EaseValueITAT Delay Condonation 2026: SC Ruling on Independent Merit Decision
The Supreme Court has just clarified that ITAT (Income Tax Appellate Tribunal) must decide delay-condonation applications purely on merit, without being influenced by any earlier High Court observations. This is a crucial ruling for taxpayers with pending appeals in September 2026.
Section 144B Procedure Mandatory 2025-26 | Bombay HC Quashes Assessment
In a significant ruling from September 2026, Bombay High Court has quashed an assessment order for failure to follow the mandatory Section 144B procedure. This sets a critical precedent for all eligible assessees and the Income Tax Department.
RBI VRRR Auction September 2026 - Impact on Taxpayers
The RBI has announced a Variable Rate Reverse Repo (VRRR) auction for September 29, 2026, to manage liquidity conditions. This monetary policy action has significant implications for businesses and individual taxpayers managing cash flow and investment decisions during AY 2026-27.
InvIT REIT Valuation Rules 2026 — RBI New Directions Impact
The RBI has issued fresh Amendment Directions in September 2026 clarifying how Local Area Banks must value Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) units. This impacts taxation of these investments for financial institutions and individual investors holding such securities.
Section 69A Addition Deleted 2026 | Cash Deposits Business Turnover ITAT
In a significant ruling from September 2026, the Chennai Income Tax Appellate Tribunal (ITAT) has deleted a Rs.14.83 lakh addition under Section 69A of the Income Tax Act 2025, holding that cash deposits related to accepted business turnover cannot be arbitrarily separated without credible evidence.
Government Securities OMO Sale Sep 2026 – Tax Implications for Investors
The RBI conducted an Open Market Operation (OMO) on Sep 28, 2026, to auction ₹25,000 crore of Government of India securities across six different maturity dates. This is a critical update for investors holding or planning to purchase these securities, as it impacts capital gains taxation and interest income reporting for AY 2026-27.
OMO Sale Auction Sep 2026: Income Tax Impact on Government Securities
RBI conducted an Open Market Operation (OMO) sale auction on September 28, 2026, accepting ₹25,000 crore in government securities across six different maturity buckets. This recent update clarifies the income tax treatment and reporting obligations for individual and corporate investors participating in these auctions.
RBI InvIT REIT Valuation Rules 2026 - Impact on Tax
The Reserve Bank of India issued new valuation guidelines for Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) units held by Small Finance Banks in September 2026. This impacts how investment income is reported and taxed for financial institutions.
SEBI Pre-Open Auction Reforms 2026 | Price Discovery Changes
SEBI has announced significant reforms to improve price discovery in pre-open auctions for IPO and re-listed securities as of September 2026. This update affects investors, market participants, and businesses planning capital market activities.
PCIT Cannot Revise Bogus Purchase Addition 2026 | ITAT Delhi Ruling
In a significant ruling from September 2026, ITAT Delhi has held that the Principal Commissioner of Income Tax (PCIT) cannot revise assessments under Section 263 of the Income Tax Act 2025 when two reasonable views on bogus purchase disallowance are possible. This judgment provides crucial relief to assesses facing arbitrary enhancement of bogus purchase additions.
Government Securities Issuance Calendar Oct 2026-Mar 2027 | Tax Impact
The Reserve Bank of India has released the issuance calendar for Government of India dated securities for October 2026 to March 2027, totaling ₹7,86,000 crore. This update is crucial for institutional and retail investors planning their investment strategy and understanding the tax treatment of government securities under the Income Tax Act 2025.
InvIT REIT Valuation Rules 2026: Income Tax Impact for Investors
The Reserve Bank of India has issued new valuation directions for Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) effective September 22, 2026. This directly impacts how financial institutions report investment values for income tax purposes.
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