Daily Newsletter - February 25, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Drafts

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

MCA

DGFT

Customs

News Update:

Indian News:

ED attaches Reliance Group chairman Anil Ambani's 'Abode' worth ₹3,716 cr

Draft I-T forms seek tenant-landlord disclosure for claiming tax deduction

Gujarat HC flags AI-generated case law in GST order

GST department initiates inspection and search ops at Lupin's office

Denied Rs 91.45 lakh capital gains deduction after selling a plot, taxpayer wins case in ITAT

ICAI’s new global networking rules unsettle Big 4, tighten compliance for audit affiliates

Recovered Rs 578 crore from IDFC First Bank within 24 hours, Haryana CM Saini informs Assembly

Bombay HC quashes ₹400-cr personal GST penalty on Shemaroo executives

US imposes 126% initial duty on Indian solar imports over subsidy concerns

16 large financial transactions you can’t hide from Income Tax Department

Lady with Rs 3.4 lakh annual income gets a Rs 33 lakh property via gift deed; tax dept sends notice; she wins in ITAT Delhi

₹80 lakh cash loan row: Madras HC refuses to force PAN disclosure, sends papers to I-T dept

‘Very Shocking’: RoDTEP cut by half triggers exporters' appeal for immediate review

SEBI will probe if any egregious behaviour found against employees: Tuhin Kanta Pandey

Sebi deploying AI to track influencers and insider trading in real time: Tuhin Kanta Pandey

Centre has no roadmap for merger of public sector banks, says Nirmala Sitharaman

International News:

IAASB to pursue non-authoritative guidance for AI

Exposure Drafts:

IFSCA Drafts:

Draft International Financial Services Centres Authority (Electronic Trading Platform) Regulations
[Last date for Comments: March 18, 2026] 

Draft International Financial Services Centres Authority (IFSC Financial Advisers) Regulations, 2026
[Last date for Comments: March 16, 2026] 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated as on February 24, 2026:
ITR 2 - Excel Utility

Legal Updates:

MCA:

Companies Compliance Facilitation Scheme, 2026 [Circular No.1]

DGFT:

Amendment in export policy of Wheat [Notification No.62]

Amendment in export policy of Wheat flour and related items falling under HS Code 1101 [Notification No.61]

Corrigendum to Notification No. 60/2025-26 dated 23.02.2026

Amendment to the Last date for submission of TRQ Application for various FTA’s notified under Appendix-2Aof the FTP, 2023 for FY-2026-27 [Public Notice No.50]

Modalities for export of Wheat [Public Notice No.49]

Modalities for export of Wheat Flour and related products falling under HS Code 1101 [Public Notice No.48]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.23(NT)]