Governmental Authority exemption for municipal water supply services upheld; pure agent treatment rejected in a tripartite project arrangement.

Reassessment on depreciation change fails where MAT book profit is unaffected and disclosure was already on record

Intra-family cash transactions were not treated as loans or deposits, so penalty provisions for acceptance and repayment failed.

Residential property investment exemption survives delayed sale deed registration where possession and substantial payment were already made

Debatable capital gains taxability under a development agreement defeats concealment penalty despite sustained addition

Binding interim judicial directions barred TDS default for leave fare concession payments, and penalty fell with demand

Specific charge in penalty proceedings for under-reporting or misreporting of income required; vague invocation made penalty unsustainable.

Standard software licence receipts were not fees for technical services; ancillary support was also excluded, while refund adjustment was remanded.

Inordinate delay not condoned without sufficient cause; double taxation relief allowed for same income subject to verification

Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...

Agricultural land outside municipal limits can fall outside capital asset status without proving continuous cultivation.

Bogus purchase additions limited to profit element where sales, stock records and banking trail remained undisputed.

Seconded employee salary reimbursement was not FTS where the Indian company exercised exclusive control and supervision.

Transfer pricing comparability turns on core auto component classification and functional similarity in manufacturing segment exclusions.

Section 80G approval cannot be denied for religious objects alone without testing the five per cent threshold

Post-three-year reassessment needs higher-authority sanction; defective approval voided the notice and consequent assessment under tax law.

PAN regularisation and seller tax payment defeated the short-deduction TDS demand on property purchase.

Clean slate protection under IBC bars continuation of MPID attachment after resolution plan approval and quashes notice

Interlocutory reconsideration of Resolution Professional approval leaves no final rights and warrants no interference at this stage.

Completeness of personal guarantor insolvency applications under Section 95(4)(a) cannot be challenged for the first time on appeal