EaseValueSection 269SS Loan Rule 2026: Student Visa Cash Support ITAT Ruling
In a significant July 2026 ruling, ITAT Chennai held that temporary cash support received to demonstrate funds for student visa applications does not constitute a loan under Section 269SS of the Income Tax Act 2025. This means no penalty liability under Section 271D for such transactions.
Section 69 vs 69A Wrong Mention ITAT 2026 - Addition Valid
In a significant ruling from July 2026, ITAT Hyderabad clarified that a wrong citation of Section 69 instead of Section 69A in an assessment order does not automatically invalidate the addition made by the Assessing Officer. This judgment impacts taxpayers facing cash or unexplained investment additions during AY 2025-26.
Section 143(2) Notice Required for 158BC Assessment 2025-26
A recent Patna High Court judgment has set aside a Section 158BC assessment for failure to issue the mandatory Section 143(2) notice, with no cure possible under Section 292BB. This is crucial for taxpayers facing reopened assessments in AY 2025-26.
Section 80P Deduction on Co-operative Bank Interest 2026 - ITAT Ruling
ITAT Pune has ruled in favour of taxpayers, allowing deduction under Section 80P for interest earned from co-operative and scheduled bank deposits. This is a significant win for individuals and HUFs earning interest income in AY 2026-27.
Section 80P Deduction Bank Interest Co-operative Credit Society 2026
In a significant ruling from July 2026, ITAT Pune has allowed deduction under Section 80P(2)(a)(i) on interest earned from deposits with co-operative and scheduled banks. This ruling provides clarity and relief to co-operative credit societies claiming tax deductions on bank interest income.
Section 80P Deduction on Co-op Credit Society Interest 2026 — ITAT Ruling
In a significant ruling for co-operative society members, ITAT Pune has allowed deduction under Section 80P(2)(a)(i) on interest and dividend income earned from co-operative bank deposits. This overturns the NFAC order and clarifies tax treatment of co-op credit society income.
Bombay HC Externment Order 2026: Fundamental Rights & Free Speech Protection
In a landmark July 2026 ruling, the Bombay High Court has set aside externment orders, emphasizing that opposing government policies cannot justify police action that infringes fundamental rights. This recent decision has significant implications for how businesses and individuals can engage in lawful protests without fear of legal harassment.
Section 80JJAA Claim Rejected: ITAT Ruling 2026 – What Taxpayers Must Know
In a significant July 2026 ruling, ITAT Mumbai rejected a taxpayer's Section 80JJAA deduction claim because it was not claimed in the original return of income. This decision has critical implications for all taxpayers seeking employment-linked deductions.
Section 68 Addition Deleted: ITAT Delhi Ruling 2026 on Loan Documents
In a significant ruling, ITAT Delhi has dismissed the Revenue's appeal and deleted Section 68 additions where loans are properly documented and supported by banking records. This is a major win for taxpayers facing cash credit scrutiny in AY 2026-27.
GST on Service Advances 2026: Tax Payable Before Work Begins?
A critical GST clarification in July 2026 explains when tax becomes payable on service advances received before actual work begins. This impacts how service providers and clients must account for deposits and upfront payments.
GST Practitioner Professional Practice Scope 2026 - CGST Act Rules
CBIC has clarified the scope of professional practice for GST Practitioners under CGST Act and Rules in July 2026. This update affects enrolment eligibility, authorised functions, and representation before GST authorities across India.
GST ITC Blocked on Cars, Staff Meals & Office Renovation 2026
A July 2026 clarification confirms GST Input Tax Credit (ITC) remains blocked on passenger cars, employee meals, and office renovation under Section 17(5) of CGST Act. Businesses claiming ITC on these items face hefty penalties—here's what changed and how to stay compliant.
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