EaseValueITAT Remands Ex Parte Assessment Demonetisation Cash 2026
In a significant ruling, Bengaluru ITAT has remanded an ex parte assessment order where income was estimated solely based on bank deposits without supporting evidence. The court directed the Assessing Officer to conduct fresh examination and recompute income on proper documented evidence.
GST at 9 Years in 2026: Gains, Challenges & Compliance Updates
This is a current update on GST's nine-year performance as of July 2026, highlighting major gains in revenue collection and digital compliance infrastructure, alongside persistent challenges in Input Tax Credit disputes and regulatory complexity that continue to impact businesses across India.
Director Resignation Before ITR Filing: Section 276CC 278B Prosecution Quashed 2026
A recent Bombay High Court judgment has quashed criminal prosecution under Sections 276CC and 278B of the Income Tax Act 2025 after finding that the director had already resigned before the company's income tax return filing deadline. This ruling provides critical protection for directors who step down before tax compliance defaults occur.
Section 153C Jurisdiction Invalidated: Single Satisfaction Note Multiple Years 2025-26
A recent ITAT Delhi judgment has invalidated assessments made under Section 153C where a single consolidated satisfaction note covered multiple assessment years. This ruling provides significant relief to taxpayers facing jurisdiction challenges from income tax authorities.
Supreme Court Constitutional Judgments 2025-26: Income Tax Impact
This is a recent update from July 2026 covering landmark Supreme Court constitutional law judgments delivered in 2025 that directly impact Income Tax assessment and taxpayer rights under the new Income Tax Act 2025.
Duplicate PAN Issue: ITAT Deletes Section 69 Addition 2026
In a significant July 2026 ruling, ITAT Bangalore has held that a return filed under the correct PAN cannot be ignored or rejected merely because a duplicate PAN exists in the Income Tax system. The tribunal deleted Section 69 additions, providing relief to taxpayers caught in PAN duplication issues.
APMC Commission Agent Tax Ruling 2026 - ITAT Remands ₹2.67 Cr Addition
In a major relief for agricultural commission agents, the Bengaluru ITAT has ruled that APMC commission agents cannot be taxed on their entire sale proceeds. This recent judgment remands a ₹2.67 crore cash deposit addition and clarifies income computation for commission-based agriculture businesses.
Section 56(2)(x) Property Purchase 2026 - Refund if Agreement Predates
A significant ITAT Mumbai ruling in July 2026 clarifies that Section 56(2)(x) does not apply to property purchases where the agreement date predates the provision's applicability. This means taxpayers who paid excess tax may now be eligible for refund.
Unregistered Charitable Trust Section 57(iii) Deduction 2026
In a significant July 2026 ruling, ITAT Mumbai clarified that denial of Section 11 exemption does not prevent unregistered charitable trusts from claiming deductions under Section 57(iii). This is a major win for charitable organizations filing returns.
Section 74 GST Proceedings 2026: Excess ITC & RCM Default Ruling
The Madras High Court has recently upheld Section 74 proceedings against a taxpayer for excess Input Tax Credit (ITC) availment and failure to pay GST under Reverse Charge Mechanism (RCM) on foreign booking agency commissions. This ruling has significant implications for businesses dealing with international service providers.
Interest from HO & Overseas Branches Not Taxable 2026 ITAT
In a significant July 2026 ruling, ITAT Mumbai held that interest received from head office and overseas branches is not taxable as self-income under Section 9(1)(v)(c) of the Income Tax Act 2025. This landmark decision provides relief to Indian companies with international operations.
Section 69 Addition Deleted: ITAT Ruling on Joint Ownership 2026
ITAT Mumbai has delivered a significant ruling in July 2026, deleting a Section 69 addition where the assessee successfully proved joint ownership of assets and established the legitimate source of funds for foreign investments through documentary evidence.
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