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    July 8, 2026   Case Laws GST
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July 8, 2026   Case Laws GST
Additional ITC anti-profiteering analysis upheld on project-wise methodology, recipient-specific restitution, interest, and no retrospective penalty.
July 8, 2026   Case Laws Income Tax
Reason to believe for reassessment fails where reopening rests on sister-concern material and presumed on-money sales.
July 8, 2026   Case Laws Income Tax
Unabated search assessments require incriminating material; foreign account additions also fail without proof of ownership by the Revenue.
July 8, 2026   Case Laws Income Tax
Revision in limited scrutiny requires an assessment order to be both erroneous and prejudicial to Revenue.
July 8, 2026   Case Laws Income Tax
Concurrent findings of fact in search assessment additions can bar a substantial question of law under Section 260A.
July 8, 2026   Case Laws Income Tax
MAT book profit cannot be reduced for revaluation depreciation merely because the auditor noted selective revaluation.
July 8, 2026   Case Laws Income Tax
Charitable registration cancellation: limitation and jurisdiction upheld, but withdrawal quashed under discontinued provisions for skill-development entity
July 8, 2026   Case Laws Income Tax
Reassessment invalid for non-supply of relied-upon material, third-party papers, and time-barred reopening proceedings in reassessment.
July 8, 2026   Case Laws Income Tax
Remand report acceptance bars notional interest and trade payable additions, with ad hoc expense disallowances deleted.
July 8, 2026   Case Laws Income Tax
TDS credit cannot be denied for wrong-PAN deduction when tax was deducted and deposited on commission agent's behalf.
July 8, 2026   Case Laws Income Tax
Transfer pricing comparables in market research services turn on functional similarity and DRP-compliance remand issues.
July 8, 2026   Case Laws Income Tax
Public charitable trust taxation: absence of beneficiary shares does not justify maximum marginal rate; normal AOP rates apply.
July 8, 2026   Case Laws Income Tax
Borrowed satisfaction and penny stock additions failed where share transactions were documented and no assessee-specific material existed
July 8, 2026   Case Laws Income Tax
Share premium taxation turns on receipt year and excess over fair market value, with DCF valuation accepted.
July 8, 2026   Case Laws Customs
Customs penalty moderation and official-capacity liability upheld where officer conduct was treated as factual, not legal, error.
July 8, 2026   Case Laws Customs
Royalty includibility in customs valuation rejected where royalty was not a condition of sale of imported goods.
July 8, 2026   Case Laws Customs
Retracted statements and unreliable panchnama evidence cannot sustain export diversion allegations when cross-examination is denied
July 8, 2026   Case Laws Customs
Secure transit breach alone cannot sustain penalty for abetment without evidence of knowledge or collusion.
July 8, 2026   Case Laws Customs
Limitation after initial seizure, lack of reason to believe, and failure of Section 123 defeated confiscation of gold.
July 8, 2026   Case Laws Customs
EPCG exemption for second-hand textile machinery upheld; no vintage restriction could be read into the notification.

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Income Tax

Block assessment - action u/s.158BD - period of limitation - if...

Taxpayer Shielded from Prolonged Scrutiny Due to Delayed Action by Tax Authorities u/s 158BD.

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Income Tax August 2, 2012 Case Laws AT
Block assessment - action u/s.158BD - period of limitation - if the Authorities failed to utilize and communicate such information on time, then the Assessee could not be penalized and kept in the loop of the Authorities for such a long period of 7 (seven) years - AT
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