EaseValueCBDT Approves IIHS for Section 45(3)(a)(ii) Social Science Research 2026
CBDT has officially notified the Indian Institute for Human Settlements (IIHS) as an approved institution for social science and statistical research under Section 45(3)(a)(ii) of the Income Tax Act 2025. This approval is effective from Assessment Year 2026-27 through 2030-31, bringing significant tax benefits to donors and research organizations.
BSNL VRS 2026 Compensation Tax Exempt Under Section 10(10B) - ITAT Ruling
In a significant July 2026 ruling, ITAT Pune has confirmed that BSNL VRS-2019 compensation qualifies as retrenchment compensation under Section 10(10B) of the Income Tax Act 2025, allowing complete tax exemption. This landmark decision provides relief to thousands of BSNL employees and opens doors for refund claims in previous assessment years.
Supreme Court Rejects 38-Year Specific Performance Suit 2026 | Limitation Act
In July 2026, the Supreme Court rejected a 38-year-old specific performance suit as time-barred under Article 54 of the Limitation Act. This ruling has significant implications for property transactions, capital gains taxation, and dispute resolution timelines for Indian taxpayers and businesses.
Nil Tax for Salaried Employees Up to ₹12.75 Lakh | New Tax Regime 2026
Good news for salaried employees in India: under the New Tax Regime for AY 2026-27, you can earn up to ₹12.75 lakh and pay absolutely zero income tax. This is possible due to the ₹75,000 standard deduction combined with Section 87A tax rebate introduced under Income Tax Act 2025.
Section 37(1) Compensatory Interest Deduction 2026 | No Section 14A Disallowance
A major July 2026 ruling clarifies that compensatory interest on delayed FM radio migration fees is fully deductible business expenditure under Section 37(1) of the Income Tax Act 2025, with NO disallowance under Section 14A when exempt income is zero. CSR donations also remain eligible for Section 80G deduction.
ITAT Ruling 2026: Section 143(1) Additions Cannot Be Challenged in 143(3) Appeal
A recent Bengaluru ITAT ruling (July 2026) clarifies that additions made during Section 143(1) intimation cannot be challenged in an appeal against scrutiny assessment under Section 143(3) if those issues were never examined by the Assessing Officer during scrutiny. This is a critical distinction for taxpayers and assessments in AY 2025-26 and beyond.
ITAT Remands Ex Parte Assessment Demonetisation Cash 2026
In a significant ruling, Bengaluru ITAT has remanded an ex parte assessment order where income was estimated solely based on bank deposits without supporting evidence. The court directed the Assessing Officer to conduct fresh examination and recompute income on proper documented evidence.
GST at 9 Years in 2026: Gains, Challenges & Compliance Updates
This is a current update on GST's nine-year performance as of July 2026, highlighting major gains in revenue collection and digital compliance infrastructure, alongside persistent challenges in Input Tax Credit disputes and regulatory complexity that continue to impact businesses across India.
Director Resignation Before ITR Filing: Section 276CC 278B Prosecution Quashed 2026
A recent Bombay High Court judgment has quashed criminal prosecution under Sections 276CC and 278B of the Income Tax Act 2025 after finding that the director had already resigned before the company's income tax return filing deadline. This ruling provides critical protection for directors who step down before tax compliance defaults occur.
Section 153C Jurisdiction Invalidated: Single Satisfaction Note Multiple Years 2025-26
A recent ITAT Delhi judgment has invalidated assessments made under Section 153C where a single consolidated satisfaction note covered multiple assessment years. This ruling provides significant relief to taxpayers facing jurisdiction challenges from income tax authorities.
Supreme Court Constitutional Judgments 2025-26: Income Tax Impact
This is a recent update from July 2026 covering landmark Supreme Court constitutional law judgments delivered in 2025 that directly impact Income Tax assessment and taxpayer rights under the new Income Tax Act 2025.
Duplicate PAN Issue: ITAT Deletes Section 69 Addition 2026
In a significant July 2026 ruling, ITAT Bangalore has held that a return filed under the correct PAN cannot be ignored or rejected merely because a duplicate PAN exists in the Income Tax system. The tribunal deleted Section 69 additions, providing relief to taxpayers caught in PAN duplication issues.
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