EaseValueGST Input Tax Credit Protection 2026: Buyer Safety Rules Update
The GST Council has proposed major changes to protect honest buyers' Input Tax Credit (ITC) even when sellers fail to deposit tax. This July 2026 update explains GSTR-2B's critical role and what you must do immediately.
GST At 9 Years 2026: Simplification & Compliance Reforms for Taxpayers
Nine years into GST implementation, India's tax system is generating strong revenue while facing calls for simplification. This July 2026 update explains what's changing for businesses and individuals in the current tax year.
Goodwill Depreciation Slump Sale 2026: ITAT Chennai Ruling
In a significant July 2026 ruling, ITAT Chennai has upheld depreciation benefits on goodwill acquired through slump sale business acquisitions. This judgment clarifies that acquired business rights qualify as eligible intangible assets under the Income Tax Act 2025.
Service Tax Exemption for Government Health Services 2026 – CESTAT Ruling
In July 2026, CESTAT Ahmedabad has confirmed that government health services remain exempt from service tax under Notification No. 25/2012-ST, dropping pending demands. This ruling provides critical clarity for healthcare providers and hospitals operating under government schemes.
Advance Tax Provisions in Income-tax Act 2025 – Updated Sections
The Income-tax Act 2025 has retained all advance tax provisions with renumbered sections replacing the old 1961 Act framework. This July 2026 update clarifies payment schedules and compliance requirements for salaried and self-employed taxpayers in India.
Section 80P(2)(d) Cooperative Bank Interest Deduction 2026 - ITAT Ruling
In a recent July 2026 ruling, ITAT Pune has confirmed that cooperative bank interest qualifies for deduction under Section 80P(2)(d) of the Income Tax Act 2025. This is good news for members of cooperative societies earning interest income.
Section 40(a)(i) Disallowance Deleted DTAA 2026 ITAT Delhi Ruling
In a significant July 2026 ruling, ITAT Delhi has deleted Section 40(a)(i) disallowance by applying the non-discrimination clause of the India-Japan Double Taxation Avoidance Agreement. This landmark decision offers relief to businesses making payments to foreign entities.
Section 2(47)(v) Capital Gains Deleted 2026: ITAT Bangalore Ruling
ITAT Bangalore has ruled that Section 2(47)(v) capital gains exemption cannot apply when a Joint Development Agreement (JDA) fails to satisfy the conditions under Section 53A of the Income Tax Act 2025. This recent judgment impacts real estate developers and property owners significantly.
MCA Extends CCFS-2026 Deadline to August 31 - Statutory Filing Relief
The Ministry of Corporate Affairs has extended the Companies Compliance Facilitation Scheme (CCFS-2026) deadline to 31 August 2026, providing relief to companies facing MCA system restoration challenges. This extension gives businesses critical time to complete pending statutory filings without penalties.
GST Order Set Aside for Deceased Person 2026 - Madras HC Ruling
In a significant ruling, the Madras High Court has set aside a GST order that was passed against a deceased person, emphasizing the importance of legal procedure and natural justice. This 2026 judgment provides critical relief for legal heirs facing GST demands against deceased taxpayers.
Section 37 Bogus Purchase & Section 69A Gold Addition Deleted ITAT 2026
In a recent ITAT Mumbai ruling (July 2026), the tribunal deleted bogus purchase additions under Section 37 and upheld deletion of Section 69A gold additions after finding all purchases were genuine and properly recorded in books. This is a significant win for taxpayers maintaining proper documentation.
Section 147 Reassessment Quashed 2026 - No Income Escaped ITAT Agra
In a significant ruling for AY 2025-26, ITAT Agra has quashed a Section 147 reassessment order, holding that the alleged escaped income was already accounted for in the assessee's declared sale proceeds. This judgment provides important protection for taxpayers against arbitrary reassessment notices.
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