EaseValueSection 148 Notice Without Jurisdiction 2026: Bombay HC Ruling
A recent Bombay High Court ruling (July 2026) has quashed Section 148 reassessment notices issued based on material found during income tax searches. The court held that when the IT Department discovers new income during a search, they must use Sections 153A or 153C, not Section 147 of the Income Tax Act 2025.
Section 250(6) CIT(A) Order Must Be Reasoned - ITAT Jaipur 2026
ITAT Jaipur has set aside an ex parte CIT(A) order for violating Section 250(6) of the Income Tax Act 2025, which mandates a reasoned appellate decision after effective hearing. This July 2026 ruling strengthens taxpayer rights during appeals.
Section 250(6) Speaking Order Requirement 2025 - ITAT Jaipur Ruling
In a significant July 2026 ruling, ITAT Jaipur has reinforced that CIT(A) must issue detailed speaking orders after proper hearing under Section 250(6) of the Income Tax Act 2025. Any ex parte or non-reasoned order will be set aside and remanded.
Sections 271D/271E Penalty Deleted: ITAT Jaipur 2026 Ruling
In a recent July 2026 ruling, ITAT Jaipur has deleted penalties under Sections 271D and 271E, holding that a cash transaction was not covered under the loan or deposit provisions of Sections 269SS and 269T. This is critical guidance for taxpayers facing similar penalty notices.
Section 43CA Inapplicable AY 2013-14 | Bombay HC Quashes Reopening 2026
In a significant ruling (July 2026), Bombay High Court has quashed a Section 148 reopening for AY 2013-14, holding that Section 43CA of the Income Tax Act 2025 was inapplicable and stamp duty valuation alone cannot form the basis for tax additions. This judgment provides important relief to taxpayers facing similar reopenings.
GST Turns 9 Years in 2026: India's Tax Reform Achievements & Road Ahead
Nine years after its July 2017 launch, GST has transformed India's indirect tax landscape with digitisation, unified rates, and expanded compliance. This current update covers what taxpayers need to know for AY 2026-27 and the pending reforms.
CBDT Approves IIHS for Section 45(3)(a)(ii) Social Science Research 2026
CBDT has officially notified the Indian Institute for Human Settlements (IIHS) as an approved institution for social science and statistical research under Section 45(3)(a)(ii) of the Income Tax Act 2025. This approval is effective from Assessment Year 2026-27 through 2030-31, bringing significant tax benefits to donors and research organizations.
BSNL VRS 2026 Compensation Tax Exempt Under Section 10(10B) - ITAT Ruling
In a significant July 2026 ruling, ITAT Pune has confirmed that BSNL VRS-2019 compensation qualifies as retrenchment compensation under Section 10(10B) of the Income Tax Act 2025, allowing complete tax exemption. This landmark decision provides relief to thousands of BSNL employees and opens doors for refund claims in previous assessment years.
Supreme Court Rejects 38-Year Specific Performance Suit 2026 | Limitation Act
In July 2026, the Supreme Court rejected a 38-year-old specific performance suit as time-barred under Article 54 of the Limitation Act. This ruling has significant implications for property transactions, capital gains taxation, and dispute resolution timelines for Indian taxpayers and businesses.
Nil Tax for Salaried Employees Up to ₹12.75 Lakh | New Tax Regime 2026
Good news for salaried employees in India: under the New Tax Regime for AY 2026-27, you can earn up to ₹12.75 lakh and pay absolutely zero income tax. This is possible due to the ₹75,000 standard deduction combined with Section 87A tax rebate introduced under Income Tax Act 2025.
Section 37(1) Compensatory Interest Deduction 2026 | No Section 14A Disallowance
A major July 2026 ruling clarifies that compensatory interest on delayed FM radio migration fees is fully deductible business expenditure under Section 37(1) of the Income Tax Act 2025, with NO disallowance under Section 14A when exempt income is zero. CSR donations also remain eligible for Section 80G deduction.
ITAT Ruling 2026: Section 143(1) Additions Cannot Be Challenged in 143(3) Appeal
A recent Bengaluru ITAT ruling (July 2026) clarifies that additions made during Section 143(1) intimation cannot be challenged in an appeal against scrutiny assessment under Section 143(3) if those issues were never examined by the Assessing Officer during scrutiny. This is a critical distinction for taxpayers and assessments in AY 2025-26 and beyond.
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