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    June 29, 2026   Case Laws Income Tax
    Reliable comparables and APA benchmarking in transfer pricing: unreliable accounts justified exclusion, and support-service adjustment was deleted.
    June 29, 2026   Case Laws Income Tax
    Preference share subscription cannot be recharacterised as loan absent sham, and own-funds presumption defeats interest disallowance
    June 29, 2026   Case Laws Customs
    Reasonable belief for customs seizure of gold requires objective material, corroboration, and admissible evidence of foreign origin.
    June 29, 2026   Case Laws Customs
    Transaction value rejection and sequential customs valuation: arbitrary Rule 8 loading and most penalties were set aside
    June 29, 2026   Case Laws Customs
    Related-party import valuation: transaction value may be rejected on reasonable doubt, but residual valuation must follow sequential rules.
    June 29, 2026   Case Laws Customs
    VRF air-conditioning units classified as parts of air conditioners where essential installation components were missing.
    June 29, 2026   Case Laws Companies Law
    Subrogation in liquidation limits a guarantor's claim to debts actually discharged, while an assignee bank retains secured status.
    June 29, 2026   Case Laws Companies Law
    Pleading read as a whole defeats limitation and jurisdiction objections in an inheritance-linked share dispute at threshold
    June 29, 2026   Case Laws IBC
    IBC versus Electricity Act in CIRP admission of a distribution licensee stays unresolved after divergent interim views
    June 29, 2026   Case Laws Central Excise
    Exemption notification interpretation defeats penalty where no intent to evade duty is shown for 100% EOU clearances.
    June 27, 2026   Case Laws GST
    Statutory GST tribunal remedy preserved limitation relief and interim protection after bona fide writ prosecution
    June 27, 2026   Case Laws GST
    Opportunity of hearing in GST assessment: order set aside and remanded after no detailed reply or supporting documents were filed
    June 27, 2026   Case Laws GST
    Estoppel in writ proceedings bars a taxpayer from disputing Section 74 findings after unchallenged payment and admissions.
    June 27, 2026   Case Laws GST
    Charitable activity exemptions and government-funded training relief granted, while incomplete factual claims were not answered.
    June 27, 2026   Case Laws Income Tax
    Survey-disclosed business income remains eligible for partners' remuneration deduction once treated as final business income.
    June 27, 2026   Case Laws Income Tax
    Deemed dividend does not apply to loans advanced in the ordinary course of a company's substantial money-lending business.
    June 27, 2026   Case Laws Income Tax
    Fresh deduction claims can be examined in appeal when supporting material is already on record, even without a revised return.
    June 27, 2026   Case Laws Income Tax
    Recorded sales defeat separate profit addition on alleged bogus purchases when no suppression of sales is shown.
    June 27, 2026   Case Laws Income Tax
    Section 68 addition deleted where unsecured loan was repaid through banking channels and recorded in books.
    June 27, 2026   Case Laws Income Tax
    Condonation of delay in tax appeal fails where knowledge of demand and unexplained lateness are established
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June 29, 2026   Case Laws Income Tax
Reliable comparables and APA benchmarking in transfer pricing: unreliable accounts justified exclusion, and support-service adjustment was deleted.
June 29, 2026   Case Laws Income Tax
Preference share subscription cannot be recharacterised as loan absent sham, and own-funds presumption defeats interest disallowance
June 29, 2026   Case Laws Customs
Reasonable belief for customs seizure of gold requires objective material, corroboration, and admissible evidence of foreign origin.
June 29, 2026   Case Laws Customs
Transaction value rejection and sequential customs valuation: arbitrary Rule 8 loading and most penalties were set aside
June 29, 2026   Case Laws Customs
Related-party import valuation: transaction value may be rejected on reasonable doubt, but residual valuation must follow sequential rules.
June 29, 2026   Case Laws Customs
VRF air-conditioning units classified as parts of air conditioners where essential installation components were missing.
June 29, 2026   Case Laws Companies Law
Subrogation in liquidation limits a guarantor's claim to debts actually discharged, while an assignee bank retains secured status.
June 29, 2026   Case Laws Companies Law
Pleading read as a whole defeats limitation and jurisdiction objections in an inheritance-linked share dispute at threshold
June 29, 2026   Case Laws IBC
IBC versus Electricity Act in CIRP admission of a distribution licensee stays unresolved after divergent interim views
June 29, 2026   Case Laws Central Excise
Exemption notification interpretation defeats penalty where no intent to evade duty is shown for 100% EOU clearances.
June 27, 2026   Case Laws GST
Statutory GST tribunal remedy preserved limitation relief and interim protection after bona fide writ prosecution
June 27, 2026   Case Laws GST
Opportunity of hearing in GST assessment: order set aside and remanded after no detailed reply or supporting documents were filed
June 27, 2026   Case Laws GST
Estoppel in writ proceedings bars a taxpayer from disputing Section 74 findings after unchallenged payment and admissions.
June 27, 2026   Case Laws GST
Charitable activity exemptions and government-funded training relief granted, while incomplete factual claims were not answered.
June 27, 2026   Case Laws Income Tax
Survey-disclosed business income remains eligible for partners' remuneration deduction once treated as final business income.
June 27, 2026   Case Laws Income Tax
Deemed dividend does not apply to loans advanced in the ordinary course of a company's substantial money-lending business.
June 27, 2026   Case Laws Income Tax
Fresh deduction claims can be examined in appeal when supporting material is already on record, even without a revised return.
June 27, 2026   Case Laws Income Tax
Recorded sales defeat separate profit addition on alleged bogus purchases when no suppression of sales is shown.
June 27, 2026   Case Laws Income Tax
Section 68 addition deleted where unsecured loan was repaid through banking channels and recorded in books.
June 27, 2026   Case Laws Income Tax
Condonation of delay in tax appeal fails where knowledge of demand and unexplained lateness are established

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Income Tax

Addition on gifts received - the gift being transferred “in k...

Gifts in kind exempt from taxation this year, backed by case law and current income tax regulations.

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Income Tax May 6, 2016 Case Laws AT
Addition on gifts received - the gift being transferred “in kind” hence not to be taxed for the year under consideration - AT
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Acts Income Tax
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