Budget 2026: Will HRA Limits Be Revised Amid Soaring Rental Costs?
With Budget 2026 on the corner expectations are once again on rise among salaried taxpayers for meaningful relief amid escalating living expenses....
![Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/2122376-interest-expenditure-allowable-interest-income-direct-nexus-proved-taxscan.webp "Interest Expenditure allowable u/s 57(iii) against Interest Income if Direct Nexus Proved: ITAT Deletes ₹1.06 Cr Disallowance [Read Order]")
![No Registered Instrument or Oral Agreement to Prove Statutory Tenancy: DRAT affirms Recovery of Property [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/2122369-no-registered-instrument-oral-agreement-prove-statutory-tenancy-drat-affirms-recovery-property.webp "No Registered Instrument or Oral Agreement to Prove Statutory Tenancy: DRAT affirms Recovery of Property [Read Order]")
![Loan Not Fully Disbursed, Project Stalled: DRAT Upholds Interest Rate Reduction to 10% by DRT and Dismisses HUDCO’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122284-drat-taxscan.jfif "Loan Not Fully Disbursed, Project Stalled: DRAT Upholds Interest Rate Reduction to 10% by DRT and Dismisses HUDCO’s Appeal [Read Order]")
![90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122251-90-dispense-unsecured-creditor-consent-sufficient-tmeetings.webp "90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]")
![Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122245-delay-filing-repayment-plan-not-grounds-bankruptcy-taxscan.jfif "Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]")
Customs Cannot Override DGFT’s EODC: CESTAT Sets Aside Duty and Penalty on Vedanta Ltd [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has set aside the duty and penalties imposed on Vedanta Ltd, holding that the customs authorities cannot override...
![Customs Cannot Override DGFT’s EODC: CESTAT Sets Aside Duty and Penalty on Vedanta Ltd [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122287-customs-cannot-override-dgfts-eodc-cestat-sets-aside-duty-penalty-vedanta-ltd.webp "Customs Cannot Override DGFT’s EODC: CESTAT Sets Aside Duty and Penalty on Vedanta Ltd [Read Order]")
Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]
The two-member bench of the Income Tax Appellate Tribunal (“ITAT”) had removed addition to cash deposit as unexplained as had been done under Section68. ITAT accepted the explanation given by the...
![Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122282-cash-from-sale-crops-deposited-during-demonetization-period-taxscan.webp "Cash from Sale of Crops Deposited during Demonetization Period, Supporting Documents Submitted: ITAT Removes Addition u/s 68 [Read Order]")
Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]
The Patna Bench of the Income Tax Appellant Tribunal ( ITAT ) has held that search assessments under Section 153A of the Income Tax Act, 1961, cannot stand the test of time in those situations...
![Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122271-search-assessments-under-income-tax-unsustainable-approval-mechanical-itat-taxscan.webp "Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]")
Vodafone Distributor Fails to Explain ₹51.80 Lakh Cash Deposits: ITAT Upholds 8% Income Estimation [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has upheld that the estimation of income at 8% on a large cash deposit made by a Vodafone distributor failed to satisfactorily explain the...
![Vodafone Distributor Fails to Explain ₹51.80 Lakh Cash Deposits: ITAT Upholds 8% Income Estimation [Read Order]](https://images.taxscan.in/h-upload/2026/01/28/2122269-vodafone-distributor-fails-explain-5180-lakh-cash-deposits-itat-upholds-8-income-estimation-taxscan.webp "Vodafone Distributor Fails to Explain ₹51.80 Lakh Cash Deposits: ITAT Upholds 8% Income Estimation [Read Order]")