EaseValueAP HC Golden Traders Ruling 2026: Transit Not Jurisdiction Under GST
The Andhra Pradesh High Court's recent Golden Traders judgment clarifies that transit through a State does not establish jurisdiction for GST assessment. This ruling impacts how authorities can claim taxing rights over inter-State supplies.
Bad Debt Write-Off: ITAT Ruling 2026 on Section 36(2)(iv) Relief
In a significant July 2026 ruling, Mumbai ITAT has clarified that once a bad debt is formally written off in the books, the Assessing Officer cannot demand further proof of irrecoverability under Section 36(2)(iv) of the Income Tax Act 2025. The transitional four-year rule does not apply to already-written-off debts.
Section 271D Penalty Deleted | Journal Entry Loans 2025-26 | ITAT Ruling
In a landmark July 2026 ruling, Mumbai ITAT has deleted Section 271D penalties on loan transfers made through journal entries during genuine group restructuring. This decision provides significant relief for businesses undergoing corporate reorganization.
Trust Net Income Taxed Not Gross 2026 ITAT Ruling Section 11
In a significant July 2026 ruling, Hyderabad ITAT clarified that trusts must be taxed on net income rather than gross receipts when Section 11 exemption is unavailable. This is a major win for trust assessees across India.
Section 147 Reassessment Quashed 2026: Jurisdiction Rules ITAT
In a significant ruling from July 2026, ITAT Kolkata has quashed a reassessment notice issued by a non-jurisdictional Assessing Officer. This decision protects taxpayers from invalid reassessment proceedings and reinforces strict jurisdictional requirements.
Telangana HC GST Appeal DRC-01 DRC-07 Unsigned 2026
The Telangana High Court has granted taxpayers the right to file statutory appeals against Orders-in-Original passed under CGST Act, even when DRC-01 and DRC-07 notices lack proper signatures. This July 2026 ruling opens a critical window for affected businesses to challenge assessment orders.
Section 143(2) Assessment Quashed 2026 - ITAT Ruling on AO Notice
In a significant ruling, ITAT Kolkata has quashed an assessment order because the Assessing Officer failed to issue the mandatory notice under Section 143(2) of the Income Tax Act 2025. This recent judgment (July 2026) is a major win for taxpayers and reinforces strict compliance requirements for tax authorities.
CBDT AEOI Foreign Financial Data in AIS 2026 – Taxpayer Access
In a significant July 2026 CBDT order, foreign financial information received through AEOI (Automatic Exchange of Information) will now be integrated into the Annual Information Statement (AIS) for taxpayer viewing. This move enhances transparency and gives taxpayers advance notice of international financial data reported to Indian tax authorities.
Q1 TDS TCS Return Filing 2026-27: New Forms & Due Dates
The Income Tax Act 2025 brings significant changes to TDS and TCS return filing for Q1 of Tax Year 2026-27. This is a current update on new forms, due dates, and compliance requirements that every employer, deductor, and collector must know.
GST Registration Cancellation: Section 107 Appeal Available 2026
In a significant July 2026 ruling, Karnataka High Court clarified that GST registration cancellation orders can be challenged through Section 107 appeals under the CGST Act, protecting taxpayer rights.
Karnataka HC Quashes Reassessment 2026: New Allegations Without Notice
In a significant ruling from July 2026, the Karnataka High Court quashed reassessment orders where the Income Tax Department introduced fresh allegations without giving taxpayers adequate opportunity to respond. This is a major win for taxpayer rights under the Income Tax Act 2025.
Transfer Pricing Adjustment Limited to International AE Transactions 2026
In a landmark July 2026 ruling, Bangalore ITAT has clarified that transfer pricing adjustments apply exclusively to international transactions with Associated Enterprises. This recent decision provides critical relief to businesses managing domestic operations.
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