EaseValueForm 10AB Wrong AY 2026: ITAT Ruling on 80G Approval Reconsideration
In a significant September 2026 ruling, ITAT Pune has directed CIT(E) to reconsider an 80G approval application where the assessee inadvertently selected the wrong Assessment Year in Form 10AB but corrected it promptly. This decision clarifies procedural compliance standards for charitable organisations.
Delhi ITAT 80G Charity Ruling 2026 | Golf Sponsorship Tax Exemption
In a significant September 2026 ruling, Delhi ITAT has restored charitable status and 80G exemption to Women's Golf Association of India, holding that sponsorship receipts and modest surplus do not automatically make a charity commercial. This landmark decision clarifies the 20% test under Section 2(15) of the Income Tax Act 2025.
RBI Penalty on Sammaan Finserve 2026 - CRILC Compliance Rules
The RBI has imposed a ₹4.20 lakh monetary penalty on Sammaan Finserve Limited in September 2026 for failing to report credit information to CRILC. This recent enforcement action highlights critical compliance obligations for financial institutions under RBI regulations.
RBI Penalty on Equifax 2026 - Credit Information Compliance
The Reserve Bank of India has imposed a monetary penalty of ₹1,19,400 on Equifax Credit Information Services Private Limited for failing to credit compensation amounts to eligible complainants within prescribed timelines. This is a recent regulatory enforcement action highlighting the importance of compliance with RBI directions on customer compensation.
GST Default Cannot Trigger BNS Prosecution 2025-26 | Allahabad HC
In a landmark September 2026 ruling, Allahabad High Court has quashed Section 316(5) BNS prosecution for GST/TDS deposit defaults, holding that GST law governs such cases and criminal prosecution requires a distinct criminal offence. This is critical protection for businesses.
GST Section 74 Order Without Email Reply Violates Natural Justice 2026
In a landmark September 2026 ruling, Allahabad High Court has held that GST adjudicating authorities must consider replies sent via email before passing Section 74 orders. This protects taxpayer rights and ensures natural justice compliance.
TOLA Cannot Save Belated Reassessment AY 2015-16 Gujarat HC 2026
This is a CURRENT update from September 2026. Gujarat High Court has rejected the Tax Office's Late Opening of Assessment (TOLA) doctrine to revive belated reassessment notices for AY 2015-16, protecting taxpayers' rights under the statute of limitations.
Government Securities Auction Sept 2026: Tax Impact for Primary Dealers
The Government of India has announced a major underwriting auction of ₹32,000 crore in Government Securities scheduled for September 4, 2026. Primary Dealers participating in this auction need to understand the income tax implications of underwriting commissions earned.
GST Composition Scheme: GSTAT Grants Tax Benefit After Turnover Breach 2026
In a significant September 2026 ruling, GSTAT has modified the composition scheme demand and granted Rule 35 cum-tax benefit to dealers who breach the turnover threshold. This recent judgment offers relief to composition dealers and requires recomputation of tax, interest, and penalty.
No TDS on Overseas Reinsurance Premium 2026 - ITAT Mumbai Ruling
ITAT Mumbai has delivered significant relief to insurance companies by holding that overseas reinsurance premium payments are not subject to TDS under Section 201 of the Income Tax Act 2025. This September 2026 ruling clarifies tax treatment for cross-border reinsurance transactions.
RBI VRRR Auction Sep 2026 - Impact on Income Tax & Investment
The RBI conducted its second overnight Variable Rate Reverse Repo (VRRR) auction on September 03, 2026, accepting ₹34,652 crore at a cut-off rate of 5.24%. This monetary policy tool has indirect but important implications for taxpayers managing investments and income tax planning in AY 2026-27.
Government Securities Buyback Auction 2026 — Tax Impact for Investors
The RBI's recent government securities buyback auction in September 2026 saw zero acceptance despite ₹3,109 crore in offers. Here's what this means for your investment taxation and compliance.
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