EaseValueSection 37 Bogus Purchase & Section 69A Gold Addition Deleted ITAT 2026
In a recent ITAT Mumbai ruling (July 2026), the tribunal deleted bogus purchase additions under Section 37 and upheld deletion of Section 69A gold additions after finding all purchases were genuine and properly recorded in books. This is a significant win for taxpayers maintaining proper documentation.
Section 147 Reassessment Quashed 2026 - No Income Escaped ITAT Agra
In a significant ruling for AY 2025-26, ITAT Agra has quashed a Section 147 reassessment order, holding that the alleged escaped income was already accounted for in the assessee's declared sale proceeds. This judgment provides important protection for taxpayers against arbitrary reassessment notices.
ITAT Dismisses Appeal: AR Without Uniform in Virtual Hearing 2026
In a recent ruling, ITAT Cuttack dismissed an assessee's appeal because the authorised representative appeared in a virtual hearing without following the prescribed uniform dress code under Standard Operating Procedure. This decision highlights strict compliance requirements for virtual proceedings before tax tribunals in 2026.
Section 74 ITC Blocked Credits Madras HC 2026 Ruling
In a significant July 2026 ruling, Madras High Court has upheld Section 74 proceedings against businesses that wrongfully claimed Input Tax Credit (ITC) on blocked items. This recent judgment confirms that the extended limitation period for such proceedings is legally valid.
Foreign Exchange Gain Operating Income TNMM 2026 ITAT Delhi Ruling
In a significant July 2026 ruling, ITAT Delhi has clarified that foreign exchange gains qualify as operating income under the Transactional Net Margin Method (TNMM). This impacts how multinational companies in India calculate transfer pricing adjustments.
Aircraft Lease Income Not Taxable Under DTAA 2026 - ITAT Mumbai Ruling
In a significant July 2026 ruling, ITAT Mumbai held that aircraft lease rental income is not taxable in India under Article 8 of the India-Ireland Double Taxation Avoidance Agreement (DTAA). The tribunal also found no Permanent Establishment (PE) in India, providing major relief to lessors.
GST Show-Cause Notice Multi-Year Clubbing Illegal - HC Ruling 2026
In a landmark July 2026 ruling, Calcutta High Court has quashed a ₹10.97 crore GST show-cause notice issued to SBI, holding that GST authorities cannot club multiple financial years in a single notice. This judgment protects taxpayers from improper consolidated demand notices.
GST Refund Cannot Be Withheld Without Stay Order - Delhi HC 2026
In a landmark July 2026 ruling, Delhi High Court has directed that GST refunds cannot be withheld merely because an appeal is pending. Learn what this means for your business and refund claims.
BSNL VRS Compensation Exempt Section 10(10B) ITAT Pune 2026
In a landmark ruling from July 2026, ITAT Pune has declared BSNL VRS (Voluntary Retirement Scheme) compensation completely exempt under Section 10(10B) of the Income Tax Act 2025. This decision provides significant relief to thousands of telecom sector employees who accepted VRS packages.
BSNL VRS Compensation Section 10(10B) Exemption 2026 - ITAT Ruling
In a major relief for BSNL employees, ITAT Panaji has ruled in July 2026 that BSNL VRS-2019 compensation qualifies for full exemption under Section 10(10B) of the Income Tax Act 2025. This means VRS recipients can now claim tax-free retrenchment benefits without CIT(A) challenges.
User Charges Beyond Statutory Fees GST Taxable 2026 Telangana AAR
In a significant GST ruling (July 2026), Telangana Authority for Advance Rulings clarified that user charges collected beyond statutory fees are NOT exempt from GST. This affects all e-governance service providers collecting additional charges.
US-Listed RSU/ESOP Capital Gains Tax AY 2026-27: Complete Guide
Fresh guidance on reporting capital gains from US-listed RSU and ESOP sales for AY 2026-27 is now critical for Indian employees working in tech and MNCs. This update covers Schedule FA filing, Schedule CG computation, advance tax deadlines, and TCS implications.
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