Input tax credit pass-through in ongoing housing projects covers all eligible buyers, with recipient-specific refunds and interest payable.

Prospective pre-deposit requirement cannot restrict admission of penalty-only GST appeals arising before the proviso took effect.

Co-operative investment income and balance additional depreciation claims succeeded, with milk cans recognised as eligible plant and machinery.

Bogus purchase disallowance limited to embedded profit where sales and books remain accepted; reassessment procedure upheld.

Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...

Sole testamentary trusts fall outside maximum marginal rate taxation despite assessment as an association of persons.

TDS on agricultural land transfers cannot arise through enhanced PAN-based rates where the primary deduction provision is inapplicable.

Diamond grading reports do not make available technical know-how, so non-resident certification payments may fall outside withholding tax.

Goodwill from slump sales remains depreciable where newly created, while non-compete fees cannot support depreciation claims.

Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...

Documented funding sources and pending valuation reference defeat unexplained investment and stamp-duty differential additions for property purchases.

Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...

Carry-forward of losses remains available to educational trusts assessed as Associations of Persons despite absent charitable registration.

Unexercised stock option repurchase constitutes transfer of a capital asset and is taxable as long-term capital gains.

Permanent establishment taxation addresses head-office interest, arm's length guarantees, capital hedges, refund interest, and treaty tax ceilings.

Satellite transponder services are not royalty where customers receive communications without rights to use equipment or processes.

Competent authority approval after three years is jurisdictional; reassessment based on invalid sanction is void from inception.

Customs valuation and anti-dumping duty disputes must be appealed to the Supreme Court, not the High Court.

Customs Broker due diligence requires evidence of knowledge or collusion before liability for an importer's misdeclaration arises.

Misdeclaration of imported goods requires supporting evidence, while redemption fine depends on market price and profit margin determination.