EaseValueITAT Transfer Pricing Ruling 2026: ₹61.22 Cr TP Adjustment Deleted
In a significant June 2026 ruling, ITAT Mumbai has deleted a ₹61.22 crore transfer pricing adjustment after finding identical facts to an earlier assessment year. The tribunal affirmed that unreversed coordinate bench decisions remain binding even when High Court appeals are pending.
Section 69 Addition Deleted 2026 - Property Investment Year Rules
In a significant ITAT Ahmedabad ruling from June 2026, unexplained property investments under Section 69 can only be added to income in the year the investment is actually made. This decision provides critical relief for taxpayers facing additions in different assessment years.
TP Adjustment Deleted Under Section 80-IA(10) 2025-26 | ITAT Ruling
In a significant June 2026 ITAT ruling, transfer pricing adjustments under Section 80-IA(10) have been set aside for failure to establish statutory conditions and profit shifting. This is critical for businesses claiming deductions under Section 80-IA during AY 2025-26.
ITAT Section 69A Remand 2026: Additional Evidence & Fresh DRP Adjudication
In a significant June 2026 ruling, ITAT Ahmedabad has remanded a Section 69A addition back to the DRP after admitting additional evidence on foreign remittances. This recent judgment clarifies that documentary proof of fund sources can overturn unexplained income additions.
Appeal Delay Condonation 2026: ITAT Ruling on Legal Advice | Income Tax
In a significant June 2026 ruling, ITAT Ahmedabad held that insufficient legal advice is enough reason to condon delay in filing appeals before CIT(A). This provides relief to taxpayers who missed deadlines due to poor professional guidance.
R&D Deduction 2026: ITAT Orders 200% Instead of 100% - Section 35(2AB)
In a significant June 2026 ruling, ITAT Chennai has directed Assessing Officers to grant the full 200% weighted deduction on DSIR-certified R&D capital expenditure under section 35(2AB), not just 100%. This is a major win for research-driven companies.
Chhattisgarh HC Dismisses Tax Evasion Writ 2026 - Mandamus Ruling
In a significant June 2026 ruling, Chhattisgarh High Court dismissed a writ petition seeking action on a tax evasion complaint, holding that no grounds existed to issue a writ of mandamus. This recent judgment clarifies procedural safeguards for taxpayers against premature tax enforcement action.
Section 68 Addition 2026: ITAT Delhi Rules Suspicion Not Evidence
In a landmark June 2026 ruling, ITAT Delhi has held that Income Tax additions under Section 68 cannot be sustained on suspicion alone—the assessee must establish the identity, creditworthiness, and genuineness of the lender. This is a major relief for businesses facing cash deposit scrutiny.
CESTAT Sets Aside Service Tax Demand 2026 - No Suppression Found
In a June 2026 ruling, CESTAT Kolkata has set aside an entire Service Tax demand after finding no evidence of suppression or intent to evade during a period of legal uncertainty. This landmark decision offers crucial protection to taxpayers facing similar situations.
Income Tax on Stock Investments: Philip Fisher's Quality Stock Guide for Indians
Philip Fisher's timeless investing philosophy teaches us to pick quality stocks with strong fundamentals. But as an Indian taxpayer, you must understand how these investments affect your Income Tax, capital gains, and ITR filing.
GSTAT Ranchi Bench Open Sunday: GST Deadline June 30 Update
The GST Appellate Tribunal (GSTAT) Ranchi Bench will remain open on Sunday to resolve technical issues before the critical June 30 deadline. No extension has been granted despite requests from professional associations.
GST Registration Appeal: No Automatic Stay - What It Means
The Allahabad High Court clarified that filing an appeal against a GST cancellation order does not automatically stop the appellate authority's decision. GST registration must be restored immediately.
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