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Section 271B penalty for a late tax audit report for AY 2026-27: half a percent of turnover or gross receipts, capped at Rs 1,50,000, and when section 273B reasonable cause can apply. The filing date itself is on the firm's CBDT extension note.

SEBI’s 7 October 2026 circular: five eligibility conditions for the ₹10,000-face-value debt route, auditor certificate, rating test and CFO checklist.

Official 57th GST Council recommendations on ITC, refunds, registration and penalties, with proposed timelines and a practical business compliance checklist.

IBBI extended applicable PGIRP forms from 30 September to 31 December 2026. Penalty timing, accurate reporting and a practical IP filing checklist.

IBBI’s 24 September 2026 circular explains delayed liquidation-form fees. Check the ₹500 plus GST rule, affected forms and the separate PGIRP extension.

Authoritative indirect tax litigation masterclass for GSTAT Ahmedabad State Bench: Applying the doctrine of impossibility (lex non cogit ad impossibilia) in Section 16(2)(c) supplier tax defaults post-D.Y. Beathel and Surat Mercantile, defending retrospective GSTIN cancellations, and assembling 4-pillar logistics dossiers by PGT & Associates.

Authoritative direct tax charitable trust masterclass before ITAT Ahmedabad Benches: Defending delayed Form 10AB applications under CBDT extension circulars, defeating premature Section 115TD accreted tax levies post-Sardar Patel Trust, applying the Supreme Court AUDA cost-recovery test under Section 2(15), and reconciling Form 10BD donations by PGT & Associates.

Official Direct Tax Announcement: Central Board of Direct Taxes (CBDT) postpones statutory deadlines today. Due date for furnishing Tax Audit Reports under Section 44AB extended to OCTOBER 21, 2026, and Corporate/Audited Income Tax Returns (ITRs) extended to NOVEMBER 21, 2026 for AY 2026-27. Complete statutory analysis and penalty relief by PGT & Associates.

Historical AY 2025-26 guidance. CBDT Circular No. 15/2025 extended the audit report deadline to 10 November 2025 and the audited-case ITR deadline to 10 December 2025; it does not apply to AY 2026-27.

Authoritative corporate litigation masterclass before NCLT Ahmedabad Bench: Establishing oppressive equity dilution post-Dale & Carrington, protecting founder-directors in quasi-partnerships, obtaining Section 244 threshold waivers, and enforcing fair-value buyouts without minority discount by PGT & Associates.

Complete practitioner's guide and official compliance calendar for October 2026: Critical statutory deadlines across Corporate Income Tax Returns, Section 44AB Tax Audit sign-offs, GST GSTR-1/3B/CMP-08 filings, MCA AOC-4/ADT-1 disclosures, and monthly TDS/PF/ESIC remittances verified against CBDT, CBIC, and MCA portals by PGT & Associates.

Authoritative indirect tax valuation masterclass for GSTAT Ahmedabad State Bench: Applying the Second Proviso to Rule 28 for revenue-neutral distinct person transfers, defending Free-of-Cost component supplies post-Bhayana Builders, and litigating Section 171 anti-profiteering notices by PGT & Associates.

Authoritative search and seizure defense masterclass before ITAT Ahmedabad Benches: Reconciling seized cash with regular cash books, quashing Section 115BBE 78% tax rates post-Kailashben Chokshi statement retractions, and proving customary domestic Stridhan allowances by PGT & Associates.

Authoritative indirect tax real estate litigation masterclass for GSTAT Ahmedabad State Bench: Applying the Supreme Court functionality test in Safari Retreats for construction ITC, quashing arbitrary one-third land deduction demands under Munjaal Bhatt, and navigating JDA reverse charge liabilities by PGT & Associates.

Authoritative direct tax valuation defense masterclass before ITAT Ahmedabad Benches: Upholding the taxpayer's exclusive right to choose DCF over NAV under Rule 11UA(2), defeating hindsight projection variations post-Vodafone M-Pesa, and applying the 10% safe harbor margin under Section 50CA by PGT & Associates.

Authoritative corporate restructuring masterclass before NCLT Ahmedabad Bench: Enforcing the Clean Slate Doctrine post-Ghanshyam Mishra and Essar Steel, establishing the non-justiciability of CoC commercial wisdom, asserting Section 32A immunity from past offenses, and extinguishing legacy tax claims by PGT & Associates.

Authoritative indirect tax recovery defense masterclass for GSTAT Ahmedabad State Bench: Defeating Section 88 personal director liability by proving absence of gross neglect, lifting Section 83 operational bank attachments post-Radha Krishan Industries, and enforcing mandatory Section 107/112 statutory stays against Section 79 garnishee notices by PGT & Associates.

Authoritative direct tax penalty defense masterclass before ITAT Ahmedabad Benches: Quashing defective Section 274 show-cause notices post-SSA Emerald Meadows, dismantling 200% misreporting penalties under Section 270A(9), applying Section 270A(6) bona fide safe harbors, and securing Section 270AA statutory immunity by PGT & Associates.

Definitive corporate insolvency defense masterclass before NCLT Ahmedabad Bench: Establishing the ₹1 Crore default threshold, deploying the Mobilox pre-existing dispute doctrine against Section 9 operational debt, applying the 3-year limitation bar under Section 238A, and invoking Section 65 penalties against coercive filings by PGT & Associates.

Authoritative indirect tax litigation masterclass for GSTAT Ahmedabad State Bench: Defending inverted duty structure refunds post-VKC Footwear, challenging arbitrary 1.5x domestic turnover caps under Rule 89(4), quashing Section 54(11) recovery withholdings, and enforcing mandatory 6% Section 56 statutory interest by PGT & Associates.