EaseValueGST Input Credit Denial 2026 | Buyer Liability When Seller Defaults
A critical September 2026 GST development reveals why the tax department holds bona fide buyers responsible when sellers default on tax deposits. This analysis covers Sections 16(2)(c) and 76 of the CGST Act and your protection rights.
Section 12AB Renewal 2025-26: Non-Registration Cannot Defeat ITAT Ruling
In a significant ruling (September 2026), ITAT Jodhpur has held that the Income Tax Department cannot reject a Section 12AB renewal application merely on the ground of non-registration under the Rajasthan Public Trust Act. The tribunal has directed a fresh examination, emphasizing that Section 77 exemption eligibility must be independently evaluated.
FAST-DS 2026 Scheme: Foreign Assets Disclosure for Small Taxpayers
The Government has introduced the Foreign Assets of Small Taxpayers Disclosure Scheme 2026 (FAST-DS 2026) as a recent update in September 2026. This scheme allows eligible small taxpayers to voluntarily disclose undisclosed foreign assets with immunity from penalty and prosecution.
SGB Premature Redemption Price September 2026 - ₹15,334 per unit
The Government of India has announced the redemption price for premature redemption of Sovereign Gold Bonds (SGB 2021-22 Series VI) on September 07, 2026 at ₹15,334 per unit. This is a critical update for SGB investors regarding capital gains tax treatment and redemption mechanics.
InvIT Auditor Tenure 2026: SEBI 5-Year Rule Explained
SEBI Regulation 10(6) mandates a fixed five-year tenure for InvIT auditors following the 2023 amendment, removing flexibility for shorter initial terms. This recent update affects all Infrastructure Investment Trusts operating in India during AY 2026-27.
Section 28 Interest Land Compensation ITAT 2026 - ₹14.26L Addition Deleted
In a landmark September 2026 ruling, Mumbai ITAT has held that interest received under Section 28 of the Land Acquisition Act on enhanced compensation for land acquisition forms part of the enhanced compensation itself. The tribunal deleted a ₹14.26-lakh addition that was made under Sections 56(2)(viii) and 57(iv) of the Income Tax Act 2025, providing significant relief to land acquisition claimants.
ITAT New Tax Regime 115BAC Benefit 2026 | E-Verification Delay
In a significant September 2026 ruling, ITAT has held that delayed e-verification of income tax returns is merely a procedural lapse and should not deny taxpayers the New Tax Regime (Section 115BAC) benefit, provided the return was filed before the due date. This is a major relief for thousands of taxpayers.
State Government Securities Auction 2026: Tax Implications for Individual Investors
The Reserve Bank of India has announced a major auction of State Government Securities worth ₹16,900 crore across 8 states on September 8, 2026. Individual investors can participate through competitive and non-competitive bidding, but must understand the income tax implications and GST treatment of interest earned.
Kerala HC Quashes ITC Denial 2025-26 | Section 16(5) CGST Act
In a significant September 2026 ruling, the Kerala High Court has quashed the denial of Input Tax Credit (ITC) and directed tax authorities to reconsider the claim under Section 16(5) of the CGST Act. This landmark judgment provides relief to businesses facing ITC disputes from the early GST period.
Investigation Wing Tip-Off Cannot Replace AO's Independent Inquiry 2025
In a significant September 2026 ruling, ITAT Mumbai has clarified that Assessment Officers cannot base reassessment solely on Investigation Wing information without conducting independent inquiry. This is a major protection for taxpayers facing NMCE reassessment.
Residential Status UAE Corporate Tax 2026 - Income Tax Guide
September 2026 brings critical clarity on how Indian tax residents are treated under UAE corporate tax rules. This update explains residential status, permanent establishment, and DTAA implications that directly affect NRIs and Indian companies with UAE operations.
RBI Penalty on Hinduja Leyland Finance 2026 - Microfinance Compliance
The RBI has imposed a ₹6.20 lakh monetary penalty on Hinduja Leyland Finance Limited in September 2026 for failing to comply with RBI directions on microfinance loan pricing and securitisation. This regulatory action highlights critical compliance requirements for NBFCs handling microfinance portfolios.
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