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    May 15, 2026   Case Laws Income Tax
    Capital gains computation under stamp duty valuation provisions requires verification of the true property transaction before any addition is made.
    May 15, 2026   Case Laws Income Tax
    Genuine sales supported by records defeat bogus-sales addition and estimated profit on alleged partnership firm transactions.
    May 15, 2026   Case Laws Income Tax
    Reclassification of loan balances and tax entries as book adjustments held outside sections 68 and 41(1).
    May 15, 2026   Case Laws Income Tax
    Weighted deduction under section 35(2AB): Form 3CL must guide quantification and cannot be treated as additional evidence in rectification.
    May 15, 2026   Case Laws Income Tax
    Actual agricultural use governs section 54B exemption, and revenue records alone cannot prove the claim without supporting evidence.
    May 15, 2026   Case Laws Income Tax
    Commercial expediency upheld for professional fees linked to OFAC-sensitive imports; disallowance deleted as genuine business expenditure.
    May 15, 2026   Case Laws Income Tax
    Capital gains computation corrected for year mismatch, duplicate sale entry, and co-owner's one-fifth share in sale consideration.
    May 15, 2026   Case Laws Income Tax
    Incriminating material and protective addition principles defeat estimated commission and unexplained expenditure additions in search assessment.
    May 15, 2026   Case Laws Income Tax
    Capital gains on development agreement fail where only a limited construction licence is granted and no effective transfer occurs.
    May 15, 2026   Case Laws Income Tax
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    May 15, 2026   Case Laws Customs
    Electronic evidence, origin certificates and customs valuation failed; the demand and related penalties could not survive.
    May 15, 2026   Case Laws Customs
    Provisional release of seized imported goods allowed on safeguards, while customs adjudication remains open and independent.
    May 15, 2026   Case Laws Customs
    MEIS duty credit scrips validly discharged past customs duty for cesses; cash recovery was barred as double recovery.
    May 15, 2026   Case Laws Customs
    Cross-examination and valid certificates of origin defeated the Revenue's case, leading to dismissal of the appeals.
    May 15, 2026   Case Laws Customs
    Mineral water classification under HSN 22011010 confirms 5 per cent GST for unsweetened, unflavoured bottled water.
    May 15, 2026   Case Laws Companies Law
    Proportionality in company penalty quantification requires aggravating and mitigating factors; mechanical multiplication of director liability is impe...
    May 15, 2026   Case Laws Money Laundering
    PMLA bail principles support release after investigation ends, complaint is filed, and continued custody lacks justification.
    May 15, 2026   Case Laws Indian Laws
    Arbitral award review under Section 34 stays narrow where delay, GST, wage escalation and ECC findings rest on a plausible contractual view.
    May 14, 2026   Case Laws GST
    Mandatory GST penalty under Section 122(1) upheld, with proportionality arguments rejected and statutory appeals preserved.
    May 14, 2026   Notifications Customs
    Customs duty and surcharge rates on precious-metal goods are revised, with new tariff entries and import conditions for spent catalyst.
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May 15, 2026   Case Laws Income Tax
Capital gains computation under stamp duty valuation provisions requires verification of the true property transaction before any addition is made.
May 15, 2026   Case Laws Income Tax
Genuine sales supported by records defeat bogus-sales addition and estimated profit on alleged partnership firm transactions.
May 15, 2026   Case Laws Income Tax
Reclassification of loan balances and tax entries as book adjustments held outside sections 68 and 41(1).
May 15, 2026   Case Laws Income Tax
Weighted deduction under section 35(2AB): Form 3CL must guide quantification and cannot be treated as additional evidence in rectification.
May 15, 2026   Case Laws Income Tax
Actual agricultural use governs section 54B exemption, and revenue records alone cannot prove the claim without supporting evidence.
May 15, 2026   Case Laws Income Tax
Commercial expediency upheld for professional fees linked to OFAC-sensitive imports; disallowance deleted as genuine business expenditure.
May 15, 2026   Case Laws Income Tax
Capital gains computation corrected for year mismatch, duplicate sale entry, and co-owner's one-fifth share in sale consideration.
May 15, 2026   Case Laws Income Tax
Incriminating material and protective addition principles defeat estimated commission and unexplained expenditure additions in search assessment.
May 15, 2026   Case Laws Income Tax
Capital gains on development agreement fail where only a limited construction licence is granted and no effective transfer occurs.
May 15, 2026   Case Laws Income Tax
Business expenditure claims turn on project-cost allocation, proof of trade purpose, and nexus with business activity.
May 15, 2026   Case Laws Customs
Electronic evidence, origin certificates and customs valuation failed; the demand and related penalties could not survive.
May 15, 2026   Case Laws Customs
Provisional release of seized imported goods allowed on safeguards, while customs adjudication remains open and independent.
May 15, 2026   Case Laws Customs
MEIS duty credit scrips validly discharged past customs duty for cesses; cash recovery was barred as double recovery.
May 15, 2026   Case Laws Customs
Cross-examination and valid certificates of origin defeated the Revenue's case, leading to dismissal of the appeals.
May 15, 2026   Case Laws Customs
Mineral water classification under HSN 22011010 confirms 5 per cent GST for unsweetened, unflavoured bottled water.
May 15, 2026   Case Laws Companies Law
Proportionality in company penalty quantification requires aggravating and mitigating factors; mechanical multiplication of director liability is impermissible.
May 15, 2026   Case Laws Money Laundering
PMLA bail principles support release after investigation ends, complaint is filed, and continued custody lacks justification.
May 15, 2026   Case Laws Indian Laws
Arbitral award review under Section 34 stays narrow where delay, GST, wage escalation and ECC findings rest on a plausible contractual view.
May 14, 2026   Case Laws GST
Mandatory GST penalty under Section 122(1) upheld, with proportionality arguments rejected and statutory appeals preserved.
May 14, 2026   Notifications Customs
Customs duty and surcharge rates on precious-metal goods are revised, with new tariff entries and import conditions for spent catalyst.

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Income Tax

Benefit of exemption u/s 54B - investment on agricultural land...

Section 54B Tax Exemption Denied for Investments in Spouse's Name; Must Be in Assessee's Name Only.

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Income Tax January 8, 2020 Case Laws AT
Benefit of exemption u/s 54B - investment on agricultural land made in the name of spouse of the assessee - In view of the clear provisions, investment made by any other person particularly the spouse of the assessee, cannot be entitled for deduction u/s 54B.
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Acts Income Tax
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