A quick morning roundup of the tax and GST stories making news in India — tribunal rulings, department updates, due dates and compliance changes. Headlines are curated automatically from public sources; every item links to the original story.
The day's stories
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Business | Nestlé India reports robust financial performance for Q2 and H1 2026
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Income Tax | Unrealised Forex Gain on Domestic Capital Asset Borrowings Taxable: ITAT Mumbai
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Fema / RBI | PMLA Tribunal Upholds Attachment of Ooty Land Linked to Housing Project Funds
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Income Tax | Final Assessment Ignoring Binding DRP Directions Quashed: ITAT Bangalore
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Income Tax | ESOP Discount Allowable as Revenue Expenditure Under Section 37(1): Kerala HC
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Amounts Recovered From Employees and Liabilities Written Back Can Form Part of Business Income: Karnataka HC
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Income Tax | Assessment Ignoring DRP Directions Void Ab Initio: ITAT Bangalore
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Fema / RBI | SAFEMA Tribunal Deletes Uncorroborated FEMA Charge, Upholds Other Violations and Reduces Penalties
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Corporate Law | Section 67 NDPS Confessions Inadmissible; Section 53 Officers Are Police Officers: Supreme Court
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NFRA Flags SA 260 Compliance Gaps, Warns Against ‘Tick-Box’ Communication Between Auditors and Audit Committees
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Mere Departmental File Movement No Ground to Condone 447-Day Delay in Income Tax Appeal: Karnataka HC in Infosys Case [Read Order]
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Income Tax | AO Must Follow DRP Directions in Final Assessment: ITAT Delhi Remands Case
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How this digest works: stories are selected automatically from public RSS feeds (Taxscan, Economic Times, Moneycontrol) and published with links to the original source. The digest is a news roundup, not professional advice — always check the linked source for details, and ask us if a change affects your business.
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