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    October 10, 2026   Case Laws Income Tax
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    October 10, 2026   Case Laws Income Tax
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    Interest-free own funds negate advance disallowance; share-premium credits require investor-wise verification under the applicable statutory framework...
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    Limited-scrutiny assessments restrict tax inquiries, preventing revision for unexamined issues beyond the selected verification scope unless formally ...
    October 10, 2026   Case Laws Income Tax
    Business loan waiver qualifies as a revenue loss when the advance is integral to ordinary business activity.
    October 10, 2026   Case Laws Income Tax
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    October 10, 2026   Case Laws Benami Property
    Benami procedural amendments apply retrospectively, while enhanced penalties remain prospective and voluntary statements can establish beneficial owne...
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    October 10, 2026   Case Laws Customs
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    October 10, 2026   Case Laws Customs
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    October 10, 2026   Case Laws Customs
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    October 10, 2026   Case Laws Companies Law
    Disputed shareholder buy-out valuation prompts interim stay, while minority board representation directions remain temporarily preserved.
    October 10, 2026   Case Laws Companies Law
    Individual standing in representative company proceedings fails where class remedies exist, and concluded hearings cannot be reopened unilaterally.
    October 10, 2026   Case Laws SEBI
    Former director liability for investor refunds survives resignation when recovery implements final directions affirmed on appeal.
    October 10, 2026   Case Laws SEBI
    Inspection rights cover relied-upon regulatory records, not unrestricted access to confidential bank portal and electronic data.
    October 10, 2026   Case Laws IBC
    IBC clean slate permits defensive set-off but preserves debtor claims and excludes CIRP moratorium from arbitral limitation.
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October 10, 2026   Case Laws Income Tax
Kachha Arhatia turnover excludes principals' agency sales; mechanical GST comparisons cannot support book rejection or arbitrary profit estimation.
October 10, 2026   Case Laws Income Tax
Reasonable cause defence in delayed financial transaction statements requires merits examination before penalty is sustained.
October 10, 2026   Case Laws Income Tax
Exempt-income expenditure disallowance remains capped at exempt income, preventing further adjustment where voluntary disallowance already matches it.
October 10, 2026   Case Laws Income Tax
Interest deduction on overdrafts requires a proven direct nexus with fixed-deposit income, failing which the claim is disallowed.
October 10, 2026   Case Laws Income Tax
Clubbing of income from gifted property failed where the claim surfaced after reassessment limitation, sustaining capital-gains assessment in spouse's hands.
October 10, 2026   Case Laws Income Tax
Employee stock-option discount qualifies as revenue expenditure, while royalty and service comparables require reliable functional and transactional benchmarking.
October 10, 2026   Case Laws Income Tax
Interest-free own funds negate advance disallowance; share-premium credits require investor-wise verification under the applicable statutory framework.
October 10, 2026   Case Laws Income Tax
Limited-scrutiny assessments restrict tax inquiries, preventing revision for unexamined issues beyond the selected verification scope unless formally converted.
October 10, 2026   Case Laws Income Tax
Business loan waiver qualifies as a revenue loss when the advance is integral to ordinary business activity.
October 10, 2026   Case Laws Income Tax
Special insurance income computation preserves statutory deductions while limiting transfer-pricing, withholding and disallowance adjustments for general insurers.
October 10, 2026   Case Laws Benami Property
Benami procedural amendments apply retrospectively, while enhanced penalties remain prospective and voluntary statements can establish beneficial ownership.
October 10, 2026   Case Laws Customs
Reasonable belief in gold seizures limits confiscation where foreign origin, illicit importation, and conscious involvement remain unproved.
October 10, 2026   Case Laws Customs
Re-import duty exemption requires re-export of the same repaired goods, not substitution with newly manufactured exports.
October 10, 2026   Case Laws Customs
Pre-amendment IGST interest: payments without statutory authority are deposits, placing their refund outside the duty-refund limitation period.
October 10, 2026   Case Laws Customs
Undisposed extension applications under project-import rules may preserve nil-duty eligibility when finalisation documents precede departmental notices.
October 10, 2026   Case Laws Companies Law
Disputed shareholder buy-out valuation prompts interim stay, while minority board representation directions remain temporarily preserved.
October 10, 2026   Case Laws Companies Law
Individual standing in representative company proceedings fails where class remedies exist, and concluded hearings cannot be reopened unilaterally.
October 10, 2026   Case Laws SEBI
Former director liability for investor refunds survives resignation when recovery implements final directions affirmed on appeal.
October 10, 2026   Case Laws SEBI
Inspection rights cover relied-upon regulatory records, not unrestricted access to confidential bank portal and electronic data.
October 10, 2026   Case Laws IBC
IBC clean slate permits defensive set-off but preserves debtor claims and excludes CIRP moratorium from arbitral limitation.

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Income Tax

Accrual of interest - assessee has not received any amount till...

No Income Tax Addition on Notional Income Until Amount is Received by Assessee; Future Taxation Possible.

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Income Tax December 18, 2013 Case Laws HC
Accrual of interest - assessee has not received any amount till date. - No benefit has been received, so no addition can be made on the notional income. However, the department is always at liberty to charge tax as and when the amount will be received by the assessee - HC
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