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    July 10, 2026   Case LawsIncome Tax
    Prospective valuation amendment limits reassessment: unamended fair market value reference could not justify reopening based on a registered valuer's ...
    July 10, 2026   Case LawsIncome Tax
    Section 179 director liability requires foundational facts and a reasonable opportunity before corporate veil can be lifted.
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    Change of opinion bars reassessment where a deduction claim was already scrutinised and accepted on the same material.
    July 10, 2026   Case LawsIncome Tax
    Deemed reassessment notices and surviving limitation period rendered later notices invalid for want of jurisdiction
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    Independent reassessment under section 148A fails when vague investigation inputs are not disclosed or verified.
    July 10, 2026   Case LawsIncome Tax
    Section 50C cannot control section 54F net consideration; full capital gains exemption followed on actual reinvestment
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    July 10, 2026   Case LawsIncome Tax
    Adequate enquiry defeats revision, and amalgamation bar did not block the additional employee cost deduction
    July 10, 2026   Case LawsIncome Tax
    Refundable student caution money is not taxable as cessation of liability; excessive related-party interest disallowance sustained
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    Medical relief as charitable purpose survives hospital surplus and premium facilities; cancellation for alleged scheme breach was unsustainable.
    July 10, 2026   Case LawsIncome Tax
    Consistency in testamentary trust taxation led to application of the individual rate after prior departmental acceptance of the same trust.
    July 10, 2026   Case LawsIncome Tax
    Corporate guarantee as an international transaction requires transfer pricing benchmarking, with commission based on average exposure.
    July 10, 2026   Case LawsIncome Tax
    Satisfaction note recorded after the cut-off date made search assessments without jurisdiction and void
    July 10, 2026   Case LawsIncome Tax
    Corporate guarantee pricing at 1% upheld, while bad debt write-off and finance lease rentals were allowed as deductions.
    July 10, 2026   Case LawsCustoms
    Retracted confessions and uncorroborated co-noticee statements cannot sustain penalty without mandatory procedural compliance in adjudication.
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    July 10, 2026   Case LawsCompanies Law
    SFIO prosecutions need no pre-cognizance hearing; special Companies Act procedure overrides general BNSS complaint rules.
    July 10, 2026   Case LawsSEBI
    Depository supervisory negligence supports investor indemnification, while Section 37 prevents reappreciation of a plausible award.
    July 10, 2026   Case LawsService Tax
    Directory adjudication deadline under service tax law cannot be invoked by an assessee who caused the delay.
    July 10, 2026   Case LawsService Tax
    Exemption for examination-related services rejected where recipients were commercial entities; suppression sustained extended limitation and penalties...
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    July 10, 2026   Case Laws Income Tax
    Prospective valuation amendment limits reassessment: unamended fair market value reference could not justify reopening based on a registered valuer's report.
    July 10, 2026   Case Laws Income Tax
    Section 179 director liability requires foundational facts and a reasonable opportunity before corporate veil can be lifted.
    July 10, 2026   Case Laws Income Tax
    Change of opinion bars reassessment where a deduction claim was already scrutinised and accepted on the same material.
    July 10, 2026   Case Laws Income Tax
    Deemed reassessment notices and surviving limitation period rendered later notices invalid for want of jurisdiction
    July 10, 2026   Case Laws Income Tax
    Independent reassessment under section 148A fails when vague investigation inputs are not disclosed or verified.
    July 10, 2026   Case Laws Income Tax
    Section 50C cannot control section 54F net consideration; full capital gains exemption followed on actual reinvestment
    July 10, 2026   Case Laws Income Tax
    Strict construction of pension policy exemption kept premature surrender proceeds taxable under the charging provisions.
    July 10, 2026   Case Laws Income Tax
    Adequate enquiry defeats revision, and amalgamation bar did not block the additional employee cost deduction
    July 10, 2026   Case Laws Income Tax
    Refundable student caution money is not taxable as cessation of liability; excessive related-party interest disallowance sustained
    July 10, 2026   Case Laws Income Tax
    Medical relief as charitable purpose survives hospital surplus and premium facilities; cancellation for alleged scheme breach was unsustainable.
    July 10, 2026   Case Laws Income Tax
    Consistency in testamentary trust taxation led to application of the individual rate after prior departmental acceptance of the same trust.
    July 10, 2026   Case Laws Income Tax
    Corporate guarantee as an international transaction requires transfer pricing benchmarking, with commission based on average exposure.
    July 10, 2026   Case Laws Income Tax
    Satisfaction note recorded after the cut-off date made search assessments without jurisdiction and void
    July 10, 2026   Case Laws Income Tax
    Corporate guarantee pricing at 1% upheld, while bad debt write-off and finance lease rentals were allowed as deductions.
    July 10, 2026   Case Laws Customs
    Retracted confessions and uncorroborated co-noticee statements cannot sustain penalty without mandatory procedural compliance in adjudication.
    July 10, 2026   Case Laws Customs
    Tariff classification of automotive cables and driver monitoring assemblies turns on specific headings and signalling function.
    July 10, 2026   Case Laws Companies Law
    SFIO prosecutions need no pre-cognizance hearing; special Companies Act procedure overrides general BNSS complaint rules.
    July 10, 2026   Case Laws SEBI
    Depository supervisory negligence supports investor indemnification, while Section 37 prevents reappreciation of a plausible award.
    July 10, 2026   Case Laws Service Tax
    Directory adjudication deadline under service tax law cannot be invoked by an assessee who caused the delay.
    July 10, 2026   Case Laws Service Tax
    Exemption for examination-related services rejected where recipients were commercial entities; suppression sustained extended limitation and penalties.

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      Service Tax

      Excess utilisation of CENVAT credit beyond the limit of 20% -...

      Excess CENVAT Credit Use Over 20% Limit is Procedural Infraction, Not Tax Evasion; No Equivalent Penalty Needed.

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      Service TaxMay 16, 2018Case LawsAT
      Excess utilisation of CENVAT credit beyond the limit of 20% - Utilisation of CENVAT credit in excess of 20% could be a procedural infraction but definitely not an evasion of tax which is the requirement for imposition of equivalent amount of penalty. - AT
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