets and security receipts.
GST Recovery Barred Until 2026 | Madras HC | EaseValue Jaipur
This is a recent September 2026 update: Madras High Court has barred GST recovery proceedings and granted relief to taxpayers, allowing them time to pursue appeals before the GST Appellate Tribunal (GSTAT) without immediate recovery action. This is significant for businesses facing demand notices.
Section 69A Addition Deleted by ITAT Delhi 2026 | Loan Repayment
In a significant ruling for AY 2026-27, ITAT Delhi has deleted a Section 69A addition where the assessee had taken a loan earlier and repaid it through proper banking channels. This recent judgment clarifies that the Income Tax Department cannot make arbitrary additions when clear documentary evidence of legitimate loan transactions exists.
RBI Extends Banking Regulation Directive 2026 – Tax Impact
The Reserve Bank of India has extended operational directives for Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd. until December 16, 2026. This extension affects deposit holders and creditors under Income Tax Act 2025 provisions related to bad debts and financial losses.
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