EaseValueSection 54F Deduction: Completion Certificate Not Required 2026
In a significant July 2026 ruling, ITAT Ahmedabad has clarified that Section 54F deduction cannot be denied merely for absence of completion certificate if other evidence proves timely construction. This is a major relief for homebuyers claiming capital gains exemption.
GST Pre-Deposit Order Set Aside 2026 | Orissa HC Ruling
In a significant July 2026 ruling, Orissa High Court has set aside a GST appellate order that wrongly required 10% pre-deposit on interest component. This landmark decision protects taxpayers from incorrect pre-deposit demands when interest is misclassified as tax.
Foreign Commission Export TDS Section 195 2025 | ITAT Delhi Ruling
In a significant ruling from July 2026, ITAT Delhi has held that commission paid to foreign agents for export services rendered outside India is not liable to TDS under Section 195. This is great news for exporters and trading companies managing foreign agent networks.
Section 270A Penalty Deleted: Excess Section 80G Deduction 2026
In a significant ruling dated July 2026, ITAT Jabalpur has deleted Section 270A penalty where a taxpayer claimed excess Section 80G deduction. The court held this was a genuine mistake, not wilful misreporting of income — offering important relief to charitable donors.
Form 3CD Clause 44 Reporting 2026: GST Linkages & Tax Assessment
Form 3CD Clause 44 has emerged as critical touchpoint between income-tax audit reporting and GST compliance in AY 2026-27. Recent judicial pronouncements now mandate stricter linkages, affecting how chartered accountants certify financial statements and tax positions.
Section 68 Addition Deleted Without Incriminating Material - ITAT Delhi 2026
This is a significant July 2026 update from ITAT Delhi where the tribunal deleted Section 68 additions in search-based assessments, holding that no incriminating material existed. This ruling provides important protection for taxpayers facing bogus purchase allegations.
NaBFID Zero Coupon Bond 2026: CBDT Notification & Tax Benefits
The CBDT has officially notified the National Bank for Financing Infrastructure and Development (NaBFID) ten-year zero coupon bond in July 2026. This notification clarifies the tax treatment and investment guidelines for individual and corporate investors under the Income Tax Act 2025.
CBDT Approves IIIT Dharwad Scientific Research Section 45 2026
In a significant recent development (July 2026), the Central Board of Direct Taxes (CBDT) has formally approved IIIT Dharwad for scientific research activities under Section 45 of the Income-tax Act, 2025. This approval brings important tax implications and compliance requirements for the institution and related donors.
NPCIL Asset Transfer to ASHVINI Tax-Neutral 2026 Section 47
CBDT has issued Notification No. 91/2026 making NPCIL's capital asset transfer to ASHVINI completely tax-neutral under section 47(viiaf) of Income Tax Act 2025 for FY 2025-26 (AY 2026-27). This is a significant development for government undertakings and strategic asset reorganization.
Delayed GST Appeal Heard on Merits 2026 - Karnataka HC Ruling
In a significant July 2026 ruling, Karnataka High Court has permitted a delayed GST appeal to be heard on merits, directing appellate authorities to ignore limitation objections. This is a major relief for businesses facing delayed appeals against Section 73 GST orders.
Karnataka HC GST ITC Relief 2026 - Rental Income Dispute Ruling
Karnataka High Court has granted interim relief in Section 74 GST proceedings involving disputed Input Tax Credit on rental income. Taxpayers must maintain 10% of the disputed ITC in their Electronic Credit Ledger as a condition of this relief.
ITAT Delhi Quashes Assessment: ACIT Lacks Section 143(2) Notice Jurisdiction 2026
In a significant July 2026 ruling, ITAT Delhi has quashed an entire assessment after finding that the ACIT (Assistant Commissioner of Income Tax) lacked jurisdiction to issue the Section 143(2) notice. This landmark judgment protects taxpayers from procedurally defective assessments.
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