Income Tax Bulletin July 2026
Judicial Updates
- CIT(A) cannot enhance income from sources that are unrelated to reassessment reasons.
- Payment to occupants/tenants as compensation for vacating property is an allowable accrued business liability.
- Proviso to Sec. 2(15) inapplicable, as trust’s activities of printing books, constitutes educational activity.
- DT-VSV Scheme settlement doesn’t bar reopening on unrelated matters:
- Delayed Form 10B filing during appeal doesn’t bar Sec. 11 exemption to Trust: