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Income Tax 31 October 2026

India Tax Updates: Court Rulings, ESOP Reform, GST Clarifications

Recent Indian tax developments include the Delhi High Court overturning a service tax order, new periodic verification guidelines for the 2026‑27 APAR cycle, calls for ESOP tax reform, an ITAT ruling on audit objections, investor demands to scrap LTCG tax, GST clarification on R&D services, CBDT exemption for IRRI payments, a Kerala consumer win against IRCTC, a Bombay High Court relief for Rallis India, and a Gujarat income‑tax recruitment announcement.

Delhi High Court: Sets aside service tax order after commissioner ignored time extension request. Read more

Periodic Verification: Income Tax Dept issues new OMs for APAR Cycle 2026‑27, outlining service qualification checks. Read more

ESOP Tax Reform: Experts urge changes to unlisted company ESOP tax rules to reduce employee burden. Read more

ITAT Decision: Holds that audit objection alone cannot justify reassessment revision. Read more

Investor Push: Calls to abolish LTCG tax and cut STCG amid Rs 3 lakh crore FPI outflows. Read more

GST Clarification: CBIC circular clarifies R&D vs consultancy service tax treatment. Read more

CBDT Exemption: IRRI payments exempted from Chapter XIX of Income Tax Act, 2025. Read more

Kerala Refund Win: Man wins legal battle against IRCTC over ₹1 refund shortfall, gets 100× compensation. Read more

Rallis Tax Relief: Bombay High Court drops ₹408 crore tax demand, grants ₹8.31 crore refund with interest. Read more

Gujarat Recruitment: Income Tax Dept announces offline recruitment forms deadline. Read more

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