EaseValueKarnataka HC Quashes Reassessment 2026: New Allegations Without Notice
In a significant ruling from July 2026, the Karnataka High Court quashed reassessment orders where the Income Tax Department introduced fresh allegations without giving taxpayers adequate opportunity to respond. This is a major win for taxpayer rights under the Income Tax Act 2025.
Transfer Pricing Adjustment Limited to International AE Transactions 2026
In a landmark July 2026 ruling, Bangalore ITAT has clarified that transfer pricing adjustments apply exclusively to international transactions with Associated Enterprises. This recent decision provides critical relief to businesses managing domestic operations.
Maharashtra Child Labour Rules 2025: Tax & Compliance Impact
Maharashtra has notified amended Child and Adolescent Labour Rules in 2025, introducing stricter safeguards for child artists and new rehabilitation fund requirements. This impacts employers and individuals engaged in child performance activities.
Single GST Assessment Order Multiple Years Invalid 2026 HC Ruling
In a landmark July 2026 ruling, Andhra Pradesh High Court has invalidated a single GST assessment order that covered multiple tax periods. This means GST authorities must issue separate assessment orders for each financial year.
Section 148 Notice Quashed: Escaped Income Below ₹50 Lakh Threshold 2026
In a significant ruling (July 2026), Calcutta High Court quashed a Section 148 reassessment notice because the alleged escaped income was below the ₹50 lakh threshold mandated by Section 149(1)(b) of the Income Tax Act 2025. This decision reinforces stricter compliance requirements for tax officers before initiating reassessment proceedings.
CIT(A) Can't Reject Time-Barred Appeal Without Hearing 2026
In a landmark July 2026 ruling, ITAT Delhi has clarified that the CIT(A) cannot summarily dismiss a time-barred appeal without giving the taxpayer a fair hearing on the condonation request. This is critical protection for anyone filing late appeals.
Section 69A Addition Reduced ₹2.26 Cr to ₹5 Lakh 2026 ITAT Delhi
In a major relief for taxpayers, ITAT Delhi has significantly reduced a Section 69A addition from ₹2.26 crore to just ₹5 lakh, holding that cash deposits were substantially supported by withdrawals and available evidence. This July 2026 ruling provides critical guidance on cash deposit scrutiny during income tax assessments.
Income Tax Assessment Order Date: Bombay HC Ruling 2026
In a significant July 2026 ruling, the Bombay High Court has clarified that an Income Tax assessment order becomes operative only from the date it is signed, not from the date it is prepared. This landmark decision has major implications for reassessment validity and limitation periods under the Income Tax Act 2025.
Section 10(23C)(iiiad) Benefit 2026: Turnover Below ₹1 Crore - ITAT Ruling
In a significant ruling, ITAT Amritsar has allowed Section 10(23C)(iiiad) benefit after the taxpayer's turnover fell below ₹1 crore when contra van rent entries were excluded. This is a recent development that impacts small businesses and trusts claiming charitable exemption.
Section 36(1)(iii) Interest Disallowance Deleted 2026 ITAT Delhi Ruling
In a major ruling from July 2026, ITAT Delhi has deleted interest disallowance under Section 36(1)(iii) where interest-free loans were advanced to a wholly owned subsidiary for genuine business purposes. This is a significant win for corporate taxpayers with group structures.
Section 148 Reassessment Quashed Invalid Section 151 Sanction 2026
In a major win for taxpayers, ITAT Mumbai has quashed a reassessment notice issued under Section 148 because it lacked proper sanction from the competent authority under Section 151 of the Income Tax Act 2025. This recent ruling from July 2026 clarifies critical procedural requirements for income tax notices.
NGTP Tagging & GST Enforcement Issues for Scrap Dealers 2026
July 2026 brings critical GST enforcement issues for scrap dealers involving NGTP tagging and retrospective registration cancellations. This recent update explains what genuine dealers must do to protect their business.
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