Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The GST Appellate Tribunal (GSTAT) upheld findings against a developer for failing to transfer the full benefit of Input Tax Credit (ITC) to homebuyers, confirming that excess benefits provided to some cannot offset losses to others.
The Bombay High Court ruled that GST registration cannot be cancelled without proper hearing and a reasoned order, quashing existing cancellation orders that violated the principles of natural justice.
Auctions for state government securities totaling ₹24,400 crore conducted for Andhra Pradesh, Chhattisgarh, and Rajasthan via price-based and yield-based methods.
The Reserve Bank of India has scheduled auctions for 91-day, 182-day, and 364-day Treasury Bills totaling ₹24,000 crore. Auctions will occur on October 21, 2026, with settlement on October 22, 2026.
A weekly compilation of significant rulings from the Supreme Court and various High Courts between October 3 and 9, 2026, covering tax, commercial, and procedural matters.
The Directorate General of Foreign Trade extended the Rebate of State and Central Taxes and Levies (RoDTEP) scheme until December 31, 2026, maintaining existing rates and value caps.
The Institute of Chartered Accountants of India removed a CA’s name from the register for one year for failing to report ₹1,150 crore fund siphoning and ignoring going concern uncertainties during audit.
On October 16, 2026, several state governments, including Andhra Pradesh and others, announced auctions to raise ₹24,400 crore through the re-issue of State Government Securities (SGS), with price-based and yield-based bidding methods.
The RBI notified the redemption price for premature redemption of Sovereign Gold Bond (SGB) 2019–20 Series V on October 15, 2026, as permitted under government rules after the fifth year. The price is based on the simple average of domestic gold prices over a specified period.
The RBI auctioned 91-day, 182-day, and 364-day Treasury Bills, raising ₹23,000 crore. Cut-off yields ranged from 5.7281% to 6.4891%, reflecting stable investor appetite.
The Directorate General of Foreign Trade extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until December 31, 2026, with existing rates and value caps unchanged.
Finance Minister Nirmala Sitharaman signals possible review of Long-Term Capital Gains tax in lead-up to Budget 2027, amid industry demands for rationalization.