EaseValueIncome Tax Practitioner Registration 2026: One-Year Practice Rule Explained
The Madras High Court has clarified that the one-year practice requirement under Rule 257 is only for formal registration as an Income Tax Practitioner, not a bar to representation rights under Section 515 of the Income Tax Act 2025. This recent June 2026 judgment is crucial for aspiring tax professionals.
GST Registration Cancellation 2026: High Court Rules Reasoned Order Mandatory
In a significant June 2026 ruling, High Courts have declared that GST registration cancellation requires proper reasoned orders, not mechanical checkbox-style decisions. This protects taxpayers from arbitrary cancellations and mandates procedural compliance by tax authorities.
GST Penalty on Directors 2026: Bombay HC Rules Personal Benefit Required
In a major relief for company directors, the Bombay High Court has ruled in June 2026 that GST penalties under Section 122(1A) cannot be imposed unless the Revenue proves the director personally benefited from the transaction. This recent judgment significantly protects corporate officials from arbitrary penalty action.
Madras HC GST Credit Ledger Unblocking 2026 - Rs. 5 Lakh Deposit
In a significant June 2026 ruling, the Madras High Court has ordered the unblocking of GST electronic credit ledgers upon deposit of Rs. 5 lakh, while directing adjudication of DRC-01 notices on merits. This landmark judgement provides relief to businesses facing credit ledger blocks during GST assessments.
ITAT Transfer Pricing Ruling 2026: ₹61.22 Cr TP Adjustment Deleted
In a significant June 2026 ruling, ITAT Mumbai has deleted a ₹61.22 crore transfer pricing adjustment after finding identical facts to an earlier assessment year. The tribunal affirmed that unreversed coordinate bench decisions remain binding even when High Court appeals are pending.
Section 69 Addition Deleted 2026 - Property Investment Year Rules
In a significant ITAT Ahmedabad ruling from June 2026, unexplained property investments under Section 69 can only be added to income in the year the investment is actually made. This decision provides critical relief for taxpayers facing additions in different assessment years.
TP Adjustment Deleted Under Section 80-IA(10) 2025-26 | ITAT Ruling
In a significant June 2026 ITAT ruling, transfer pricing adjustments under Section 80-IA(10) have been set aside for failure to establish statutory conditions and profit shifting. This is critical for businesses claiming deductions under Section 80-IA during AY 2025-26.
ITAT Section 69A Remand 2026: Additional Evidence & Fresh DRP Adjudication
In a significant June 2026 ruling, ITAT Ahmedabad has remanded a Section 69A addition back to the DRP after admitting additional evidence on foreign remittances. This recent judgment clarifies that documentary proof of fund sources can overturn unexplained income additions.
Appeal Delay Condonation 2026: ITAT Ruling on Legal Advice | Income Tax
In a significant June 2026 ruling, ITAT Ahmedabad held that insufficient legal advice is enough reason to condon delay in filing appeals before CIT(A). This provides relief to taxpayers who missed deadlines due to poor professional guidance.
R&D Deduction 2026: ITAT Orders 200% Instead of 100% - Section 35(2AB)
In a significant June 2026 ruling, ITAT Chennai has directed Assessing Officers to grant the full 200% weighted deduction on DSIR-certified R&D capital expenditure under section 35(2AB), not just 100%. This is a major win for research-driven companies.
Chhattisgarh HC Dismisses Tax Evasion Writ 2026 - Mandamus Ruling
In a significant June 2026 ruling, Chhattisgarh High Court dismissed a writ petition seeking action on a tax evasion complaint, holding that no grounds existed to issue a writ of mandamus. This recent judgment clarifies procedural safeguards for taxpayers against premature tax enforcement action.
Section 68 Addition 2026: ITAT Delhi Rules Suspicion Not Evidence
In a landmark June 2026 ruling, ITAT Delhi has held that Income Tax additions under Section 68 cannot be sustained on suspicion alone—the assessee must establish the identity, creditworthiness, and genuineness of the lender. This is a major relief for businesses facing cash deposit scrutiny.
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