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    July 30, 2026   Case Laws Companies Law
    Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
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    Anti-dumping duty on Low Ash Metallurgical Coke applies to specified imports, with conditional exemptions for defined industrial uses.
    July 29, 2026   Notifications Income Tax
    Specified income exemption for the real estate regulatory authority depends on non-commercial activity, return filing, and unchanged income sources.
    July 29, 2026   Notifications Income Tax
    Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
    July 29, 2026   Notifications Income Tax
    Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
    July 29, 2026   Case Laws GST
    Statutory personal hearing in GST adjudication requires a specified date, time and venue before adverse orders are issued.
    July 29, 2026   Case Laws GST
    Condonation of delay in GST appeals restored access to merits review where timely filing was beyond control.
    July 29, 2026   Case Laws GST
    Temporary GST portal access must enable electronic statutory appeals; authority expected to decide the ID application within 30 days.
    July 29, 2026   Case Laws GST
    Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
    July 29, 2026   Case Laws GST
    Condonation of delay in GST appeals enabled restoration for merits adjudication despite objections over statutory authority to condone.
    July 29, 2026   Case Laws GST
    Additional input tax credit benefits passed beyond the required level prevented a profiteering finding for pre-GST homebuyers.
    July 29, 2026   Case Laws Income Tax
    Misreporting penalty notices must state their factual basis; unsupported allegations cannot sustain enhanced tax penalties.
    July 29, 2026   Case Laws Income Tax
    Live nexus with the assessee is essential before seized broker records can support reassessment for alleged unrecorded consideration.
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July 30, 2026   Case Laws Companies Law
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determination.
July 30, 2026   Case Laws FEMA
Penalty discretion under FEMA remains intact where a reasoned order is supported by evidence and inadequacy is unproven.
July 30, 2026   Case Laws Money Laundering
Pre-cognizance hearing under BNSS applies to PMLA complaints, requiring proposed accused to be heard before cognizance is taken.
July 30, 2026   Case Laws Money Laundering
Proceeds of crime are foundational to money-laundering proceedings, which cannot continue after final discharge in the scheduled offence.
July 30, 2026   Case Laws Service Tax
Licensing pre-existing know-how is not consulting engineer service, and pre-section 66A reverse-charge demands fail without statutory authority.
July 30, 2026   Case Laws VAT / Sales Tax
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without supporting evidence.
July 30, 2026   Case Laws VAT / Sales Tax
Director liability for company tax dues requires statutory inquiry, with the Director proving absence of negligence or misconduct.
July 29, 2026   Notifications SEZ
SEZ bifurcation and partial de-notification restructure the Manikonda technology zone into two separately delineated IT-enabled services areas.
July 29, 2026   Notifications Customs
Anti-dumping duty on Low Ash Metallurgical Coke applies to specified imports, with conditional exemptions for defined industrial uses.
July 29, 2026   Notifications Income Tax
Specified income exemption for the real estate regulatory authority depends on non-commercial activity, return filing, and unchanged income sources.
July 29, 2026   Notifications Income Tax
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return filing.
July 29, 2026   Notifications Income Tax
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing compliance.
July 29, 2026   Case Laws GST
Statutory personal hearing in GST adjudication requires a specified date, time and venue before adverse orders are issued.
July 29, 2026   Case Laws GST
Condonation of delay in GST appeals restored access to merits review where timely filing was beyond control.
July 29, 2026   Case Laws GST
Temporary GST portal access must enable electronic statutory appeals; authority expected to decide the ID application within 30 days.
July 29, 2026   Case Laws GST
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing deadline.
July 29, 2026   Case Laws GST
Condonation of delay in GST appeals enabled restoration for merits adjudication despite objections over statutory authority to condone.
July 29, 2026   Case Laws GST
Additional input tax credit benefits passed beyond the required level prevented a profiteering finding for pre-GST homebuyers.
July 29, 2026   Case Laws Income Tax
Misreporting penalty notices must state their factual basis; unsupported allegations cannot sustain enhanced tax penalties.
July 29, 2026   Case Laws Income Tax
Live nexus with the assessee is essential before seized broker records can support reassessment for alleged unrecorded consideration.

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Income Tax

Penalty u/s 271AAB - Section 271AAB of the Act, contemplates...

Penalty u/s 271AAB Invalid Without Statement u/s 132(4) by Assessee.

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Income Tax December 7, 2020 Case Laws AT
Penalty u/s 271AAB - Section 271AAB of the Act, contemplates imposition of a penalty pursuant to the disclosure of income in statement recorded u/s. 132(4) of the Act by the assessee. It is an admitted fact that no such statement has been recorded from the assessee. Thus, on this ground also, the levy of penalty fails. - AT
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Acts Income Tax
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