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    August 13, 2026   Case Laws Benami Property
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August 13, 2026   Case Laws Benami Property
Future benefit in benami transactions need not exist at provisional attachment, supporting confirmation where funds trace to beneficial owner.
August 13, 2026   Case Laws Customs
Tariff classification of diagnostic laser imagers follows the residuary accessory heading where equipment serves machines under different headings.
August 13, 2026   Case Laws Customs
Provisional customs clearance requires full duty bond and partial bank guarantee while appellate issues await final determination.
August 13, 2026   Case Laws Customs
Customs Broker authority cannot substitute importer consent, invalidating assessment and penalties where misdeclaration lacks evidentiary support.
August 13, 2026   Case Laws Customs
Penalty for duty-free jewellery shortages fails without proof of intentional diversion, reliable statements, or separate liability for proprietors.
August 13, 2026   Case Laws Customs
Limitation for customs appeals permits exclusion of time before a wrong forum and validates timely electronic filing.
August 13, 2026   Case Laws Customs
Transaction value of imported brass scrap cannot be rejected on visual inspection without contemporaneous identical-import evidence.
August 13, 2026   Case Laws Customs
Fraudulent duty-free diversion defeats advance-licence exemption, enables extended recovery, and supports penalties for firms and active partners.
August 13, 2026   Case Laws Companies Law
Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed invoices.
August 13, 2026   Case Laws SEBI
Insider trading presumption applies when persons possessing UPSI trade, with disgorgement available for losses averted through the contravention.
August 13, 2026   Case Laws IBC
Limitation for EPC operational debt runs from each payment default, preventing insolvency proceedings on time-barred claims.
August 13, 2026   Case Laws IBC
Pro rata resolution-plan distribution by admitted claims prevails over individual security interests for dissenting secured financial creditors.
August 13, 2026   Case Laws FEMA
Prima facie FEMA contravention can support equivalent-value property seizure despite overseas accounts and an income-tax settlement.
August 13, 2026   Case Laws Money Laundering
Money-laundering proceedings can survive compromise quashing, while PMLA bail fails where twin conditions and flight-risk concerns remain unmet.
August 13, 2026   Case Laws Money Laundering
Property of equivalent value remains vulnerable to freezing when direct proceeds of crime are unavailable and sources remain unexplained.
August 13, 2026   Case Laws Service Tax
Goods Transport Agency classification accepts bills as consignment notes, while unverified Form 26AS demands and extended limitation fail.
August 13, 2026   Case Laws Service Tax
Copyright exclusion from intellectual property right service prevents pre-2008 taxation of software licence royalties and defeats extended limitation.
August 13, 2026   Case Laws Service Tax
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within normal limitation.
August 13, 2026   Case Laws Service Tax
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine membership attributes.
August 13, 2026   Case Laws Service Tax
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolution.

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Income Tax

Exemption claim was wrongly denied by invoking section 2(15)...

Exemption Denial u/s 2(15) Overturned; Entity Not Engaged in Trade or Commerce Activities.

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Income Tax September 21, 2016 Case Laws AT
Exemption claim was wrongly denied by invoking section 2(15) proviso of the act, since it neither carries out any activity in the nature of trade, commerce business nor any activities or renders any service in relation to the same whilst collecting the impugned cess @ 12 paisa per liter from milk producers in lieu of making them avail the above stated facilitie - AT
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Acts Income Tax
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