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    July 28, 2026   Case Laws Income Tax
    Tax deducted at source must be considered before prosecuting delayed return filing where the statutory exception applies.
    July 28, 2026   Case Laws Income Tax
    Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
    July 28, 2026   Case Laws Income Tax
    Notional interest under mercantile accounting cannot be imputed where debtors lack business activity and interest recovery is unsupported.
    July 28, 2026   Case Laws Income Tax
    India-Netherlands treaty taxation: executive search fees and cost reimbursements may fall outside technical services taxation.
    July 28, 2026   Case Laws Income Tax
    Kachha arhtia turnover excludes principals' sale proceeds; tax-audit penalty fails where no books existed for audit.
    July 28, 2026   Case Laws Income Tax
    Foreign income taxed in final settlement proceedings cannot be reassessed under the Black Money Act, preventing double taxation.
    July 28, 2026   Case Laws Income Tax
    Outright software purchases treated as business profits, eliminating withholding where the foreign seller lacks an Indian permanent establishment.
    July 28, 2026   Case Laws Income Tax
    Interest on partners' running accounts and lender accruals remains deductible where tax is deducted and recipients report income.
    July 28, 2026   Case Laws Income Tax
    Business closure expenditure fails the section 37(1) test, while unsupported estimated foreign exchange loss disallowance cannot stand.
    July 28, 2026   Case Laws Income Tax
    Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
    July 28, 2026   Case Laws Income Tax
    Interest accrual, related investment disallowance, loan genuineness and unquoted-share valuation govern the respective tax adjustments and remand.
    July 28, 2026   Case Laws Income Tax
    Independent corroboration and proven nexus govern additions based on retracted statements, loose sheets, and third-party records.
    July 28, 2026   Case Laws Income Tax
    Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
    July 28, 2026   Case Laws Income Tax
    Bad-debt deduction for share-broking client dues is available on account write-off without proving actual irrecoverability.
    July 28, 2026   Case Laws Customs
    Show cause notice limits and unreliable statements resulted in penalties for alleged courier-based gold smuggling being set aside.
    July 28, 2026   Case Laws Customs
    Customs confiscation requires specific notice, hearing and proof of import contravention before penalties or redemption fine may arise.
    July 28, 2026   Case Laws IBC
    Prior approval for liquidator-initiated arbitration is mandatory, but post facto approval makes invocation effective from the approval date.
    July 28, 2026   Case Laws IBC
    Reasoned fraud-classification orders must address defences; proceedings against an uninvolved former director could not be restarted.
    July 28, 2026   Case Laws Money Laundering
    Prolonged incarceration and delayed trial supported regular bail in money-laundering proceedings involving old alleged transactions.
    July 28, 2026   Case Laws Money Laundering
    Inherently perverse bail orders may be cancelled without post-release misconduct where mandatory money-laundering bail conditions were ignored.
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July 28, 2026   Case Laws Income Tax
Tax deducted at source must be considered before prosecuting delayed return filing where the statutory exception applies.
July 28, 2026   Case Laws Income Tax
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relevant date.
July 28, 2026   Case Laws Income Tax
Notional interest under mercantile accounting cannot be imputed where debtors lack business activity and interest recovery is unsupported.
July 28, 2026   Case Laws Income Tax
India-Netherlands treaty taxation: executive search fees and cost reimbursements may fall outside technical services taxation.
July 28, 2026   Case Laws Income Tax
Kachha arhtia turnover excludes principals' sale proceeds; tax-audit penalty fails where no books existed for audit.
July 28, 2026   Case Laws Income Tax
Foreign income taxed in final settlement proceedings cannot be reassessed under the Black Money Act, preventing double taxation.
July 28, 2026   Case Laws Income Tax
Outright software purchases treated as business profits, eliminating withholding where the foreign seller lacks an Indian permanent establishment.
July 28, 2026   Case Laws Income Tax
Interest on partners' running accounts and lender accruals remains deductible where tax is deducted and recipients report income.
July 28, 2026   Case Laws Income Tax
Business closure expenditure fails the section 37(1) test, while unsupported estimated foreign exchange loss disallowance cannot stand.
July 28, 2026   Case Laws Income Tax
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported adjustments failed.
July 28, 2026   Case Laws Income Tax
Interest accrual, related investment disallowance, loan genuineness and unquoted-share valuation govern the respective tax adjustments and remand.
July 28, 2026   Case Laws Income Tax
Independent corroboration and proven nexus govern additions based on retracted statements, loose sheets, and third-party records.
July 28, 2026   Case Laws Income Tax
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual business use.
July 28, 2026   Case Laws Income Tax
Bad-debt deduction for share-broking client dues is available on account write-off without proving actual irrecoverability.
July 28, 2026   Case Laws Customs
Show cause notice limits and unreliable statements resulted in penalties for alleged courier-based gold smuggling being set aside.
July 28, 2026   Case Laws Customs
Customs confiscation requires specific notice, hearing and proof of import contravention before penalties or redemption fine may arise.
July 28, 2026   Case Laws IBC
Prior approval for liquidator-initiated arbitration is mandatory, but post facto approval makes invocation effective from the approval date.
July 28, 2026   Case Laws IBC
Reasoned fraud-classification orders must address defences; proceedings against an uninvolved former director could not be restarted.
July 28, 2026   Case Laws Money Laundering
Prolonged incarceration and delayed trial supported regular bail in money-laundering proceedings involving old alleged transactions.
July 28, 2026   Case Laws Money Laundering
Inherently perverse bail orders may be cancelled without post-release misconduct where mandatory money-laundering bail conditions were ignored.

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Income Tax

Weighted deduction u/s 35(2AB) - Tribunal has noted that,...

Tribunal Affirms Deductibility of Revenue Expenses u/s 37 Despite Lack of DSIR Approval u/s 35(2AB.

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Income Tax February 6, 2024 Case Laws AT
Weighted deduction u/s 35(2AB) - Tribunal has noted that, Revenue expenditure which was not approved for weighted deduction by DSIR was directed to be allowable as Revenue expenditure under section 37 of the Act while computing the income of the assessee by the ld. CIT (Appeals) - AO has not questioned the genuineness and allowability of these expenses - Consequently, the tribunal sustained the order of CIT(A)
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