FeaturedGST Counciltax
57th GST Council Proposes Reforms on ITC, Arrests
57th GST Council meeting proposes thresholds for notices, ITC, arrests, and reforms on e-invoicing and returns to ease compliance.
Oct 10, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
FeaturedFeaturedSupreme Court of Indiatax
SC Bars Dual CST Exemptions for Cement Dealers
Supreme Court rules cement dealers cannot claim both 6% CST concession and partial exemption under Rajasthan's 1986 notification in same year.
Oct 10, 2026Read more →
FeaturedBombay High Courttaxcriminal
₹300 Crore Fake GST Invoices: Bombay HC Denies Bail
Bombay HC rejects anticipatory bail for father and son in ₹300 crore fake GST invoicing case linked to dummy firms.
Oct 10, 2026Read more →
FeaturedInstitute of Chartered Accountants of India (ICAI)corporatetax
ICAI Removes CA's Name for Reporting Failures in ₹1,150cr Fraud
The ICAI removed a CA's name for one year for failing to report material financial irregularities and going concern issues in a case involving ₹1,150 crore siphoning. The order underscores auditors' duty of diligence.
Oct 9, 2026Read more →
FeaturedGST Counciltaxgst
GST Council Enforces Zero Tolerance for Fake ITC Fraud
The GST Council announced zero tolerance for fake ITC fraudsters using AI-driven, high-risk profiling tools to detect and prevent fraudulent claims.
Oct 9, 2026Read more →
FeaturedGST Counciltaxgst
GST Council Approves 10-Day Refund Acknowledgement
The GST Council has approved a faster refund mechanism requiring 10-day acknowledgment and 90% provisional sanction based on risk profiling.
Oct 9, 2026Read more →
FeaturedDelhi High Courttax
Third-Party Search Under Section 132 Upheld by Delhi HC
Delhi High Court upheld separate search warrants under Section 132 for a couple’s premises and bank locker located at a third party’s address, affirming reasonable belief and jurisdictional compliance.
Oct 9, 2026Read more →
FeaturedNCLATinsolvencytax
IT Dept Cannot Set Off Refund During IBC Moratorium: NCLAT
NCLAT ruled that Income Tax Department cannot set off refunds against tax dues during IBC moratorium. Refund of ₹90.42 lakh directed to corporate debtor.
Oct 8, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Introduces Credit Valuation Adjustment Framework for Commercial Banks
The RBI issued new directions on the Credit Valuation Adjustment (CVA) Framework for Commercial Banks, enhancing risk management for derivative exposures.
Oct 8, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Revises Commercial Banks’ Capital Adequacy and Valuation Norms
The RBI issued the Twelfth Amendment Directions, 2026, updating capital adequacy norms for Commercial Banks, including changes to legal opinion requirements and valuation adjustments for incurred losses.
Oct 8, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Raises Repo Rate by 25 Basis Points to 5.50%
The Reserve Bank of India (RBI), on October 7, 2026, increased the policy repo rate under the Liquidity Adjustment Facility (LAF) from 5.25% to 5.50% with immediate effect. The decision, taken by the Monetary Policy Committee (MPC), aims to recalibrate monetary stance in response to evolving inflationary pressures.
Oct 7, 2026Read more →
FeaturedPunjab and Haryana High Courttax
P&H HC Bars Mechanical ITC Reversal Under Section 16(2)(c)
Punjab & Haryana High Court upholds Section 16(2)(c) but prohibits automatic ITC reversal due to supplier default, laying down 14 binding guidelines for proper officers.
Oct 7, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Consolidates Export-Import Rules in 2026 Regulations
The FEMA Export-Import Regulations, 2026, consolidate and update compliance requirements for exporters, covering EDF, EDPMS, third-party payments, and merchanting trade, effective 1 October 2026.
Oct 5, 2026Read more →