Here’s the Tax Law Daily Bulletin for May 5, 2026.
Service Tax
- VAGUE SCN AND DOUBLE TAXATION UNSUSTAINABLE: CESTAT QUASHES SERVICE TAX DEMAND ON COACHING INSTITUTE
Customs Duty
Income Tax
- DIRECT TAX COLLECTIONS RISE 5.12% TO RS. 23.40 LAKH CRORE IN FY 2025–26
- NO DISALLOWANCE WITHOUT NEXUS BETWEEN BORROWED FUNDS AND NON-BUSINESS USE: ITAT UPHOLDS DELETION OF RS. 10.87 CRORE ADDITIONS
- NON-ISSUANCE OF S. 143(2) NOTICE NOT FATAL IN BELATED RETURN CASES: ITAT UPHOLDS DELETION OF RS. 4.59 CR ADDITION ON EXPORT SALES
- ITAT DELETES CPC ADJUSTMENTS ON FIXED ASSET LOSS AND S. 43B DISALLOWANCE
- ITAT REMANDS ₹58.69 LAKH ADDITION ON DEMONETISATION CASH DEPOSITS, GRANTS FRESH OPPORTUNITY CITING MATRIMONIAL DISPUTE IMPACT
- LAND TRANSACTIONS FOR SCHOOL EXPANSION DOESN’T UNDERMINE CHARITABLE STATUS: ITAT DIRECTS GRANT OF S. 12A REGISTRATION RENEWAL
- INCOME TAX NOTICE: KEY REASONS WHY TAXPAYERS RECEIVE I-T NOTICES AND HOW TO RESPOND?
- INCOME TAX PROSECUTION QUASHED: MADRAS HC HOLDS COMPLAINT WITHOUT JURISDICTION & PRIOR ASSESSMENT IS ABUSE OF PROCESS
- ITAT DELETES GLOBAL INCOME ADDITION AFTER HOLDING NO BASIS FOR POEM IN INDIA DESPITE CIT(A)’S OWN FINDINGS
- RELIANCE TRUST, ISKCON, HINDUJA HOSPITAL & BREACH CANDY MOVE ITAT AGAINST S. 12AB CANCELLATION OVER ‘COMMERCIAL ACTIVITY’ ALLEGATIONS
