LatestIncome Tax 26 September 2026
India Tax Notices Surge: New GST and Income Rules Impact Companies
India's tax landscape sees major changes as the Income Tax Act 2025 introduces new crypto provisions, while multiple corporations face hefty GST notices totaling over ₹600 cr. Professionals seek audit deadline extensions, courts uphold tax rulings, and a retrospective amendment is barred from overturning past tribunal orders.
Crypto Tax Overhaul – The Income Tax Act 2025 reshapes crypto taxation with VDA provisions and TDS changes. Read more
- Vikran Engineering: ₹83.62 cr GST show‑cause notice for alleged excess ITC in FY23. Details
- Equitas Small Finance Bank: ₹533 cr GST demand, over five times FY26 profit. Info
- ICICI Bank: ₹16.76 cr GST notice from West Bengal under Sec 73. Source
- Sunteck Realty: ₹59 cr GST notice for TDR procurement in FY23. Report
- Tax Audit Deadline: Professionals push for October 31 extension, but Sept 30 remains final. Read
- Karnataka High Court: Upheld writ challenging tax authority's interest denial on delayed refunds. Judgment
- Retrospective Tax Amendment: ITAT rules out recalling earlier tribunal orders. Analysis
- LG Electronics India: SCN for short payment of customs duty, Rs 153.57 cr claimed. Details
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