News & Updates Latest Tax newsCollege Cannot be asked to Deposit GST on Affiliation Fee Before Renewal: Rajasthan HC [Read Order] August 1, 2026The High Court applied its earlier ruling that university affiliation is a statutory educational function and not a taxable service. AnusreeMathematical error in Reading ITR while Considering Age Proof: Karnataka HC allows Appeal of New India Assurance, Deducts Passive Property Income [Read Judgment] July 31, 2026The court held that the date of birth and income disclosures made by a deceased person in their Income Tax Return (ITR) constitute a binding legal admission that overrides unproduced educational records. Anagha MIncome Tax Deduction u/s 80HHC must be Computed without Reducing S. 80-IB Benefit: Madras HC [Read Judgment] July 31, 2026The deduction under Section 80 HHC of the IT Act has to be given, without reducing the deduction under Section 80 IB of the Act, held the court. Anagha MICAI Opens Online Facility for Voluntary Surrender of Exam Exemptions [Read Announcement] July 31, 2026The option is available until August 5, 2026 for CA Intermediate and September 30, 2026 for CA Final exams Anagha MSC upholds Presumptive Tax Benefit u/s 44B for Foreign Cruise Operator, Holds Hospitality Services Part of 'Carriage' [Read Judgment] July 31, 2026The Court observed that the Tribunal had correctly appreciated the factual nature of the cruise operations and had rightly concluded that the provision of hospitality services did not alter the essential character of the activity. Anagha MHimachal Pradesh HC Restrains VAT Recovery Against Former Partner Until Firm’s Appeal is Decided [Read Order] July 31, 2026The tax department was barred from taking coercive action against the former partner while the partnership firm’s delayed statutory appeal remained pending. Anagha MAppraisal Report Cannot Sustain On-Money Addition Without Proof: ITAT Confirms Deletion of Income Tax Addition [Read Order] July 31, 2026ITAT upheld deletion of addition, holding that appraisal report, without corroborative evidence cannot justify on-money addition. Anagha MMSME Interest Disallowance Not Appealable in Proceedings Against Scrutiny Assessment under Income Tax Act: ITAT [Read Order] July 31, 2026Interest disallowance under the MSME Act cannot be challenged in appeals arising from scrutiny assessment proceedings under the Income Tax Act. AnusreeIncome Tax Appeal Not Maintainable During IBC Moratorium Against Corporate Debtor: ITAT [Read Order] July 31, 2026Moratorium under IBC bars maintainability of appeal against corporate debtor Anagha MITAT Invalidates Reassessment for Failure to Issue Mandatory Section 143(2) Notice After Filing of ITR [Read Order] July 31, 2026Failure to issue mandatory notice u/s 143(2) after filing of ITR renders reassessment proceedings invalid. Anagha M
