Weekly Newsletter - February 25, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
From the ICAI:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
International Content:
Tech Zone:
Legal Updates:
News Update:
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
₹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
Govt cuts duty benefits for exporters under RoDTEP scheme by 50%
India removes 'most favoured nation' clause for France: What it means
Mis-selling of financial products an offence under BNS, says FM Sitharaman
Sebi plans overhaul of PMS regulations, flags need for stronger governance
Labour ministry to return unclaimed deposits back to EPFO subscribers
EPFO brings back higher pension: Is your retirement payout about to jump?
What is the IDFC First Bank Rs 590 crore fraud case? Explained in 10 points
India delays trade talks after US SC rejects Trump tariffs: Report
RBI builds secured data centre away from potential enemy strikes, seismic risk
₹2,762 crore loan default: HC quashes banks’ move to label CA as wilful defaulter
ICICI Bank gets ₹50.38 crore GST demand; to challenge order
New I-T Act to enable AI-driven, rule-based tax system from April 2026
Five FTAs to be operational this year, says Piyush Goyal at EPM launch
Fake raid: Janitor duo turns GST officials to extort tobacco trader, lands in soup
GST intelligence sleuths unearth Rs 13k crore illegal online gaming websites syndicate
Govt plans full AI stack, audit trails to boost innovation: Jayant Chaudhary
Govt announces seven measures, credit assistance to help boost exports
Labour codes: Nearly two dozen employer compliances listed
Biryani audit in Hyderabad blows lid off Rs 70,000 crore tax evasion racket
ICAI notifies global networking guidelines for chartered accountant firms
Brokers seek six-month pause on RBI curbs on bank lending, document shows
ICAI to roll out information systems audit standards this month
RBI defers UTI framework for OTC derivative transactions to January 2027
ED issues its biggest attachment order worth over Rs 10,000 cr in PACL case
Sebi forms working group to review ESG Rating Providers regulatory framework
IAASB to pursue non-authoritative guidance for AI
Quantification the next big issue in climate accounting
Agentic AI is handling more finance work — but can CFOs trust it?
AICPA to propose changes to attestation standards
Exposure Drafts:
Draft Income Tax Forms 2026
[Last date for Comments: February 22, 2026]
Discussion Paper on strengthening CoC’s oversight and procedural clarity under the CIRP Regulations, 2016
[Last date for Comments: March 10, 2026]
Draft Digital Trade Facilitation Bill, 2026
[Last date for Comments: March 9, 2026]
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]
Draft Amendments to Small Entity Definitions
[Last date for Comments: March 7, 2026]
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
Updated as on February 24, 2026:
ITR 2 - Excel Utility
From the ICAI:
Handbook on Interest, Late Fee & Penalties under GST
[Published in December 2025]
International Content:
Tech Zone:
A Tuesday in February: Where Technology Quietly Steals 90 Minutes
Legal Updates:
Facility for Withdrawal from Rule 14A
Update on Advisory on Interest Collection and Related Enhancements in GSTR-3B
Companies Compliance Facilitation Scheme, 2026 [Circular No.1]
Amendment to delegation under section 8 and others [S.O. 709(E)]
Amendment to delegation under section 66 of the Companies Act, 2013 [S.O. 707(E)]
Amendment to delegation under section 208 of the Companies Act, 2013 [S.O. 701(E)]
Amendment to delegation under sections 153 and 154 of the Companies Act, 2013 [S.O. 700(E)]
Amendment to delegation under section 94 of the Companies Act, 2013 [S.O. 699(E)]
Notification under section 154 of the Companies Act, 2013 [S.O. 698(E)]
Amendment to delegation of power under section 17 of LLP Act, 2008 [S.O. 697(E)]
Notification under section 76A of the Limited Liability Partnership Act, 2008 [S.O. 696(E)]
IBBI (Liquidation Process) Regulations, 2016 (Amended upto 02-01-2026)
Amendment in export policy of Wheat [Notification No.62]
Corrigendum to Notification No. 60/2025-26 dated 23.02.2026
Modalities for export of Wheat [Public Notice No.49]
Rationalisation of RoDTEP rates [Notification No.60]
