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    August 1, 2026   Case Laws GST
    Section 73 notice timing does not require a three-month notice-to-order gap; inconsistent tax assessments require fresh consideration.
    August 1, 2026   Case Laws GST
    Blocked input tax credit applies to GST on industrial-land lease premiums used to construct a taxpayer's factory building.
    August 1, 2026   Case Laws Income Tax
    Passenger carriage under presumptive shipping taxation includes round cruises despite ancillary on-board hospitality and entertainment services.
    August 1, 2026   Case Laws Income Tax
    Fixed place permanent establishment dispute remained undecided as the Special Leave Petition failed for unexplained filing delay.
    August 1, 2026   Case Laws Income Tax
    Wilful tax evasion requires conscious intent, not delayed payment where bona fide instalments and full settlement negate mens rea.
    August 1, 2026   Case Laws Income Tax
    General public utility status can extend to trade-promotion bodies where charitable purpose predominates over incidental member benefit.
    August 1, 2026   Case Laws Income Tax
    Deemed dividend rules exclude public Trusts from "concern" status, so shareholder-trustee loans ordinarily remain outside the provision.
    August 1, 2026   Case Laws Income Tax
    Section 153C limitation begins on transfer of records, and a later satisfaction note cannot defer assessment timelines.
    August 1, 2026   Case Laws Income Tax
    Scientific warranty estimation, grossed-up royalty tax and eligible in-house research expenditure deductions were accepted; notice-format challenge fa...
    August 1, 2026   Case Laws Income Tax
    Timeliness of Black Money Act notices: CBDT guideline breach invalidates delayed foreign asset assessment proceedings.
    August 1, 2026   Case Laws Income Tax
    CSR donations to approved institutions remain deductible, while advance-tax and refund interest computations require factual verification.
    August 1, 2026   Case Laws Income Tax
    Accrual-based consultancy income cannot be taxed twice merely because Form 26AS reflects tax credit in a later year.
    August 1, 2026   Case Laws Income Tax
    Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
    August 1, 2026   Case Laws Income Tax
    Year-specific evidence for chit investments and actual interest payments required; averaging uncorroborated statements cannot support additions.
    August 1, 2026   Case Laws Customs
    Knowledge of import misdeclaration must be corroborated before Customs Broker penalties for aiding duty evasion can stand.
    August 1, 2026   Case Laws Customs
    Valid offence reports and completed KYC protect Customs Brokers from revocation absent proof of overvaluation connivance or licensing breaches.
    August 1, 2026   Case Laws Customs
    Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
    August 1, 2026   Case Laws Customs
    Burden of proof for notified gold supports confiscation, while penalties require corroborated evidence of conscious dealing or abetment.
    August 1, 2026   Case Laws Customs
    Baggage-related customs confiscation orders require statutory revision, as Tribunal appellate jurisdiction is excluded for such disputes.
    August 1, 2026   Case Laws Companies Law
    Statutory auditor criminal liability requires designated responsibility, knowing false statements, or wilful default; negligence alone does not suffic...
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August 1, 2026   Case Laws GST
Section 73 notice timing does not require a three-month notice-to-order gap; inconsistent tax assessments require fresh consideration.
August 1, 2026   Case Laws GST
Blocked input tax credit applies to GST on industrial-land lease premiums used to construct a taxpayer's factory building.
August 1, 2026   Case Laws Income Tax
Passenger carriage under presumptive shipping taxation includes round cruises despite ancillary on-board hospitality and entertainment services.
August 1, 2026   Case Laws Income Tax
Fixed place permanent establishment dispute remained undecided as the Special Leave Petition failed for unexplained filing delay.
August 1, 2026   Case Laws Income Tax
Wilful tax evasion requires conscious intent, not delayed payment where bona fide instalments and full settlement negate mens rea.
August 1, 2026   Case Laws Income Tax
General public utility status can extend to trade-promotion bodies where charitable purpose predominates over incidental member benefit.
August 1, 2026   Case Laws Income Tax
Deemed dividend rules exclude public Trusts from "concern" status, so shareholder-trustee loans ordinarily remain outside the provision.
August 1, 2026   Case Laws Income Tax
Section 153C limitation begins on transfer of records, and a later satisfaction note cannot defer assessment timelines.
August 1, 2026   Case Laws Income Tax
Scientific warranty estimation, grossed-up royalty tax and eligible in-house research expenditure deductions were accepted; notice-format challenge failed.
August 1, 2026   Case Laws Income Tax
Timeliness of Black Money Act notices: CBDT guideline breach invalidates delayed foreign asset assessment proceedings.
August 1, 2026   Case Laws Income Tax
CSR donations to approved institutions remain deductible, while advance-tax and refund interest computations require factual verification.
August 1, 2026   Case Laws Income Tax
Accrual-based consultancy income cannot be taxed twice merely because Form 26AS reflects tax credit in a later year.
August 1, 2026   Case Laws Income Tax
Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowance.
August 1, 2026   Case Laws Income Tax
Year-specific evidence for chit investments and actual interest payments required; averaging uncorroborated statements cannot support additions.
August 1, 2026   Case Laws Customs
Knowledge of import misdeclaration must be corroborated before Customs Broker penalties for aiding duty evasion can stand.
August 1, 2026   Case Laws Customs
Valid offence reports and completed KYC protect Customs Brokers from revocation absent proof of overvaluation connivance or licensing breaches.
August 1, 2026   Case Laws Customs
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer.
August 1, 2026   Case Laws Customs
Burden of proof for notified gold supports confiscation, while penalties require corroborated evidence of conscious dealing or abetment.
August 1, 2026   Case Laws Customs
Baggage-related customs confiscation orders require statutory revision, as Tribunal appellate jurisdiction is excluded for such disputes.
August 1, 2026   Case Laws Companies Law
Statutory auditor criminal liability requires designated responsibility, knowing false statements, or wilful default; negligence alone does not suffice.

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GST

Input Tax Credit - sale and buyback transactions - payment is...

Book Adjustments Valid for Input Tax Credit in Sale and Buyback Deals Under GST Act.

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GST January 27, 2024 Case Laws AAR
Input Tax Credit - sale and buyback transactions - payment is settled through book adjustments against the debt - mutual debt settlement through book adjustments is a recognized and valid mode of payment under the GST Act. Therefore, claiming input tax credit cannot be denied solely on the grounds that consideration for the goods is paid through book adjustment. - AAR
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Acts Income Tax
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