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    September 11, 2026   Case Laws Income Tax
    Project-completion accounting cannot be rejected without accounting defects or evidence of undisclosed flat-sale consideration.
    September 11, 2026   Case Laws Income Tax
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    September 11, 2026   Case Laws Income Tax
    Misreporting-based tax penalty excludes bona fide explanation protection where inadmissible deductions caused under-reporting of income.
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    Estimated cash-deposit additions alone cannot establish concealment for penalty, resulting in deletion of the levy.
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    TNMM aggregation prevents separate benchmarking of inseparable IT support costs, while debt-free receivables and research deductions receive relief.
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September 11, 2026   Case Laws Income Tax
Project-completion accounting cannot be rejected without accounting defects or evidence of undisclosed flat-sale consideration.
September 11, 2026   Case Laws Income Tax
Binding jurisdictional precedent limits return-processing disallowances and supports rectification for mistakes apparent from the record.
September 11, 2026   Case Laws Income Tax
Misreporting-based tax penalty excludes bona fide explanation protection where inadmissible deductions caused under-reporting of income.
September 11, 2026   Case Laws Income Tax
Estimated cash-deposit additions alone cannot establish concealment for penalty, resulting in deletion of the levy.
September 11, 2026   Case Laws Income Tax
TNMM aggregation prevents separate benchmarking of inseparable IT support costs, while debt-free receivables and research deductions receive relief.
September 11, 2026   Case Laws Income Tax
Transactional Net Margin Method prevents separate nil pricing of closely linked selling commission already included in segmental operating costs.
September 11, 2026   Case Laws Income Tax
Third-party seized records require corroboration, while Rule 8D cannot increase minimum alternate tax book profit.
September 11, 2026   Case Laws Customs
Unauthorised gold import restrictions classify goods as prohibited, attracting the enhanced customs penalty regime despite citation defects.
September 11, 2026   Case Laws Customs
Target Plus Scheme broad nexus allows grouped input linkage, while absent intent defeats extended customs limitation and penalties.
September 11, 2026   Case Laws Customs
Conditional aircraft duty exemptions fail when commercial charter operations lack required regulatory authorisation, triggering confiscation, duty recovery and penalties.
September 11, 2026   Case Laws Customs
Statutory penalty ceiling under cargo handling regulations restricts sanctions to the prescribed maximum for customs-area cargo operators.
September 11, 2026   Case Laws Customs
Prospective import-policy amendments cannot impose new Actual User registration conditions on earlier warehoused newsprint imports.
September 11, 2026   Case Laws Customs
Social Welfare Surcharge exemption follows when imported PET coke receives basic customs duty exemption through MEIS duty credit scrips.
September 11, 2026   Case Laws IBC
Without-prejudice insolvency deposits cannot replace adjudication of debt, default, and maintainability in Section 7 proceedings.
September 11, 2026   Case Laws IBC
Resolution applicant death does not automatically justify liquidation; viable plan implementation and pending CIRP withdrawal require consideration.
September 11, 2026   Case Laws IBC
Clean slate protection in liquidation preserves Section 32A immunity, while statutory waivers require recourse to relevant authorities.
September 11, 2026   Case Laws FEMA
Equivalent-asset seizure under FEMA covers continuing undisclosed foreign exchange holdings despite retrospective-application and residential-status objections.
September 11, 2026   Case Laws Money Laundering
Equivalent-value attachment survives prior release and environmental compensation where deposits may represent proceeds from alleged illegal mining activities.
September 11, 2026   Case Laws Money Laundering
Provisional attachment of alleged crime proceeds continues where inflated share-sale gains may reflect layered bribe funds.
September 11, 2026   Case Laws Indian Laws
Leasehold land transfers for approved SEZ units qualify for fiscal incentives despite execution before implementing legislation.

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Unexplained credit u/s 68 - peak credit theory - CIT(A) has...

Taxpayer's Claim to Apply Peak Credit Theory for Unexplained Credits Dismissed u/s 68 by IT Commissioner.

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Income Tax August 10, 2016 Case Laws AT
Unexplained credit u/s 68 - peak credit theory - CIT(A) has rightly rejected the claim of the assessee of adopting peak theory for considering unexplained credit - AT
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