Section 54 exemption covers a multi-floor home acquired as one property, while unsupported land valuation rejection requires recomputation.

Joint development agreements trigger capital gains on development possession, while multiple allotted flats may receive residential exemption.

Bona fide Form 26QB PAN errors require verification and manual TDS credit rectification; factually flawed reassessment notices fail.

Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...

Unsupported cost estimation fails, while timely residential-property investment preserves section 54F relief despite procedural deposit non-compliance...

Bona fide excessive donation exemption claims with full disclosure do not justify penalty for under-reporting or misreporting income.

Joint development agreement taxability requires factual scrutiny of revenue accrual, possession, refundable deposits, and stock-in-trade character.

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...