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Key Changes in ITR Forms for AY 2026-27 Taxpayers Should Know
The CBDT has notified revised Income Tax Return (ITR) forms for Assessment Year (AY) 2026- 27 with changes affecting salaried individuals, small...
![Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order] Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136101-delay-in-delivering-reserved-ordersjpg.webp)
Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order]
The order focuses the High Court’s concern over long delays in insolvency cases and stresses that once hearings are completed, decisions must be delivered quickly to protect the purpose and credibility of the Insolvency and Bankruptcy Code.
![Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order] Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136101-delay-in-delivering-reserved-ordersjpg.webp)
Delay in Delivering Reserved Orders Violates IBC’s Mandate for Speedy Resolution: Bombay HC Directs NCLT to Dispose JM Financial’s ₹167 Cr Insolvency Plea [Read Order]
The order focuses the High Court’s concern over long delays in insolvency cases and stresses that once hearings are completed, decisions must be delivered quickly to protect the purpose and credibility of the Insolvency and Bankruptcy Code.


![Small HUF Lender’s Cash Deposits During Demonetization Explained through Loan Recoveries: ITAT Deletes Rs. 9.4L Addition u/s 69A [Read Order] Small HUF Lender’s Cash Deposits During Demonetization Explained through Loan Recoveries: ITAT Deletes Rs. 9.4L Addition u/s 69A [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136157-small-huf-lenders-cash-deposits-during-demonetizationjpg.webp)
![Cash deposits during Demonetization alleged to be Unexplained Sufficiently Evidenced: ITAT reduces Addition to 10% [Read Order] Cash deposits during Demonetization alleged to be Unexplained Sufficiently Evidenced: ITAT reduces Addition to 10% [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136156-cash-deposits-during-demonetizationjpg.webp)
![Quicklime with Less Than 98% Purity Not Classifiable under Residuary Classification: SC Rules in Favour of ITC Ltd. [Read Judgement] Quicklime with Less Than 98% Purity Not Classifiable under Residuary Classification: SC Rules in Favour of ITC Ltd. [Read Judgement]](https://images.taxscan.in/h-upload/2026/05/09/2136154-quicklime-with-less-than-98-purity-not-classifiable-under-residuary-classification-site-image-2jpg.webp)
![TPO Wrongly Recharacterised Boeing India as Full-Risk Service Provider Despite AE Assuming Entire Contractual Risks: ITAT [Read Order] TPO Wrongly Recharacterised Boeing India as Full-Risk Service Provider Despite AE Assuming Entire Contractual Risks: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136121-tpo-wrongly-recharacterised-boeing-india-as-full-risk-service-provider-despite-ae-assuming-entire-contractual-risks-site-image-2jpg-1.webp)








![CBIC Issues Corrigendum on GST Tariff Code for Beverages [Read Notification] CBIC Issues Corrigendum on GST Tariff Code for Beverages [Read Notification]](https://images.taxscan.in/h-upload/2026/05/07/2135848-cbic-issues-corrigendum-on-gst-tariff-code-for-beveragesjpg.webp)
![Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order] Service Tax cannot be levied on Liquidity Damages: CESTAT allows BHELs appeal [Read Order]](https://images.taxscan.in/h-upload/2026/05/07/2135780-cestat-hyderabad-service-tax-liquidity-damages-bhel-appeal-taxscan.webp)
![Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order] Car Dealer Incentives Not Taxable as Commission: CESTAT Sets Aside Service Tax Demand on Discounts from Manufacturer [Read Order]](https://images.taxscan.in/h-upload/2026/04/28/2134787-cestat-car-dealer-incentives-service-tax-demand-cestat-car-dealer-case-taxscan.webp)
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order] Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134350-dept-specify-clause-in-scn-cestat-sets-aside-service-tax-demand-on-tour-operator-taxscan.webp)
![Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order] Dept Fails to Specify Clause in SCN: CESTAT Sets Aside Service Tax Demand on Tour Operator [Read Order]](https://images.taxscan.in/h-upload/2026/04/23/2134262-service-tax-demand.webp)
![Service Tax Demand of ₹26.26 Lakh Quashed: CESTAT Confirms Exemption for Own-Truck Operations [Read Order] Service Tax Demand of ₹26.26 Lakh Quashed: CESTAT Confirms Exemption for Own-Truck Operations [Read Order]](https://images.taxscan.in/h-upload/2026/04/19/2133657-service-tax-demand-quashed-cestat-confirms-exemption-own-truck-operations-taxscan.webp)
![Construction of Residential Quarters for Staff Not Taxable as Commercial Construction: CESTAT [read Order] Construction of Residential Quarters for Staff Not Taxable as Commercial Construction: CESTAT [read Order]](https://images.taxscan.in/h-upload/2026/05/08/2136028-construction-of-residential-quartersjpg.webp)

Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order] Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg)
Yogitha S. Yogesh
Rupesh Sharma


Saagarika Gopinath

![SC Dismisses Dhanlaxmi Bank’s Insolvency Plea, Holding Dispute Predominantly Contractual and Within DRT’s Jurisdiction for Recovery [Read Order] SC Dismisses Dhanlaxmi Bank’s Insolvency Plea, Holding Dispute Predominantly Contractual and Within DRT’s Jurisdiction for Recovery [Read Order]](https://images.taxscan.in/h-upload/2026/05/09/2136107-sc-dismisses-dhanlaxmi-banks-insolvency-plea-site-image-2jpg.webp)
![Buying Property from NRIs under the Income Tax Act, 2025: Compliance & Planning Essentials [Read Order] Buying Property from NRIs under the Income Tax Act, 2025: Compliance & Planning Essentials [Read Order]](https://images.taxscan.in/h-upload/2026/05/08/2136035-site-img8-12jpg.webp)
![Order Rejected Carry Forward of Loss Due to 7-Day Delay in Filing Income Tax Return: Calcutta HC Condones Delay [Read Order] Order Rejected Carry Forward of Loss Due to 7-Day Delay in Filing Income Tax Return: Calcutta HC Condones Delay [Read Order]](https://images.taxscan.in/h-upload/2026/05/08/2136022-site-img8-10jpg.webp)



