Representative assessee rules require trust income or loss to be determined first before a beneficiary claims trust losses.
Defective penalty notice and bona fide explanation defeat misreporting penalty for non-claim of deduction under section 270A.
Section 68 unsecured loan disputes: identity, creditworthiness and genuineness suffice, and source of source was not required earlier.
Section 14A and banking income: exempt bond interest, broken period interest, mutuality receipts, and SLR default deduction clarified.
Fixed place and dependent agent PE rejected for offshore car sales; Indian tax addition set aside
No estoppel against law: fresh claim on software distribution receipts was entertainable, with royalty taxability remanded for verification.
Political donation deduction under section 80GGC sustained absent proof of refund or direct nexus with benefit.
Depreciation on goodwill and overdue receivables pricing: goodwill deduction allowed, notional interest adjustment deleted in amalgamation dispute.
Benami cash conversion through fake gold sale was rejected; documentary inconsistencies and no prejudice from cross-examination issue.
Benami share transfer principles applied where transferor funded acquisition, retained control, and provisional attachment was restored.
Disclosure of prior PMLA attachment defeats challenge to PBPT provisional attachment, with alternate statutory route upheld.
Alternative statutory remedy limits writ review in anti-dumping findings; merits disputes go to the tribunal
Proportionality limits custodianship revocation under customs rules despite employee misconduct, with penalty sustained for security lapses.
Continuing personal guarantee remains enforceable despite resignation, renewal of facilities, claimed novation, or alleged revocation
CIRP information disclosure permits a resolution professional to seek mall revenue records without deciding ownership or contractual rights.
Res judicata bars collateral attacks on unimplemented resolution plans; belated payment proposals cannot defeat liquidation.
Actual receipt of order-in-original governs appeal limitation; income-tax data alone cannot sustain extended service tax demand.
Promissory note presumption of consideration survives blank-signature and income-tax non-disclosure objections when admissions and attesting evidence ...
IPF income utilisation norms revised for depositories, with 95% to be ploughed back and a 5% expense cap
SEZ courier import automation streamlines manifest filing, validation, X-ray, exit scan and goods registration under integrated customs systems.
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