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TR Vol-203 Issue-4, 15-Aug-2026
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INCOME TAX : NEWS YOU CAN USE - CBDT : Clarity on tax regulation indicates government’s commitment for total visibility in crypto trading 2 >>   
INCOME TAX : NEWS YOU CAN USE - ICAI : ICAI Invites stakeholder feedback to revamp CA curriculum 2 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax : Billionaire taxpayers surged over 4 times in last five years 3 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax : Lok Sabha passes Taxation and Other Laws (Amendment) Bill without discussion 3 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Return : CBDT’s Nudge campaign results in 1.25 crore updated ITRs, Rs. 9,494 crore additional tax payment 4 >>   
INCOME TAX : NEWS YOU CAN USE - Income Tax Return : Over 5 crore ITRs filed for AY 2026-27 ahead of July 31 deadline 5 >>   
INCOME TAX : NEWS YOU CAN USE - MSME : Lok Sabha approves MSME Bill to speed up payments, improve ease of business 5 >>   
INCOME TAX : NEWS YOU CAN USE - MSME : MSME Bill introduced, looks to speed up payments 6 >>   
INCOME TAX : NEWS YOU CAN USE - RBI : Banks’ to make daily disclosure of bulk deposits interest rates on their website 6 >>   
INCOME TAX : NEWS YOU CAN USE - SEZ : Cabinet note in the works to end forex rule for SEZ services 7 >>   
INCOME TAX : NEWS YOU CAN USE - GST : Assessment on whether higher tobacco taxes hurt farmers’ incomes 7 >>   
INCOME TAX : NEWS YOU CAN USE - GST : Gross GST collection rose over 15% in July 8 >>   
INCOME TAX : NEWS YOU CAN USE - GST : GST rollout boosted state tax revenues, buoyancy, says India Ratings 9 >>   
INCOME TAX : NEWS YOU CAN USE - GST : GSTN puts proposed e-way bill changes on hold after industry feedback 9 >>   
INCOME TAX : NEWS YOU CAN USE - GST : Higher GST for kraft paper irks corrugated box manufacturers 10 >>   
INCOME TAX : NEWS YOU CAN USE - GST : IRDAI should fast-track risk-based capital framework; GST on insurance needs rationalisation 10 >>   
INCOME TAX : NEWS YOU CAN USE - GST : Relief for defence startups as MoD agrees to fully reimburse 18% GST on R&D grants 11 >>   
INCOME TAX : NEWS YOU CAN USE - GST : Supreme Court backs taxpayers, rules out GST on industrial lease rights transfer 12 >>   
INCOME TAX : STATUTES - FAQs : The Taxation and Other Laws (Amendment) Bill, 2026—FAQs, dtd. Nill 13 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/Board/Trusts/Community—Kerala Real Estate Regulatory Authority, Notified —Notification No. 101/2026, dtd. 29-7-2026 [F. No. 300196/88/2024-ITA-I] 18 >>   
INCOME TAX : STATUTES - Schedule III [Table: Sl. No. 36]—Exemption to Income of a Body/Authority/Board/Trust/Commission—Kerala Real Estate Regulatory Authority, Notified—Notification No. 102/2026, dtd. 29-7-2026 [F. No. 300196/88/2024-ITA-I] 19 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/Board/Trusts/Community—Haryana State Board of Technical Education (HSBTE), Panchkula, Notified—Notification No. 103/2026, dtd. 3-8-2026 [F. No.300196/76/2024-I 19 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/Board/Trusts/Community—District Legal Services Authority, Charkhi Dadri, Notified—Notification No. 104/2026, dtd. 3-8-2026 [F.No.300196/1/2026-ITA-I] 21 >>   
INCOME TAX : STATUTES - Schedule III [Table: Sl. No. 36]—Exemption to Income of a Body/Authority/Board/Trust/Commission—District Legal Services Authority, Charkhi Dadri, Notified—Notification No. 105/2026, dtd. 3-8-2026 [F. No. 300196/1/2026-ITA-I] 22 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/Board/Trusts/Community—Noida Special Economic Zone Authority, Notified—Notification No. 106/2026, dtd. 4-8-2026 [F. No. 300196/65/2018-ITA-I] 22 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/Board/Trusts/Community—Noida Special Economic Zone Authority, Notified—Notification No. 107/2026, dtd. 4-8-2026 [F. No. 300196/65/2018-ITA-I] 24 >>   
INCOME TAX : STATUTES - Schedule III [Table: Sl. No. 36]—Exemption to Income of a Body/Authority/Board/Trust/Commission—Noida Special Economic Zone Authority, Notified—Notification No. 108/2026, dtd. 4-8-2026/F. No. 300196/65/2018-ITA-I] 25 >>   
INCOME TAX : STATUTES - Section 10(46)—Exemption to Income of a Body/Authority/Board/Trust/Commission—Odisha Joint Entrance Examination Committee, Notified—Notification No. 109/2026, dtd. 4-8-2026 [F. No. 300196/39/2025-ITA-I] 26 >>   
INCOME TAX : STATUTES - Schedule III [Table: Sl. No. 36]—Exemption to Income of a Body/Authority/Board/Trust/Commission—Odisha Joint Entrance Examination Committee, Notified—Notification No. 110/2026, dtd. 4-8-2026 [F. No. 300196/39/2025-ITA-I] 27 >>   
INCOME TAX : STATUTES - Order Under Section 45(3)(b) of the Income Tax Act, 2025 r/w Rule 35 of the Income Tax Rules, 2026—Notification No. 7/2026, dtd. 6-8-2026 [F.No. PCCIT(E)/Notification u/s 45(3)(b)/07/2026/1028] dtd. 6-8-2026 27 >>   
INCOME TAX : PRACTICE UPDATE - Amendment Replacing the Expression “A Residential House” with “One Residential House” Being Clarificatory, Whether Retrospectively Applicable? —V.K. SUBRAMANI 28 >>   
INCOME TAX : ARTICLES - Statutory Rigour under Sections 40A(3) and 40(a)(ia) : Evidentiary Burden, Mandatory Compliance and the Limits of the “Read as a Whole” Doctrine—CS. AYUSH RATHI 34 >>   
INCOME TAX : ARTICLES - Indirect Transfer of Indian Assets and Treaty Abuse : Supreme Court’s Ruling on the Limits of TRC-Based Exemption under the India-Mauritius DTAA—PRAKASH MATHUR 38 >>   
INCOME TAX : ARTICLES - Whether TCS under Section 206C(1C) Applies on Illegal Mining Lease?—AKHILESH KUMAR SAH 42 >>   
GST : ARTICLES - Tax Collected by Supplier But Not Deposited—Taking Action Against Supplier Under Section 76 vs. Denial of ITC to Purchaser—ACS. SHRUTI PHOPHALIYA 45 >>   
GST : ARTICLES - Overriding Effect of Section 16(2) of CGST Act, 2017—CA. DEEPAK HARWANI 48 >>   
GST : ARTICLES - Transport of Goods with Expire E-Way Bill—No Penalty Leviable where There is No Malafide Intent to Evade Tax—AKHILESH KUMAR SAH 51 >>   
BOARD MEETINGS : ARTICLES - Board Meetings Conducted Through Video Conferencing—Practical Non-Compliances and SS-1 Pitfalls—CA. DEEPAK HARWANI 55 >>   
SEBI : ARTICLES - The Rajesh Exports Investigation : Governance, Transparency, and the Rs. 15.15 Lakh Crore Question—CS. RAKSHA SANKHLECHA 57 >>   
BANKING : ARTICLES - Recalibrating India’s Interest Rate Derivatives Regime : Regulatory Modernisation, Prudential Discipline and the Future Architecture of Rupee Markets—CS. RAKSHA SANKHLECHA 62 >>   
INCOME TAX : CASE LAW DIGESTS - Abdulwahid Abdulkarim Qureshi v. ITO, Ward 2, Ahmednagar (2026) 203 TR (A) 454 (Punne-Trib) : 2026 TaxPub(DT) 858 (Pune-Trib) 106 >>   
INCOME TAX : CASE LAW DIGESTS - ACIT v. Armstrong International (P) Ltd. (2026) 203 TR (A) 428 (Chen 'D'-Trib) : 2026 TaxPub(DT) 4172 (Chenn-Trib) 80 >>   
INCOME TAX : CASE LAW DIGESTS - Ashok Leyland Ltd. & Anr. v. Dy. CIT & Anr. (2026) 203 TR (A) 423 (Chen 'D'-Trib) : 2026 TaxPub(DT) 1667 (Chenn-Trib) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Ashwini Kumar Ramkumar Poddar v. ACIT (2026) 203 TR (A) 417 (Pune 'A'-Trib) : 2026 TaxPub(DT) 3358 (Pune-Trib) 69 >>   
INCOME TAX : CASE LAW DIGESTS - Assistant Commissioner of Income Tax, New Delhi v. Loom Crafts Shade Systems (P) Ltd. (2026) 203 TR (A) 431 (Del-Trib) : 2026 TaxPub(DT) 4979 (Del-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Charly Rocky Chitteth v. Income Tax Officer (2026) 203 TR (A) 430 (Mum 'SMC'-Trib) : 2026 TaxPub(DT) 3391 (Mum-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Deputy Commissioner of Income Tax v. Bajaj Auto Ltd. (2026) 203 TR (A) 423 (Mum-Trib) : 2026 TaxPub(DT) 3498 (Mum-Trib) 75 >>   
INCOME TAX : CASE LAW DIGESTS - Deputy Commissioner of Income Tax, Jamnagar v. Kirit Hirabhai Kanani (2026) 203 TR (A) 432 (Rajkot-Trib) : 2026 TaxPub(DT) 4121 (Rkt-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Dhvalkumar Kantilal Barot v. Income Tax Officer (2026) 203 TR (A) 439 (Ahd 'SMC'-Trib) : 2026 TaxPub(DT) 3335 (Ahd-Trib) 91 >>   
INCOME TAX : CASE LAW DIGESTS - Dipali Murlidhar Todkar v. Income Tax Officer (2026) 203 TR (A) 455 (Pune-Trib) : 2026 TaxPub(DT) 3453 (Pune-Trib) 108 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. M/s. Agilus Diagnostics Ltd. (2026) 203 TR (A) 452 (Del 'B'-Trib) : 2026 TaxPub(DT) 1248 (Del-Trib) 105 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Rane Brake Lining Ltd. (2026) 203 TR (A) 427 (Chen 'B'-Trib) : 2026 TaxPub(DT) 3909 (Chenn-Trib) 79 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT v. Transworld Furtichem (P) Ltd. (2026) 203 TR (A) 424 (Mum 'E'-Trib) : 2026 TaxPub(DT) 3346 (Mum-Trib) 76 >>   
INCOME TAX : CASE LAW DIGESTS - Dy. CIT(E)-2(1) v. Sri Shanmukhananda Fine Arts & Sangeetha Sabha (2026) 203 TR (A) 417 (Mum 'G'-Trib) : 2026 TaxPub(DT) 3336 (Mum-Trib) 70 >>   
INCOME TAX : CASE LAW DIGESTS - Gas Supply Co. (P) Ltd. v. ACIT (2026) 203 TR (A) 445 (Del 'E'-Trib) : 2026 TaxPub(DT) 3387 (Del-Trib) 98 >>   
INCOME TAX : CASE LAW DIGESTS - Gopi Creation v. Income Tax Officer, Ward 3(2)(2), Surat (2026) 203 TR (A) 453 (Srt-Trib) : 2026 TaxPub(DT) 826 (Srt-Trib) 105 >>   
INCOME TAX : CASE LAW DIGESTS - Imtiaz Farooqi v. DCIT (2026) 203 TR (A) 429 (Hyd-Trib) : 2026 TaxPub(DT) 2663 (Hyd-Trib) 81 >>   
INCOME TAX : CASE LAW DIGESTS - Income Tax Officer v. Raj Kumar (2026) 203 TR (A) 432 (Amritsar-Trib) : 2026 TaxPub(DT) 4128 (Amr-Trib) 85 >>   
INCOME TAX : CASE LAW DIGESTS - Income Tax Officer, Noida v. Gagnish Arora (2026) 203 TR (A) 435 (Del-Trib) : 2026 TaxPub(DT) 4978 (Del-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Income Tax Officer, Ward 12(1) v. Mayukh Construction (P) Ltd. (2026) 203 TR (A) 434 (Kol 'C'-Trib) : 2026 TaxPub(DT) 4142 (Kol-Trib) 86 >>   
INCOME TAX : CASE LAW DIGESTS - India Cements Ltd. v. Dy. CIT (2026) 203 TR (A) 422 (Chen 'C'-Trib) : 2026 TaxPub(DT) 3896 (Chenn-Trib) 75 >>   
INCOME TAX : CASE LAW DIGESTS - iShares Core MSCI Emerging Markets ETF v. Dy. CIT (International Tax) (2026) 203 TR (A) 422 (Mum 'I'-Trib) : 2026 TaxPub(DT) 332 (Mum-Trib) : (2026) 136 ITR (Trib) 378 (Mum-Trib) 74 >>   
INCOME TAX : CASE LAW DIGESTS - ITO & Anr. v. Gulmohar Associates & Anr. (2026) 203 TR (A) 436 (Chd 'A'-Trib) : 2026 TaxPub(DT) 4099 (Chd-Trib) 88 >>   
INCOME TAX : CASE LAW DIGESTS - Jagruti Public Charitable Trust v. ITO (Exemption) (2026) 203 TR (A) 420 (Pune 'A'-Trib) : 2026 TaxPub(DT) 3378 (Pune-Trib) 73 >>   
INCOME TAX : CASE LAW DIGESTS - Jyoti Cariappa Saikia v. ACIT, New Delhi (2026) 203 TR (A) 440 (Del-Trib) : 2026 TaxPub(DT) 4980 (Del-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Kiran Harubhai Dangar v. Assessing Officer (2026) 203 TR (A) 434 (Rajkot-Trib) : 2026 TaxPub(DT) 3385 (Rkt-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Kirti H. Shah v. ITO (2026) 203 TR (A) 424 (Mum -Trib) : 2026 TaxPub(DT) 3483 (Mum-Trib) 77 >>   
INCOME TAX : CASE LAW DIGESTS - Kundan Jewellers (P) Ltd. v. Income Tax Officer (2026) 203 TR (A) 447 (Amritsar-Trib) : 2026 TaxPub(DT) 4131 (Amr-Trib) 100 >>   
INCOME TAX : CASE LAW DIGESTS - Lasco Chemie (P.) Ltd. v. Income Tax Officer (2026) 203 TR (A) 447 (Del-Trib) : 2026 TaxPub(DT) 2979 (Del-Trib) 99 >>   
INCOME TAX : CASE LAW DIGESTS - M/s. Jainsons Agencies v. ITO Ward-2(3), Chandigarh (2026) 203 TR (A) 431 (Chand 'A'-Trib) : 2026 TaxPub(DT) 4117 (Chd-Trib) 83 >>   
INCOME TAX : CASE LAW DIGESTS - Midea India (P) Ltd. v. Assessment Unit, Income Tax Department (2026) 203 TR (A) 446 (Del 'H'-Trib) : 2026 TaxPub(DT) 3370 (Del-Trib) 99 >>   
INCOME TAX : CASE LAW DIGESTS - Mudiali Club v. ITO, Ward-1(4), Exemption, Kolkata (2026) 203 TR (A) 445 (Kol-Trib) : 2026 TaxPub(DT) 37 (Kol-Trib) 97 >>   
INCOME TAX : CASE LAW DIGESTS - Mumbai v. Tata AIG General Insurance Company Ltd. (2026) 203 TR (A) 456 (Mum 'E'-Trib) : 2026 TaxPub(DT) 1689 (Mum 'E'-Trib) 108 >>   
INCOME TAX : CASE LAW DIGESTS - Nitin Passi v. DCIT, Central Circle-20, New Delhi (2026) 203 TR (A) 437 (Del-Trib) : 2026 TaxPub(DT) 2660 (Del-Trib) 90 >>   
INCOME TAX : CASE LAW DIGESTS - Perambur Sri Srinivasa Sweets and Snacks v. Assistant Commissioner of Income Tax (2026) 203 TR (A) 444 (Chen 'C'-Trib) : 2026 TaxPub(DT) 3442 (Chenn-Trib) 97 >>   
INCOME TAX : CASE LAW DIGESTS - Pool Thevar Marimuthu v. Deputy Commissioner of Income Tax (2026) 203 TR (A) 442 (Chen 'B'-Trib) : 2026 TaxPub(DT) 3441 (Chenn-Trib) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Rakesh Kochhar v. Dy. CIT/ACIT (2026) 203 TR (A) 435 (Chandigarh 'SMC'-Trib) : 2026 TaxPub(DT) 3390 (Chd-Trib) 87 >>   
INCOME TAX : CASE LAW DIGESTS - Rinki Singh v. ITO (2026) 203 TR (A) 430 (Ranchi-Trib) : 2026 TaxPub(DT) 1922 (Ranchi-Trib) 82 >>   
INCOME TAX : CASE LAW DIGESTS - Roy Enterprise v. Dy. CIT, Circle 27(1) (2026) 203 TR (A) 436 (Kol 'D'-Trib) : 2026 TaxPub(DT) 4139 (Kol-Trib) 89 >>   
INCOME TAX : CASE LAW DIGESTS - Sarita Jain v. Asstt. CIT (2026) 203 TR (A) 455 (Mad-HC) : 2026 TaxPub(DT) 2494 (Mad-HC) 107 >>   
INCOME TAX : CASE LAW DIGESTS - Satish Kumar Kaushal v. ITO (2026) 203 TR (A) 431 (Chandigarh 'SMC'-Trib) : 2026 TaxPub(DT) 3388 (Chd-Trib) 84 >>   
INCOME TAX : CASE LAW DIGESTS - Sh. Gopal Aggarwal v. Income Tax Officer (2026) 203 TR (A) 441 (Del-Trib) : 2026 TaxPub(DT) 2179 (Del-Trib) 93 >>   
INCOME TAX : CASE LAW DIGESTS - Sojas Corporation & Anr. v. Asstt.CIT & Anr. (2026) 203 TR (A) 433 (Ahd 'D'-Trib) : 2026 TaxPub(DT) 3961 (Ahd-Trib) 86 >>   
INCOME TAX : CASE LAW DIGESTS - Sri Srinivasa Educational & Charitable Trust v. Dy. CIT (2026) 203 TR (A) 419 (Bang 'B'-Trib) : 2026 TaxPub(DT) 900 (Bang-Trib) 71 >>   
INCOME TAX : CASE LAW DIGESTS - Tamiladu Education Dept. Govt. Officials Co-op. Society v. ITO (2026) 203 TR (A) 443 (Chen 'C'-Trib) : 2026 TaxPub(DT) 3435 (Chenn-Trib) 95 >>   
INCOME TAX : CASE LAW DIGESTS - Usha Dilipbhai Shah v. Income Tax Officer (2026) 203 TR (A) 455 (Ahm-Trib) : 2026 TaxPub(DT) 2498 (Ahmedabad-A-SMC Bench) 107 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - ACIT v. Armstrong International (P) Ltd. (2026) 203 TR (B) 462 (Chen 'D'-Trib) : 2026 TaxPub(DT) 4172 (Chenn-Trib) 114 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Ashok Leyland Ltd. v. Dy. CIT & Anr. (2026) 203 TR (B) 464 (Chen 'D'-Trib) : 2026 TaxPub(DT) 1667 (Chenn-Trib) 116 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Booking.Com B.V. V. Asstt. CIT (2026) 203 TR (B) 459 (Del 'D'-Trib) : 2026 TaxPub(DT) 1076 (Del-Trib) 112 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Herbert Smith Freehills LLP v. CIT(Appeals) (2026) 203 TR (B) 458 (Del-Trib) : 2026 TaxPub(DT) 4982 (Del-Trib) 111 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Hyatt International Southwest Asia Ltd. v. Addl. DIT (2026) 203 TR (B) 460 (SC) : 2026 TaxPub(DT) 1622 (SC) 113 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Oracle Systems Corporation, C/o Oracle India Private Limited v. Addl. DIT (2026) 203 TR (B) 458 (Del 'D'-Trib) : 2026 TaxPub(DT) 1678 (Del 'D'-Trib) 110 >>   
INTERNATIONAL TAXATION : CASE LAW DIGESTS - Warner Media India (P) Ltd. v. ACIT (2026) 203 TR (B) 461 (Del-Trib) : 2026 TaxPub(DT) 2481 (Del 'I'-Trib) 114 >>   
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