EaseValueSection 254(2) ITAT Rectification vs Review 2025-26 Guide
Recent ITAT ruling clarifies that Section 254(2) rectification powers are strictly limited to correcting apparent mistakes—not conducting a full review of orders. This August 2026 update explains the critical distinction and what it means for your tax litigation strategy.
UAPA Section 51A: UNSC Sanctions List Update August 2026 Impact
The recent August 2026 amendment to the UNSC's 1267/1989 ISIL & Al-Qaida Sanctions List under Section 51A of UAPA has critical implications for Indian taxpayers and financial compliance. This update clarifies freezing of assets and reporting obligations.
SEBI Prosecution Rights Upheld 2026: Bombay HC Front-Running Ruling
A recent Bombay High Court judgment (August 2026) has reaffirmed that only SEBI possesses the authority to prosecute front-running violations, citing Section 26 of securities law. This ruling clarifies enforcement jurisdiction and impacts how securities violations are handled in India.
Telangana HC GST Revocation 2026: Fresh Application Allowed Without Notice
In a significant August 2026 ruling, Telangana High Court has allowed a taxpayer to file a fresh GST revocation application even after their registration was cancelled for six months of non-filing of returns. This judgment gives hope to businesses who lost their GST status due to procedural lapses.
ITAT Bangalore TP Benchmarking Ruling 2026 - Infosys Excluded
In a significant August 2026 ruling, Bangalore ITAT has excluded Infosys and three comparable companies from Transfer Pricing benchmarking analysis, directing a fresh TP study. The tribunal also permitted working capital adjustments and granted Section 10A deduction benefits on enhanced profits.
RBI Reverse Repo Auction August 2026 - Impact on Taxpayers
The RBI has announced a Variable Rate Reverse Repo (VRRR) auction for August 18, 2026, injecting ₹1,50,000 crore into the banking system. This monetary policy move has indirect but important implications for taxpayers, investors, and businesses managing their finances under Income Tax Act 2025.
Calcutta Stock Exchange Exit 2026: Tax & Legal Impact for Investors
The Calcutta Stock Exchange has requested SEBI to hold its exit application, with no final decision yet. This development has direct tax implications for investors and listed entities that need immediate attention.
SEBI Digital KYC for NRIs & Foreign Nationals 2026 - Tax Impact
SEBI has proposed simplified digital KYC procedures enabling NRIs, OCIs, and foreign nationals to open investment accounts online from outside India. This August 2026 update impacts Income Tax compliance and investment reporting for overseas Indians.
Section 14A Disallowance Rejected 2026 ITAT Jaipur Ruling
In a significant August 2026 ruling, Jaipur ITAT has deleted Section 14A, 35D and 37(1) disallowances, allowing socio-economic expenses and share capital amortisation. This is a major win for taxpayers challenging investment-linked expense disallowances.
Government Securities Auction 2026 | Tax Implications for Investors
The Government of India has conducted conversion/switch auctions of securities in August 2026. This creates important tax implications for individual and institutional investors on capital gains, TDS applicability, and reporting requirements.
SEBI Settlement Regulations 2026: What Taxpayers Must Know
SEBI has proposed new Settlement Regulations 2026 to streamline dispute resolution with simpler processes and reduced settlement amounts. This August 2026 update impacts how businesses resolve regulatory violations with lower financial burden.
GST Service Under Section 169: Portal Upload Not Sufficient 2026
In a significant August 2026 ruling, the Punjab & Haryana High Court has held that merely uploading a Show Cause Notice (SCN) or order on the GST portal is insufficient to constitute proper service under Sections 169 and 146. This decision impacts how GST authorities must serve notices to registered dealers.
Have a tax question? Our CA will reply within 30 mins.
💬 Ask on WhatsApp