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    July 16, 2026   Case Laws GST
    Statutory GST liability overrides works-contract reimbursement disputes, limiting contractual claims and barring non-statutory return or waiver relief...
    July 16, 2026   Case Laws GST
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July 16, 2026   Case Laws GST
Statutory GST liability overrides works-contract reimbursement disputes, limiting contractual claims and barring non-statutory return or waiver relief.
July 16, 2026   Case Laws GST
E-way bill compliance applies to machinery returned for testing under delivery challans, despite no taxable supply arising.
July 16, 2026   Case Laws GST
Excess input tax credit beyond reflected supplier data attracts extended-period assessment, interest and penalty; turnover mismatch requires documentary support.
July 16, 2026   Case Laws GST
Arrest authorisation under GST law is required before anticipatory bail can be considered, with limited interim protection available.
July 16, 2026   Case Laws GST
Condonation beyond the statutory appeal-delay cap under GST awaits consideration after analogous appeals are placed before the Tribunal.
July 16, 2026   Case Laws Income Tax
Effective hearing in faceless reassessment requires notices to reach the assessee, prompting remand for fresh assessment proceedings.
July 16, 2026   Case Laws Income Tax
Wilful tax-payment evasion requires evidence beyond delayed payment; financial constraints and later payment negate prosecution.
July 16, 2026   Case Laws Income Tax
Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limits.
July 16, 2026   Case Laws Income Tax
Closing stock bank statements alone cannot justify tax additions where books are sound and valuation differences are reconciled.
July 16, 2026   Case Laws Income Tax
Penalty recovery stay: delayed TDS deduction and remittance may not attract Section 271C, pending appellate determination.
July 16, 2026   Case Laws Income Tax
Interest on delayed statutory payments is deductible only where the underlying liability qualifies as business expenditure.
July 16, 2026   Case Laws Income Tax
Futures and options turnover computation kept derivatives activity below the tax-audit threshold, resulting in deletion of non-furnishing penalty.
July 16, 2026   Case Laws Income Tax
Share premium valuation requires examination of supporting reports, while limited scrutiny restricts additions beyond the selected issues.
July 16, 2026   Case Laws Income Tax
Revision limitation for issues outside reassessment runs from the original assessment, rendering delayed revision proceedings time-barred.
July 16, 2026   Case Laws Income Tax
Per-payment TDS threshold limits online gaming withholding, while unclaimed player payouts cannot trigger expenditure disallowance under tax law.
July 16, 2026   Case Laws Income Tax
Section 87A rebate remains available against short-term capital gains where the relevant law contained no express exclusion.
July 16, 2026   Case Laws Income Tax
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protection.
July 16, 2026   Case Laws Income Tax
Estimated business expenditure for unsupported commission expenses increased after considering the nature and circumstances of commission activities.
July 16, 2026   Case Laws Income Tax
Intra-group software licence costs require evidence of actual use, while comparable selection must reflect functional and scale differences.
July 16, 2026   Case Laws Customs
Reasonable-time limits on duty drawback recovery bar unexplained delayed proceedings where fraud or suppression is not alleged.

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Income Tax

Deduction u/s 43B - Payment of Excise duty - double deduction or...

Excise Duty Deductible Only When Paid from AY 1984-85; Tribunal Erred in Double Deduction Interpretation.

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Income Tax February 6, 2024 Case Laws HC
Deduction u/s 43B - Payment of Excise duty - double deduction or not - The High Court held that, Section 43B of the Act, which came to be introduced from Assessment Year 1984- 1985 onwards, provides that the excise duty would be deductible only on the payment basis in the year in which it is actually paid. Therefore, the Tribunal was not correct in coming to a conclusion that this amount would amount to double deduction.
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