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    July 1, 2026   Case Laws GST
    Scrutiny-based tax notices for unreconciled input credit can proceed separately from earlier audit proceedings at the notice stage.
    July 1, 2026   Case Laws GST
    GST extended limitation and legal representative liability sustained, while ex parte assessment orders were remanded for fresh consideration.
    July 1, 2026   Case Laws GST
    Wrongful input tax credit availment and reverse charge default justified Section 74 invocation under GST
    July 1, 2026   Case Laws GST
    Writ jurisdiction to condone appellate delay beyond statutory GST limits preserves the right to have cancellation appeals heard.
    July 1, 2026   Case Laws GST
    Liquidated damages recovered for transport defaults are compensatory and not taxable as supply of services under GST.
    July 1, 2026   Case Laws Income Tax
    Form 10E-based relief for voluntary retirement compensation must be claimed by employees; employer need not refund TDS.
    July 1, 2026   Case Laws Income Tax
    Refund Interest on Seized Cash: delay after search cannot be excused by absence of assessment
    July 1, 2026   Case Laws Income Tax
    Misreporting penalty under section 270A needs a specific statutory limb and clear linkage to the additions before it can survive.
    July 1, 2026   Case Laws Income Tax
    Reasonable cause shields tax audit default where consistent treatment of bank interest supported bona fide belief.
    July 1, 2026   Case Laws Income Tax
    Deduction for interest on income-tax refunds to a co-operative society upheld as income attributable to member banking activity
    July 1, 2026   Case Laws Income Tax
    Borrowed satisfaction in reassessment cannot stand where reopening rests on incorrect facts and uncorroborated statements
    July 1, 2026   Case Laws Income Tax
    Recorded satisfaction is mandatory before penalty for cash loan acceptance; absence of it renders the penalty unsustainable.
    July 1, 2026   Case Laws Income Tax
    GST refund not taxable under exclusive accounting method when refund was never claimed through profit and loss account.
    July 1, 2026   Case Laws Income Tax
    Recorded satisfaction before Rule 8D invocation is mandatory; disallowance beyond voluntary exemption-related spending was unsustainable.
    July 1, 2026   Case Laws Income Tax
    Retrospective tolerance band under section 50C applied to curb minor stamp duty mismatches in capital gains computation.
    July 1, 2026   Case Laws Income Tax
    Agricultural income exemption turns on audited bifurcation; separate disclosure supported exemption and the business-income addition was deleted.
    July 1, 2026   Case Laws Customs
    SFIS scrip utilisation relief sought for IGST/BSD payment, with representations ordered for consideration and status quo maintained.
    July 1, 2026   Case Laws Customs
    Pre-shipment inspection defect did not make scrap prohibited goods; confiscation and penalties were set aside.
    July 1, 2026   Case Laws Customs
    Joint and several customs duty liability requires finding the actual defaulter before duty and penalties can be imposed.
    July 1, 2026   Case Laws Customs
    Mandatory verification procedure governs rejection of country-of-origin certificates before denying preferential customs exemption and related penalti...
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July 1, 2026   Case Laws GST
Scrutiny-based tax notices for unreconciled input credit can proceed separately from earlier audit proceedings at the notice stage.
July 1, 2026   Case Laws GST
GST extended limitation and legal representative liability sustained, while ex parte assessment orders were remanded for fresh consideration.
July 1, 2026   Case Laws GST
Wrongful input tax credit availment and reverse charge default justified Section 74 invocation under GST
July 1, 2026   Case Laws GST
Writ jurisdiction to condone appellate delay beyond statutory GST limits preserves the right to have cancellation appeals heard.
July 1, 2026   Case Laws GST
Liquidated damages recovered for transport defaults are compensatory and not taxable as supply of services under GST.
July 1, 2026   Case Laws Income Tax
Form 10E-based relief for voluntary retirement compensation must be claimed by employees; employer need not refund TDS.
July 1, 2026   Case Laws Income Tax
Refund Interest on Seized Cash: delay after search cannot be excused by absence of assessment
July 1, 2026   Case Laws Income Tax
Misreporting penalty under section 270A needs a specific statutory limb and clear linkage to the additions before it can survive.
July 1, 2026   Case Laws Income Tax
Reasonable cause shields tax audit default where consistent treatment of bank interest supported bona fide belief.
July 1, 2026   Case Laws Income Tax
Deduction for interest on income-tax refunds to a co-operative society upheld as income attributable to member banking activity
July 1, 2026   Case Laws Income Tax
Borrowed satisfaction in reassessment cannot stand where reopening rests on incorrect facts and uncorroborated statements
July 1, 2026   Case Laws Income Tax
Recorded satisfaction is mandatory before penalty for cash loan acceptance; absence of it renders the penalty unsustainable.
July 1, 2026   Case Laws Income Tax
GST refund not taxable under exclusive accounting method when refund was never claimed through profit and loss account.
July 1, 2026   Case Laws Income Tax
Recorded satisfaction before Rule 8D invocation is mandatory; disallowance beyond voluntary exemption-related spending was unsustainable.
July 1, 2026   Case Laws Income Tax
Retrospective tolerance band under section 50C applied to curb minor stamp duty mismatches in capital gains computation.
July 1, 2026   Case Laws Income Tax
Agricultural income exemption turns on audited bifurcation; separate disclosure supported exemption and the business-income addition was deleted.
July 1, 2026   Case Laws Customs
SFIS scrip utilisation relief sought for IGST/BSD payment, with representations ordered for consideration and status quo maintained.
July 1, 2026   Case Laws Customs
Pre-shipment inspection defect did not make scrap prohibited goods; confiscation and penalties were set aside.
July 1, 2026   Case Laws Customs
Joint and several customs duty liability requires finding the actual defaulter before duty and penalties can be imposed.
July 1, 2026   Case Laws Customs
Mandatory verification procedure governs rejection of country-of-origin certificates before denying preferential customs exemption and related penalties.

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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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