Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
Constitutional validity of Electoral Bond Scheme and the provisions of the Finance Act 2017 which amended the provisions of the Representation of People Act 1951 and the Income Tax Act 1961 - The Supreme Court ruled the Electoral Bond Scheme and related amendments unconstitutional due to violations of citizens' right to information and arbitrariness. It mandated disclosure of transaction details by the State Bank of India within set deadlines, rejecting pleas for extension citing complexity. The Election Commission was tasked with compiling and publishing the disclosed information.
Constitutional validity of Electoral Bond Scheme and the provisions of the Finance Act 2017 which amended the provisions of the Representation of People Act 1951 and the Income Tax Act 1961 - The Supreme Court ruled the Electoral Bond Scheme and related amendments unconstitutional due to violations of citizens' right to information and arbitrariness. It mandated disclosure of transaction details by the State Bank of India within set deadlines, rejecting pleas for extension citing complexity. The Election Commission was tasked with compiling and publishing the disclosed information.
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