ITATtax
Revaluation Gains Can’t Be Unexplained in Current Year
ITAT rules that revaluation of assets in a prior year cannot be treated as unexplained income in a subsequent assessment year.
Oct 25, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ITATtax
ITAT: AO Not Investigator but Passive Recipient of Info
The ITAT held that an Assessing Officer is not an investigator but a passive recipient of information, and cannot initiate proceedings solely based on unverified third-party data.
Oct 25, 2026Read more →
Government Notificationgsttax
GST Process Reforms to Launch from Nov 1, 2026
The GST Council has approved non-statutory process reforms to roll out from November 1, 2026, including simplification of returns and automated notices, while major legislative changes are planned for April 1, 2027. The reforms aim to reduce compliance burden.
Oct 25, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
RBI to Auction Short-Term Treasury Bills
RBI announces auctions of 91-day, 182-day, and 364-day Treasury Bills totaling ₹24,000 crore. Auctions scheduled for October 28 and November 4, 2026.
Oct 25, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
States to Auction ₹23,300 Crore in Securities
Assam, Bihar, and other state governments will auction securities worth ₹23,300 crore in face value. The auctions will follow a yield-based format with 9-year tenor for Assam and Bihar.
Oct 25, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
RBI to Conduct 4-Day Variable Rate Repo Auction on October 26
The Reserve Bank of India (RBI) will conduct a 4-day Variable Rate Repo (VRR) auction on October 26, 2026, for ₹1.5 lakh crore under the Liquidity Adjustment Facility (LAF). The reverse leg will be settled on October 30, 2026.
Oct 25, 2026Read more →
N/Aintellectual_propertyeducation
Prof. Feroz Ali Launches Free Online Patent Treatise
Prof. Feroz Ali launches 'Ali on Patents', a free, online treatise containing court judgments and commentary on Indian patent law, aimed at practitioners, students, and patent examiners.
Oct 24, 2026Read more →
IBBI Appellate Authoritycorporateregulatory
IBBI Can Refuse Fresh Data Compilation Under RTI for Insolvency Claims and Haircuts
IBBI upheld its right to refuse RTI requests seeking compilation of fresh datasets on insolvency claims and haircuts, citing statutory limitations and administrative burden.
Oct 24, 2026Read more →
Central Board of Direct Taxestaxcorporate
CBDT Introduces Unified Challan ITNS 281N for TDS and TCS Payments
The income tax department launches Challan Form ITNS 281N, consolidating TDS and TCS payments into a single instrument for ease of compliance under the new tax regime.
Oct 24, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules Indirect Payments to Cultivators Not Covered Under Rule 6DD(e)
The Income Tax Appellate Tribunal held that exemption under Rule 6DD(e) applies only to direct payments to cultivators. Payments made indirectly through agents do not qualify for deduction under Section 44AD.
Oct 24, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
Government Stock Auction: Cut-off Yields Announced
Cut-off yields for 6.53% GS 2031 and 7.71% GS 2066 set at 7.3589% and 7.9339% respectively. No devolvement occurred, signaling robust demand in the government securities market.
Oct 24, 2026Read more →
Reserve Bank of Indiabankingfinancial_regulation
Full Results of Government Stock Auction
The RBI has published complete results of the auction for 6.53% GS 2031 and 7.71% GS 2066, with competitive bids exceeding notified amounts. Cut-off yields were 7.3589% and 7.9339% respectively.
Oct 24, 2026Read more →