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 →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedFeaturedDelhi 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 →
FeaturedReserve Bank of Indiabankingtax
RBI Mandates EDF for Service Exports from 1 October 2026
The Reserve Bank of India (RBI) has introduced a mandatory Export Declaration Form (EDF) for service exporters, effective 1 October 2026. The requirement aims to strengthen external trade reporting under FEMA, with monthly filings due within 30 days.
Oct 5, 2026Read more →
FeaturedMadras High Courttax
GST Search Authorisation Must Specify Power: Madras HC
Madras HC quashed a GST search where the authorisation failed to clearly mention the power exercised under Section 67; DIN must be shared, and coercive payments are not voluntary.
Oct 4, 2026Read more →
FeaturedParliament of Indiafemacorporate
Budget 2026–27 Impacts M&A, Buybacks & IFSC
Union Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
Oct 4, 2026Read more →
FeaturedTelangana High Courttaxcriminal
Telangana HC Grants Bail in ₹98.47 Crore Fake ITC Case
Telangana High Court granted anticipatory bail in a high-value fake ITC case, emphasizing custodial interrogation must be justified by tangible needs, not merely for recovery.
Oct 2, 2026Read more →