Income Tax 13 September 2026
Key Tax and Market Rulings: ITAT, HC, SEBI, BRICS, Exams
Recent rulings and proposals reshape India's tax landscape: the ITAT rejected a Dell employee's salary exemption claim and erased a ₹1.13 crore transfer‑pricing adjustment, while the Bombay High Court dismissed a tax evasion case against designers Abu Jani and Sandeep Khosla. SEBI unveiled a new closing‑auction framework offering two settlement options, and BRICS endorsed tax working groups and a customs pact under India's chairmanship. Additionally, the SSC CGL exam schedule for 2026 was released.
- ITAT: Dismissed Dell employee's appeal, holding address insufficient for Section 10(26) salary exemption. Read more
- ITAT Transfer Pricing: Deleted a ₹1.13 crore adjustment, flagged inconsistent depreciation. Read more
- Bombay HC: Quashed tax evasion case against fashion designers Abu Jani and Sandeep Khosla, noting delayed payment was not wilful. Read more
- SEBI: Proposed a new Closing Auction Session framework with two expiry‑day settlement options. Read more
- BRICS: Backed tax working groups and a customs pact under India's chairmanship. Read more
- SSC CGL: Published 2026 Tier 1 exam schedule. Read more
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