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    June 6, 2026   Case Laws Income Tax
    Reassessment and successor liability upheld, but additions on investment sale proceeds deleted for lack of corroboration and denied cross-examination.
    June 6, 2026   Case Laws Income Tax
    CBDT circulars cannot override a possible view when concessionaire rights qualify as depreciable intangible assets.
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    Substantial Government financing under section 10(23C)(iiiab) must be tested on current-year grants under Rule 2BBB.
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    June 6, 2026   Case Laws Income Tax
    Unsigned penalty notice invalid where statutory signature requirement is mandatory and jurisdictional defect cannot be cured.
    June 6, 2026   Case Laws Income Tax
    Agricultural income exemption and unexplained investment issues remanded after failure to consider evidence and confront adverse material.
    June 6, 2026   Case Laws Income Tax
    SaaS product analytics receipts not taxable as royalty or FTS/FIS; ITAT deleted the addition and remitted TDS credit verification.
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    June 6, 2026   Case Laws Customs
    Prospective operation of import restrictions: e-Gazette publication time controls, so pre-publication consignments remain under the earlier policy.
    June 6, 2026   Case Laws Customs
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    June 6, 2026   Case Laws IBC
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    June 5, 2026   Notifications IBC
    Grievance and complaint handling rules updated under insolvency law, with revised definitions and board-notified complaint format.
    June 5, 2026   Notifications SEZ
    SEZ notification for Thattanchavady land also constitutes Approval Committee and deems the zone an Inland Container Depot
    June 5, 2026   Notifications IBC
    Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
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June 6, 2026   Case Laws Income Tax
Reassessment and successor liability upheld, but additions on investment sale proceeds deleted for lack of corroboration and denied cross-examination.
June 6, 2026   Case Laws Income Tax
CBDT circulars cannot override a possible view when concessionaire rights qualify as depreciable intangible assets.
June 6, 2026   Case Laws Income Tax
Substantial Government financing under section 10(23C)(iiiab) must be tested on current-year grants under Rule 2BBB.
June 6, 2026   Case Laws Income Tax
ERS/VRS compensation not taxable as profits in lieu of salary where payment was ex gratia on cessation of employment.
June 6, 2026   Case Laws Income Tax
Accrued interest under mercantile accounting taxed in the accrual year; reopening upheld on tangible material, not change of opinion.
June 6, 2026   Case Laws Income Tax
Third-party seized material needs corroboration; JDA-linked receipts cannot be taxed as income from other sources without transfer analysis.
June 6, 2026   Case Laws Income Tax
Tied-up government grant excluded from accumulation base for charitable trust exemption under section 11(1)(a)
June 6, 2026   Case Laws Income Tax
Unsigned penalty notice invalid where statutory signature requirement is mandatory and jurisdictional defect cannot be cured.
June 6, 2026   Case Laws Income Tax
Agricultural income exemption and unexplained investment issues remanded after failure to consider evidence and confront adverse material.
June 6, 2026   Case Laws Income Tax
SaaS product analytics receipts not taxable as royalty or FTS/FIS; ITAT deleted the addition and remitted TDS credit verification.
June 6, 2026   Case Laws Customs
Finality of SIT findings limits reopening, while prospective CITES import compliance directions strengthen future due diligence.
June 6, 2026   Case Laws Customs
Prospective operation of import restrictions: e-Gazette publication time controls, so pre-publication consignments remain under the earlier policy.
June 6, 2026   Case Laws Customs
Customs exemption upheld where substantive use condition was met despite failure to follow IGCR procedures.
June 6, 2026   Case Laws Customs
Circumstantial evidence in smuggling upheld penalty for misdeclared Ketamine export, but redemption fine was quashed.
June 6, 2026   Case Laws Customs
Customs Broker licensing procedure: delayed show cause notice beyond the prescribed period vitiated the penalty order.
June 6, 2026   Case Laws Customs
Customs Broker due diligence protects against penalty where exporter's misdeclaration was not known or colluded in.
June 6, 2026   Case Laws IBC
Resolution applicant eligibility: NPA-based disqualification is tested on plan submission date, and connected-person bar fails derivatively.
June 5, 2026   Notifications IBC
Grievance and complaint handling rules updated under insolvency law, with revised definitions and board-notified complaint format.
June 5, 2026   Notifications SEZ
SEZ notification for Thattanchavady land also constitutes Approval Committee and deems the zone an Inland Container Depot
June 5, 2026   Notifications IBC
Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedures.

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Income Tax

LTCG - Deduction u/s 54F - The physical structuring of the new...

Section 54F Deduction Applies Regardless of House Structure; Independent Units Not a Barrier to Tax Benefits.

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Income Tax December 10, 2020 Case Laws AT
LTCG - Deduction u/s 54F - The physical structuring of the new residential house, whether it is lateral or vertical, cannot come in the way of considering the building as a residential house. The fact that the residential house consists of several independent units cannot be permitted to act as an impediment to the allowance of the deduction u/s 54/54F. It is neither expressly nor by necessary implication prohibited. - AT
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Acts Income Tax
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