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    July 17, 2026   Case Laws Income Tax
    Penalty initiation for cash-receipt contraventions begins with the competent authority's hearing notice, subject to reasonable-time limits.
    July 17, 2026   Case Laws Income Tax
    Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
    July 17, 2026   Case Laws Income Tax
    Place of effective management threshold exclusion supported refund where assumed Indian residence caused tax payment and double taxation.
    July 17, 2026   Case Laws Income Tax
    Genuine derivative losses require proof beyond exchange records when transaction patterns and investigation material indicate manipulation.
    July 17, 2026   Case Laws Income Tax
    Contingent contractual consideration requires an enforceable accrued right, while project costs follow corresponding revenue recognition under percent...
    July 17, 2026   Case Laws Income Tax
    Statutory sanction for delayed reassessment is mandatory; approval by an unauthorised authority invalidates reassessment jurisdiction.
    July 17, 2026   Case Laws Income Tax
    Explained sale advances cannot be taxed as unexplained money when evidence establishes their connection with property sale consideration.
    July 17, 2026   Case Laws Customs
    Customs non-declaration findings withstand review where contemporaneous evidence corroborates a retracted statement and no perversity is shown.
    July 17, 2026   Case Laws Customs
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    July 17, 2026   Case Laws Customs
    Consequential refund claims for illegally collected export duty survive limitation and unjust enrichment where the ultimate buyer bore the burden.
    July 17, 2026   Case Laws Customs
    Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
    July 17, 2026   Case Laws Companies Law
    Discretionary restoration costs require reasoned justification and cannot be imposed for facilitating statutory tax assessment proceedings.
    July 17, 2026   Case Laws IBC
    Strict IBC appeal limitation requires a timely delay-condonation application; later filing cannot cure expiry of the maximum period.
    July 17, 2026   Case Laws Money Laundering
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    July 17, 2026   Case Laws Money Laundering
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    July 17, 2026   Case Laws Service Tax
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    July 17, 2026   Case Laws Service Tax
    Railway cleaning and onboard housekeeping qualified as exempt municipal sanitation services, while known facts prevented extended limitation.
    July 17, 2026   Case Laws VAT / Sales Tax
    Secured creditor priority defeats State tax encumbrances, protecting SARFAESI auction purchasers from subsequent recovery against purchased assets.
    July 17, 2026   Case Laws Indian Laws
    Statutory demand notice must exclude stale or prematurely presented cheques and require valid service for cheque dishonour prosecution.
    July 16, 2026   Case Laws GST
    Consequential GST refund rejection requires statutory appeal where fresh lawful grounds remain open after appellate remand.
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July 17, 2026   Case Laws Income Tax
Penalty initiation for cash-receipt contraventions begins with the competent authority's hearing notice, subject to reasonable-time limits.
July 17, 2026   Case Laws Income Tax
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identified subsequent DIN intimation.
July 17, 2026   Case Laws Income Tax
Place of effective management threshold exclusion supported refund where assumed Indian residence caused tax payment and double taxation.
July 17, 2026   Case Laws Income Tax
Genuine derivative losses require proof beyond exchange records when transaction patterns and investigation material indicate manipulation.
July 17, 2026   Case Laws Income Tax
Contingent contractual consideration requires an enforceable accrued right, while project costs follow corresponding revenue recognition under percentage completion.
July 17, 2026   Case Laws Income Tax
Statutory sanction for delayed reassessment is mandatory; approval by an unauthorised authority invalidates reassessment jurisdiction.
July 17, 2026   Case Laws Income Tax
Explained sale advances cannot be taxed as unexplained money when evidence establishes their connection with property sale consideration.
July 17, 2026   Case Laws Customs
Customs non-declaration findings withstand review where contemporaneous evidence corroborates a retracted statement and no perversity is shown.
July 17, 2026   Case Laws Customs
Customs transaction value cannot be rejected on NIDB data alone without reasonable doubt and genuinely comparable imports.
July 17, 2026   Case Laws Customs
Consequential refund claims for illegally collected export duty survive limitation and unjust enrichment where the ultimate buyer bore the burden.
July 17, 2026   Case Laws Customs
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial food-manufacturing entry.
July 17, 2026   Case Laws Companies Law
Discretionary restoration costs require reasoned justification and cannot be imposed for facilitating statutory tax assessment proceedings.
July 17, 2026   Case Laws IBC
Strict IBC appeal limitation requires a timely delay-condonation application; later filing cannot cure expiry of the maximum period.
July 17, 2026   Case Laws Money Laundering
Knowing assistance with proceeds of crime supports money-laundering charges where specific fund transfers show active prima facie involvement.
July 17, 2026   Case Laws Money Laundering
Money-laundering discharge requires assessment of prima facie PMLA ingredients, not re-evaluation of pending predicate offences.
July 17, 2026   Case Laws Service Tax
Reverse-charge service tax on mining royalty excludes threshold relief and may trigger extended limitation and penalties for suppression.
July 17, 2026   Case Laws Service Tax
Railway cleaning and onboard housekeeping qualified as exempt municipal sanitation services, while known facts prevented extended limitation.
July 17, 2026   Case Laws VAT / Sales Tax
Secured creditor priority defeats State tax encumbrances, protecting SARFAESI auction purchasers from subsequent recovery against purchased assets.
July 17, 2026   Case Laws Indian Laws
Statutory demand notice must exclude stale or prematurely presented cheques and require valid service for cheque dishonour prosecution.
July 16, 2026   Case Laws GST
Consequential GST refund rejection requires statutory appeal where fresh lawful grounds remain open after appellate remand.

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Income Tax

Penalty u/s 271B - imposition of penalty u/s 271B is...

Section 271B: Penalty for Non-Compliance is Discretionary, Not Mandatory, if Reasonable Cause Exists.

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Income Tax March 29, 2019 Case Laws HC
Penalty u/s 271B - imposition of penalty u/s 271B is discretionary not mandatory as word used in section is "may" - no penalty if there is existence of reasonable cause.
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