Just a moment...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    May 28, 2026   Case Laws GST
    Puja samagri exemption is narrowly construed; rose water sold for ritual use was classified as taxable essential oil solution.
    May 28, 2026   Case Laws GST
    GST on temple licence to collect human hair held taxable as a service; goods exemption did not apply.
    May 28, 2026   Case Laws Income Tax
    Wilful failure to deposit TDS can sustain prosecution where notice was duly served and non-compliance continued.
    May 28, 2026   Case Laws Income Tax
    Retrospective reassessment amendment challenge remitted for fresh consideration, with liberty to contest section 147A and related provisions.
    May 28, 2026   Case Laws Income Tax
    Section 43B deduction for GST payable allowed if paid before return due date, despite audit report showing liability outstanding.
    May 28, 2026   Case Laws Income Tax
    Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
    May 28, 2026   Case Laws Income Tax
    Taxing only profit from suppressed turnover and avoiding double addition under section 69C in unaccounted sales cases
    May 28, 2026   Case Laws Income Tax
    TDS correction statements and 234E fee levy before 01.06.2015 were held unsustainable by the ITAT.
    May 28, 2026   Case Laws Income Tax
    Section 153C jurisdiction fails for pre-block year and post-2021 initiation, quashing assessments under search provisions.
    May 28, 2026   Case Laws Income Tax
    Documentary proof of loan transaction defeated unexplained cash credit addition based on suspicion and third-party information.
    May 28, 2026   Case Laws Income Tax
    Depreciation on goodwill from amalgamation remained allowable for pre-amendment years under settled law.
    May 28, 2026   Case Laws Customs
    Bluetooth wireless headsets classified as network transmission apparatus, with reclassification and consequential duty demand set aside.
    May 28, 2026   Case Laws Customs
    Customs valuation excludes post-import franchise fees and buyer-paid marketing spend; extended limitation was unavailable on disclosed facts.
    May 28, 2026   Case Laws Customs
    Worked mica classification upheld for live consignments, but past demands, extended limitation, confiscation and penalties were rejected.
    May 28, 2026   Case Laws Customs
    Specific tariff heading for LCD panels prevails over motor-vehicle parts classification; misdeclaration and extended limitation also fail.
    May 28, 2026   Case Laws Customs
    Customs broker due diligence failed on forged duty credit scrips, so penalty under section 114AA was upheld.
    May 28, 2026   Case Laws IBC
    Contempt jurisdiction demands prima facie satisfaction, specific notice, and identification of individual contemnors before civil imprisonment.
    May 28, 2026   Case Laws IBC
    CIRP cooperation and mortgage priority preserved while project construction continues for homebuyers
    May 28, 2026   Case Laws IBC
    Commercial wisdom of creditors shields resolution plans from judicial reappraisal; later statutory dues issues can be implemented in approval.
    May 28, 2026   Case Laws FEMA
    FEMA seizure power upheld for foreign property held on the seizure date, but release allowed after repatriation of equivalent value.
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Open Link
Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
May 28, 2026   Case Laws GST
Puja samagri exemption is narrowly construed; rose water sold for ritual use was classified as taxable essential oil solution.
May 28, 2026   Case Laws GST
GST on temple licence to collect human hair held taxable as a service; goods exemption did not apply.
May 28, 2026   Case Laws Income Tax
Wilful failure to deposit TDS can sustain prosecution where notice was duly served and non-compliance continued.
May 28, 2026   Case Laws Income Tax
Retrospective reassessment amendment challenge remitted for fresh consideration, with liberty to contest section 147A and related provisions.
May 28, 2026   Case Laws Income Tax
Section 43B deduction for GST payable allowed if paid before return due date, despite audit report showing liability outstanding.
May 28, 2026   Case Laws Income Tax
Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expenses.
May 28, 2026   Case Laws Income Tax
Taxing only profit from suppressed turnover and avoiding double addition under section 69C in unaccounted sales cases
May 28, 2026   Case Laws Income Tax
TDS correction statements and 234E fee levy before 01.06.2015 were held unsustainable by the ITAT.
May 28, 2026   Case Laws Income Tax
Section 153C jurisdiction fails for pre-block year and post-2021 initiation, quashing assessments under search provisions.
May 28, 2026   Case Laws Income Tax
Documentary proof of loan transaction defeated unexplained cash credit addition based on suspicion and third-party information.
May 28, 2026   Case Laws Income Tax
Depreciation on goodwill from amalgamation remained allowable for pre-amendment years under settled law.
May 28, 2026   Case Laws Customs
Bluetooth wireless headsets classified as network transmission apparatus, with reclassification and consequential duty demand set aside.
May 28, 2026   Case Laws Customs
Customs valuation excludes post-import franchise fees and buyer-paid marketing spend; extended limitation was unavailable on disclosed facts.
May 28, 2026   Case Laws Customs
Worked mica classification upheld for live consignments, but past demands, extended limitation, confiscation and penalties were rejected.
May 28, 2026   Case Laws Customs
Specific tariff heading for LCD panels prevails over motor-vehicle parts classification; misdeclaration and extended limitation also fail.
May 28, 2026   Case Laws Customs
Customs broker due diligence failed on forged duty credit scrips, so penalty under section 114AA was upheld.
May 28, 2026   Case Laws IBC
Contempt jurisdiction demands prima facie satisfaction, specific notice, and identification of individual contemnors before civil imprisonment.
May 28, 2026   Case Laws IBC
CIRP cooperation and mortgage priority preserved while project construction continues for homebuyers
May 28, 2026   Case Laws IBC
Commercial wisdom of creditors shields resolution plans from judicial reappraisal; later statutory dues issues can be implemented in approval.
May 28, 2026   Case Laws FEMA
FEMA seizure power upheld for foreign property held on the seizure date, but release allowed after repatriation of equivalent value.

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Home › Highlights › Income Tax › 2019 › December, 2019 › This
Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters
Income Tax

Addition on account of forfeiture of advance - nature of...

Advance Forfeiture in Business Classified as Legitimate Loss under Income Tax Considerations.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Income Tax December 31, 2019 Case Laws HC
Addition on account of forfeiture of advance - nature of expenses - for whatever reason, the advance given was forfeited. In this view of the matter, the advance given in the ordinary course of business has been rightly treated as loss incurred by the company.
View Source View

Topics

Acts Income Tax
Next ➔