Separate tax-period assessment is mandatory under Section 74; composite GST adjudication was quashed and fresh proceedings directed.

Faceless assessment hearing rights require effective video-conference access before finalising additions, with procedural compliance under scrutiny.

Reassessment for unexplained property investment remains valid despite wealth-tax disclosure when income-tax source disclosures are incomplete.

Section 80P deductions depend on member-credit activity, substantiated liabilities, timely leave payments, and compliant deposit KYC records.

Depreciation on opening written-down value remains available where prior allowance and asset-block treatment continue without change in facts.

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Notional rental income based on a superseded agreement was deleted where later contractual records substantiated declared rent.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