Principal purpose test curbs treaty shopping under the amended India-Sri Lanka income tax treaty from fiscal year 2027-28.

Tax exemption for statutory pollution-control income applies subject to non-commercial operations, filing, continuity, and compliance.

Standing instructions for demat mutual fund SWP and STP will enable phased unit-based and amount-based automated transactions.

Typographical e-way bill discrepancies without tax evasion warrant only minor penalty, not detention proceedings under Section 129.

Show cause notice and hearing are mandatory before penalty, making an unnotified penalty unsustainable for natural justice breach.

Duplicate input tax credit demands cannot target identical supplier transactions, while proceedings concerning distinct suppliers remain available.

Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...

Specific grounds in GST cancellation notices are essential; cancellation based on an unnotified ground was quashed and registration restored.

Statutory appellate remedy for GST registration cancellation limits writ jurisdiction despite an unconsidered revocation representation.

Extended input tax credit timelines protect delayed returns filed before the statutory cut-off, subject to documentary eligibility.

Occupancy Certificate determines project completion, preserving GST credit benefit restitution for identifiable homebuyers while barring retrospective...

Genuine hardship in revised-return delays requires pragmatic consideration where consistent relief exists for similarly placed voluntary retirement re...

Unexplained investment requires reliable evidence; telescoping fails without timing linkage, while fixed-deposit additions exclude maturity accretions...

Minimum alternate tax does not apply to statutory bodies outside the Companies Act, leaving book-profit disallowance challenge unsustainable.

Reassessment based on inapplicable share-transaction information fails when disclosed intraday profit does not match the recorded reopening reasons.

Surplus interest-free funds rebut interest disallowance, while section 14A computations cannot alone increase minimum alternate tax book profit.

Electronic filing delay in charitable trust audit reporting warranted condonation where genuine hardship arose from clerical omission.

Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...

Unverifiable purchases warrant only embedded-profit estimation when accepted sales and records show actual goods were procured.

Reasonable cause for journal-entry loan transfers can protect genuine restructuring transactions from penalties for prescribed loan acceptance modes.