EaseValueAPMC Commission Agent Tax Ruling 2026 - ITAT Remands ₹2.67 Cr Addition
In a major relief for agricultural commission agents, the Bengaluru ITAT has ruled that APMC commission agents cannot be taxed on their entire sale proceeds. This recent judgment remands a ₹2.67 crore cash deposit addition and clarifies income computation for commission-based agriculture businesses.
Section 56(2)(x) Property Purchase 2026 - Refund if Agreement Predates
A significant ITAT Mumbai ruling in July 2026 clarifies that Section 56(2)(x) does not apply to property purchases where the agreement date predates the provision's applicability. This means taxpayers who paid excess tax may now be eligible for refund.
Unregistered Charitable Trust Section 57(iii) Deduction 2026
In a significant July 2026 ruling, ITAT Mumbai clarified that denial of Section 11 exemption does not prevent unregistered charitable trusts from claiming deductions under Section 57(iii). This is a major win for charitable organizations filing returns.
Section 74 GST Proceedings 2026: Excess ITC & RCM Default Ruling
The Madras High Court has recently upheld Section 74 proceedings against a taxpayer for excess Input Tax Credit (ITC) availment and failure to pay GST under Reverse Charge Mechanism (RCM) on foreign booking agency commissions. This ruling has significant implications for businesses dealing with international service providers.
Interest from HO & Overseas Branches Not Taxable 2026 ITAT
In a significant July 2026 ruling, ITAT Mumbai held that interest received from head office and overseas branches is not taxable as self-income under Section 9(1)(v)(c) of the Income Tax Act 2025. This landmark decision provides relief to Indian companies with international operations.
Section 69 Addition Deleted: ITAT Ruling on Joint Ownership 2026
ITAT Mumbai has delivered a significant ruling in July 2026, deleting a Section 69 addition where the assessee successfully proved joint ownership of assets and established the legitimate source of funds for foreign investments through documentary evidence.
Section 68 Addition Deleted 2026: Share Application Money Tax Relief
In a major relief for companies, ITAT Kolkata has ruled that share application money cannot be taxed twice — once in subscribers' hands and again in the company's hands under Section 68. This July 2026 judgment impacts how companies report share capital additions in AY 2026-27 onwards.
PMLA Meets IBC 2026: Income Tax & Benami Property Battle Explained
In May 2026, a critical legal collision emerged between PMLA (anti-money laundering), Income Tax Act 2025, Benami Property Act, IBC and SARFAESI when seized assets get entangled in multiple recovery proceedings. This impacts AY 2025-26 assessments and asset seizure strategies.
Section 9(1)(vii) FTS Addition Set Aside 2026 - ITAT Delhi Ruling
In a significant July 2026 ruling, ITAT Delhi has set aside Foreign Tax Shelter (FTS) additions under Section 9(1)(vii), directing that taxability of legal services must be examined under the relevant Double Taxation Avoidance Agreement (DTAA). This impacts cross-border legal service providers.
Supreme Court 2026: GST Attachment & Tax Rulings – Key Cases
This is a current update on major Supreme Court rulings from July 2026 affecting GST compliance and income tax. Learn how these judgements impact your business and tax obligations in AY 2026-27.
Late PF/ESI Payment Disallowance Section 36 | ITAT Order 2026
In a significant ITAT order from July 2026, the tribunal has partly allowed an appeal challenging the disallowance of late-paid PF and ESI contributions under Section 36. This ruling clarifies important distinctions between prima facie adjustments and debatable issues during income tax assessment.
Transitional ITC Section 140 Not Refundable Under 54(3) - Gujarat HC 2026
In a significant July 2026 ruling, Gujarat High Court clarified that transitional Input Tax Credit carried under Section 140 of the GST law cannot be refunded as cash under Section 54(3). This affects GST-registered businesses planning refund claims.
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