Mandatory scrutiny notice by the assessing officer is essential; assessment without it is jurisdictionally invalid and consequential proceedings fail.

Unsecured loan genuineness and sufficient own funds defeated cash-credit additions and interest disallowance on interest-free group advances.

Political donation genuineness requires credible proof beyond banking records when surrounding circumstances indicate possible accommodation entries.

Rectification limitation under section 154 is jurisdictional: delayed applications cannot be entertained without statutory power to condone delay.

Assessee-selected NAV valuation method limits tax scrutiny; share-premium addition cannot rest on alternative valuation or alleged FEMA breaches.

Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...

Voluntary retirement scheme receipts treated as capital where resignation, not employer termination, governed cessation of employment.

Intended use of warehoused capital goods suffices, preventing interest solely because goods were not actually deployed.

Aluminium formwork used as on-site shuttering qualifies as aluminium structures, supporting customs exemption eligibility.

Demurrage charges outside the goods price cannot increase transaction value, while demands must remain within the show cause notice.

Tariff classification of automotive camera components determines integrated-circuit exemption eligibility while excluding vehicle wiring harnesses and...

Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...

Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...

Zero coupon bond status granted to the infrastructure financing bank's ten-year bond, subject to statutory and regulatory conditions.

Tariff rate quota applications open for eligible new completely built vehicles imported under the India-United Kingdom trade agreement.

Low-value export consignments may receive RCMC exemption, easing access to FTP authorisations, benefits and concessions for eligible exporters.

Redemption fine under the Sabka Vishwas Scheme cannot independently disqualify a declaration from eligibility and merits consideration.

Regular bail in alleged fake-invoice tax credit fraud followed secured evidence and absence of prospects for early trial.

Anticipatory bail in alleged fraudulent input tax credit cases requires demonstrated necessity for arrest and custodial interrogation.

Negative blocking of input tax credit under Rule 86A is impermissible where it restricts future ledger credits.