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    July 23, 2026   Case Laws Income Tax
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July 23, 2026   Case Laws Income Tax
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years.
July 23, 2026   Case Laws Income Tax
Redeveloped flat holding period follows original ownership rights, supporting long-term capital gains, indexed cost and residential-house exemption.
July 23, 2026   Case Laws Income Tax
Dependent agent permanent establishment attribution was deleted, while unexamined refund interest required fresh consideration after adequate hearing.
July 23, 2026   Case Laws Income Tax
Profit embedded in unaccounted business receipts was taxed at a 1% gross-profit rate; unsupported salary and asset additions failed.
July 23, 2026   Case Laws Income Tax
Effective opportunity to explain foreign bank credits required remand for fresh appellate consideration with supporting evidence.
July 23, 2026   Case Laws Income Tax
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded.
July 23, 2026   Case Laws Income Tax
Related-party interest deductions require excess over fair market value, while unsupported software and brokerage claims remain disallowable.
July 23, 2026   Case Laws Income Tax
Scope of reassessment restricts unrelated additions when the recorded escapement issue is accepted without any addition.
July 23, 2026   Case Laws Income Tax
Capital-gains exemption for under-construction flats remains available despite developer delay and may be admitted despite return-form omission.
July 23, 2026   Case Laws Income Tax
Holding period of flat allotment rights runs from reservation, supporting long-term capital gain and indexation on surrender.
July 23, 2026   Case Laws Income Tax
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act additions.
July 23, 2026   Case Laws Income Tax
Bona fide property-sale receipts supported by records may avoid cash-transaction penalties where genuineness and identity are established.
July 23, 2026   Case Laws Income Tax
Satisfactory source evidence for foreign assets prevents their treatment as undisclosed assets and removes consequential Black Money Act penalty.
July 23, 2026   Case Laws Customs
Customs exemption for EOU manufacturing inputs survives excess waste when authorised clearance occurs on payment of applicable duty.
July 23, 2026   Case Laws Customs
Intentional aid is essential for abetment; a Customs House Agent employee need not verify customs-sealed container contents.
July 23, 2026   Case Laws Customs
Bill of entry amendment remains available where loss evidence predates final clearance for home consumption after provisional assessment.
July 23, 2026   Case Laws Customs
Provisional release security was moderated for non-IPR garments, with full bond retained pending provisional assessment.
July 23, 2026   Case Laws Customs
Blood glucose monitoring systems fall under chemical analysis instruments, displacing classification as general medical and surgical instruments.
July 23, 2026   Case Laws FEMA
Discretionary confiscation under FEMA requires a reasoned factual exercise and is not automatic alongside monetary penalties.
July 23, 2026   Case Laws Money Laundering
Distinct money-laundering offence permits PMLA prosecution after predicate-offence conviction; double jeopardy does not apply.

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Income Tax

Addition on account of fall in GP - The AO has not invoked...

AO's Failure to Invoke Section 145(3) Invalidates Use of Decreased Gross Profit Rate for Application.

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Income Tax October 14, 2014 Case Laws AT
Addition on account of fall in GP - The AO has not invoked section 145(3) in its terms - Therefore, fall in G.P. rate cannot be made a reason for involving section 145(3) - AT
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Acts Income Tax
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