CBDT circulars cannot override a possible view when concessionaire rights qualify as depreciable intangible assets.

Substantial Government financing under section 10(23C)(iiiab) must be tested on current-year grants under Rule 2BBB.

ERS/VRS compensation not taxable as profits in lieu of salary where payment was ex gratia on cessation of employment.

Accrued interest under mercantile accounting taxed in the accrual year; reopening upheld on tangible material, not change of opinion.

Third-party seized material needs corroboration; JDA-linked receipts cannot be taxed as income from other sources without transfer analysis.

Tied-up government grant excluded from accumulation base for charitable trust exemption under section 11(1)(a)

Unsigned penalty notice invalid where statutory signature requirement is mandatory and jurisdictional defect cannot be cured.

Agricultural income exemption and unexplained investment issues remanded after failure to consider evidence and confront adverse material.

SaaS product analytics receipts not taxable as royalty or FTS/FIS; ITAT deleted the addition and remitted TDS credit verification.

Finality of SIT findings limits reopening, while prospective CITES import compliance directions strengthen future due diligence.

Prospective operation of import restrictions: e-Gazette publication time controls, so pre-publication consignments remain under the earlier policy.

Customs exemption upheld where substantive use condition was met despite failure to follow IGCR procedures.

Circumstantial evidence in smuggling upheld penalty for misdeclared Ketamine export, but redemption fine was quashed.

Customs Broker licensing procedure: delayed show cause notice beyond the prescribed period vitiated the penalty order.

Customs Broker due diligence protects against penalty where exporter's misdeclaration was not known or colluded in.

Resolution applicant eligibility: NPA-based disqualification is tested on plan submission date, and connected-person bar fails derivatively.

Grievance and complaint handling rules updated under insolvency law, with revised definitions and board-notified complaint format.

SEZ notification for Thattanchavady land also constitutes Approval Committee and deems the zone an Inland Container Depot

Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...

Truthful disclosure for bank guarantee exemption is mandatory for authorisation holders and customs brokers under customs compliance rules.