News

SBI has disclosed the exposure of 3,897 customer records containing personally identifiable information on the dark web and initiated cybersecurity response measures and an independent investigation.

SBI Discloses Customer Data Leak on Dark Web, Identifies 3,897 Records Containing Personally Identifiable Information

Notifications

CBDT exempts eligible resident and foreign institutional investors from TDS on interest earned on Maharajah INR Bonds issued by the New Development Bank from tax year 2026-27 onwards. 

CBDT Exempts Interest on New Development Bank’s Maharajah INR Bonds from TDS

ICICI Life Insurance faces a total tax and interest demand of Rs 5,914.19 crore for AY 2023 and has filed an appeal against the rectification order, stating that no material adverse financial impact is expected.

ICICI Prudential Life Insurance Faces Rs 5,914 Crore Tax Demand After Income Tax Department Issues Rectification Order for AY 2023

JSW Dulux’s GST demand has been reduced from Rs 118.33 crore to Rs 42.04 crore by the Karnataka GST Department, while the company prepares a further response in the ongoing tax dispute.

JSW Dulux Gets Partial Relief as Karnataka GST Department Reduces Tax Demand from Rs 118.33 Crore to Rs 42.04 Crore

CBDT has notified the Income-tax (Seventh Amendment) Rules, 2026, introducing Rule 281A and a new form to collect information from taxpayers claiming tax exemptions on interest and capital gains from government securities.

CBDT Notifies Income-tax (Seventh Amendment) Rules, 2026; Introduces New Form for Tax Exemption Claims

Judgement

The ITAT Ahmedabad held that banking channels and donation receipts insufficient to establish genuine political contribution.

ITAT Denies Section 80GGC Deduction for Political Donation Found to Be an Accommodation Entry

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