Daily Regulatory Intelligence · 7 August 2026 · Estimated reading time: 6 minutes
Executive Summary
One development today, given full depth treatment rather than a roundup: the Bombay High Court has directed every ITAT bench to strictly comply with the 60/90-day pronouncement timeline under Rule 34, after a taxpayer’s appeal was heard three times without a decision. No other domain produced a genuinely new, not-yet-covered story today — per Finoscape’s Minimum-Substance Rule, no filler has been added to pad the count.
Today’s Headlines
- Case Law: Bombay HC directs strict ITAT compliance with the Rule 34 90-day pronouncement deadline — Read the full analysis →
Compliance Alerts — This Week (7–13 August 2026)
- 10 Aug — GSTR-7 & GSTR-8
- 11 Aug — GSTR-1 (Monthly)
Did You Know?
Rule 34 of the Income Tax (Appellate Tribunal) Rules, 1963 has required pronouncement within 60 days (extendable to 90 in exceptional cases) since 1963 — but until this order, tribunal-wide compliance had never been the subject of a direct, general High Court direction.
Quiz of the Day
Under Rule 34 of the Income Tax (Appellate Tribunal) Rules, 1963, what is the absolute outer limit, in days, for the ITAT to pronounce a reserved judgment even in exceptional circumstances?
Answer: 90 days.
Tomorrow We’re Watching
- Whether the specific Hemrajani bench meets its court-mandated 13 August 2026 pronouncement deadline.
- Any CBDT/CBIC follow-up circulars or FAQs.
- Confirmed date/agenda for the GST Council’s 57th meeting.
Related Articles
- CBDT Notifies ITR-BN: New Block Assessment Return for Search & Requisition Cases (6 Aug 2026)
- RBI’s Draft Foreign Investment Rules, 2026: NDI Rules Set for Ground-Up Rewrite (6 Aug 2026)
See past editions in the Intelligence Archive →
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