Reasonable cause for delayed tax audit reporting can prevent penalty where the lapse is technical and non-wilful.

Permissive developer possession under a joint development agreement does not trigger capital gains transfer when ownership remains with landowners.

Reassessment after four years survives where waived partner capital deduction lacked full disclosure; taxability requires reasoned determination.

Fresh share allotment is not receipt of pre-existing property, limiting deemed-income taxation for inadequate consideration.

Hedging forward exchange gains linked to capital investments must be assessed as capital gains, not residual income.

Genuine share-trading losses require independent contrary evidence; unexplained-credit and unexplained-investment provisions cannot apply without thei...

Notional rental income based on a superseded agreement was deleted where later contractual records substantiated declared rent.

Enhanced compensation interest: territorial High Court jurisdiction informs income-from-other-sources treatment for compulsorily acquired agricultural...

Reassessment sanction requirements invalidate notices approved by an incompetent authority, while delayed-return deductions require fresh consideratio...

Certificate of Origin verification requires transaction-specific scrutiny; supplier non-cooperation alone cannot defeat preferential tariff treatment ...

Burden of proof in gold confiscation requires corroborated smuggling evidence, while currency nexus and cross-examination remain essential safeguards.

Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...

Deliberate customs undervaluation attracts separate partner liability despite post-detection duty payment, which may only mitigate penalty quantum.

Customs investigation deposit refunds remain available when departmental records verify payment and the underlying duty demand is set aside.

Late filing fees on supplementary Bills of Entry require assessment of sufficient cause and cannot be imposed mechanically.

Contemporaneous import values govern customs valuation, preventing unsupported declared-value enhancement and consequential confiscation or penalties.

Prospective exemption amendments cannot cure incomplete electric vehicle kit imports lacking components required under the earlier concessional-duty e...

Direct nexus requirement confines customs exemption to manufacturing inputs, excluding capital-goods spares used in PCB production.

Motor-vehicle parts classification governs dashboard display assemblies, excluding flat-panel display treatment and the related customs exemption.

Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...