EaseValueCalcutta 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.
ITAT 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.
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