EaseValueSafari Retreats SC Judgment 2026: ITC Relief on Hotels & Malls Explained
The Supreme Court's Safari Retreats judgment brought temporary relief to hospitality and real estate sectors on Input Tax Credit claims, but a retrospective legislative amendment has significantly limited its scope. This July 2026 update explains what changed and how it affects your business.
No LTCG Tax Scrapping in 2026 | Finance Ministry Clarifies | EaseValue
The Finance Ministry has officially clarified that there is NO proposal to eliminate Long-Term Capital Gains (LTCG) tax in India. This recent statement puts to rest speculation among investors about potential tax relief on equity investments.
LTCG Tax Not Being Scrapped 2026 | FPI G-Sec Exemption from April
The Finance Ministry has officially clarified that there is no proposal to scrap Long-Term Capital Gains (LTCG) tax in India. Simultaneously, the government has confirmed a tax exemption for Foreign Portfolio Investors (FPI) on Government Securities income, effective 1 April 2026.
ITAT Bangalore 2026: Ad Hoc Commission Income Estimate Rejected - What Taxpayers Need to Know
In a significant July 2026 ruling, ITAT Bangalore rejected the tax department's unsupported 8% ad hoc commission income estimate, remanding the matter for fresh verification. This decision protects taxpayers from arbitrary income assessments.
Fake Tax Authority Checklist July 2026 Email Scam - EaseValue Alert
A dangerous phishing email titled 'Tax Authority Checklist for July 2026' is circulating, impersonating the Ministry of Finance and Income Tax Department. This recent scam targets taxpayers with malicious attachments and fake compliance demands.
GST Registration Cancellation Quashed 2026 - HP HC Ruling
In a significant ruling from July 2026, Himachal Pradesh High Court has quashed a retrospective GST registration cancellation order, emphasizing the need for proper reasons and adjudication. This landmark judgment protects taxpayers from arbitrary cancellation actions.
Section 148 Reopening: Gujarat HC Ruling 2026 on Survey Material
This is a critical July 2026 update: Gujarat High Court has upheld reassessment under Sections 147-148 of the Income Tax Act 2025, based on fresh survey material and taxpayer statements. This ruling directly impacts how income tax authorities can reopen your assessment.
Section 148 Notice Time-Barred After Upload 2026 – HC Ruling
In a landmark July 2026 ruling, Calcutta High Court held that a Section 148 reassessment notice uploaded after the statutory limitation period was time-barred and invalid. This is crucial for taxpayers facing reassessment in AY 2025-26.
CIT Cannot Cancel Section 12A Registration Before 2004: SC Ruling 2026
In a landmark July 2026 ruling, the Supreme Court held that the CIT (Commissioner of Income Tax) had no authority to cancel Section 12A registration granted before 01.10.2004. This decision restores critical protection for NGOs and charitable trusts and sets aside conflicting High Court judgments.
Telangana HC Dismisses GST Summons Writ 2026 – Section 70 Guide
In a recent July 2026 ruling, Telangana High Court dismissed writ petitions challenging GST summons under Section 70 after petitioners withdrew their cases. This development has important implications for how businesses should respond to GST demands.
Section 80G CSR Donations Deduction 2026: ITAT Mumbai Ruling
In a significant July 2026 ruling, ITAT Mumbai has allowed Section 80G deductions on CSR donations, but with a critical condition—verification by the Assessing Officer is mandatory. This impacts how companies and individuals claim charitable donation deductions in AY 2026-27.
Section 68 Customer Booking Advances: ITAT Mumbai 2026 Ruling
In a major relief for businesses, ITAT Mumbai has ruled that customer booking advances cannot be treated as unexplained cash credits under Section 68 of the Income Tax Act 2025. This recent judgment dismisses Revenue's challenge and protects legitimate business income from wrongful scrutiny.
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