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    July 7, 2026   Case Laws Income Tax
    Retrospective Section 147A reshapes reassessment notice challenges; matter remitted and amended provision challenge left open.
    July 7, 2026   Case Laws Income Tax
    Recorded reasons must support reassessment; new grounds cannot justify reopening after objections, notice quashed for want of basis.
    July 7, 2026   Case Laws Income Tax
    Criminal prosecution pending tax proceedings: applications restored for fresh consideration after substantive appeal was decided.
    July 7, 2026   Case Laws Income Tax
    Incidental interest on unspent grant funds does not defeat Government financing exemption for an educational institution
    July 7, 2026   Case Laws Income Tax
    Partial denial of charitable exemption applies only to diverted income; accrual-based capital expenditure qualified as application.
    July 7, 2026   Case Laws Income Tax
    Separate corporate personality defeated section 69A addition where ownership of foreign company funds was unproved
    July 7, 2026   Case Laws Income Tax
    Reassessment beyond four years invalid absent recorded failure to disclose material facts; notice and reassessment quashed.
    July 7, 2026   Case Laws Income Tax
    Bad debt deduction for NSEL commodity dues allowed, with alternative treatment as business loss on write-off.
    July 7, 2026   Case Laws Income Tax
    TDS credit follows non-taxable consultancy income under DTAA when corresponding income is accepted as nil-return income.
    July 7, 2026   Case Laws Income Tax
    Procedural lapse in filing Form 10DA cannot defeat additional employment deduction when the report was already on record before intimation.
    July 7, 2026   Case Laws Income Tax
    Foreign tax credit cannot be denied for belated Form 67 filing when the substantive claim is otherwise valid.
    July 7, 2026   Case Laws Income Tax
    Condonation of delay for pursuing rectification kept appeal alive and sent dispute back for merits
    July 7, 2026   Case Laws Income Tax
    DRP directions bind final assessment orders; non-conformity with the draft-and-direction procedure can invalidate the assessment.
    July 7, 2026   Case Laws Income Tax
    Reassessment limitation under section 149 bars revival of time-barred notice, and reassessment is quashed for lack of jurisdiction
    July 7, 2026   Case Laws Income Tax
    Clubbing of capital gains preserves corresponding exemption where the income follows a spouse's residential investment.
    July 7, 2026   Case Laws Income Tax
    Businessman's perspective governs managerial remuneration; rupee debenture interest benchmarks to Prime Lending Rate for arm's length testing.
    July 7, 2026   Case Laws Income Tax
    Extinguishment of development rights in entire land allows indexed cost on the whole bundle of rights, not merely proportionate area.
    July 7, 2026   Case Laws Income Tax
    Unexplained investment and stamp duty differential additions deleted after bank trail and valuation evidence supported flat purchase price
    July 7, 2026   Case Laws Income Tax
    Percentage of Completion Method demands detailed verification of revised project costs, TDR allocation, and GST impact before revenue recognition.
    July 7, 2026   Case Laws Customs
    Refund limitation and unjust enrichment in customs refunds: earlier application date and double payment proof required.
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July 7, 2026   Case Laws Income Tax
Retrospective Section 147A reshapes reassessment notice challenges; matter remitted and amended provision challenge left open.
July 7, 2026   Case Laws Income Tax
Recorded reasons must support reassessment; new grounds cannot justify reopening after objections, notice quashed for want of basis.
July 7, 2026   Case Laws Income Tax
Criminal prosecution pending tax proceedings: applications restored for fresh consideration after substantive appeal was decided.
July 7, 2026   Case Laws Income Tax
Incidental interest on unspent grant funds does not defeat Government financing exemption for an educational institution
July 7, 2026   Case Laws Income Tax
Partial denial of charitable exemption applies only to diverted income; accrual-based capital expenditure qualified as application.
July 7, 2026   Case Laws Income Tax
Separate corporate personality defeated section 69A addition where ownership of foreign company funds was unproved
July 7, 2026   Case Laws Income Tax
Reassessment beyond four years invalid absent recorded failure to disclose material facts; notice and reassessment quashed.
July 7, 2026   Case Laws Income Tax
Bad debt deduction for NSEL commodity dues allowed, with alternative treatment as business loss on write-off.
July 7, 2026   Case Laws Income Tax
TDS credit follows non-taxable consultancy income under DTAA when corresponding income is accepted as nil-return income.
July 7, 2026   Case Laws Income Tax
Procedural lapse in filing Form 10DA cannot defeat additional employment deduction when the report was already on record before intimation.
July 7, 2026   Case Laws Income Tax
Foreign tax credit cannot be denied for belated Form 67 filing when the substantive claim is otherwise valid.
July 7, 2026   Case Laws Income Tax
Condonation of delay for pursuing rectification kept appeal alive and sent dispute back for merits
July 7, 2026   Case Laws Income Tax
DRP directions bind final assessment orders; non-conformity with the draft-and-direction procedure can invalidate the assessment.
July 7, 2026   Case Laws Income Tax
Reassessment limitation under section 149 bars revival of time-barred notice, and reassessment is quashed for lack of jurisdiction
July 7, 2026   Case Laws Income Tax
Clubbing of capital gains preserves corresponding exemption where the income follows a spouse's residential investment.
July 7, 2026   Case Laws Income Tax
Businessman's perspective governs managerial remuneration; rupee debenture interest benchmarks to Prime Lending Rate for arm's length testing.
July 7, 2026   Case Laws Income Tax
Extinguishment of development rights in entire land allows indexed cost on the whole bundle of rights, not merely proportionate area.
July 7, 2026   Case Laws Income Tax
Unexplained investment and stamp duty differential additions deleted after bank trail and valuation evidence supported flat purchase price
July 7, 2026   Case Laws Income Tax
Percentage of Completion Method demands detailed verification of revised project costs, TDR allocation, and GST impact before revenue recognition.
July 7, 2026   Case Laws Customs
Refund limitation and unjust enrichment in customs refunds: earlier application date and double payment proof required.

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Income Tax

Exemption u/s 11 of the Act is to be granted when income is...

Income Tax Act Section 11 Exemption Applies if Income is Taxed u/s 68.

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Income Tax April 25, 2016 Case Laws AT
Exemption u/s 11 of the Act is to be granted when income is brought to tax u/s 68 - AT
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Acts Income Tax
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