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    March 11, 2026   Case Laws Income Tax
    Limitation on reassessment powers: an unexplained delay of over eight years bars giving effect to a Tribunal remand.
    March 11, 2026   Case Laws Income Tax
    Presumptive taxation under section 44AD absorbs stamp-duty valuation for turnover; 43CA cannot create a separate addition after 44AD is accepted.
    March 11, 2026   Case Laws Income Tax
    Satisfaction Note Requirement under section 153C: assessment lacked jurisdiction and was time barred when limitation fixed at handing over.
    March 11, 2026   Case Laws Customs
    Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not appl...
    March 11, 2026   Case Laws Customs
    Insufficient Expert Report: non categorical chemical tests and denial of cross examination led to benefit of doubt for importers.
    March 11, 2026   Case Laws Customs
    Classification of used metal goods: lack of expert proof of serviceability defeats mis-declaration and reverses confiscation and penalties.
    March 11, 2026   Case Laws Companies Law
    Reduction of Share Capital: Court upholds notice sufficiency, valuer independence, and permissible use of marketability discount.
    March 11, 2026   Case Laws Companies Law
    Undertaking as going concern: sale of isolated asset avoided special resolution requirement and purchaser's title upheld.
    March 11, 2026   Case Laws IBC
    Pre-existing contractual dispute bars CIRP admission; genuine settlement-linked dispute led to rejection of the Section 9 petition.
    March 11, 2026   Case Laws Income Tax
    Right to be Heard overrules technical non compliance; matter remanded for verification of loan and interest documentation.
    March 11, 2026   Case Laws Income Tax
    Cessation of liability requires actual waiver and benefit in the year; absent both, tax addition under cessation rule deleted.
    March 11, 2026   Case Laws Income Tax
    Erroneous Tax Audit Report: corrected auditor revision nullifies disallowance where clerical/figural error is proved, so addition deleted.
    March 11, 2026   Case Laws Income Tax
    Application of Income for Charitable Purposes upheld; donations to other registered charitable trusts preserve tax-exempt status.
    March 11, 2026   Case Laws Income Tax
    Taxability of Non-Resident Agent Income: commissions for services rendered abroad are not taxable in India and no TDS required.
    March 11, 2026   Case Laws Customs
    Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
    March 11, 2026   Case Laws Customs
    Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
    March 11, 2026   Case Laws Customs
    Mandatory Pre-deposit Requirement may be met by staged instalments; appeal entertained on initial deposit, final order after full compliance.
    March 11, 2026   Case Laws Customs
    Reason to believe for penalty requires corroboration; circumstantial evidence can sustain penalty while discretion may reduce its quantum.
    March 11, 2026   Case Laws Customs
    Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
    March 11, 2026   Case Laws Customs
    Immediate suspension of a licence requires evidential link and recorded reasons; absence warrants setting aside and resumption pending inquiry.
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March 11, 2026   Case Laws Income Tax
Limitation on reassessment powers: an unexplained delay of over eight years bars giving effect to a Tribunal remand.
March 11, 2026   Case Laws Income Tax
Presumptive taxation under section 44AD absorbs stamp-duty valuation for turnover; 43CA cannot create a separate addition after 44AD is accepted.
March 11, 2026   Case Laws Income Tax
Satisfaction Note Requirement under section 153C: assessment lacked jurisdiction and was time barred when limitation fixed at handing over.
March 11, 2026   Case Laws Customs
Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not apply.
March 11, 2026   Case Laws Customs
Insufficient Expert Report: non categorical chemical tests and denial of cross examination led to benefit of doubt for importers.
March 11, 2026   Case Laws Customs
Classification of used metal goods: lack of expert proof of serviceability defeats mis-declaration and reverses confiscation and penalties.
March 11, 2026   Case Laws Companies Law
Reduction of Share Capital: Court upholds notice sufficiency, valuer independence, and permissible use of marketability discount.
March 11, 2026   Case Laws Companies Law
Undertaking as going concern: sale of isolated asset avoided special resolution requirement and purchaser's title upheld.
March 11, 2026   Case Laws IBC
Pre-existing contractual dispute bars CIRP admission; genuine settlement-linked dispute led to rejection of the Section 9 petition.
March 11, 2026   Case Laws Income Tax
Right to be Heard overrules technical non compliance; matter remanded for verification of loan and interest documentation.
March 11, 2026   Case Laws Income Tax
Cessation of liability requires actual waiver and benefit in the year; absent both, tax addition under cessation rule deleted.
March 11, 2026   Case Laws Income Tax
Erroneous Tax Audit Report: corrected auditor revision nullifies disallowance where clerical/figural error is proved, so addition deleted.
March 11, 2026   Case Laws Income Tax
Application of Income for Charitable Purposes upheld; donations to other registered charitable trusts preserve tax-exempt status.
March 11, 2026   Case Laws Income Tax
Taxability of Non-Resident Agent Income: commissions for services rendered abroad are not taxable in India and no TDS required.
March 11, 2026   Case Laws Customs
Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cure noncompliance.
March 11, 2026   Case Laws Customs
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for decision.
March 11, 2026   Case Laws Customs
Mandatory Pre-deposit Requirement may be met by staged instalments; appeal entertained on initial deposit, final order after full compliance.
March 11, 2026   Case Laws Customs
Reason to believe for penalty requires corroboration; circumstantial evidence can sustain penalty while discretion may reduce its quantum.
March 11, 2026   Case Laws Customs
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-declaration.
March 11, 2026   Case Laws Customs
Immediate suspension of a licence requires evidential link and recorded reasons; absence warrants setting aside and resumption pending inquiry.

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Income Tax

Interest on income-tax refund received by a co-operative society...

Deduction for interest on income-tax refunds to a co-operative society upheld as income attributable to member banking activity

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Income Tax July 1, 2026 Case Laws AT
Interest on income-tax refund received by a co-operative society was treated as income attributable to its banking activity for members, so deduction under section 80P(2)(a)(i) was allowed. Relying on Special Bench precedent, the Tribunal rejected the view that the receipt was income from other sources. The addition on this account was deleted and the assessee's deduction claim was accepted.
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Acts Income Tax
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