EaseValueCBDT Section 11 Notification Odisha JEE Committee 2026-27
The Central Board of Direct Taxes (CBDT) has issued Notification No. 110/2026 granting Section 11 exemption status to Odisha Joint Entrance Examination Committee for Assessment Years 2026-27 through 2029-30. This recognition enables the organization to claim exemption on specified income and offers significant tax relief for educational advancement activities.
ITAT Depreciation Slump Sale Intangibles 2026 | Interest Deduction
ITAT Ahmedabad has delivered a significant ruling in August 2026 allowing depreciation on intangible assets acquired in slump sales and permitting interest deduction under Section 36(1)(iii). This decision directly impacts how businesses can claim tax benefits on asset acquisitions.
RBI Urban Co-operative Banks Licensing 2026 - Tax & Compliance Impact
The RBI has opened public consultation on draft guidelines for 'on tap' licensing of Urban Co-operative Banks in August 2026. This regulatory change impacts tax compliance for financial institutions, depositors, and cooperative entities across India.
Bombay HC Quashes GST Show Cause Notice 2026 - Section 73 Time Gap Ruling
In a significant ruling (August 2026), Bombay High Court has quashed a GST show cause notice and adjudication order, reinforcing that the mandatory three-month gap under Section 73 CGST Act must be strictly followed. This is a major win for GST taxpayers facing improper notice procedures.
SC Section 80P Deduction: State Cooperative Agricultural Bank 2026
In a landmark August 2026 ruling, the Supreme Court clarified that State Cooperative Agricultural Banks qualify for Section 80P deduction under the Income Tax Act 2025. This decision provides significant tax relief for cooperative banking institutions.
Section 10(10B) BSNL VRS Compensation Exempt - ITAT Pune 2026
In a significant ruling from August 2026, ITAT Pune has allowed tax exemption under Section 10(10B) for BSNL VRS compensation. This recent judgement clarifies that retrenchment compensation qualifies for complete tax relief.
RBI Digital Payment Security Directions 2026 - Banks Compliance Rules
The Reserve Bank of India has issued comprehensive Digital Payment Security Controls Directions effective July 31, 2026, mandating strict security protocols for all digital payment services offered by commercial banks. This significantly impacts how banks handle authentication, fraud management, and customer data protection.
GST Refund Pendency 2026: Government Measures for Exporters & MSMEs
The Government has announced major GST refund relief measures in August 2026, including automated export refunds, delayed refund interest, and provisional refund facility. This update is crucial for exporters and MSMEs facing refund backlogs.
5% GST on Assistive Devices & Tax Benefits for PWDs 2026
In August 2026, the Government has announced a concessional 5% GST rate on specified assistive devices for Persons with Disabilities (PWDs), along with enhanced Income Tax benefits. This update clarifies the tax treatment and compliance requirements for PWDs purchasing medical aids and assistive equipment.
CBDT Section 11 Notification District Legal Services Authority 2026-27
In August 2026, CBDT has issued a critical notification bringing District Legal Services Authority, Charkhi Dadri under Section 11 of the Income-tax Act, 2025. This exemption applies to specified income for Assessment Year 2026-27, affecting how these authorities report taxable income.
Tax Relief Claims Fraud Detection 2026 - CBDT Measures
This August 2026 update reveals government's crackdown on fraudulent tax relief claims through CBDT data analytics, NUDGE campaigns, and inter-agency coordination. Understand what this means for your tax compliance and relief applications.
Bombay HC Quashes Section 148 Reassessment 2026 - Property Deed Relief
In a significant ruling from August 2026, Bombay High Court quashed a Section 148 reassessment notice after the assessing officer ignored a registered property sale deed. This judgment provides crucial relief to taxpayers whose income is wrongly attributed in reassessment proceedings.
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