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    April 18, 2026   Case Laws GST
    Anti-profiteering in cinema ticket pricing: GST reduction had to be passed on, with interest only prospectively and no penalty.
    April 18, 2026   Case Laws Income Tax
    Restoration of appeal withdrawn under Vivad Se Vishwas Scheme allowed where the dispute had not been decided on merits.
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    Section 10A and related deductions: Tribunal rejects separate-undertaking claim, but allows loss set-off, ESOP cost and foreign tax credit in principl...
    April 18, 2026   Case Laws Income Tax
    Fresh statutory deduction claims can be entertained on appeal if supported by documents, but verification of eligibility remains essential.
    April 18, 2026   Case Laws Income Tax
    Project-linked fixed deposit interest capitalised to work-in-progress, not taxed as income from other sources.
    April 18, 2026   Case Laws Income Tax
    Retrenchment compensation under BSNL's voluntary retirement scheme was held exempt as a capital receipt.
    April 18, 2026   Case Laws Income Tax
    Functional test for software expense, section 14A computation and Debenture Redemption Reserve treatment under MAT
    April 18, 2026   Case Laws Customs
    Hearing aid charging case classification upheld as accessory; extended limitation, confiscation, and penalty were set aside.
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    April 18, 2026   Case Laws Customs
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    April 18, 2026   Case Laws Customs
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    April 18, 2026   Case Laws Companies Law
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    April 18, 2026   Case Laws Companies Law
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    April 18, 2026   Case Laws IBC
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    April 18, 2026   Case Laws IBC
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    April 18, 2026   Case Laws IBC
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April 18, 2026   Case Laws GST
Anti-profiteering in cinema ticket pricing: GST reduction had to be passed on, with interest only prospectively and no penalty.
April 18, 2026   Case Laws Income Tax
Restoration of appeal withdrawn under Vivad Se Vishwas Scheme allowed where the dispute had not been decided on merits.
April 18, 2026   Case Laws Income Tax
Penalty under section 270A cannot stand until immunity application is decided; prior immunity bars later penalty proceedings.
April 18, 2026   Case Laws Income Tax
Foreign tax credit verification restored after USA returns for 2022 and 2023 made full-year claim examinable.
April 18, 2026   Case Laws Income Tax
Penalty on a debatable lease premium claim fails where the High Court has already admitted the core legal issue.
April 18, 2026   Case Laws Income Tax
Section 10A and related deductions: Tribunal rejects separate-undertaking claim, but allows loss set-off, ESOP cost and foreign tax credit in principle.
April 18, 2026   Case Laws Income Tax
Fresh statutory deduction claims can be entertained on appeal if supported by documents, but verification of eligibility remains essential.
April 18, 2026   Case Laws Income Tax
Project-linked fixed deposit interest capitalised to work-in-progress, not taxed as income from other sources.
April 18, 2026   Case Laws Income Tax
Retrenchment compensation under BSNL's voluntary retirement scheme was held exempt as a capital receipt.
April 18, 2026   Case Laws Income Tax
Functional test for software expense, section 14A computation and Debenture Redemption Reserve treatment under MAT
April 18, 2026   Case Laws Customs
Hearing aid charging case classification upheld as accessory; extended limitation, confiscation, and penalty were set aside.
April 18, 2026   Case Laws Customs
Customs valuation and transaction value: direct-import duty demand set aside, high sea sale valuation and penalties remanded for fresh adjudication.
April 18, 2026   Case Laws Customs
Burden of proof in petroleum classification: department failed to justify reclassification from condensate to light oil.
April 18, 2026   Case Laws Customs
Injection moulding classification covers CKD/SKD foam production lines, with anti-dumping duty applying to integrated systems.
April 18, 2026   Case Laws Customs
Motor vehicle classification: Integrated Dynamic Brake treated as an accessory, not a brake part or automatic control instrument.
April 18, 2026   Case Laws Companies Law
Oppression and mismanagement claims fail where the petitioner consented to the transactions, and statutory breach was unproved.
April 18, 2026   Case Laws Companies Law
Fresh company petition barred by res judicata where prior liberty was limited and execution was the proper remedy.
April 18, 2026   Case Laws IBC
Time-bound moratorium under personal insolvency ends automatically, allowing execution to continue against a personal guarantor.
April 18, 2026   Case Laws IBC
Fraudulent trading liability upheld for withholding deducted employee dues held in trust, even without proof of personal gain.
April 18, 2026   Case Laws IBC
Limitation for personal guarantor insolvency starts with valid guarantee invocation and expiry of the payment period, not corporate debtor default

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Income Tax

Addition of income from other sources u/s 56(2)(viib) -...

Income from Share Allotment Exceeding FMV Not Taxable u/s 56(2)(viib), Rule 11UA(2) Applied.

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Income Tax June 26, 2019 Case Laws AT
Addition of income from other sources u/s 56(2)(viib) - allotment of shares at a price which exceeds fair market value (FMV) of the share - Revaluation reserves need not be deducted while calculating the fair market value, as per rule 11UA(2) - No additions.
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Acts Income Tax
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