AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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.
The GST portal has enabled filing of GSTR-9 and GSTR-9C for FY 2025-26. Taxpayers must ensure all GSTR-1 and GSTR-3B returns are filed before proceeding.
GSTN activates annual return forms GSTR-9 and GSTR-9C for FY 2025–26; filing requires prior submission of all GSTR-1 and GSTR-3B returns.
GSTAT Lucknow quashed a penalty for expired e-way bill, ruling that absence of tax evasion intent must be proven; mere document lapse is insufficient.
Directorate General of Foreign Trade extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until December 31, 2026 with no change in existing rates or value caps.
CBDT has notified the 6th Amendment Rules, 2026, amending Rule 231 and Form 161 to include new reporting requirements, enhancing disclosure norms for tax administration.
The ITAT ruled that only the ITO, not the DCIT, can issue assessment orders for corporate returns below ₹20 lakh in mofussil areas, relying on CBDT instructions on jurisdictional competence.
DGFT extended the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme until 31 December 2026 with no changes to existing rates or value caps.
The Income Tax Appellate Tribunal has ruled that assessment orders for corporate returns below ₹20 lakh in mofussil areas must be issued by the Income Tax Officer (ITO), not the DCIT, per CBDT instructions.
CBDT notifies the Income Tax (Sixth Amendment) Rules, 2026, amending Form 161 and Rule 231 to include new compliance requirements for registration of certain financial entities.