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As we celebrate our freedom, we also celebrate the responsibility to build upon it. With knowledge, integrity and a shared commitment to progress, here's to an India that continues to learn, grow and lead. 𝗛𝗮𝗽𝗽𝘆 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗲 𝗗𝗮𝘆! #IndependenceDay #HappyIndependenceDay #India #NationBuilding #Taxmann

#GST #CaseLaw 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐓𝐚𝐱𝐦𝐚𝐧𝐧'𝐬 𝐂𝐚𝐬𝐞 𝐃𝐢𝐠𝐞𝐬𝐭: • Insolvency and receivership services rendered by an Advocate acting as an Insolvency Professional are not classified as legal services for GST purposes. • Such services fall under SAC 998241 and are not covered under the reverse charge mechanism applicable to legal services rendered by Advocates. 𝐂𝐚𝐬𝐞 𝐍𝐚𝐦𝐞: Kanwal Chaudhary v. Insolvency and Bankruptcy Board of India 𝐂𝐢𝐭𝐚𝐭𝐢𝐨𝐧: [2026] 189 taxmann.com 463 (Delhi) 𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐃𝐞𝐥𝐡𝐢 𝐇𝐢𝐠𝐡 𝐂𝐨𝐮𝐫𝐭 𝐉𝐮𝐝𝐠𝐦𝐞𝐧𝐭: https://taxmann.social/Rjd68 • Prathiba M. Singh & Shail Jain, JJ. #TaxmannUpdates #GST #ReverseCharge #ForwardCharge #IBBI #DelhiHighCourt

Empowering informed corporate-law decisions. https://taxmann.social/bjd5b [Read Time: 02 mins] Curated updates, incisive analysis, and primary sources—built for corporate, compliance, and legal teams. Join our community of 100,000+ professionals; access content curated by Taxmann’s Editorial Board from 1,000+ sources – https://taxmann.social/tRzS #TaxmannUpdates #RBI #SEBI #IRDAI #KMP #KYC #BSIF #PMLA

HAPPY INDEPENDENCE DAY! The Freedom Fest runs through the long weekend! 📚 Use code FREEDOM26 at checkout to get an extra 10% off* on books at the Taxmann Bookstore—print or virtual, across categories. No minimum order and no cap on what you save. Not valid on journals and subscriptions. Offer ends Monday, 17th August 2026. Shop now at the Taxmann Bookstore: 🔗 https://taxmann.social/3jiup T&Cs apply. #FreedomFest #IndependenceDay #Taxmann #CAStudents #LawStudents

#TaxmannAnalysis #Section56 Mumbai ITAT in Ankit Bharat Sheth v. ITO held that an allotment letter may be treated as the agreement fixing consideration for Section 56(2)(x), where statutory conditions are satisfied. • 𝐀𝐥𝐥𝐨𝐭𝐦𝐞𝐧𝐭 𝐋𝐞𝐭𝐭𝐞𝐫 - Can help determine the date on which consideration was fixed • 𝐒𝐭𝐚𝐦𝐩 𝐃𝐮𝐭𝐲 𝐕𝐚𝐥𝐮𝐞 - Value on allotment date may be adopted instead of registration date • 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧 - Whole or part payment must be through prescribed banking modes • 𝐓𝐚𝐱𝐩𝐚𝐲𝐞𝐫 𝐑𝐞𝐥𝐢𝐞𝐟 - Helps genuine buyers avoid additions due to later SDV increase Read the Full Article for FREE! https://taxmann.social/hjdBt [17- Minutes | Read Time] Authored by: Meenakshi Subramaniam – Former IRS Officer #TaxmannUpdates #IncomeTax #Section56 #RealEstateTax

#InternationalTaxation #CaseLaw  Salary for Services Rendered in Australia Not Taxable in India under India–Australia DTAA; AO to Exclude Same: ITAT Read the (Delhi) Tribunal Order: https://taxmann.social/yjy7v  Citation: [2026] 188 taxmann.com 1103 (Delhi - Trib.)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #DTAA

#InternationalTaxation #CaseLaw  MFN Benefit under India–Belgium DTAA Unavailable Following Nestle SA; Sec. 40(a)(i) Disallowance Upheld: ITAT Read the (Chennai) Tribunal Order: https://taxmann.social/Yjy8c  Citation: [2026] 188 taxmann.com 336 (Chennai - Trib.)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #DTAA

#InternationalTaxation #CaseLaw  MFN Benefit under India–Belgium DTAA Unavailable Following Nestle SA; Sec. 40(a)(i) Disallowance Upheld: ITAT Read The Full (Chennai) Tribunal Order Here: https://taxmann.social/Yjy8c  Citation: [2026] 188 taxmann.com 336 (Chennai - Trib.)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #DTAA

#IncomeTax #CaseLaw  Interest u/s 40 of BMA Not Leviable as Foreign Source Was Disclosed; Senior Citizen Exempt from Advance Tax: ITAT Read the (Chennai) Tribunal Order: https://taxmann.social/1jy9o  Citation: [2026] 188 taxmann.com 1079 (Chennai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #BMA

#IncomeTax #CaseLaw  CIT (Exemption) Cannot Attach Caveat to Sec. 12AB, 80G Registration Based on Proposed SC Challenge to Binding HC Order: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/Xjy2K  Citation: [2026] 188 taxmann.com 541 (Mumbai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITAT

#LabourLaw #CaseLaw  Remand for Fresh Enquiry under Section 28-J Unwarranted, as Tribunal Cannot Declare Entire Union Election Void: HC Read the (M.P.) High Court Order: https://taxmann.social/LjyUJ  Citation: [2026] 188 taxmann.com 533 (Madhya Pradesh)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #HighCourt

#CompanyLaw #Opinion Can a Company Cancel Allotment of Shares? Read the Full Article for FREE! https://taxmann.social/ojyYY [27 Mins | Read Time]  Authored By: Dr K R Chandratre – Practising Company Secretary, Pune; Past President, | The Institute of Company Secretaries of India 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Shares

#IncomeTax #Opinion Certainty in Tax Matters – A Myth: The Judicial Divide Over the Term “Agreement” under Section 50C and 56(2)(x) Read the Full Article for FREE! https://taxmann.social/ljyTB [13 Mins | Read Time]   Authored By: Jigar Mehta – CA & Vaidehi Singrodia – CA 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #Section50C

#IncomeTax #CaseLaw Addition for Alleged On-money u/s 69 Unjustified as No Evidence of Cash Payment by Assessee: ITAT Read the (Pune) Tribunal Order: https://taxmann.social/ZjyRI  Citation: [2026] 188 taxmann.com 1001 (Pune - Trib.)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #ITAT

#GST #CaseLaw One-day Delay Beyond Condonable Period Due to Bereavement Condoned Exercising Writ Power to Prevent Injustice: HC Read the (Jammu & Kashmir and Ladakh) High Court Order: https://taxmann.social/WjyWF  Citation: [2026] 188 taxmann.com 913 (Jammu & Kashmir and Ladakh)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #HighCourt

#GST #CaseLaw Order Set Aside as Denial of Mandatory Personal Hearing under Sec. 75(4) Vitiated Proceedings: HC Read the (Allahabad) High Court Order: https://taxmann.social/bjyQy  Citation: [2026] 188 taxmann.com 977 (Allahabad) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #HighCourt

#GST #CaseLaw Writ Not Maintainable as GSTAT Constituted and Appeal Timelines Notified per SO 4220(E): HC Read The Full (Orissa) High Court Order Here: https://taxmann.social/zjyma  Citation: [2026] 188 taxmann.com 182 (Orissa)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #GSTAT

#IncomeTax #CaseLaw Reassessment Quashed as AO Relied on Presumptions of Interest Deduction Not Actually Claimed: HC Read the (Gujarat) High Court Order Her: https://taxmann.social/Ijyn9 Citation: [2026] 188 taxmann.com 517 (Gujarat)  𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #AO

#IncomeTax #CaseLaw CSR Donations to 80G-approved Institutions Eligible for Deduction as Sec. 80G Has No CSR-specific Bar: ITAT Read the (Mumbai) Tribunal Order: https://taxmann.social/9jybY Citation: [2026] 187 taxmann.com 957 (Mumbai - Trib.) 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐧 𝐋𝐚𝐰𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://taxmann.social/ayDWB #TaxmannUpdates #CSR

#TaxmannAnalysis #DataCentreTaxHoliday This article discusses how TOLA 2026 seeks to refine India’s data centre tax holiday framework by easing approvals and recognising modern infrastructure models. • 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥𝐬 - Mandatory notification and approval requirements are proposed to be removed • 𝐋𝐞𝐚𝐬𝐞-𝐁𝐚𝐬𝐞𝐝 𝐌𝐨𝐝𝐞𝐥𝐬 - Tax holiday eligibility may extend to leased data centre structures • 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐏𝐮𝐬𝐡 - The move may improve tax certainty for global digital infrastructure investors Read the Full Article for FREE! https://taxmann.social/TjdSf [3-Minutes | Read Time] Authored by: Utkarsh Trivedi—Partner | Deloitte India, Nekchehr Elavia—Associate Director | Deloitte India, Saurin Safi—Manager | Deloitte India #TaxmannUpdates #TOLA2026 #DataCentres #DigitalInfrastructure