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  • February 14, 2026

[Global Financial Insights] PCAOB Issues Inspection Reports for 10 Global Audit Firms and More

Editorial Team – [2026] 183 taxmann.com 345 (Article) Global Financial Insights is a weekly feature for the Accounts and Audit Module subscribers of Taxmann.com. It provides you with the latest updates on financial reporting and auditing practices from across the globe. Here is this week’s financial update: 1. PCAOB Issues Inspection Reports for 10 Global Audit […]

  • February 13, 2026

Society Acting as Pharma Promotion Conduit Not Eligible for Section 12A Registration | ITAT

Case Details: C-Dot Forum vs. CIT (Exemptions) Chandigarh [2026] 183 taxmann.com 89 (Amritsar-Trib.) Judiciary and Counsel Details Udayan Das Gupta, Judicial Member & Manoj Kumar Aggarwal, Accountant Member Rishabh Marwaha, CA for the Appellant. Sunil Gautam, CIT. DR for the Respondent. Facts of the Case The assessee was a society that organised seminars, conferences, and events to […]

  • February 12, 2026

Inverted Duty Refund Allowed Even When Input and Output GST Rates Are Same | HC

Case Details: South Indian Oil Corporation vs. Assistant Commissioner Central Tax - [2026] 182 taxmann.com 864 (Karnataka) Judiciary and Counsel Details S.R. Krishna Kumar, J. Venkatanarayana G.M., Adv. for the Appellant. Akash B. Shetty, Adv. for the Respondent. Facts of the Case The petitioner was engaged in the procurement of edible oils falling under HSN Code 15 […]

  • February 11, 2026

IFSCA Mandates IFSC ISINs for Demat Securities

Circular F No. IFSCA-PLNP/85/2025-Capital Markets, Dated: 06.02.2026 The International Financial Services Centres Authority (IFSCA) has directed that all Units operating in the IFSC and intending to dematerialise securities or other permitted financial products must obtain International Securities Identification Numbers (ISINs) from a depository recognised by IFSCA. This measure is aimed at strengthening the regulatory and […]

  • February 11, 2026

Seeking stakeholders' input on the proposed Income-tax Rules and related Forms relating to the Income Tax Act, 2025

Details : ​​ Publish Date : Sunday, February 8, 2026 Attachments : 1. https://incometaxindia.gov.in/Lists/Press Releases/Attachments/1236/Seeking-stakeholders-input-on-the-proposed-Income-tax-Rules-and-related-Forms-relating-to-the-Income-Tax-Act25.pdf source

  • February 10, 2026

Securitisation Trust Revocable – Income Taxable to SR Holders | ITAT

Case Details: Income-tax Officer vs. Arcil Retail Loan Portfolio - 001- A- Trust [2026] 182 taxmann.com 849 (Mumbai-Trib.) Judiciary and Counsel Details Amit Shukla, Judicial Member & Makarand Vasant Mahadeokar, Accountant Member Rajesh Kumar Yadav, CIT-DR for the Appellant. Jeet Kamdar for the Respondent. Facts of the Case The assessee was a securitisation trust constituted by […]

  • February 9, 2026

RBI Keeps Repo Rate Unchanged at 5.25% | Maintains Neutral Stance

Press Release: 2025-2026/2053, Dated 06.02.2025 The Monetary Policy Committee (MPC) of the Reserve Bank of India, after assessing evolving macroeconomic and financial developments and the overall economic outlook, has decided to keep the policy repo rate unchanged. 1. Policy Rates Under the Liquidity Adjustment Facility (LAF) As per the MPC’s decision, the key policy rates […]

  • February 8, 2026

Enhanced Gratuity Cannot Be Withheld Pending Clarification | HC

Case Details: Som Nath vs. Punjab State Water Resources Management and Development Corporation Ltd. [2025] 181 taxmann.com 785 (HC - Punjab & Haryana) Judiciary and Counsel Details Deepinder Singh Nalwa, J. A.S Walia, Adv. for the Petitioner. Ms Monika Sharma, Adv. for the Respondent. Facts of the Case In the instant case, the petitioner retired from […]

  • February 7, 2026

DRC-07 Quashed for Portal Glitch – SCN Not Uploaded | HC

Case Details: Tamil Nadu Auto Parts vs. Deputy Commissioner (CT) [2026] 182 taxmann.com 874 (Madras) Judiciary and Counsel Details C. Saravanan, J. S. Rajasekar for the Petitioner. TNC Kaushik, Additional Government Pleader for the Respondent. Facts of the Case The petitioner challenged the assessment order issued in Form GST DRC-07, alleging that the show cause notice (SCN) […]

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