News & Updates Latest Tax newsTransaction Value not to be Rejected without Investigation as per Custom Valuation Rules: CESTAT Notes Improper Procedure, Allows Appeal [Read Order] April 2, 2026On appeal to the Commissioner (Appeals), it was held that the assessing officer had erred in rejecting the transaction value without any valid basis and without following due procedure as specified under Section 14 of the Custom Valuation Rules, 2007 (CVR). AnusreeSupreme Court Refuses to Entertain Appeal Filed with 253 Days Delay Under IBC [Read Order] April 2, 2026The Supreme Court dismissed the Commercial Tax Department’s appeal filed with 253 days delay, leaving intact NCLAT’s ruling that tax dues are operational debt under IBC. AnusreeDGFT Imposes Import Restrictions on Gold, Silver, Platinum Jewellery [Read Notification] April 2, 2026DGFT has restricted imports of gold, silver and platinum jewellery by shifting them from “Free” to “Restricted” category, making licences mandatory with immediate effect. AnusreeIncome Tax Act, 2025: Which is the First Form Introduced under the IT Rules 2026? April 2, 2026Form No. 1 is an event-based, monthly statement. Unlike annual returns, this form requires constant vigilance throughout the tax year. AnusreeICAI SIRC releases E‑Book with Practical Tips for Bank Branch Audits April 2, 2026The publication aims to help chartered accountants conduct audits with precision, especially under computerized environments and specialized banking models. AnusreeDGFT Extends “Free” Import Policy of Tur till 2027 April 2, 2026Earlier, the policy condition prescribed for the free import up to 31.03.2026 but the same has been amended to extend it to 31.03.2027. AnusreeACCA, CA Vacancy In EY April 2, 2026EY invited applications for the post of Assistant Manager Your key responsibilities Technical Excellence Fund accounting and Fund Financial Reporting Strong experience in preparation of fund financial statements under Indian GAAP, IFRS/Ind AS or US GAAP Strong experience in delivery of month end PnL & NAV in an accurate and timely manner. Strong experience in […] AnusreeICAI Opens One-Time Window for Missed UDINs Post Portal Migration April 2, 2026The initiative reflects ICAI’s broader effort to strengthen professional accountability while adapting to evolving technological platforms. AnusreeNew Act, New Income Tax Portal: India Ushers in a Simpler, Digital-First Tax Era April 2, 2026India has introduced a new Income-tax Act, 2025 and launched a revamped tax website to simplify compliance and improve taxpayer experience. AnusreeICAI Postpones Mandatory Implementation of SQM 1 and SQM 2 April 2, 2026ICAI has deferred the mandatory implementation of SQM 1 and SQM 2 beyond 1 April 2026 Anusree
