EaseValueITAT Hearing Notice Non-Service: Delhi HC Sets Aside Order 2026
In a landmark ruling, Delhi High Court has set aside an ITAT ex-parte order against Airports Authority of India, holding that non-service of hearing notice caused manifest failure of justice. This August 2026 judgment clarifies crucial procedural rights for taxpayers under ITAT Rules.
Delhi HC Stays Section 148 Reassessment 2025-26 | Material Not Supplied
Delhi HC has stayed reassessment proceedings under Section 148 after the petitioner proved that material relied upon by the Assessing Officer was not supplied with the reassessment notice. This recent ruling protects taxpayers' procedural rights in reassessment cases for AY 2025-26.
Mumbai ITAT Search Appeals 153A 153D 2026 - CIT(A) Review
In a significant recent ruling, Mumbai ITAT has restored 19 search appeals back to CIT(A) for detailed examination of incriminating material, Section 153D approval requirements, and Section 153B limitation period issues. This decision impacts how search assessment proceedings are handled under Income Tax Act 2025.
Pune ITAT 2026: Reassessment Quashed Beyond 3 Years | ₹65.20 Lakh Addition Deleted
In a significant ruling from August 2026, Pune ITAT has quashed a reassessment initiated beyond 3 years, deleting a ₹65.20 lakh addition after finding the relevant-year payment below the ₹50 lakh escapement threshold. This is a major relief for taxpayers facing illegal reopenings.
RBI Penalty on IndusInd Bank 2026 - Compliance Lessons for Taxpayers
The Reserve Bank of India has imposed a monetary penalty of ₹59.20 lakh on IndusInd Bank Limited for regulatory non-compliance on interest rate deposits and securitisation activities. This recent enforcement action highlights critical compliance gaps that all financial institutions and businesses must understand.
RBI Penalty on Northern Arc Capital 2026 - Compliance & Tax Impact
The RBI has imposed a monetary penalty of ₹6.20 lakh on Northern Arc Capital Limited for failing to comply with RBI directions on financial disclosures and internal ombudsman procedures. This recent enforcement action highlights critical compliance obligations for regulated financial entities.
CBDT Relief TDS Demand Inoperative PAN Section 206AA 2025-26
The Central Board of Direct Taxes (CBDT) has issued Circular No. 9/2025 providing significant relief to taxpayers facing higher TDS demands due to inoperative PAN status. This recent update directly impacts your tax deduction responsibilities in Assessment Year 2025-26.
RBI Penalty on Fusion Finance 2026 - KYC Compliance Impact
The RBI has imposed a monetary penalty of ₹2.70 lakh on Fusion Finance Limited for failing to maintain periodic review of risk categorisation of customer accounts as per KYC directions. This recent enforcement action highlights critical compliance gaps that financial services companies must address immediately.
State Government Securities Auction Aug 2026 — Tax Benefits for Investors
State Governments are auctioning ₹20,200 Crore of Government Securities on August 18, 2026. Individual investors need to understand the income tax treatment of interest income and capital gains from these securities.
RBI Recovery Agents Rules 2026 - Rural Bank Loan Recovery Guidelines
The Reserve Bank of India has issued comprehensive Fourth Amendment Directions in August 2026 governing how Regional Rural Banks must conduct loan recovery operations. These new rules, effective January 1, 2027, introduce strict borrower protection measures, mandatory training for recovery agents, and penalties for harsh recovery practices.
SEBI OBPP Framework 2026: IFSCA Products & 54EC Bonds Permitted
SEBI has modified the Overseas Bond Portfolio Permission (OBPP) framework effective immediately in August 2026 to permit IFSCA products and 54EC bonds with new disclosure and compliance officer requirements. This update impacts residents investing abroad and capital gains reinvestment strategies under Section 54EC of the Income Tax Act 2025.
ITAT Mumbai 12AB Renewal 2026: Charitable Hospital Trust Registration Restored
In a significant August 2026 ruling, ITAT Mumbai has restored the 12AB registration and 80G charitable status of a medical relief foundation, quashing the retrospective cancellation. This landmark judgement clarifies that premium healthcare services and foreign medical expenditure do not automatically disqualify a hospital trust from charitable status under the Income Tax Act 2025.
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