EaseValueGenuine ITC Cannot Be Denied for Supplier Default 2026
In a significant ruling issued in July 2026, Allahabad High Court has clarified that genuine Input Tax Credit (ITC) cannot be denied merely because a supplier defaults or their registration is retrospectively cancelled. This is a major relief for businesses relying on authentic transaction records and payment proof.
Mumbai ITAT: Section 12AB Registration Without Irrevocability Clause 2026
In a significant July 2026 ruling, Mumbai ITAT held that absence of an irrevocability clause in a trust deed alone cannot justify rejection of Section 12AB registration application. This is a major relief for charitable trusts applying for income tax exemption.
Special Rupee Vostro Accounts (SRVAs) 2026 - RBI Circular Guide
RBI has consolidated and simplified instructions on Special Rupee Vostro Accounts (SRVAs) through a new circular dated July 17, 2026. This latest update directly affects exporters, importers, and authorised dealer banks conducting international trade settlements in Indian Rupees.
GST 2.0 & IMS: Claim ITC Without Block in 2026
GST 2.0 framework introduced critical IMS (Invoice Management System) compliance requirements in July 2026. This update explains how to claim Input Tax Credit (ITC) without getting blocked under new deemed acceptance rules.
Depreciation on Leased Vehicles 2026: Bombay HC Ruling Explained
In a significant ruling from July 2026, Bombay High Court has allowed depreciation on leased vehicles even when registered in the customer's name. This is a major win for vehicle leasing companies and fleet operators under Income Tax Act 2025.
Section 69A Addition Deleted: ITAT Delhi 2026 Property Sale Cash
In a significant ruling from July 2026, ITAT Delhi has deleted a Section 69A addition of ₹33.50 lakh, holding that intercepted cash forming part of disclosed property sale consideration cannot be treated as unexplained cash credits. This ruling provides important relief to taxpayers with legitimate property transactions.
Safari Retreats SC Judgment 2026: ITC Relief on Hotels & Malls Explained
The Supreme Court's Safari Retreats judgment brought temporary relief to hospitality and real estate sectors on Input Tax Credit claims, but a retrospective legislative amendment has significantly limited its scope. This July 2026 update explains what changed and how it affects your business.
No LTCG Tax Scrapping in 2026 | Finance Ministry Clarifies | EaseValue
The Finance Ministry has officially clarified that there is NO proposal to eliminate Long-Term Capital Gains (LTCG) tax in India. This recent statement puts to rest speculation among investors about potential tax relief on equity investments.
LTCG Tax Not Being Scrapped 2026 | FPI G-Sec Exemption from April
The Finance Ministry has officially clarified that there is no proposal to scrap Long-Term Capital Gains (LTCG) tax in India. Simultaneously, the government has confirmed a tax exemption for Foreign Portfolio Investors (FPI) on Government Securities income, effective 1 April 2026.
ITAT Bangalore 2026: Ad Hoc Commission Income Estimate Rejected - What Taxpayers Need to Know
In a significant July 2026 ruling, ITAT Bangalore rejected the tax department's unsupported 8% ad hoc commission income estimate, remanding the matter for fresh verification. This decision protects taxpayers from arbitrary income assessments.
Fake Tax Authority Checklist July 2026 Email Scam - EaseValue Alert
A dangerous phishing email titled 'Tax Authority Checklist for July 2026' is circulating, impersonating the Ministry of Finance and Income Tax Department. This recent scam targets taxpayers with malicious attachments and fake compliance demands.
GST Registration Cancellation Quashed 2026 - HP HC Ruling
In a significant ruling from July 2026, Himachal Pradesh High Court has quashed a retrospective GST registration cancellation order, emphasizing the need for proper reasons and adjudication. This landmark judgment protects taxpayers from arbitrary cancellation actions.
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