TaxGuru.in - Daily Newsletter

Section 147 Reassessment Quashed as No Income Escaped Assessment: ITAT Agra

CA Sandeep Kanoi — Fri, 10 Jul 2026 14:06:15 +0000

ITAT Agra quashed the Section 147 reassessment, holding the amount alleged to have escaped assessment was already included in the assessee's sale proceeds.

The post Section 147 Reassessment Quashed as No Income Escaped Assessment: ITAT Agra appeared first on TaxGuru.

Appeal Dismissed as AR Appeared Without Prescribed Uniform in Virtual Hearing: ITAT Cuttack

CA Sandeep Kanoi — Fri, 10 Jul 2026 14:05:51 +0000

ITAT Cuttack dismissed the appeal after noting the assessee's authorised representative appeared virtually without the prescribed uniform under the SOP.

The post Appeal Dismissed as AR Appeared Without Prescribed Uniform in Virtual Hearing: ITAT Cuttack appeared first on TaxGuru.

Section 37 Bogus Purchase & Section 69A Gold Addition Deleted: ITAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 14:03:33 +0000

ITAT Mumbai deleted the bogus purchase addition and upheld deletion of the Section 69A gold addition after finding the purchases genuine and the gold recorded in books.

The post Section 37 Bogus Purchase & Section 69A Gold Addition Deleted: ITAT Mumbai appeared first on TaxGuru.

SEBI Revises FVCI Fee Structure & Remittance Process

editor2 — Fri, 10 Jul 2026 14:01:37 +0000

SEBI amends FVCI Regulations, 2000 by revising fee amounts, payment timelines and designated depository participant remittance requirements, effective after 180 days.

The post SEBI Revises FVCI Fee Structure & Remittance Process appeared first on TaxGuru.

SEBI Permits Intraday Borrowing Facility for Mutual Funds from 1st September 2026

editor7 — Fri, 10 Jul 2026 14:00:30 +0000

SEBI allows mutual funds to avail intraday borrowings for specified purposes, subject to conditions, effective from September 1, 2026.

The post SEBI Permits Intraday Borrowing Facility for Mutual Funds from 1st September 2026 appeared first on TaxGuru.

GST Order Set Aside as Passed Against Deceased Person: Madras HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 13:58:43 +0000

Madras HC set aside a GST order passed against a deceased person and remanded the matter for fresh consideration after legal heir's reply.

The post GST Order Set Aside as Passed Against Deceased Person: Madras HC appeared first on TaxGuru.

Interest Demand Challenge Rejected as Barred by Constructive Res Judicata: SC

CA Sandeep Kanoi — Fri, 10 Jul 2026 13:58:28 +0000

Supreme Court dismissed the appeal, holding that the challenge to the interest demand was barred after withdrawal of the earlier writ petition.

The post Interest Demand Challenge Rejected as Barred by Constructive Res Judicata: SC appeared first on TaxGuru.

Section 56(2)(x)(b) Addition Remanded for DVO Reference Examination: ITAT Chennai

CA Sandeep Kanoi — Fri, 10 Jul 2026 13:48:35 +0000

ITAT Chennai remanded the Section 56(2)(x)(b) addition for fresh examination of DVO reference, condoned delay, and directed payment of ₹10,000 costs.

The post Section 56(2)(x)(b) Addition Remanded for DVO Reference Examination: ITAT Chennai appeared first on TaxGuru.

SC Issues Notice on Section 107(4) GST Appeal Limitation Cap: Orissa HC Ruling Challenged

CA Sandeep Kanoi — Fri, 10 Jul 2026 13:30:39 +0000

Supreme Court issued notice, permitted service on respondents' Standing Counsel and Additional Solicitor General, and listed the matter for 27 July 2026.

The post SC Issues Notice on Section 107(4) GST Appeal Limitation Cap: Orissa HC Ruling Challenged appeared first on TaxGuru.

Section GST 107 Appeal Dismissal Upheld as Filed Beyond Statutory Outer Limit: Orissa HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 13:24:18 +0000

Orissa HC upheld dismissal of a GST appeal, holding it was filed beyond the outer limit under Section 107(4) after communication of the order.

The post Section GST 107 Appeal Dismissal Upheld as Filed Beyond Statutory Outer Limit: Orissa HC appeared first on TaxGuru.

Mumbai ITAT Allows ESOP Deduction; Discounts on Employee Stock Options Are Not Contingent Liabilities

cavkshetty — Fri, 10 Jul 2026 13:00:17 +0000

ITAT Mumbai allowed ESOP deduction under Section 37, holding that ESOP discount is not a contingent liability and directing deletion of the disallowance.

The post Mumbai ITAT Allows ESOP Deduction; Discounts on Employee Stock Options Are Not Contingent Liabilities appeared first on TaxGuru.

Illegal Gratification for leakage of recruitment examination papers: Conviction upheld on corroborated trap evidence despite minor inconsistencies in witness testimony

divyarathi — Fri, 10 Jul 2026 12:55:20 +0000

Prosecution had proved beyond reasonable doubt the demand and acceptance of illegal gratification, recovery of tainted money, and unlawful transmission of confidential recruitment examination papers. The inconsistencies highlighted by the defence were inconsequential and did not affect the substratum of the prosecution case.

The post Illegal Gratification for leakage of recruitment examination papers: Conviction upheld on corroborated trap evidence despite minor inconsistencies in witness testimony appeared first on TaxGuru.

Import of E-Rickshaw Components Without Motor and Battery Cannot Be Classified as Complete CKD Vehicles Under Rule 2(a) of GIR

divyarathi — Fri, 10 Jul 2026 12:45:41 +0000

E-rickshaw components imported without the electric motor and battery could not be treated as complete E-rickshaws in CKD condition under Rule 2(a) of the General Rules for Interpretation, as they lack the essential character of the finished vehicle.

The post Import of E-Rickshaw Components Without Motor and Battery Cannot Be Classified as Complete CKD Vehicles Under Rule 2(a) of GIR appeared first on TaxGuru.

Mumbai ITAT Quashes Reassessment for Wrong Approval U/s 151(ii); Penalties U/s 270A & 271AAC Also Deleted

cavkshetty — Fri, 10 Jul 2026 12:35:15 +0000

ITAT Mumbai quashed reassessment for approval under Section 151(ii) by the wrong authority and deleted penalties under Sections 270A and 271AAC.

The post Mumbai ITAT Quashes Reassessment for Wrong Approval U/s 151(ii); Penalties U/s 270A & 271AAC Also Deleted appeared first on TaxGuru.

Aircraft Lease Income Held Not Taxable Under Article 8 of India-Ireland DTAA: ITAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:57:49 +0000

ITAT Mumbai held aircraft lease rentals not taxable in India under Article 8 of the India-Ireland DTAA and found no PE in India.

The post Aircraft Lease Income Held Not Taxable Under Article 8 of India-Ireland DTAA: ITAT Mumbai appeared first on TaxGuru.

Aircraft Lease Income Held Not Taxable in India Under Article 8 DTAA: ITAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:56:59 +0000

ITAT Mumbai held aircraft lease income and delayed lease payment charges not taxable in India under Article 8 of the India-Ireland DTAA.

The post Aircraft Lease Income Held Not Taxable in India Under Article 8 DTAA: ITAT Mumbai appeared first on TaxGuru.

DVC’s Differential Tariff and IBC-Linked Claims Referred to Arbitration; Limitation Kept Open: Calcutta HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:40:19 +0000

Calcutta HC appointed a sole arbitrator under Section 11(6), leaving arbitrability, limitation, admissibility of claims, and related issues for the arbitral tribunal.

The post DVC’s Differential Tariff and IBC-Linked Claims Referred to Arbitration; Limitation Kept Open: Calcutta HC appeared first on TaxGuru.

Section 73 SCN Mandatory; DRC-01 Summary Not a Substitute: Gauhati HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:37:55 +0000

Gauhati HC held that a DRC-01 summary cannot replace a Section 73(1) SCN, quashed the Order-in-Original, and permitted fresh proceedings with limitation exclusion.

The post Section 73 SCN Mandatory; DRC-01 Summary Not a Substitute: Gauhati HC appeared first on TaxGuru.

FIR Quashing Refused as Forgery & Conspiracy Allegations Require Investigation: Calcutta HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:37:06 +0000

Calcutta HC refused to quash an FIR alleging forgery and criminal conspiracy, holding that prima facie cognizable offences required investigation and territorial jurisdiction objections could not defeat the probe.

The post FIR Quashing Refused as Forgery & Conspiracy Allegations Require Investigation: Calcutta HC appeared first on TaxGuru.

Foreign Exchange Gain Is Operating Income Under TNMM: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:35:31 +0000

ITAT Delhi held foreign exchange gain is operating income under TNMM, remanded TP adjustment, and allowed interest deduction under Section 57(iii).

The post Foreign Exchange Gain Is Operating Income Under TNMM: ITAT Delhi appeared first on TaxGuru.

Remand Report Accepting Assessee’s Explanation Bars Additions: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:34:37 +0000

ITAT Delhi dismissed the Revenue’s appeal, holding that additions could not survive after the AO’s remand report accepted the assessee’s explanations.

The post Remand Report Accepting Assessee’s Explanation Bars Additions: ITAT Delhi appeared first on TaxGuru.

One-Time Contractor Settlement Deductible Under Section 37: ITAT Chennai

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:33:09 +0000

ITAT Chennai held one-time settlement paid to contractors is fully deductible under Section 37, remanded the Section 14A issue, and dismissed the Revenue’s appeal.

The post One-Time Contractor Settlement Deductible Under Section 37: ITAT Chennai appeared first on TaxGuru.

Typographical Error in Form 10AB Cannot Defeat Section 12AB Registration: ITAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:30:26 +0000

ITAT Mumbai held that an incorrect statutory clause selected in Form 10AB cannot justify rejection of Section 12AB registration without an opportunity to rectify.

The post Typographical Error in Form 10AB Cannot Defeat Section 12AB Registration: ITAT Mumbai appeared first on TaxGuru.

Section 264 Revision Quashed for Cursorily Dealing with Contentions: Gujarat HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:28:03 +0000

Gujarat HC quashed a Section 264 revision order and remanded the matter after finding the petitioner's contentions were cursorily dealt with.

The post Section 264 Revision Quashed for Cursorily Dealing with Contentions: Gujarat HC appeared first on TaxGuru.

Section 151 Sanction by Incorrect Authority Invalidates Section 148 Reassessment: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:26:21 +0000

ITAT Delhi held that a Section 148 notice issued beyond three years is void when sanctioned by the PCIT instead of the authority prescribed under Section 151.

The post Section 151 Sanction by Incorrect Authority Invalidates Section 148 Reassessment: ITAT Delhi appeared first on TaxGuru.

Section 80-IA(9) Restricts Double Deduction Without Reducing Gross Total Income: Madras HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:25:18 +0000

Madras HC remanded Section 80-IB and 80-HHC deduction computation, applying SC ruling that Section 80-IA(9) prevents double deduction of eligible profits.

The post Section 80-IA(9) Restricts Double Deduction Without Reducing Gross Total Income: Madras HC appeared first on TaxGuru.

Section 68 Addition on Demonetisation Cash Deposits Restricted to ₹2 Lakh: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:22:31 +0000

ITAT Delhi restricted the Section 68 addition on demonetisation cash deposits to ₹2 lakh and directed assessment under normal provisions instead of Section 115BBE.

The post Section 68 Addition on Demonetisation Cash Deposits Restricted to ₹2 Lakh: ITAT Delhi appeared first on TaxGuru.

₹70 Lakh Property Investment Claimed from Husband’s Gift Remanded for Verification: ITAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:21:16 +0000

ITAT Mumbai remanded a Section 69 addition for fresh verification of the claim that property investment came from husband’s gift funded by FD maturity proceeds.

The post ₹70 Lakh Property Investment Claimed from Husband’s Gift Remanded for Verification: ITAT Mumbai appeared first on TaxGuru.

Section 74 Invocation Upheld for Wrongful ITC on Blocked Credits: Madras HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 11:18:11 +0000

Madras HC upheld Section 74 proceedings for blocked ITC under Sections 17(5)(c) and 17(5)(d), holding extended limitation valid and dismissing the writ petition.

The post Section 74 Invocation Upheld for Wrongful ITC on Blocked Credits: Madras HC appeared first on TaxGuru.

Company Property Transfer to Promoters Without Consideration is Fraudulent Preference: Bombay HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:54:27 +0000

Bombay HC held that mutation entries transferring company property without a valid transfer instrument or consideration attracted Section 531 and declared the transaction void.

The post Company Property Transfer to Promoters Without Consideration is Fraudulent Preference: Bombay HC appeared first on TaxGuru.

Accounting Clerk Denied Anticipatory Bail in ₹63 Lakh Misappropriation Case: Jharkhand HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:45:54 +0000

Jharkhand HC denied anticipatory bail to an accounting clerk after finding serious allegations of ₹63 lakh misappropriation supported by case diary materials.

The post Accounting Clerk Denied Anticipatory Bail in ₹63 Lakh Misappropriation Case: Jharkhand HC appeared first on TaxGuru.

Physical GST Notice Mandatory After Registration Cancellation: Allahabad HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:44:07 +0000

Allahabad HC set aside a GST adjudication order, holding that physical notice is required after cancellation of GST registration to ensure a fair hearing.

The post Physical GST Notice Mandatory After Registration Cancellation: Allahabad HC appeared first on TaxGuru.

Actual Communication Date Must Be Considered for GST Appeal Limitation: Allahabad HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:43:01 +0000

Allahabad HC quashed an appellate order rejecting a GST appeal on limitation, holding the actual communication date must be considered unless rebutted.

The post Actual Communication Date Must Be Considered for GST Appeal Limitation: Allahabad HC appeared first on TaxGuru.

Section 7 IBC Challenge Not Maintainable During Pending NCLT Proceedings: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:42:20 +0000

Karnataka HC declined to quash pending Section 7 IBC proceedings, holding that objections should be raised before the NCLT.

The post Section 7 IBC Challenge Not Maintainable During Pending NCLT Proceedings: Karnataka HC appeared first on TaxGuru.

Bail Granted in 3 Kg Ganja Recovery Considering Seizure Quantity: Calcutta HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:41:14 +0000

Calcutta HC granted bail in a 3 kg ganja recovery case, relying on an SC decision emphasizing the quantity of seizure and prolonged custody.

The post Bail Granted in 3 Kg Ganja Recovery Considering Seizure Quantity: Calcutta HC appeared first on TaxGuru.

GST Refund Directed After Withdrawal of Best Judgment Assessment Order: Patna HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 10:40:16 +0000

Patna HC directed GST refund if the withdrawn best judgment assessment had led to recovery and the amount had not already been credited.

The post GST Refund Directed After Withdrawal of Best Judgment Assessment Order: Patna HC appeared first on TaxGuru.

Section 73 GST Order Challenge Disposed with Liberty to File Delayed Appeal: Telangana HC

ADV AKRUTI GOYAL — Fri, 10 Jul 2026 10:35:50 +0000

Telangana HC permitted a statutory appeal against a Section 73 GST assessment, subject to pre-deposit and consideration of delay condonation by the appellate authority.

The post Section 73 GST Order Challenge Disposed with Liberty to File Delayed Appeal: Telangana HC appeared first on TaxGuru.

GST Registration Cancellation Challenge Disposed with Liberty for Statutory Appeal: Telangana HC

ADV AKRUTI GOYAL — Fri, 10 Jul 2026 10:33:29 +0000

Telangana HC allowed the petitioner to file a statutory appeal within two weeks against GST registration cancellation and directed disposal in accordance with law.

The post GST Registration Cancellation Challenge Disposed with Liberty for Statutory Appeal: Telangana HC appeared first on TaxGuru.

GST Registration Revocation Application Permitted After Time-Barred Appeal: Telangana HC

ADV AKRUTI GOYAL — Fri, 10 Jul 2026 10:31:06 +0000

Telangana HC permitted filing of a physical application for GST registration revocation after a time-barred appeal and directed its decision within three weeks.

The post GST Registration Revocation Application Permitted After Time-Barred Appeal: Telangana HC appeared first on TaxGuru.

India’s MLI Problem: Ratified, But Not Notified

Deependra Singh Rawat — Fri, 10 Jul 2026 10:29:22 +0000

Article examines whether the MLI Principal Purpose Test has domestic effect under Section 90(1) following Nestlé SA and Sky High ITAT rulings.

The post India’s MLI Problem: Ratified, But Not Notified appeared first on TaxGuru.

GST Rate Changes: Five Compliance Mistakes Businesses Should Avoid

Ravichandra Aswale — Fri, 10 Jul 2026 10:18:05 +0000

Article explains five common compliance mistakes after the 22 September 2025 GST rate changes, covering rates, ITC, transition stock, IMS and GSTR-1A amendments.

The post GST Rate Changes: Five Compliance Mistakes Businesses Should Avoid appeared first on TaxGuru.

Section 10(10D): Should Life Insurance Exemption Cover Entire Maturity Proceeds or Only Income?

cavkshetty — Fri, 10 Jul 2026 10:12:39 +0000

Article examines whether Section 10(10D) exempts the entire life insurance maturity amount or only the income component, referring to CBDT Circular No. 7/2003 and Rule 11UACA.

The post Section 10(10D): Should Life Insurance Exemption Cover Entire Maturity Proceeds or Only Income? appeared first on TaxGuru.

Tips For Reducing Medical Expenses With Your Family

editor2 — Fri, 10 Jul 2026 09:57:06 +0000

Reduce family medical expenses with preventive healthcare, smart budgeting, organised medical records and flexible TATA AIG health insurance for better financial security.

The post Tips For Reducing Medical Expenses With Your Family appeared first on TaxGuru.

Mutual Fund Taxation: CA Perspective on AMFI’s Budget 2026–27 Proposals

shah12.rahul@gmail.com — Fri, 10 Jul 2026 09:56:04 +0000

AMFI's Budget 2026–27 proposals seek mutual fund tax reforms, compliance simplification, tax neutrality and rationalisation of key Income-tax provisions.

The post Mutual Fund Taxation: CA Perspective on AMFI’s Budget 2026–27 Proposals appeared first on TaxGuru.

₹2500 Monthly Fee per State for Nil GST Returns During CIRP Excessive: NCLT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:52:58 +0000

NCLT Kolkata held excessive GST compliance fees for Nil GST returns during CIRP were unreasonable and dismissed the claim for unpaid CIRP costs.

The post ₹2500 Monthly Fee per State for Nil GST Returns During CIRP Excessive: NCLT Kolkata appeared first on TaxGuru.

Section 153C Assessments Quashed for Excluded Block Period & Lack of Incriminating Material: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:50:49 +0000

ITAT Delhi quashed Section 153C assessments, holding the block period must be reckoned from the satisfaction note date and completed assessments need incriminating material.

The post Section 153C Assessments Quashed for Excluded Block Period & Lack of Incriminating Material: ITAT Delhi appeared first on TaxGuru.

Section 153C Assessments Void for Post-April 2021 Satisfaction Note: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:48:21 +0000

ITAT Delhi quashed Section 153C assessments as the 20.10.2021 satisfaction note placed the deemed search date after 1 April 2021.

The post Section 153C Assessments Void for Post-April 2021 Satisfaction Note: ITAT Delhi appeared first on TaxGuru.

Section 80-IB Deduction Not Reducible Before Computing Section 80HHC Relief: Madras HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:46:04 +0000

Madras HC remanded Section 80-HHC and Section 80-IB deduction computation to the Assessing Officer in line with the Supreme Court's interpretation of Section 80-IA(9).

The post Section 80-IB Deduction Not Reducible Before Computing Section 80HHC Relief: Madras HC appeared first on TaxGuru.

DEPB & Duty Drawback Ineligible Under Section 80-IB, Section 80-IA Issue Remanded: Madras HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:44:16 +0000

Madras HC remanded the Section 80-IA and 80-HHC computation issue and held DEPB and duty drawback are not eligible for Section 80-IB deduction.

The post DEPB & Duty Drawback Ineligible Under Section 80-IB, Section 80-IA Issue Remanded: Madras HC appeared first on TaxGuru.

Section 147 Reassessment Annulled as Examined Cash Deposits Involved Change of Opinion: ITAT Lucknow

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:42:27 +0000

ITAT Lucknow annulled Section 147 reassessment holding that cash deposits were examined in the original assessment and reopening amounted to a change of opinion.

The post Section 147 Reassessment Annulled as Examined Cash Deposits Involved Change of Opinion: ITAT Lucknow appeared first on TaxGuru.

Section 69A Addition Deleted as Cash Deposits Explained by Withdrawals & Co-owner’s Advance: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:41:36 +0000

ITAT Delhi deleted a Section 69A addition after holding that cash deposits were fully explained through verified bank withdrawals and a co-owner’s accepted advance.

The post Section 69A Addition Deleted as Cash Deposits Explained by Withdrawals & Co-owner’s Advance: ITAT Delhi appeared first on TaxGuru.

AO Must Verify Rural Branch Data Before Section 36(1)(viia) Deduction: ITAT Indore

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:40:39 +0000

ITAT Indore remanded a Section 36(1)(viia) deduction dispute, directing the AO to verify rural branch data before deciding the claim.

The post AO Must Verify Rural Branch Data Before Section 36(1)(viia) Deduction: ITAT Indore appeared first on TaxGuru.

Bonafide Education Cess Claim & No Exempt Income Bar Penalty & Section 14A Disallowance: ITAT Pune

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:39:48 +0000

ITAT Pune deleted Section 270A penalty on a bonafide Education Cess claim and removed Section 14A disallowance where no exempt income was earned.

The post Bonafide Education Cess Claim & No Exempt Income Bar Penalty & Section 14A Disallowance: ITAT Pune appeared first on TaxGuru.

Non-Speaking GST Registration Cancellation Order Quashed for Lack of Reasons: Guwahati HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:38:12 +0000

Guwahati HC quashed a GST registration cancellation order, holding that Form GST REG-19 requires reasons and a non-speaking order violates Rule 22.

The post Non-Speaking GST Registration Cancellation Order Quashed for Lack of Reasons: Guwahati HC appeared first on TaxGuru.

Tehsildar’s Possession Letter Does Not Restart SARFAESI Limitation: DRT Ludhiana

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:36:04 +0000

DRT Ludhiana held that limitation under Section 17 SARFAESI runs from the Section 13(4) measure, not a Tehsildar's possession letter, and dismissed the SA as time-barred.

The post Tehsildar’s Possession Letter Does Not Restart SARFAESI Limitation: DRT Ludhiana appeared first on TaxGuru.

Section 69 Addition Cannot Rest Solely on Uncorroborated Loose Sheets: ITAT Hyderabad

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:34:15 +0000

ITAT Hyderabad deleted a Section 69 addition, holding that unsigned loose sheets seized from a third party, without corroborative evidence, cannot prove unexplained investment.

The post Section 69 Addition Cannot Rest Solely on Uncorroborated Loose Sheets: ITAT Hyderabad appeared first on TaxGuru.

Time-Barred SCN Rendered Service Tax Demand Unsustainable: CESTAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:33:01 +0000

CESTAT Mumbai set aside the service tax demand, holding that the show cause notice was issued beyond limitation, making the proceedings and demand unsustainable.

The post Time-Barred SCN Rendered Service Tax Demand Unsustainable: CESTAT Mumbai appeared first on TaxGuru.

Section 73 Ex Parte GST Order Quashed After Wife’s Death & Proprietor’s Illness: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:32:26 +0000

Karnataka HC quashed an ex parte Section 73 GST order after accepting the taxpayer’s bona fide reason for non-response and restored proceedings for fresh adjudication.

The post Section 73 Ex Parte GST Order Quashed After Wife’s Death & Proprietor’s Illness: Karnataka HC appeared first on TaxGuru.

Anticipatory Bail Rejected in Fake GST Invoice Case Involving 857 Invoices: Patna HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:29:55 +0000

Patna HC denied anticipatory bail in an alleged fake GST invoice case, citing the nature of accusations and the petitioners criminal antecedents.

The post Anticipatory Bail Rejected in Fake GST Invoice Case Involving 857 Invoices: Patna HC appeared first on TaxGuru.

Section 74 GST Demand Deferred for Fresh Hearing on Ignored DRC-01A Reply: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:17:53 +0000

Karnataka HC deferred Section 74 GST demand, holding the assessee deserved a fresh hearing after its DRC-01A response with invoices and e-way bills was ignored.

The post Section 74 GST Demand Deferred for Fresh Hearing on Ignored DRC-01A Reply: Karnataka HC appeared first on TaxGuru.

Recovery of Tainted Money & Credible Complainant Testimony Sustains PC Act Conviction: J&K HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:15:38 +0000

J&K HC upheld a corruption conviction after finding demand, acceptance and recovery of tainted money proved, holding no failure of justice arose from the sanction objection.

The post Recovery of Tainted Money & Credible Complainant Testimony Sustains PC Act Conviction: J&K HC appeared first on TaxGuru.

Stale SCN Cannot Sustain Section 29(2) GST Registration Cancellation: Gauhati HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:14:59 +0000

Gauhati HC quashed GST registration cancellation, holding reliance on an 18-month-old show cause notice violated the proviso to Section 29(2).

The post Stale SCN Cannot Sustain Section 29(2) GST Registration Cancellation: Gauhati HC appeared first on TaxGuru.

Section 69A Addition Remanded After Plea of Mental & Neurological Illness: ITAT Pune

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:11:52 +0000

ITAT Pune restored the appeal to CIT(A)/NFAC after accepting that the assessee's medical condition prevented appearance, directing fresh adjudication with hearing.

The post Section 69A Addition Remanded After Plea of Mental & Neurological Illness: ITAT Pune appeared first on TaxGuru.

Section 148 Reassessment Quashed for Limitation & Invalid Section 151 Approval: ITAT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 09:10:40 +0000

ITAT Kolkata quashed Section 148 reassessment as time-barred and invalidated reopening for AY 2016-17 due to approval by an incompetent authority under Section 151.

The post Section 148 Reassessment Quashed for Limitation & Invalid Section 151 Approval: ITAT Kolkata appeared first on TaxGuru.

Cenvat Credit Recovery Vitiated by Cross-Examination Denial on Third-Party Evidence: CESTAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:58:58 +0000

CESTAT Delhi set aside Cenvat credit recovery, holding third-party statements without cross-examination and corroborative evidence cannot sustain the demand.

The post Cenvat Credit Recovery Vitiated by Cross-Examination Denial on Third-Party Evidence: CESTAT Delhi appeared first on TaxGuru.

Service Tax Demand Based Solely on Form 26AS & Ignoring RCM Unsustainable: CESTAT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:57:38 +0000

CESTAT Kolkata set aside service tax demand raised on Form 26AS data, holding RCM applied and unverified CBDT data could not sustain the demand.

The post Service Tax Demand Based Solely on Form 26AS & Ignoring RCM Unsustainable: CESTAT Kolkata appeared first on TaxGuru.

Non-Filing of LUT Is a Curable Defect for Export Services: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:55:19 +0000

Karnataka HC quashed a GST demand and appellate order, holding that non-filing of LUT is a curable defect and remanded the matter for fresh consideration.

The post Non-Filing of LUT Is a Curable Defect for Export Services: Karnataka HC appeared first on TaxGuru.

Kidney Dialysis Machine Parts Classifiable Under CTH 9018: CESTAT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:54:17 +0000

CESTAT Mumbai held that parts used solely with kidney dialysis machines are classifiable under CTH 9018 and taxable at 12% IGST, setting aside the demand.

The post Kidney Dialysis Machine Parts Classifiable Under CTH 9018: CESTAT Mumbai appeared first on TaxGuru.

Certiorari Against Trial Court Decrees Not Maintainable When CPC Remedies Exist: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:52:30 +0000

Karnataka HC held writ petitions against Trial Court orders not maintainable, directing parties to pursue CPC remedies while granting Section 14 Limitation Act benefit.

The post Certiorari Against Trial Court Decrees Not Maintainable When CPC Remedies Exist: Karnataka HC appeared first on TaxGuru.

Women Accused Exempt from PMLA Section 45(1) Twin Conditions for Bail: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:51:25 +0000

Karnataka HC refused to cancel bail, holding that the Section 45(1) PMLA proviso exempts women from the twin conditions, subject to judicial discretion.

The post Women Accused Exempt from PMLA Section 45(1) Twin Conditions for Bail: Karnataka HC appeared first on TaxGuru.

Fuel Expense Disallowance Restricted to 5% Due to Self-Made Voucher Difficulties: ITAT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:49:18 +0000

ITAT Kolkata restricted oil and fuel expense disallowance to 5%, holding that full disallowance would result in an unrealistic net profit in the transportation business.

The post Fuel Expense Disallowance Restricted to 5% Due to Self-Made Voucher Difficulties: ITAT Kolkata appeared first on TaxGuru.

Reassessment Vitiated by Cross-Examination Denial & Section 147 Use Instead of 153C: ITAT Surat

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:47:58 +0000

ITAT Surat quashed reassessment, holding denial of cross-examination and initiation under Section 147 instead of Section 153C rendered the proceedings invalid.

The post Reassessment Vitiated by Cross-Examination Denial & Section 147 Use Instead of 153C: ITAT Surat appeared first on TaxGuru.

Appeal E-Filed at 9 PM Within Section 61 IBC Limitation Valid: NCLAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:46:17 +0000

NCLAT Delhi held an appeal e-filed at 9 PM on the 45th day remained within the condonable period under Section 61 IBC, with limitation computed from the date of e-filing.

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Section 52 Security Interest Realisation Denied for Regulation 21A Non-Compliance: NCLT Mumbai

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:44:49 +0000

NCLT Mumbai held that failure to comply with Regulation 21A timelines barred a secured creditor from exercising Section 52 rights, making the secured assets part of the liquidation estate.

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Section 147A Amendment Requires Fresh Consideration of Reassessment Challenge: Karnataka HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:41:38 +0000

Karnataka HC set aside the order quashing reassessment notices and remanded the matter, permitting challenge to Section 147A in line with the SC ruling.

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₹5.06 Lakh Recovery Suit Dismissed as Handwriting Admission Failed to Prove Dues: Gujarat HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:40:41 +0000

Gujarat HC dismissed a money recovery appeal, holding that unsupported claims and an unproved photocopy could not discharge the burden under Sections 101 and 102.

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Section 98 IBC RP Replacement Rejected for Lack of Bias or Misconduct: NCLT Jaipur

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:38:46 +0000

NCLT Jaipur held a Personal Guarantor may seek RP replacement under Section 98 IBC even after admission, but dismissed the plea for lack of evidence of bias or misconduct.

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Rectification of Rule 28 Defects Alone Cannot Defeat Section 9 Remedy: NCLAT Chennai

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:37:48 +0000

NCLAT held that procedural non-rectification of defects under Rule 28(4) should not deprive an Operational Creditor of adjudication on merits, while retaining costs and imposing strict timelines for compliance.

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Pre-Trial Plaint Amendment for Possession Relief Upheld Despite 4-Year Delay: J&K HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:36:56 +0000

Jammu & Kashmir HC upheld a pre-trial amendment adding possession relief, holding Order II Rule 2 CPC did not bar amendment and delay alone was insufficient.

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Pre-Existing Civil Suit Not Barred by Subsequent Section 95 IBC Proceedings: Calcutta HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:35:30 +0000

Calcutta HC held that Section 96 IBC does not bar or require dismissal of a civil suit filed before Section 95 proceedings and remanded the suit for trial.

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Routine Support Services Not Royalty Under DTAA; Taxable as Business Profits Without PE: ITAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:33:42 +0000

ITAT Delhi held routine support and HR services are not royalty under the India-Philippines and India-Thailand DTAAs. Without a PE, Article 7 bars taxation.

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Section 271AAC(1) Penalty Cannot Survive After Section 69A Addition Deletion: ITAT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:32:29 +0000

ITAT held penalty under Section 271AAC(1) is unsustainable after deletion of Section 69A addition under Section 264 and set aside the penalty order.

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Section 68 Addition on Stampede Capital Share Sale Deleted for Lack of Assessee Link: ITAT Kolkata

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:31:19 +0000

ITAT Kolkata upheld deletion of Section 68 addition, holding share sale proceeds could not be treated as unexplained without evidence linking the assessee.

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Department Cannot Reclassify Mobile Phone Parts Without Proving Rule 2(a) GIR Applies: CESTAT Delhi

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:30:04 +0000

CESTAT Delhi set aside reclassification of imported mobile phone parts after holding the department failed to prove Rule 2(a) GIR applied or that the goods had essential character.

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IT/ITES Services Not Job or Labour Work; Set-Off Allowed: MVAT Tribunal

UBR Legal Advocates — Fri, 10 Jul 2026 08:16:27 +0000

Maharashtra Sales Tax Tribunal held Rule 54(d) inapplicable to IT/ITES services, set aside refund denial and turnover addition, and remanded for limited verification.

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ICEGATE Contact Details Update After GST Amendment & GSTIN Integration

KARAN MOTWANI — Fri, 10 Jul 2026 08:13:12 +0000

Explains the steps to update ICEGATE email or mobile by first amending GST registration, integrating GSTIN with Customs, and updating the ICEGATE profile.

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Mining Lease Extended by 5 Years 10 Months After Invalid Suspension Order: Orissa HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:03:01 +0000

Orissa HC granted a compensatory 5 years 10 months mining lease period after holding the suspension order invalid for lack of hearing and valid clearance.

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Gift Deed Cancellation Upheld as Son Failed to Maintain Parents: Bombay HC

CA Sandeep Kanoi — Fri, 10 Jul 2026 08:01:31 +0000

Bombay HC upheld cancellation of a gift deed under Section 23 of the Senior Citizens Act after finding the son failed to fulfil the obligation to care for his parents.

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Section 148 Reassessment Quashed for Section 148A Breach; Bogus Purchase Addition Deleted: Ahmedabad ITAT

CA AJAY KUMAR AGRAWAL — Fri, 10 Jul 2026 08:00:33 +0000

ITAT Ahmedabad quashed Section 148 reassessment for non-compliance with Section 148A and deleted bogus purchase additions based on documentary evidence.

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Section 54F Exemption Allowed as Section 50C Deeming Fiction Inapplicable: Chennai ITAT

CA AJAY KUMAR AGRAWAL — Fri, 10 Jul 2026 07:59:14 +0000

ITAT Chennai held Section 50C cannot determine Section 54F net consideration and allowed full exemption where the entire actual sale consideration was invested.

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Section 263 Revision Quashed as AO Took Plausible View After Enquiry: Chandigarh ITAT

CA AJAY KUMAR AGRAWAL — Fri, 10 Jul 2026 07:57:19 +0000

ITAT Chandigarh quashed Section 263 revision, holding that a plausible assessment view after detailed enquiry cannot be replaced by the Principal Commissioner.

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Senior Management Personnel: Regulatory Journey from Appointment to Exit

Jyoti Sah — Fri, 10 Jul 2026 07:45:12 +0000

Explains the SEBI LODR framework for Senior Management Personnel, covering appointment, disclosures, governance obligations, PIT compliance and exit requirements.

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GST on Online Businesses in India: Registration, TCS, Section 9(5) & OIDAR

CA. Keshav Kumar — Fri, 10 Jul 2026 07:42:08 +0000

Explains GST registration, TCS under Section 52, Section 9(5), OIDAR provisions and compliance obligations for different online business models.

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Professor Earning from Guest Lectures? Your Tax Treatment May Be Wrong

CA Vineet Rawat — Fri, 10 Jul 2026 07:40:23 +0000

Guest lecture and teaching income is generally taxed on actual income, with Sections 44AD and 44ADA stated as inapplicable to such activities.

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Only NRO Interest Income with TDS Deducted: Is ITR Filing Still Required?

Sonia Dawar — Fri, 10 Jul 2026 07:32:23 +0000

NRIs must file ITR if Indian income exceeds Rs. 4 lakh or to claim excess TDS refunds, with Section 87A rebate unavailable to non-residents.

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Crypto Gains and Losses: Can You Set Off One Against the Other?

Sonia Dawar — Fri, 10 Jul 2026 07:30:07 +0000

Section 115BBH taxes VDA gains at 30%, disallows loss set-off, and Section 194S requires 1% TDS on eligible crypto transfers.

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Debt Fund Held for Three Years: Why Is It Still Taxed at Slab Rate?

Sonia Dawar — Fri, 10 Jul 2026 07:28:12 +0000

Section 50AA taxes specified debt mutual fund units acquired on or after 1 April 2023 at slab rates, regardless of holding period, without indexation.

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Returning to India After 9 Years: How Long Is Foreign Income Tax-Free?

Sonia Dawar — Fri, 10 Jul 2026 07:26:30 +0000

RNOR under Sections 6 and 6(6) can keep eligible foreign income outside Indian tax during the transition period after an NRI returns to India.

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Section 107(11) Remand Order Set Aside as GST Appellate Authority Lacked Power to Remand: Calcutta HC

dhiraj lakhotia — Fri, 10 Jul 2026 07:14:31 +0000

Calcutta HC set aside a GST remand order, holding Section 107(11) bars the Appellate Authority from remanding matters to the Adjudicating Authority.

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ICAI Issues Exposure Draft on Revised Section 44AB Tax Audit Guidance Note

editor7 — Fri, 10 Jul 2026 06:51:41 +0000

ICAI has invited public comments on the Exposure Draft revising the Guidance Note on Tax Audit under Section 44AB by 25th July, 2025.

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