Income Tax 4 October 2026
India Tax & Regulatory Flash: Silver ETFs, GST Arrest Powers, IPOs, and More
Key tax and regulatory shifts hit Indian markets: SilverBees ETF gains are clarified as short‑term or long‑term capital gains; the GST regime may lose arrest powers after a council review; Tanvi Exports outlines its IPO plan; a land‑sale case draws a tax notice but wins in court; SEBI warns Punjab National Bank over insider‑trading allegations; Ruchi Infrastructure faces a high‑court notice; ITAT Ahmedabad dismisses a time‑barred reassessment; Jack Dorsey's Bitchat app is removed from India's Apple store; and the Income Tax Department drops a proposed ₹17.32 crore addition after document review.
- SilverBees ETF tax: Gains classified as STCG or LTCG per Section 50AA – read more at Upstox.
- GST arrest powers: Proposed removal of arrest powers for GST defaulters under discussion – details in The Indian Express.
- Tanvi Exports IPO: Files for listing; highlights include fund raising for working capital and debt repayment – see full DRHP at IndiaIPO.
- Land sale tax case: Son sells ancestral land for ₹8 cr, faces notice, but ITAT rules in his favor – coverage at Economic Times.
- PNB SEBI warning: Punjab National Bank receives administrative warning for alleged insider trading – read on StudyCafe.
- Ruchi Infrastructure notice: Andhra Pradesh High Court issues notice to the company – see ScanX.
- ITAT Ahmedabad decision: Reassessment proceeding invalidated due to time‑barred notice under Sec 148 – details at TaxCorp India.
- Bitchat removed: Apple removes Jack Dorsey's Bitchat app from Indian store – report by Mint.
- Income Tax addition dropped: Dept. withdraws proposed ₹17.32 cr addition after reviewing documents – see JurisHour.
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