EaseValueSection 68 Addition Deleted 2026: Share Application Money Tax Relief
In a major relief for companies, ITAT Kolkata has ruled that share application money cannot be taxed twice — once in subscribers' hands and again in the company's hands under Section 68. This July 2026 judgment impacts how companies report share capital additions in AY 2026-27 onwards.
PMLA Meets IBC 2026: Income Tax & Benami Property Battle Explained
In May 2026, a critical legal collision emerged between PMLA (anti-money laundering), Income Tax Act 2025, Benami Property Act, IBC and SARFAESI when seized assets get entangled in multiple recovery proceedings. This impacts AY 2025-26 assessments and asset seizure strategies.
Section 9(1)(vii) FTS Addition Set Aside 2026 - ITAT Delhi Ruling
In a significant July 2026 ruling, ITAT Delhi has set aside Foreign Tax Shelter (FTS) additions under Section 9(1)(vii), directing that taxability of legal services must be examined under the relevant Double Taxation Avoidance Agreement (DTAA). This impacts cross-border legal service providers.
Supreme Court 2026: GST Attachment & Tax Rulings – Key Cases
This is a current update on major Supreme Court rulings from July 2026 affecting GST compliance and income tax. Learn how these judgements impact your business and tax obligations in AY 2026-27.
Late PF/ESI Payment Disallowance Section 36 | ITAT Order 2026
In a significant ITAT order from July 2026, the tribunal has partly allowed an appeal challenging the disallowance of late-paid PF and ESI contributions under Section 36. This ruling clarifies important distinctions between prima facie adjustments and debatable issues during income tax assessment.
Transitional ITC Section 140 Not Refundable Under 54(3) - Gujarat HC 2026
In a significant July 2026 ruling, Gujarat High Court clarified that transitional Input Tax Credit carried under Section 140 of the GST law cannot be refunded as cash under Section 54(3). This affects GST-registered businesses planning refund claims.
1439-Day Appeal Delay Condoned by ITAT Kolkata 2026 | Fresh Assessment
In a landmark July 2026 ruling, ITAT Kolkata has condoned a massive 1439-day delay in filing an appeal and set aside the CIT(A)'s order for fresh adjudication. This decision provides significant relief to taxpayers facing appeal delays due to genuine hardship.
TDS Credit Cannot Be Denied for Employer's Failure 2026
In a landmark July 2026 ruling, ITAT Mumbai clarified that employees cannot lose TDS credit simply because their employer failed to deposit the deducted tax with the government. This is a significant protection for salaried taxpayers.
GST Reimbursement Claim 2026: Proof of Incremental Tax Required
A recent Karnataka High Court judgment has set an important precedent for GST reimbursement claims in 2026. Contractors and businesses must now provide documentary proof of incremental GST payments, making GST authority certification alone insufficient for reimbursement claims.
Differential GST Works Contracts 2026: State Reimbursement Karnataka HC Ruling
In a significant July 2026 ruling, Karnataka High Court has directed the State to determine and reimburse differential GST arising from GST implementation on works contracts. This landmark decision clarifies the State's liability for GST cost increase on pre-GST contractual obligations.
NRI Selling Property in India: Tax, TDS & How to Avoid Over-Deduction (2026)
When an NRI sells property in India, the buyer must deduct TDS on the sale value — often far more than the actual tax. Here is how the tax really works and how to stop the over-deduction.
How to Reply to a Section 143(2) Scrutiny Notice (2026)
A Section 143(2) notice means your return has been picked for scrutiny. Here is the time limit, what limited vs complete scrutiny means, and exactly how to reply under the faceless system.
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