Corroboration of seized loose sheets is essential; unsupported fee additions and extrapolations cannot survive factual scrutiny.

Reassessment on suspicious transaction reports fails where partner capital withdrawals lack material showing income escapement or bogus entries.

Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...

Unauthorised supervisory approval vitiates a survey-based assessment by undermining the Assessing Officer's independent quasi-judicial discretion.

Depreciation option claims with full disclosure and bona fide revision do not establish inaccurate income particulars for penalty.

International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...

Asset-based escaped-income satisfaction is mandatory for extended Section 153C jurisdiction; a cash-transaction note alone invalidates the assessment.

Arm's length pricing for corporate guarantees and foreign-currency receivables applies a reduced commission, LIBOR benchmark, and credit period.

Agricultural land character at transfer determines capital-gains treatment despite purchaser obtaining later non-agricultural-use permission.

Accommodation-entry interest is disallowed, but tax withholding is excluded and unsupported estimated commission additions fail.

Transitional reassessment limitation preserves the old regime's time bar, invalidating notices issued after the applicable period expired.

Deemed annual value of completed unsold developer units must use municipal rateable value, subject to verified purchaser-advance exclusions.

Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...

Benami share attachment upheld on traced funding and control, while unlisted demat shares required release to their rightful owner.

Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...

SAFTA certificate of origin benefit survived compelled relinquishment, invalidating reassessment, duty demand, confiscation and penalties for imported...

Social Welfare Surcharge follows aggregate customs duty payable, making it inapplicable where MEIS or SEIS exemptions reduce duty to nil.

Transaction value follows the renegotiated price actually paid by an unrelated subsequent importer after the original consignee defaults.

Related-party customs valuation requires deductive redetermination where undisclosed funding discounts undermine the declared transaction value.

Moratorium asset restoration permits consequential directions to replenish the insolvency estate despite no finding of fraudulent trading.