Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Reserve Bank of India mandates exporters to file Export Declaration Forms with designated banks starting October 1, 2026, to strengthen forex oversight and trade reporting.
The ITAT has deleted an addition of Rs. 1.66 crore made by the AO on allegedly disproportionate adat expenses claimed by a commission agent, holding that full TDS compliance and supporting documentation substantiated the claim.
CESTAT ruled that restrictions on CENVAT credit under Rule 8(3A) of the CENVAT Credit Rules are unsustainable when the taxpayer has paid principal dues and interest.
The Gujarat State Tax Appellate Tribunal held that a tax demand under Section 74 of the CGST Act cannot stand if the department fails to prove fraud, suppression, or wilful misstatement.
The Kerala High Court dismissed a writ petition challenging GST recovery, ruling that a taxpayer cannot remain silent during adjudication and later approach the court when recovery proceedings begin.
The ITAT deleted a ₹1.66 crore addition on adat expenses claimed by a commission agent, accepting that TDS compliance evidenced the legitimacy of the expenses.
Preliminary balance of payments data for August 2026 shows a current account deficit of $5.2 billion, narrowing from $6.1 billion in August 2025, driven by export performance and remittance inflows.
On October 16, 2026, the RBI issued a set of Frequently Asked Questions (FAQs) clarifying the Foreign Exchange Risk Reserve (FERR) requirements introduced via AP(DIR Series) Circulars No. 26 and 27 dated October 10 and 12, 2026.
On October 16, 2026, the Reserve Bank of India conducted an Additional Competitive Underwriting (ACU) auction for the re-issue of a government security worth ₹34,000 crore. The cut-off rate for underwriting commission payable to Primary Dealers was set based on competitive bidding.
Comprehensive compliance guide for Indian entities investing in UAE businesses under ODI and Liberalised Remittance Scheme. Covers valuation, funding, reporting and AD bank roles.
The ITAT has deleted a ₹2.45 crore addition by the Assessing Officer, holding that the department failed to obtain prior approval under Section 144(1) for raising fresh issues beyond the limited scrutiny notice. The ruling reinforces statutory limits on scrutiny assessment powers.
SEBI proposes enabling depository receipts for REITs and InvITs at IFSC to attract foreign investment and improve global access.