📢 Advance Tax Second Instalment Due Tomorrow: Taxpayers Must Pay 45% by September 15

September 15, 2026, is the last date for eligible taxpayers to pay the second instalment of advance tax for FY 2026-27, with cumulative payment required to reach 45% of the estimated annual liability.

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📢 ITAT Allows Telescoping Benefit on Family Cash Transactions

The ITAT Ahmedabad holds cash returned by Housewife to Father-in-Law cannot be treated as Unexplained Expenditure.

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📢 ITAT Holds Suspicion Cannot Substitute Evidence

The ITAT Ahmedabad held that mere Investigation Wing Report and Penny Stock Allegation is insufficient to establish assessee’s connection

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📢 ITAT Remands Petrol Pump Income Case for Fresh Examination Over Unjustified 8% Profit Estimation

The ITAT Ahmedabad finds no proper basis for applying 8% profit rate on entire bank credits

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📢 Government Bans Charges on RuPay Debit Card, UPI Payments Up to Rs 2,000

The Government has prohibited banks and system providers from imposing direct or indirect charges on RuPay debit card and UPI payments up to Rs 2,000.

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📢 How to Read Your Health Insurance Policy Document

Know your health insurance policy better with a quick guide to its important sections, terms, and claim-related information.

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📢 CGST Uncovers Rs 6.55 Crore GST Fraud in Sirmaur, Pharma MD Arrested

CGST officials uncover an alleged Rs 6.55 crore GST fraud involving fake invoices and bogus firms, leading to the arrest of pharma company MD Gaurav Jain.

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📢 GSTAT Holds GST Refund Cannot Depend on Manufacturer Status

The GSTAT Rules CBIC Circular on same HSN inapplicable where there is no GST rate reduction.

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📢 Allahabad HC Directs Rs 1.10 Crore Cash Refund Instead of ITC Re-Credit After GST Registration Surrender

Allahabad HC directed UP authorities to refund Rs. 1.10 crore in cash after its GST registration was surrendered and the Electronic Credit Ledger became unusable.

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📢 Yatharth Hospital, Two Subsidiaries Face Rs 47.08 Cr Tax Demand Plus Rs 15.94 Cr Interest; Company to Appeal Orders

Yatharth Hospital and its two subsidiaries face a combined Rs 47.08 crore tax demand plus interest, with the companies planning to appeal the assessment orders.

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📢 ITAT Deletes Section 50C Addition After Reopening-Based Addition Was Deleted

The ITAT Ahmedabad once the addition forming the basis of reopening is deleted, no fresh addition on another issue can survive.

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📢 ITAT Holds Section 270A Penalty Invalid Without Stating Misreporting Default

ITAT set aside the Rs 80,050 penalty under Section 270A after finding that the AO failed to specify the particular misreporting default under Section 270A(9).

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📢 Vodafone Idea Fined Rs 2 Lakh by TRAI Over Quality-of-Service Lapses

Vodafone Idea has been fined Rs 2 lakh by TRAI for failing to meet prescribed quality-of-service benchmarks across certain service areas in October 2025.

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📢 ITAT Holds Safe Harbour Rules Cannot Be Applied Mechanically to Earlier Assessment Year

The ITAT Mumbai rejects 20% safe harbour mark-up for Technical Services and grants relied to State Bank of India.

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📢 ITAT Remands Section 201(1A) Interest Dispute for Fresh Verification Over Duplication/Overlap Claim

ITAT remanded Rs. 22.90 lakh interest dispute under Section 201(1A) to the AO for fresh verification of the alleged duplication/overlap claim.

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📢 Reassessment Notice by JAO or FAO? ITAT Remands Case to CIT(A) Amid Retrospective Validation of Section 148 Notices

ITAT remands the Section 148 reassessment case to CIT(A), awaiting the High Court’s ruling on retrospective validation of JAO-issued notices.

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📢 ICSI Urges MCA to Fix E-Sahaj Portal Registration Glitches Affecting Mandatory Security Clearances

ICSI has urged the MCA to urgently resolve registration and other technical glitches on the E-Sahaj Sewa Portal.

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📢 ICSI Invites Professional Feedback on MCA21-V3 Portal Issues to Improve Form Filing Process; Deadline Sept 15

ICSI has invited professional members to report technical glitches, filing challenges and suggestions on the MCA21-V3 Portal by September 15, 2026, 9 AM.

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📢 ICSI Urges MCA to Introduce Time-Bound Refunds for Company, LLP Incorporation Fees After Rejected Applications

ICSI urges MCA to introduce a time-bound refund mechanism for fees paid on rejected company and LLP incorporation applications.

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📢 ICSI Urges MCA to Formally Recognise ‘Deemed Government Companies’ Under Companies Act, 2013

ICSI has urged the MCA to formally recognise ‘Deemed Government Companies’ and provide clarity on their C&AG audit, exemptions and compliance requirements.

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📢 ICSI Urges MCA to Introduce a Dedicated E-Form for Intimation of Secretarial Auditor Appointment and Resignation

ICSI has urged the MCA to introduce a dedicated e-Form for reporting the appointment, resignation or cessation of Secretarial Auditors under Section 204 of the Companies Act, 2013.

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