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    May 13, 2026   Case Laws Income Tax
    Appellate claim for interest deduction upheld where borrowed funds were used for business and revised return was unnecessary.
    May 13, 2026   Case Laws Income Tax
    Transfer pricing and tax disallowance disputes: Tribunal deleted key adjustments, while remanding electricity, book profit, and interest issues.
    May 13, 2026   Case Laws Income Tax
    Section 54 deduction denied where a plinth lease did not amount to a residential house and construction was not shown within time.
    May 13, 2026   Case Laws Income Tax
    Real income principle excludes facilitator's interest income, but TDS credit claim fails without proof of pass-through to lenders.
    May 13, 2026   Case Laws Income Tax
    TDS classification of ambulance and contract services turns on contractual terms, professional service character, and proper examination.
    May 13, 2026   Case Laws Income Tax
    Section 50C and stock-in-trade: deemed sale value depends on whether real estate land was held as business inventory.
    May 13, 2026   Case Laws Income Tax
    Irrevocability of charitable trusts cannot be denied for absent clauses; Form 10AB answer not a specified violation.
    May 13, 2026   Case Laws Income Tax
    Rejection of books and profit estimation: unsupported salary register discrepancies upheld, but arbitrary net profit rate reduced to 3 per cent
    May 13, 2026   Case Laws Benami Property
    Benami transaction definition applied to flats held in others' names; provisional attachment upheld after the 2016 amendment.
    May 12, 2026   Circulars DGFT
    Preferential Certificate of Origin rules expanded for India-UK CETA by adding authorised issuing agencies and product coverage.
    May 12, 2026   Circulars DGFT
    Certificate of Origin under India-UK CETA now allowed through exporter self-declaration alongside authorised agency issuance.
    May 12, 2026   Case Laws GST
    Speaking and reasoned order required where assessment ignored taxpayer's reply and supporting documents
    May 12, 2026   Case Laws GST
    GST refund on rejected seed sales: tax not payable, retention impermissible, and refund to follow prescribed Form RFD-01 procedure.
    May 12, 2026   Case Laws GST
    GST assessment orders without a DIN were invalidated, and delayed writ relief was entertained subject to partial tax deposit.
    May 12, 2026   Case Laws GST
    Unsigned GST assessment orders are inherently defective; delayed writ relief may be entertained with partial tax deposit and remand.
    May 12, 2026   Case Laws GST
    Ex parte assessment and late fee liability remitted for fresh consideration after conditional deposit and reply to notice.
    May 12, 2026   Case Laws GST
    Rule 86A cannot be used for negative blocking of the electronic credit ledger; blocked credit must be restored.
    May 12, 2026   Case Laws GST
    Composite GST notices, mandatory limitation, and same-subject bar: HC upheld valid notices but quashed overlapping proceedings and unauthorised withho...
    May 12, 2026   Case Laws GST
    Coursera user licences classified as licensing services, not education service, so the exemption was denied.
    May 12, 2026   Case Laws GST
    Restaurant service GST includes packaged drinking water value; 5% rate applies if input tax credit is not availed.
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May 13, 2026   Case Laws Income Tax
Appellate claim for interest deduction upheld where borrowed funds were used for business and revised return was unnecessary.
May 13, 2026   Case Laws Income Tax
Transfer pricing and tax disallowance disputes: Tribunal deleted key adjustments, while remanding electricity, book profit, and interest issues.
May 13, 2026   Case Laws Income Tax
Section 54 deduction denied where a plinth lease did not amount to a residential house and construction was not shown within time.
May 13, 2026   Case Laws Income Tax
Real income principle excludes facilitator's interest income, but TDS credit claim fails without proof of pass-through to lenders.
May 13, 2026   Case Laws Income Tax
TDS classification of ambulance and contract services turns on contractual terms, professional service character, and proper examination.
May 13, 2026   Case Laws Income Tax
Section 50C and stock-in-trade: deemed sale value depends on whether real estate land was held as business inventory.
May 13, 2026   Case Laws Income Tax
Irrevocability of charitable trusts cannot be denied for absent clauses; Form 10AB answer not a specified violation.
May 13, 2026   Case Laws Income Tax
Rejection of books and profit estimation: unsupported salary register discrepancies upheld, but arbitrary net profit rate reduced to 3 per cent
May 13, 2026   Case Laws Benami Property
Benami transaction definition applied to flats held in others' names; provisional attachment upheld after the 2016 amendment.
May 12, 2026   Circulars DGFT
Preferential Certificate of Origin rules expanded for India-UK CETA by adding authorised issuing agencies and product coverage.
May 12, 2026   Circulars DGFT
Certificate of Origin under India-UK CETA now allowed through exporter self-declaration alongside authorised agency issuance.
May 12, 2026   Case Laws GST
Speaking and reasoned order required where assessment ignored taxpayer's reply and supporting documents
May 12, 2026   Case Laws GST
GST refund on rejected seed sales: tax not payable, retention impermissible, and refund to follow prescribed Form RFD-01 procedure.
May 12, 2026   Case Laws GST
GST assessment orders without a DIN were invalidated, and delayed writ relief was entertained subject to partial tax deposit.
May 12, 2026   Case Laws GST
Unsigned GST assessment orders are inherently defective; delayed writ relief may be entertained with partial tax deposit and remand.
May 12, 2026   Case Laws GST
Ex parte assessment and late fee liability remitted for fresh consideration after conditional deposit and reply to notice.
May 12, 2026   Case Laws GST
Rule 86A cannot be used for negative blocking of the electronic credit ledger; blocked credit must be restored.
May 12, 2026   Case Laws GST
Composite GST notices, mandatory limitation, and same-subject bar: HC upheld valid notices but quashed overlapping proceedings and unauthorised withholding.
May 12, 2026   Case Laws GST
Coursera user licences classified as licensing services, not education service, so the exemption was denied.
May 12, 2026   Case Laws GST
Restaurant service GST includes packaged drinking water value; 5% rate applies if input tax credit is not availed.

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Income Tax

Penalty u/s 271(1)(c) - MAT - Book profit u/s 115JB - The...

Penalty u/s 271(1)(c) Not Imposed for Debatable MAT and Book Profit Issues u/s 115JB.

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Income Tax September 5, 2019 Case Laws AT
Penalty u/s 271(1)(c) - MAT - Book profit u/s 115JB - The inclusion or otherwise of the capital gains in the capital reserve account directly without routing it through the profit and loss account is a debatable issue and no penalty can be levied basing on that issue. - AT
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