EaseValueITAT Ruling 2026: Foreign Banks Expatriate Salary Deduction & Transfer Pricing
In a landmark July 2026 ruling, ITAT Mumbai has clarified critical taxation issues for foreign banks operating in India, including expatriate salary deductions and transfer pricing adjustments. This decision significantly impacts how foreign financial institutions and multinational enterprises calculate their Indian tax liability.
ITAT Deletes Section 69 Addition 2026: Joint Holder Protection
In a landmark July 2026 ruling, ITAT Mumbai has provided critical relief to taxpayers by deleting Section 69 additions for joint holders without independent evidence. This protects individuals from unfounded cash, gold, and foreign currency assessments.
POCSO Act Compliance 2026: School & Institution Reporting Duties Under Income Tax
A recent Karnataka High Court judgment (July 2026) has clarified that silence on child safety complaints is not institutional discretion—it is statutory delinquency with serious legal and financial consequences. This ruling impacts schools, NGOs, and all registered organisations under the Income Tax Act 2025.
GST SCN & Section 74 Order Quashed 2026 | Natural Justice Breach
In a significant ruling from July 2026, the Bombay High Court has quashed a GST show cause notice and Section 74 order for breach of natural justice principles. This judgment protects taxpayers' right to fair hearing and proper service of notice.
ITR Form Selection Guide 2025-26: Eligibility & Due Dates
Choosing the correct ITR form is crucial for AY 2025-26 filing. This updated guide explains eligibility criteria, required documents, due dates under Income Tax Act 2025, and penalties for late filing.
Bad Debt Write-off ITAT Ruling 2026: Section 36(2) Verification Guide
In a significant July 2026 ruling, ITAT Bangalore has clarified that mere write-off of bad debt is sufficient for deduction under Section 36(2) of Income Tax Act 2025. The Assessing Officer must now verify only Section 36(2) statutory conditions, not additional propriety checks.
AP HC Golden Traders Ruling 2026: Transit Not Jurisdiction Under GST
The Andhra Pradesh High Court's recent Golden Traders judgment clarifies that transit through a State does not establish jurisdiction for GST assessment. This ruling impacts how authorities can claim taxing rights over inter-State supplies.
Bad Debt Write-Off: ITAT Ruling 2026 on Section 36(2)(iv) Relief
In a significant July 2026 ruling, Mumbai ITAT has clarified that once a bad debt is formally written off in the books, the Assessing Officer cannot demand further proof of irrecoverability under Section 36(2)(iv) of the Income Tax Act 2025. The transitional four-year rule does not apply to already-written-off debts.
Section 271D Penalty Deleted | Journal Entry Loans 2025-26 | ITAT Ruling
In a landmark July 2026 ruling, Mumbai ITAT has deleted Section 271D penalties on loan transfers made through journal entries during genuine group restructuring. This decision provides significant relief for businesses undergoing corporate reorganization.
Trust Net Income Taxed Not Gross 2026 ITAT Ruling Section 11
In a significant July 2026 ruling, Hyderabad ITAT clarified that trusts must be taxed on net income rather than gross receipts when Section 11 exemption is unavailable. This is a major win for trust assessees across India.
Section 147 Reassessment Quashed 2026: Jurisdiction Rules ITAT
In a significant ruling from July 2026, ITAT Kolkata has quashed a reassessment notice issued by a non-jurisdictional Assessing Officer. This decision protects taxpayers from invalid reassessment proceedings and reinforces strict jurisdictional requirements.
Telangana HC GST Appeal DRC-01 DRC-07 Unsigned 2026
The Telangana High Court has granted taxpayers the right to file statutory appeals against Orders-in-Original passed under CGST Act, even when DRC-01 and DRC-07 notices lack proper signatures. This July 2026 ruling opens a critical window for affected businesses to challenge assessment orders.
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