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    July 16, 2026   Case Laws GST
    Statutory GST liability overrides works-contract reimbursement disputes, limiting contractual claims and barring non-statutory return or waiver relief...
    July 16, 2026   Case Laws GST
    E-way bill compliance applies to machinery returned for testing under delivery challans, despite no taxable supply arising.
    July 16, 2026   Case Laws GST
    Excess input tax credit beyond reflected supplier data attracts extended-period assessment, interest and penalty; turnover mismatch requires documenta...
    July 16, 2026   Case Laws GST
    Arrest authorisation under GST law is required before anticipatory bail can be considered, with limited interim protection available.
    July 16, 2026   Case Laws GST
    Condonation beyond the statutory appeal-delay cap under GST awaits consideration after analogous appeals are placed before the Tribunal.
    July 16, 2026   Case Laws Income Tax
    Effective hearing in faceless reassessment requires notices to reach the assessee, prompting remand for fresh assessment proceedings.
    July 16, 2026   Case Laws Income Tax
    Wilful tax-payment evasion requires evidence beyond delayed payment; financial constraints and later payment negate prosecution.
    July 16, 2026   Case Laws Income Tax
    Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
    July 16, 2026   Case Laws Income Tax
    Closing stock bank statements alone cannot justify tax additions where books are sound and valuation differences are reconciled.
    July 16, 2026   Case Laws Income Tax
    Penalty recovery stay: delayed TDS deduction and remittance may not attract Section 271C, pending appellate determination.
    July 16, 2026   Case Laws Income Tax
    Interest on delayed statutory payments is deductible only where the underlying liability qualifies as business expenditure.
    July 16, 2026   Case Laws Income Tax
    Futures and options turnover computation kept derivatives activity below the tax-audit threshold, resulting in deletion of non-furnishing penalty.
    July 16, 2026   Case Laws Income Tax
    Share premium valuation requires examination of supporting reports, while limited scrutiny restricts additions beyond the selected issues.
    July 16, 2026   Case Laws Income Tax
    Revision limitation for issues outside reassessment runs from the original assessment, rendering delayed revision proceedings time-barred.
    July 16, 2026   Case Laws Income Tax
    Per-payment TDS threshold limits online gaming withholding, while unclaimed player payouts cannot trigger expenditure disallowance under tax law.
    July 16, 2026   Case Laws Income Tax
    Section 87A rebate remains available against short-term capital gains where the relevant law contained no express exclusion.
    July 16, 2026   Case Laws Income Tax
    Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
    July 16, 2026   Case Laws Income Tax
    Estimated business expenditure for unsupported commission expenses increased after considering the nature and circumstances of commission activities.
    July 16, 2026   Case Laws Income Tax
    Intra-group software licence costs require evidence of actual use, while comparable selection must reflect functional and scale differences.
    July 16, 2026   Case Laws Customs
    Reasonable-time limits on duty drawback recovery bar unexplained delayed proceedings where fraud or suppression is not alleged.
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July 16, 2026   Case Laws GST
Statutory GST liability overrides works-contract reimbursement disputes, limiting contractual claims and barring non-statutory return or waiver relief.
July 16, 2026   Case Laws GST
E-way bill compliance applies to machinery returned for testing under delivery challans, despite no taxable supply arising.
July 16, 2026   Case Laws GST
Excess input tax credit beyond reflected supplier data attracts extended-period assessment, interest and penalty; turnover mismatch requires documentary support.
July 16, 2026   Case Laws GST
Arrest authorisation under GST law is required before anticipatory bail can be considered, with limited interim protection available.
July 16, 2026   Case Laws GST
Condonation beyond the statutory appeal-delay cap under GST awaits consideration after analogous appeals are placed before the Tribunal.
July 16, 2026   Case Laws Income Tax
Effective hearing in faceless reassessment requires notices to reach the assessee, prompting remand for fresh assessment proceedings.
July 16, 2026   Case Laws Income Tax
Wilful tax-payment evasion requires evidence beyond delayed payment; financial constraints and later payment negate prosecution.
July 16, 2026   Case Laws Income Tax
Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limits.
July 16, 2026   Case Laws Income Tax
Closing stock bank statements alone cannot justify tax additions where books are sound and valuation differences are reconciled.
July 16, 2026   Case Laws Income Tax
Penalty recovery stay: delayed TDS deduction and remittance may not attract Section 271C, pending appellate determination.
July 16, 2026   Case Laws Income Tax
Interest on delayed statutory payments is deductible only where the underlying liability qualifies as business expenditure.
July 16, 2026   Case Laws Income Tax
Futures and options turnover computation kept derivatives activity below the tax-audit threshold, resulting in deletion of non-furnishing penalty.
July 16, 2026   Case Laws Income Tax
Share premium valuation requires examination of supporting reports, while limited scrutiny restricts additions beyond the selected issues.
July 16, 2026   Case Laws Income Tax
Revision limitation for issues outside reassessment runs from the original assessment, rendering delayed revision proceedings time-barred.
July 16, 2026   Case Laws Income Tax
Per-payment TDS threshold limits online gaming withholding, while unclaimed player payouts cannot trigger expenditure disallowance under tax law.
July 16, 2026   Case Laws Income Tax
Section 87A rebate remains available against short-term capital gains where the relevant law contained no express exclusion.
July 16, 2026   Case Laws Income Tax
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protection.
July 16, 2026   Case Laws Income Tax
Estimated business expenditure for unsupported commission expenses increased after considering the nature and circumstances of commission activities.
July 16, 2026   Case Laws Income Tax
Intra-group software licence costs require evidence of actual use, while comparable selection must reflect functional and scale differences.
July 16, 2026   Case Laws Customs
Reasonable-time limits on duty drawback recovery bar unexplained delayed proceedings where fraud or suppression is not alleged.

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Income Tax

Addition on account of bad debt - embezzled by one of the...

Employee Embezzlement: Loss Recognized as Business Loss for Tax Purposes Despite No FIR Filed.

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Income Tax April 23, 2019 Case Laws AT
Addition on account of bad debt - embezzled by one of the employees of the company - Non–filing of FIR before the Police - embezzlement may not be allowable as bad debt but certainly it has to be allowed as business loss
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