Excess ITC reversal through DRC-03 remains valid despite blank reasons column, while interest and penalty waiver may apply.

Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...

Non-resident share premium remains capital receipt; reassessment cannot shift from alleged share sale to uncommunicated genuineness objections.

Section 54 residential-house investment fulfilled the substantive exemption condition despite non-deposit under the Capital Gains Account Scheme.

Consequential assessment orders allowing verified purchases bind the Department, making challenges to purchase disallowances infructuous after remand.

Debatable PF/ESI contribution claims cannot face summary adjustment; exempt-income disallowance is limited to income-yielding investments.

Rejection of audited books requires specific accounting defects; fixed-rate profit estimation on pass-through reimbursements was rejected.

Transferred TDS credit after amalgamation carries full refund interest where income is assessed in the amalgamated entity's hands.

Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...

Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...

Leave fare concession TDS during judicial restraint does not trigger employer default consequences for foreign-leg travel payments.

Treaty exemption for foreign salary requires residency and tax-payment verification before relief is granted on merits.

Misreporting penalty requires a specific statutory charge; adopting one of divergent legal views cannot itself constitute misreporting.

Reassessment on specific investigation information survives, but documented unsecured loans cannot be rejected without contrary evidence.

Unexplained bank credits require credit-wise verification; GST turnover differences alone cannot support additions or arbitrary profit estimates.

Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...

Copyrighted database subscriptions are not royalty when users receive only personal access without reproduction or commercial exploitation rights.

Gross profit estimation on accommodation entries fails where recorded transaction profit is taxed and books remain unrejected.

AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...

Compulsorily convertible debentures remain debt until conversion, requiring fresh interest benchmarking; qualifying written-off trade debts remain ded...