Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...

Compounding for delayed TDS remittance restored after bona fide payment delay and full subsequent deposit of charges.

Annual treaty election permits separate beneficial tax choices each year and preserves capital losses against exempt treaty gains.

Offshore supply profits escaped Indian taxation where no fixed-place PE existed and supervisory activities lacked transactional connection.

Comparable Uncontrolled Price benchmarking prevailed where reliable preform silica data existed, eliminating the adjustment based on TNMM.

Valid concealment penalty initiation requires assessment-stage satisfaction; future intent and belated notices cannot create jurisdiction.

Charitable registration renewal cannot require a written trust deed where statutory evidence establishes charitable creation and genuine activities.

Composite commercial letting remains house property income when amenities and fixtures are inseparable from licensed premises.

Charitable-purpose exemption protects incidental rental income where trust property supports education, medical relief, or poverty relief objectives.

Reassessment additions from subsequent enquiries fail without an addition on the foundational reopening issue, including search-related reassessments.

COVID-19 extraordinary costs and non-AE transactions reshape TNMM margins, capacity adjustments, and transfer-pricing adjustment scope.

Binding interim judicial directions precluded TDS default liability on Leave Travel Concession reimbursements involving foreign travel.

Non-performing asset interest follows real income principles, while disclosed but inadmissible bad-debt claims do not automatically attract penalty.

Limitation in customs appeals permits exclusion for bona fide refund proceedings, enabling restoration of Bill of Entry assessment challenges on merit...

Statutory customs appeal remedy governs writ challenges, while secured release of attached bank accounts preserves business operations pending appeal.

Warehousing permission requires deposit at the designated bonded warehouse; unauthorised diversion triggers confiscation, redemption fine and importer...

Bulk drug imports qualify for the specific concessional IGST rate despite classification under chemical chapters, subject to nil-rating exclusions.

Material event disclosure under LODR requires prominent communication of a terminated share purchase agreement, not an obscure financial-results note.

GST classification of insolvency professional services requires forward charge, despite the professional also being enrolled as an Advocate.

Continuing personal guarantees can cover renewed credit facilities and contracted interest beyond the stipulated principal cap.