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    October 29, 2026   Case Laws GST
    Actual receipt of goods governs input tax credit, while duplicate penalties require statutory justification and procedural fairness.
    October 29, 2026   Case Laws GST
    Technical e-way bill discrepancies cannot support GST penalties where transactions are reported, tax paid, and evasion intent is absent.
    October 29, 2026   Case Laws GST
    Prospective refund restrictions cannot defeat pre-existing input tax credit claims merely because the refund application was filed later.
    October 29, 2026   Case Laws GST
    Statutory GST appeal limits bar excess delay condonation, while restoring registration prevents departmental challenge to the implemented order.
    October 29, 2026   Case Laws Income Tax
    Limitation for Tribunal appeals begins on receipt of the reasoned order, while sufficient cause can justify condonation.
    October 29, 2026   Case Laws Income Tax
    Refund adjustment during pending tax appeals requires prior intimation and binding recovery instructions; improper recovery attracts interest-bearing ...
    October 29, 2026   Case Laws Income Tax
    Joint development transfer triggers capital gains for property-owning association, while valuation must reflect consideration at the transfer date.
    October 29, 2026   Case Laws Income Tax
    Book rejection for missing stock records requires rational profit estimation and fresh cash-credit verification, with reassessment directed.
    October 29, 2026   Case Laws Income Tax
    Characterisation of flat-sale receipts as business income defeats capital-gains treatment and the residential-property reinvestment deduction.
    October 29, 2026   Case Laws Income Tax
    Inter-bank transfers from disclosed salary income are not unexplained money; rental income retains the statutory standard deduction.
    October 29, 2026   Case Laws Income Tax
    GST turnover reconciliation prevents gross-profit additions where duplicate reporting, rather than off-book sales, explains the reported turnover diff...
    October 29, 2026   Case Laws Income Tax
    Reasonable cause for delayed compliance with tax notices can preclude penalties where reassessment concludes after substantive replies.
    October 29, 2026   Case Laws Income Tax
    Mandatory limitation for final assessments runs from electronic directions under the special statutory timeline, overriding general assessment time li...
    October 29, 2026   Case Laws Income Tax
    Compensatory land allotment requires verification before deemed-property income taxation and under-reporting penalty can be sustained.
    October 29, 2026   Case Laws Income Tax
    Managing director performance commission qualifies as deductible remuneration where it reflects services, salary taxation, declared dividends, and con...
    October 29, 2026   Case Laws Income Tax
    Commercial exploitation of leasehold rights makes sub-letting receipts business income where ancillary services form part of the arrangement.
    October 29, 2026   Case Laws Income Tax
    Concealment penalty on estimated bogus-purchase additions is unsustainable where the disallowance rests solely on an ad hoc basis.
    October 29, 2026   Case Laws Customs
    DFIA classification of liquid glucose follows its immediate starch input, preserving duty-free import benefit and defeating recovery claims.
    October 29, 2026   Case Laws Customs
    Customs Broker licence restrictions: authorised import clearance and officer-controlled licence debits negated alleged regulatory breaches.
    October 29, 2026   Case Laws Customs
    Export transaction value remains unreduced by overseas agency commission; excess commission reduces eligible export incentives only.
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October 29, 2026   Case Laws GST
Actual receipt of goods governs input tax credit, while duplicate penalties require statutory justification and procedural fairness.
October 29, 2026   Case Laws GST
Technical e-way bill discrepancies cannot support GST penalties where transactions are reported, tax paid, and evasion intent is absent.
October 29, 2026   Case Laws GST
Prospective refund restrictions cannot defeat pre-existing input tax credit claims merely because the refund application was filed later.
October 29, 2026   Case Laws GST
Statutory GST appeal limits bar excess delay condonation, while restoring registration prevents departmental challenge to the implemented order.
October 29, 2026   Case Laws Income Tax
Limitation for Tribunal appeals begins on receipt of the reasoned order, while sufficient cause can justify condonation.
October 29, 2026   Case Laws Income Tax
Refund adjustment during pending tax appeals requires prior intimation and binding recovery instructions; improper recovery attracts interest-bearing refund.
October 29, 2026   Case Laws Income Tax
Joint development transfer triggers capital gains for property-owning association, while valuation must reflect consideration at the transfer date.
October 29, 2026   Case Laws Income Tax
Book rejection for missing stock records requires rational profit estimation and fresh cash-credit verification, with reassessment directed.
October 29, 2026   Case Laws Income Tax
Characterisation of flat-sale receipts as business income defeats capital-gains treatment and the residential-property reinvestment deduction.
October 29, 2026   Case Laws Income Tax
Inter-bank transfers from disclosed salary income are not unexplained money; rental income retains the statutory standard deduction.
October 29, 2026   Case Laws Income Tax
GST turnover reconciliation prevents gross-profit additions where duplicate reporting, rather than off-book sales, explains the reported turnover difference.
October 29, 2026   Case Laws Income Tax
Reasonable cause for delayed compliance with tax notices can preclude penalties where reassessment concludes after substantive replies.
October 29, 2026   Case Laws Income Tax
Mandatory limitation for final assessments runs from electronic directions under the special statutory timeline, overriding general assessment time limits.
October 29, 2026   Case Laws Income Tax
Compensatory land allotment requires verification before deemed-property income taxation and under-reporting penalty can be sustained.
October 29, 2026   Case Laws Income Tax
Managing director performance commission qualifies as deductible remuneration where it reflects services, salary taxation, declared dividends, and consistent prior allowance.
October 29, 2026   Case Laws Income Tax
Commercial exploitation of leasehold rights makes sub-letting receipts business income where ancillary services form part of the arrangement.
October 29, 2026   Case Laws Income Tax
Concealment penalty on estimated bogus-purchase additions is unsustainable where the disallowance rests solely on an ad hoc basis.
October 29, 2026   Case Laws Customs
DFIA classification of liquid glucose follows its immediate starch input, preserving duty-free import benefit and defeating recovery claims.
October 29, 2026   Case Laws Customs
Customs Broker licence restrictions: authorised import clearance and officer-controlled licence debits negated alleged regulatory breaches.
October 29, 2026   Case Laws Customs
Export transaction value remains unreduced by overseas agency commission; excess commission reduces eligible export incentives only.

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Income Tax

Penalty under section 271(1)(c) is not leviable on an alleged...

Concealment penalty on estimated bogus-purchase additions is unsustainable where the disallowance rests solely on an ad hoc basis.

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Income Tax October 29, 2026 Case Laws AT
Penalty under section 271(1)(c) is not leviable on an alleged bogus-purchase addition that survives only as an ad hoc or estimated disallowance. The disallowance was restricted in appeal to an estimated percentage of the purchases. Following the coordinate-bench approach on estimated additions, the penalty was deleted and the assessee's appeal was allowed. An estimated disallowance for alleged bogus purchases, by itself, did not sustain the imposed penalty.
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