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    April 2, 2026   Case Laws Income Tax
    ESOP deduction under section 37(1) upheld as jurisdictional High Court precedent prevailed despite pending Supreme Court challenge.
    April 2, 2026   Case Laws Income Tax
    Limitation and valid satisfaction note in section 153C proceedings defeated search assessments and a commission addition.
    April 2, 2026   Case Laws Income Tax
    Mechanical approval under section 148B invalidates consequential assessments for want of application of mind
    April 2, 2026   Case Laws Income Tax
    TDS credit follows the year of income assessability, not the deductor's later reporting, with duplicate claim safeguards.
    April 2, 2026   Case Laws Income Tax
    Limitation and reasonable cause defeat penalty on cash receipt for genuine agricultural land sale under section 271D
    April 2, 2026   Case Laws Income Tax
    Voluntary retirement compensation exemption accepted under section 10(10B) after Tribunal followed prior co-ordinate bench precedent.
    April 2, 2026   Case Laws Income Tax
    Business-use property not taxable as house property where records showed active operational use and notional rental valuation failed.
    April 2, 2026   Case Laws Income Tax
    Underwriting commission to a non-resident was not fees for technical services because no technical knowledge was made available.
    April 2, 2026   Case Laws Income Tax
    Arm's length interest on inter-company loans cannot be raised solely for unsecured subsidiary lending where no fresh risk change is shown.
    April 2, 2026   Case Laws Income Tax
    Transfer pricing comparability challenge rejected where Revenue sought first-time exclusion of an accepted comparable before the Tribunal.
    April 2, 2026   Case Laws Income Tax
    Transfer pricing, TDS and revenue expense issues resolved by following earlier rulings in recurring group-company disputes.
    April 2, 2026   Case Laws Income Tax
    Contract expenditure allowed where unrebutted documentary evidence proved subcontract payments and supported the corresponding income claim.
    April 2, 2026   Case Laws Income Tax
    Liberal construction of sufficient cause justifies condonation of inordinate delay where criminal proceedings and jail confinement explained the defau...
    April 2, 2026   Case Laws Income Tax
    Penalty under section 272A(1)(d) deleted after quantum proceedings were restored and the assessee's conduct was considered.
    April 2, 2026   Case Laws Income Tax
    Debatable provident fund adjustment cannot be made under prima facie processing when jurisdictional precedent favours the assessee.
    April 2, 2026   Case Laws Income Tax
    Public-domain data access and marketing support services failed royalty and make-available tests under the India-US DTAA.
    April 2, 2026   Case Laws Income Tax
    Taxability of buy-back interest depends on actual receipt and proof that premium or interest was income in the assessee's hands.
    April 2, 2026   Case Laws Income Tax
    Unexplained investment addition deleted where only third-party material existed and no corroborative evidence linked the assessee to on-money payment.
    April 2, 2026   Case Laws Income Tax
    Jurisdictional sanction for reassessment: invalid section 148 notice without the correct section 151 authority made revision unsustainable.
    April 2, 2026   Case Laws Income Tax
    Telescoping of surplus funds and capital gains computation reduced additions, while section 54 deduction failed for lack of proof.
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April 2, 2026   Case Laws Income Tax
ESOP deduction under section 37(1) upheld as jurisdictional High Court precedent prevailed despite pending Supreme Court challenge.
April 2, 2026   Case Laws Income Tax
Limitation and valid satisfaction note in section 153C proceedings defeated search assessments and a commission addition.
April 2, 2026   Case Laws Income Tax
Mechanical approval under section 148B invalidates consequential assessments for want of application of mind
April 2, 2026   Case Laws Income Tax
TDS credit follows the year of income assessability, not the deductor's later reporting, with duplicate claim safeguards.
April 2, 2026   Case Laws Income Tax
Limitation and reasonable cause defeat penalty on cash receipt for genuine agricultural land sale under section 271D
April 2, 2026   Case Laws Income Tax
Voluntary retirement compensation exemption accepted under section 10(10B) after Tribunal followed prior co-ordinate bench precedent.
April 2, 2026   Case Laws Income Tax
Business-use property not taxable as house property where records showed active operational use and notional rental valuation failed.
April 2, 2026   Case Laws Income Tax
Underwriting commission to a non-resident was not fees for technical services because no technical knowledge was made available.
April 2, 2026   Case Laws Income Tax
Arm's length interest on inter-company loans cannot be raised solely for unsecured subsidiary lending where no fresh risk change is shown.
April 2, 2026   Case Laws Income Tax
Transfer pricing comparability challenge rejected where Revenue sought first-time exclusion of an accepted comparable before the Tribunal.
April 2, 2026   Case Laws Income Tax
Transfer pricing, TDS and revenue expense issues resolved by following earlier rulings in recurring group-company disputes.
April 2, 2026   Case Laws Income Tax
Contract expenditure allowed where unrebutted documentary evidence proved subcontract payments and supported the corresponding income claim.
April 2, 2026   Case Laws Income Tax
Liberal construction of sufficient cause justifies condonation of inordinate delay where criminal proceedings and jail confinement explained the default.
April 2, 2026   Case Laws Income Tax
Penalty under section 272A(1)(d) deleted after quantum proceedings were restored and the assessee's conduct was considered.
April 2, 2026   Case Laws Income Tax
Debatable provident fund adjustment cannot be made under prima facie processing when jurisdictional precedent favours the assessee.
April 2, 2026   Case Laws Income Tax
Public-domain data access and marketing support services failed royalty and make-available tests under the India-US DTAA.
April 2, 2026   Case Laws Income Tax
Taxability of buy-back interest depends on actual receipt and proof that premium or interest was income in the assessee's hands.
April 2, 2026   Case Laws Income Tax
Unexplained investment addition deleted where only third-party material existed and no corroborative evidence linked the assessee to on-money payment.
April 2, 2026   Case Laws Income Tax
Jurisdictional sanction for reassessment: invalid section 148 notice without the correct section 151 authority made revision unsustainable.
April 2, 2026   Case Laws Income Tax
Telescoping of surplus funds and capital gains computation reduced additions, while section 54 deduction failed for lack of proof.

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Income Tax

Disallowance of interest paid to the bank as well as to the...

Interest Deduction Allowed as Authorities Fail to Prove Borrowed Funds Misused for Investments, Lacking Substantial Evidence.

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Income Tax April 30, 2016 Case Laws AT
Disallowance of interest paid to the bank as well as to the other parties - Revenue authorities have failed to bring on record any cogent evidence and material to show that the borrowed funds have been utilized for the purposes of investment and were not used for the business purposes - claim allowed - AT
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Acts Income Tax
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