EaseValueITAT Mumbai 12AB & 80G Registration Conditions Deleted 2026
In a significant ruling dated August 2026, ITAT Mumbai has deleted conditional restrictions imposed by CIT(E) on Section 12AB registration and Section 80G approval. This judgment clarifies that NGO registration cannot be made contingent on external litigation outcomes.
RBI Forex Swap Facility 2026: FCNR(B), ECB, OFCB Tax Impact
RBI introduced a special USD-INR Forex Swap facility on June 8, 2026, attracting ₹72,848 million in forex inflows till August 21, 2026. Understanding the Income Tax implications for NRI deposits, external borrowings, and interest income is critical for taxpayers in Assessment Year 2026-27.
Chhattisgarh HC Anticipatory Bail GST E-Way Bill 2026 | EaseValue
In a significant August 2026 ruling, Chhattisgarh High Court granted anticipatory bail to a scrap trader in a case involving GST e-way bill violations and BNS offences. This judgment offers critical lessons for businesses handling high-value goods transportation under GST law.
Bombay HC Quashes Reassessment 2026 – Unsigned Section 151 Approval Invalid
In a landmark August 2026 ruling, Bombay High Court has quashed reassessment proceedings for AY 2017-18, holding that unsigned Section 151 approval is invalid under Section 282A(1) of the Income Tax Act. This is critical protection for taxpayers facing procedural violations.
Treasury Bills Auction August 2026 - Income Tax & TDS Implications
Reserve Bank of India has announced the auction of 91-Day, 182-Day and 364-Day Treasury Bills on August 27, 2026. This recent update explains the income tax and TDS implications for individual investors in AY 2026-27.
UAPA Section 51A: Terrorist Sanctions List Update August 2026
The Reserve Bank of India has issued an urgent update on August 18, 2026 regarding implementation of Section 51A of the Unlawful Activities Prevention Act (UAPA), 1967. All regulated financial entities must immediately cross-check their customer accounts against the updated United Nations Security Council sanctions list to ensure strict compliance and avoid serious legal consequences.
Bad Debt Deduction Co-operative Bank ITAT 2026 - Income Tax Ruling
In a significant August 2026 ruling, ITAT Hyderabad has allowed a co-operative bank to claim bad debt deduction despite state government guarantee backing the loans. This is a recent update that clarifies deduction rights for financial institutions.
SC Dismisses Section 263 Challenge 2026 - AO Inquiry Rules
In a significant August 2026 ruling, the Supreme Court has dismissed a Section 263 challenge, holding that the Assessing Officer had indeed conducted proper inquiry and verification of bank accounts. This clarifies an important protection for taxpayers against arbitrary reopening of assessments.
RBI VRRR Auction August 2026 - Impact on Taxpayers & Businesses
The RBI has announced a 7-day Variable Rate Reverse Repo (VRRR) auction on August 24, 2026, injecting ₹2,50,000 crore into the banking system. This liquidity management move affects interest income taxation and cash flow planning for businesses and individual taxpayers in AY 2026-27.
State Government Securities Auction 2026: Tax Benefits for Individual Investors
The Reserve Bank of India has announced a major State Government Securities (SGS) auction worth ₹20,100 crore across seven states on August 25, 2026. Individual investors can now understand the critical Income Tax implications, interest income treatment, and tax-exempt benefits available under the Income Tax Act 2025.
GST Seizure Perishable Goods 2026: Calcutta HC Section 129(1)(b) Relief
In a landmark August 2026 ruling, Calcutta High Court has permitted non-owners of seized perishable goods to seek release under Section 129(1)(b) of the GST law, setting aside auction directions. This is a major relief for businesses dealing with time-sensitive commodities.
Section 68 Addition Wrong Year Delhi HC 2026 | Income Tax Ruling
In a landmark ruling from August 2026, Delhi High Court has deleted a ₹10-crore Section 68 addition, establishing that cash credits received in one financial year cannot be reassessed as unexplained income in a completely different assessment year. This is crucial for taxpayers facing legacy tax demands.
Have a tax question? Our CA will reply within 30 mins.
💬 Ask on WhatsApp