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    August 7, 2026   Case Laws GST
    Alternative GST remedy prevails where demand disputes require factual examination and alleged inspection-authorisation bias lacks supporting material.
    August 7, 2026   Case Laws GST
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    August 7, 2026   Case Laws Income Tax
    Foreign tax credit for partnership legal-service receipts remains available where overseas income is taxed in India and documented.
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    Explained foreign life-insurance investments remain outside undisclosed-asset taxation, while foreign insurer maturity proceeds qualify for exemption.
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    August 7, 2026   Case Laws Income Tax
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    August 7, 2026   Case Laws Income Tax
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    August 7, 2026   Case Laws Benami Property
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August 7, 2026   Case Laws GST
Alternative GST remedy prevails where demand disputes require factual examination and alleged inspection-authorisation bias lacks supporting material.
August 7, 2026   Case Laws GST
Consolidated GST show cause notices remain valid, while fraud-based demand allegations require factual adjudication through statutory remedies.
August 7, 2026   Case Laws GST
Instalment payment of admitted GST liability requires application to the Commissioner, who must consider the request under law.
August 7, 2026   Case Laws GST
Interest on delayed GST refunds may be scrutinised without Chartered Accountant certification where only refunded principal interest is claimed.
August 7, 2026   Case Laws GST
Disputed factual allegations in GST fraud claims require statutory appellate review rather than writ adjudication.
August 7, 2026   Case Laws GST
Electronic credit ledger restrictions require review when Rule 86A conditions no longer exist, enabling consideration of unblocking applications.
August 7, 2026   Case Laws GST
Additional input tax credit benefit was absent, so homebuyers were not entitled to a commensurate price reduction under anti-profiteering rules.
August 7, 2026   Case Laws Income Tax
Capital gains classification upheld where investment intent, prolonged holding and consistent prior tax treatment outweighed isolated flat sales.
August 7, 2026   Case Laws Income Tax
Restricted government grants remain non-income, while block depreciation applies despite retirement of individual business assets from active use.
August 7, 2026   Case Laws Income Tax
Revisionary jurisdiction is barred for appealed purchase issues and cannot replace a plausible assessment after inquiry.
August 7, 2026   Case Laws Income Tax
Rejection of Books Requires Specific Accounting Defects; missing quality-wise stock details alone cannot support estimated-profit additions.
August 7, 2026   Case Laws Income Tax
Foreign tax credit for partnership legal-service receipts remains available where overseas income is taxed in India and documented.
August 7, 2026   Case Laws Income Tax
Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer.
August 7, 2026   Case Laws Income Tax
Explained foreign life-insurance investments remain outside undisclosed-asset taxation, while foreign insurer maturity proceeds qualify for exemption.
August 7, 2026   Case Laws Income Tax
Section 80P deduction for deposit income and strict reassessment limitation determine the treatment of consequential penalty proceedings.
August 7, 2026   Case Laws Income Tax
Timely reassessment returns satisfy deduction-filing requirements, while revision fails where the assessment examined the deduction claim.
August 7, 2026   Case Laws Income Tax
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubts.
August 7, 2026   Case Laws Benami Property
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations remain unaddressed.
August 7, 2026   Case Laws Customs
Provisional release representations require a hearing and reasoned decision, while the merits of seizure remain open.
August 7, 2026   Case Laws Customs
Customs transaction value rejection requires cogent proof of undervaluation; unsupported evidence cannot sustain duty demands or penalties.

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Income Tax

Addition on account of alleged decline in gross profit/net...

Income Addition Rejected Due to Lack of Specific Defects in Books u/s 145 of the Income Tax Act.

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Income Tax January 2, 2018 Case Laws AT
Addition on account of alleged decline in gross profit/net profit - applying the provisions of section 145 - in its report, Statutory Auditor noted that auditor is unable to comment on the accuracy of the valuation of the inventories of finished goods - rejection of books of accounts - being no defect point out by the AO, no addition could be done - AT
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