Input tax credit denial set aside where genuineness of supply required further examination and hearing was inadequate.

Additional ITC anti-profiteering analysis upheld on project-wise methodology, recipient-specific restitution, interest, and no retrospective penalty.

Reason to believe for reassessment fails where reopening rests on sister-concern material and presumed on-money sales.

Unabated search assessments require incriminating material; foreign account additions also fail without proof of ownership by the Revenue.

Revision in limited scrutiny requires an assessment order to be both erroneous and prejudicial to Revenue.

Concurrent findings of fact in search assessment additions can bar a substantial question of law under Section 260A.

MAT book profit cannot be reduced for revaluation depreciation merely because the auditor noted selective revaluation.

Charitable registration cancellation: limitation and jurisdiction upheld, but withdrawal quashed under discontinued provisions for skill-development e...

Reassessment invalid for non-supply of relied-upon material, third-party papers, and time-barred reopening proceedings in reassessment.

Remand report acceptance bars notional interest and trade payable additions, with ad hoc expense disallowances deleted.

TDS credit cannot be denied for wrong-PAN deduction when tax was deducted and deposited on commission agent's behalf.

Transfer pricing comparables in market research services turn on functional similarity and DRP-compliance remand issues.

Public charitable trust taxation: absence of beneficiary shares does not justify maximum marginal rate; normal AOP rates apply.

Borrowed satisfaction and penny stock additions failed where share transactions were documented and no assessee-specific material existed

Share premium taxation turns on receipt year and excess over fair market value, with DCF valuation accepted.

Customs penalty moderation and official-capacity liability upheld where officer conduct was treated as factual, not legal, error.

Royalty includibility in customs valuation rejected where royalty was not a condition of sale of imported goods.

Retracted statements and unreliable panchnama evidence cannot sustain export diversion allegations when cross-examination is denied

Secure transit breach alone cannot sustain penalty for abetment without evidence of knowledge or collusion.

Limitation after initial seizure, lack of reason to believe, and failure of Section 123 defeated confiscation of gold.