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    April 24, 2026   Case Laws Income Tax
    Stock-in-trade land sale cannot attract section 50C where the transaction is already accepted as business income.
    April 24, 2026   Case Laws Income Tax
    Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
    April 24, 2026   Case Laws Income Tax
    Retrospective omission of specified domestic transaction provision invalidated transfer pricing adjustment and confirmed SEZ deduction eligibility.
    April 24, 2026   Case Laws Income Tax
    Statutory exemption for Agricultural Produce Marketing Committee income cannot be denied because of an incorrect PAN status entry.
    April 24, 2026   Case Laws Income Tax
    Amalgamation bars continuation of tax deductions under sections 80IA and 80JJAA when business is transferred by reorganisation.
    April 24, 2026   Case Laws Income Tax
    Article 8 India-France DTAA: collection charges taxable, while technical handling income, interest and commission stayed within treaty protection.
    April 24, 2026   Case Laws Customs
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    April 24, 2026   Case Laws Customs
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    April 24, 2026   Case Laws Customs
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    April 24, 2026   Case Laws Customs
    Strict construction of customs exemption and prospective IGST interest levy shape duty, classification, and penalty relief.
    April 24, 2026   Case Laws Customs
    Declared value, re-assessment, and confiscation principles: Tribunal upholds value redetermination but rejects section 28 recovery and penalty.
    April 24, 2026   Case Laws Customs
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    April 24, 2026   Case Laws Customs
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    April 24, 2026   Case Laws IBC
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    April 24, 2026   Case Laws IBC
    CoC-approved resolution plans are binding before adjudication; withdrawal after submission is impermissible and the approval application was revived.
    April 24, 2026   Case Laws Service Tax
    Service tax liability cannot rest on Form 26AS data; extended limitation also failed for want of statutory conditions.
    April 24, 2026   Case Laws Service Tax
    Service tax demand based only on Form 26AS failed where taxability, exemption and extended limitation were not properly established.
    April 24, 2026   Case Laws Central Excise
    Free warranty replacements and damaged inputs: Tribunal rejects duty demand where warranty value was already built into final product pricing.
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April 24, 2026   Case Laws Income Tax
Stock-in-trade land sale cannot attract section 50C where the transaction is already accepted as business income.
April 24, 2026   Case Laws Income Tax
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inadequate.
April 24, 2026   Case Laws Income Tax
Retrospective omission of specified domestic transaction provision invalidated transfer pricing adjustment and confirmed SEZ deduction eligibility.
April 24, 2026   Case Laws Income Tax
Statutory exemption for Agricultural Produce Marketing Committee income cannot be denied because of an incorrect PAN status entry.
April 24, 2026   Case Laws Income Tax
Amalgamation bars continuation of tax deductions under sections 80IA and 80JJAA when business is transferred by reorganisation.
April 24, 2026   Case Laws Income Tax
Article 8 India-France DTAA: collection charges taxable, while technical handling income, interest and commission stayed within treaty protection.
April 24, 2026   Case Laws Customs
Alternate remedy bars customs writs; non-communication of time extension under Section 28(9) was not fatal.
April 24, 2026   Case Laws Customs
Preferential duty benefit under a free trade agreement cannot rest on a superseded public notice; reassessment ordered.
April 24, 2026   Case Laws Customs
DIN compliance in departmental orders is mandatory; an order issued without it was set aside and remanded.
April 24, 2026   Case Laws Customs
Strict construction of customs exemption and prospective IGST interest levy shape duty, classification, and penalty relief.
April 24, 2026   Case Laws Customs
Declared value, re-assessment, and confiscation principles: Tribunal upholds value redetermination but rejects section 28 recovery and penalty.
April 24, 2026   Case Laws Customs
Cross-examination and corroboration are essential before penalty for alleged smuggling facilitation can be sustained.
April 24, 2026   Case Laws Customs
Mistake apparent from record was not shown in provisional release conditions; rectification was refused, with clarification left open.
April 24, 2026   Case Laws Companies Law
Res judicata and continuing liquidation justified retention of premises; no summary order could compel surrender of tenancy rights.
April 24, 2026   Case Laws IBC
Resolution plan verification powers rest with the resolution professional; admitted homebuyer claims could not be reopened belatedly.
April 24, 2026   Case Laws IBC
Resolution plan review is limited to transparency and statutory compliance, not commercial wisdom, when disclosure is materially flawed.
April 24, 2026   Case Laws IBC
CoC-approved resolution plans are binding before adjudication; withdrawal after submission is impermissible and the approval application was revived.
April 24, 2026   Case Laws Service Tax
Service tax liability cannot rest on Form 26AS data; extended limitation also failed for want of statutory conditions.
April 24, 2026   Case Laws Service Tax
Service tax demand based only on Form 26AS failed where taxability, exemption and extended limitation were not properly established.
April 24, 2026   Case Laws Central Excise
Free warranty replacements and damaged inputs: Tribunal rejects duty demand where warranty value was already built into final product pricing.

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Income Tax

Addition of interest on interest free loans advanced by assessee...

Disallowed interest on interest-free loans to related parties. Onus on assessee to prove commercial expediency. Failed to justify.

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Income Tax August 12, 2024 Case Laws AT
Addition of interest on interest free loans advanced by assessee Company to sister concerns/related parties disallowed. Onus on assessee to prove commercial expediency for advances taken interest free from related parties. Assessee failed to substantiate commercial expediency for interest free advance to related party M/s. Diehard Dies Pvt. Limited. CIT(A) erred in considering transaction arose out of business/commercial expediency. Order of CIT(A) set aside, restoring AO's order. Revenue's appeal allowed.
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Acts Income Tax
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