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    August 21, 2026   Case Laws GST
    Excess ITC reversal through DRC-03 remains valid despite blank reasons column, while interest and penalty waiver may apply.
    August 21, 2026   Case Laws Income Tax
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    August 21, 2026   Case Laws Income Tax
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August 21, 2026   Case Laws GST
Excess ITC reversal through DRC-03 remains valid despite blank reasons column, while interest and penalty waiver may apply.
August 21, 2026   Case Laws Income Tax
Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevails.
August 21, 2026   Case Laws Income Tax
Non-resident share premium remains capital receipt; reassessment cannot shift from alleged share sale to uncommunicated genuineness objections.
August 21, 2026   Case Laws Income Tax
Section 54 residential-house investment fulfilled the substantive exemption condition despite non-deposit under the Capital Gains Account Scheme.
August 21, 2026   Case Laws Income Tax
Consequential assessment orders allowing verified purchases bind the Department, making challenges to purchase disallowances infructuous after remand.
August 21, 2026   Case Laws Income Tax
Debatable PF/ESI contribution claims cannot face summary adjustment; exempt-income disallowance is limited to income-yielding investments.
August 21, 2026   Case Laws Income Tax
Rejection of audited books requires specific accounting defects; fixed-rate profit estimation on pass-through reimbursements was rejected.
August 21, 2026   Case Laws Income Tax
Transferred TDS credit after amalgamation carries full refund interest where income is assessed in the amalgamated entity's hands.
August 21, 2026   Case Laws Income Tax
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered summons.
August 21, 2026   Case Laws Income Tax
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarified
August 21, 2026   Case Laws Income Tax
Leave fare concession TDS during judicial restraint does not trigger employer default consequences for foreign-leg travel payments.
August 21, 2026   Case Laws Income Tax
Treaty exemption for foreign salary requires residency and tax-payment verification before relief is granted on merits.
August 21, 2026   Case Laws Income Tax
Misreporting penalty requires a specific statutory charge; adopting one of divergent legal views cannot itself constitute misreporting.
August 21, 2026   Case Laws Income Tax
Reassessment on specific investigation information survives, but documented unsecured loans cannot be rejected without contrary evidence.
August 21, 2026   Case Laws Income Tax
Unexplained bank credits require credit-wise verification; GST turnover differences alone cannot support additions or arbitrary profit estimates.
August 21, 2026   Case Laws Income Tax
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation approval.
August 21, 2026   Case Laws Income Tax
Copyrighted database subscriptions are not royalty when users receive only personal access without reproduction or commercial exploitation rights.
August 21, 2026   Case Laws Income Tax
Gross profit estimation on accommodation entries fails where recorded transaction profit is taxed and books remain unrejected.
August 21, 2026   Case Laws Income Tax
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjustment.
August 21, 2026   Case Laws Income Tax
Compulsorily convertible debentures remain debt until conversion, requiring fresh interest benchmarking; qualifying written-off trade debts remain deductible.

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Customs

Rejection of declared value - The price of the two commodities,...

Declared Value Rejected Due to Significant Price Difference; Direct Comparison of Commodities Not Valid per PLATT Price.

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Customs September 30, 2016 Case Laws AT
Rejection of declared value - The price of the two commodities, which is significantly different, cannot be compared in this manner. Only if ABS is imported at a price significantly different from the PLATT price then the question on the declared value can be raised on the basis of PLATT price. - AT
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Acts Income Tax
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