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    September 9, 2026   Case Laws Income Tax
    Internal comparable Cost Plus Method prevails where identical independent services use the same mark-up, eliminating transfer-pricing adjustment.
    September 9, 2026   Case Laws Income Tax
    Telecom tax deductions and transfer pricing: business-linked receipts qualify, while unsupported royalty and marketing adjustments fail.
    September 9, 2026   Case Laws Income Tax
    Unexercised stock option compensation remains non-salary when voluntary restructuring payments lack a proximate employment nexus and option transfer.
    September 9, 2026   Case Laws Income Tax
    Notional letting value on unsold stock-in-trade and unsupported brokerage benchmarking cannot sustain tax adjustments for pre-amendment years.
    September 9, 2026   Case Laws Income Tax
    Consequential assessment limitation bars reassessment after a partial transfer-pricing remand unless the statutory deadline is met.
    September 9, 2026   Case Laws Income Tax
    TNMM functional comparability drives exclusions, current-year recession margins, operating-income treatment, and deletion of interest imputation on de...
    September 9, 2026   Case Laws Income Tax
    Suppressed turnover taxability limits assessment to embedded profit, while cash-payment disallowance requires payment-wise threshold verification.
    September 9, 2026   Case Laws Income Tax
    Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
    September 9, 2026   Case Laws Income Tax
    Transfer pricing consistency under TNMM protects integrated intra-group service benchmarking where facts and business model remain unchanged.
    September 9, 2026   Case Laws Income Tax
    Reassessment based on specific investigation information upheld where alleged accommodation-entry loan showed a live nexus with escaped income.
    September 9, 2026   Case Laws Income Tax
    Working capital adjustments require reasonably accurate computations, while CSR donations may qualify separately for charitable deduction.
    September 9, 2026   Case Laws Income Tax
    AE segmental benchmarking and CCD interest deductions survive disclosure reclassification where arm's-length margins and debt status are established.
    September 9, 2026   Case Laws Customs
    Interim stay exclusion under customs limitation begins when connected writ protection ends, preserving timely duty adjudication.
    September 9, 2026   Case Laws Customs
    Customs-duty exemption for salvage-operation stores concerns duty rates, requiring a direct Supreme Court challenge rather than High Court appeal.
    September 9, 2026   Case Laws Customs
    Bank account freezing under Customs law cannot continue beyond the statutory maximum merely because a show-cause notice was issued.
    September 9, 2026   Case Laws Customs
    Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review...
    September 9, 2026   Case Laws Customs
    Written acceptance of customs reassessment does not waive appeal rights where enhanced valuation is paid under protest.
    September 9, 2026   Case Laws Customs
    Pre-import condition breach under Advance Authorisation requires Bill of Entry-wise IGST reassessment, while interest and penalties fail.
    September 9, 2026   Case Laws Customs
    Customs valuation safeguards invalidate unsupported declared-value rejection, unauthenticated electronic evidence, proxy-importer duty demands, and re...
    September 9, 2026   Case Laws Customs
    Sole or principal use classification protects GEHO pump-specific components from residual material-based tariff treatment and related duty demands.
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September 9, 2026   Case Laws Income Tax
Internal comparable Cost Plus Method prevails where identical independent services use the same mark-up, eliminating transfer-pricing adjustment.
September 9, 2026   Case Laws Income Tax
Telecom tax deductions and transfer pricing: business-linked receipts qualify, while unsupported royalty and marketing adjustments fail.
September 9, 2026   Case Laws Income Tax
Unexercised stock option compensation remains non-salary when voluntary restructuring payments lack a proximate employment nexus and option transfer.
September 9, 2026   Case Laws Income Tax
Notional letting value on unsold stock-in-trade and unsupported brokerage benchmarking cannot sustain tax adjustments for pre-amendment years.
September 9, 2026   Case Laws Income Tax
Consequential assessment limitation bars reassessment after a partial transfer-pricing remand unless the statutory deadline is met.
September 9, 2026   Case Laws Income Tax
TNMM functional comparability drives exclusions, current-year recession margins, operating-income treatment, and deletion of interest imputation on debt-free receivables.
September 9, 2026   Case Laws Income Tax
Suppressed turnover taxability limits assessment to embedded profit, while cash-payment disallowance requires payment-wise threshold verification.
September 9, 2026   Case Laws Income Tax
Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise receivables.
September 9, 2026   Case Laws Income Tax
Transfer pricing consistency under TNMM protects integrated intra-group service benchmarking where facts and business model remain unchanged.
September 9, 2026   Case Laws Income Tax
Reassessment based on specific investigation information upheld where alleged accommodation-entry loan showed a live nexus with escaped income.
September 9, 2026   Case Laws Income Tax
Working capital adjustments require reasonably accurate computations, while CSR donations may qualify separately for charitable deduction.
September 9, 2026   Case Laws Income Tax
AE segmental benchmarking and CCD interest deductions survive disclosure reclassification where arm's-length margins and debt status are established.
September 9, 2026   Case Laws Customs
Interim stay exclusion under customs limitation begins when connected writ protection ends, preserving timely duty adjudication.
September 9, 2026   Case Laws Customs
Customs-duty exemption for salvage-operation stores concerns duty rates, requiring a direct Supreme Court challenge rather than High Court appeal.
September 9, 2026   Case Laws Customs
Bank account freezing under Customs law cannot continue beyond the statutory maximum merely because a show-cause notice was issued.
September 9, 2026   Case Laws Customs
Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review.
September 9, 2026   Case Laws Customs
Written acceptance of customs reassessment does not waive appeal rights where enhanced valuation is paid under protest.
September 9, 2026   Case Laws Customs
Pre-import condition breach under Advance Authorisation requires Bill of Entry-wise IGST reassessment, while interest and penalties fail.
September 9, 2026   Case Laws Customs
Customs valuation safeguards invalidate unsupported declared-value rejection, unauthenticated electronic evidence, proxy-importer duty demands, and redemption fine.
September 9, 2026   Case Laws Customs
Sole or principal use classification protects GEHO pump-specific components from residual material-based tariff treatment and related duty demands.

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Home › Highlights › Income Tax › 2026 › September, 2026 › This
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Income Tax

Trade and quantity discounts received by a milk resale agent...

Trade discounts received by milk resale agents are explained income, preventing estimated additions as unexplained money.

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Income Tax September 7, 2026 Case Laws AT
Trade and quantity discounts received by a milk resale agent constituted an explained source of income where bank statements showed that sale proceeds were deposited into a joint account with the dairy and withdrawn by the dairy on the same day. Treating those discounts as unexplained money was therefore unwarranted. Profit estimation at 70% of the total discounts, with only 30% allowed for storage and distribution expenses, lacked a proper basis. The addition relating to the discounts was deleted.
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Acts Income Tax
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