Loading...

⚠ ✕
❮ Top
☎ Help
☰
GST ▸
Central GST ▸
Integrated GST + ▸
UTGST / SGST ▸
GST Case Laws + ▸
Income Tax ▸
Income Tax ▸
Allied (Direct Tax) ▸
Income Tax Case Laws ▸
DTAA ▸
International Taxation ▸
Customs ▸
Customs Act / Rules ▸
Notifications / Forms ▸
Circulars / Tariff ▸
Case Laws / Manual ▸
FTP/SEZ ▸
Foreign Trade ▸
Notifications / Circulars / Appendix / Forms ▸
Special Economic Zone (SEZ) ▸
Corp. Law ▸
Company Laws ▸
Standards / Trusts ▸
Partnership / LLP / Societies ▸
Case Laws ▸
FEMA ▸
FEMA / FCRA ▸
Notifications / Circulars ▸
Manual / FAQ ▸
FEMA Case Laws ▸
SEBI / IBC ▸
SEBI ▸
SEBI Case Laws ▸
IBC ▸
IBC - Case Laws ▸
PMLA ▸
Benami Property ▸
Black Money ▸
Money Laundering ▸
Vivad ▸
Direct Tax ▸
Indirect Taxes ▸
Indian Laws ▸
Indian Laws ▸
Bharatiya Nyaya 2023 ▸
Finance Acts & Bills / Amendment Acts ▸
Case Laws ▸
Labour Laws ▸
Labour Code ▸
Old / Others ▸
Central Excise ▸
Central Excise - Cases ▸
Wealth Tax ▸
Service Tax ▸
Service Tax Cases ▸
CST / DVAT ▸
CST / VAT / Sales Tax ▸
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ To Call / Whatsapp, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Filters / Advanced Search ❯
TEXT

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
☰   Show Results ❯
    October 31, 2026   Case Laws GST
    Retrospective GST registration cancellation does not bar audit of historical compliance records, while concealment defeats discretionary writ relief.
    October 31, 2026   Case Laws GST
    Further investigation alone cannot justify continued custody where the triple test supports conditional regular bail in tax-fraud allegations.
    October 31, 2026   Case Laws GST
    Alternative statutory remedy governs GST hearing-notice disputes where alleged procedural defects require examination of disputed records on appeal.
    October 31, 2026   Case Laws GST
    Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination.
    October 31, 2026   Case Laws GST
    E-way Bill Values Alone Cannot Establish Job Worker Taxable Turnover Without Independent Evidence of Taxable Supply
    October 31, 2026   Case Laws GST
    Form GSTR-1 rectification permits correction of B2B supplies wrongly reported as B2C without duplicating tax liability.
    October 31, 2026   Case Laws GST
    Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentatio...
    October 31, 2026   Case Laws GST
    Tax collected but not remitted attracts Section 76 liability, while delayed GSTR-3B credit remains time-barred.
    October 31, 2026   Case Laws GST
    Portal Downtime Delaying E-Invoice Generation Cannot Support Detention Penalty Where Transport Documents Fully Disclose the Consignment.
    October 31, 2026   Case Laws GST
    Transit-document compliance: post-detention invoices cannot validate garment movement, leaving the transporter exposed to owner-independent penalties.
    October 31, 2026   Case Laws GST
    Physical verification overrides discrepant GST transport documents where cumulative evidence demonstrates intention to evade tax.
    October 31, 2026   Case Laws GST
    Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailab...
    October 31, 2026   Case Laws GST
    Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite c...
    October 31, 2026   Case Laws Income Tax
    Foreign sales commission earned abroad escapes Indian tax withholding where agents lack Indian business connection or establishment.
    October 31, 2026   Case Laws Income Tax
    Search assessment additions require seized incriminating material, while unexplained land advances demand proof of payer identity and source.
    October 31, 2026   Case Laws Income Tax
    Tax deductions and transfer pricing: R&D, CSR, offshore purchases and captive transfers governed by statutory conditions.
    October 31, 2026   Case Laws Income Tax
    Business deduction and tax computation rules distinguish delayed-TDS interest, exempt-income expenses, book profits and project supervision costs.
    October 31, 2026   Case Laws Income Tax
    Pre-conversion CCD coupon pricing: compulsory conversion alone cannot justify a nil arm's-length price, so adjustment was deleted.
    October 31, 2026   Case Laws Income Tax
    Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowan...
    October 31, 2026   Case Laws Income Tax
    Leasehold land premiums remain capital expenditure, while resident enterprises must include overseas branch profits in Indian taxable income.
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Open Link
Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
October 31, 2026   Case Laws GST
Retrospective GST registration cancellation does not bar audit of historical compliance records, while concealment defeats discretionary writ relief.
October 31, 2026   Case Laws GST
Further investigation alone cannot justify continued custody where the triple test supports conditional regular bail in tax-fraud allegations.
October 31, 2026   Case Laws GST
Alternative statutory remedy governs GST hearing-notice disputes where alleged procedural defects require examination of disputed records on appeal.
October 31, 2026   Case Laws GST
Input tax credit reversal on common inputs requires verification, while annual-return discrepancies require examination before tax determination.
October 31, 2026   Case Laws GST
E-way Bill Values Alone Cannot Establish Job Worker Taxable Turnover Without Independent Evidence of Taxable Supply
October 31, 2026   Case Laws GST
Form GSTR-1 rectification permits correction of B2B supplies wrongly reported as B2C without duplicating tax liability.
October 31, 2026   Case Laws GST
Fake-invoice penalties remain available where taxpayer admissions and records establish unsupported input tax credit claims and false GST documentation.
October 31, 2026   Case Laws GST
Tax collected but not remitted attracts Section 76 liability, while delayed GSTR-3B credit remains time-barred.
October 31, 2026   Case Laws GST
Portal Downtime Delaying E-Invoice Generation Cannot Support Detention Penalty Where Transport Documents Fully Disclose the Consignment.
October 31, 2026   Case Laws GST
Transit-document compliance: post-detention invoices cannot validate garment movement, leaving the transporter exposed to owner-independent penalties.
October 31, 2026   Case Laws GST
Physical verification overrides discrepant GST transport documents where cumulative evidence demonstrates intention to evade tax.
October 31, 2026   Case Laws GST
Works contract classification applies to permanently installed fire-protection systems, while earthwork and obsolete IGST concessions remain unavailable.
October 31, 2026   Case Laws GST
Professional fee recovery for GST refund representation succeeds where direct engagement, fee acknowledgement, and authority are established despite contingency claims.
October 31, 2026   Case Laws Income Tax
Foreign sales commission earned abroad escapes Indian tax withholding where agents lack Indian business connection or establishment.
October 31, 2026   Case Laws Income Tax
Search assessment additions require seized incriminating material, while unexplained land advances demand proof of payer identity and source.
October 31, 2026   Case Laws Income Tax
Tax deductions and transfer pricing: R&D, CSR, offshore purchases and captive transfers governed by statutory conditions.
October 31, 2026   Case Laws Income Tax
Business deduction and tax computation rules distinguish delayed-TDS interest, exempt-income expenses, book profits and project supervision costs.
October 31, 2026   Case Laws Income Tax
Pre-conversion CCD coupon pricing: compulsory conversion alone cannot justify a nil arm's-length price, so adjustment was deleted.
October 31, 2026   Case Laws Income Tax
Transfer pricing of intra-group support services requires prescribed benchmarking; unsupported nil valuation and alternate business-expense disallowance fail.
October 31, 2026   Case Laws Income Tax
Leasehold land premiums remain capital expenditure, while resident enterprises must include overseas branch profits in Indian taxable income.

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Home › Highlights › Income Tax › 2018 › May, 2018 › This
Back

All Highlights

Income Tax

Taxability of income as a perquisite - waiver of loan by...

Loan Waiver Not Taxable u/ss 28(iv) and 41(1) of Income Tax Act; Not a Trading Liability Cessation.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Income Tax May 4, 2018 Case Laws SC
Taxability of income as a perquisite - waiver of loan by creditor - Section 28(iv) of the IT Act does not apply on the present case since the receipts are in the nature of cash or money AND Section 41(1) of the IT Act does not apply since waiver of loan does not amount to cessation of trading liability. - SC
View Source View

Topics

Acts Income Tax
Next ➔