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 15, 2026   Case Laws Income Tax
    CBDT reward claim for exceptional tax enforcement work to be reconsidered under a reasoned decision framework
    May 15, 2026   Case Laws Income Tax
    Reasoned stay orders are mandatory in tax demand cases; unreasoned instalment directions were set aside and remitted for fresh consideration.
    May 15, 2026   Case Laws Income Tax
    Debatable expenditure disallowance cannot by itself justify penalty for under-reporting where no inaccurate particulars were furnished.
    May 15, 2026   Case Laws Income Tax
    Ad hoc disallowance and bogus purchase additions deleted or restricted where records, banking payments, and sales were supported.
    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 impe...
❮
❯
❯❯
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 15, 2026   Case Laws Income Tax
CBDT reward claim for exceptional tax enforcement work to be reconsidered under a reasoned decision framework
May 15, 2026   Case Laws Income Tax
Reasoned stay orders are mandatory in tax demand cases; unreasoned instalment directions were set aside and remitted for fresh consideration.
May 15, 2026   Case Laws Income Tax
Debatable expenditure disallowance cannot by itself justify penalty for under-reporting where no inaccurate particulars were furnished.
May 15, 2026   Case Laws Income Tax
Ad hoc disallowance and bogus purchase additions deleted or restricted where records, banking payments, and sales were supported.
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.

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Home › Highlights › Income Tax › 2024 › January, 2024 › This
Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters
Income Tax

Addition u/s 68 - genuineness of the loan transaction - The...

Loan Transaction Validity Under Income Tax Act Examined; Lender's Deregistration Complicates Documentation.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Income Tax January 5, 2024 Case Laws HC
Addition u/s 68 - genuineness of the loan transaction - The submission that the AO should have issued notices to the lender i.e., GWPL does not impress us. The reason being that if the appellant/assessee was unable to produce the requisite material since the lender i.e., GWPL had been struck off from the Register of Companies, it would have been equally futile if notices had been issued by the AO. - HC
View Source View

Topics

Acts Income Tax
Next ➔