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    May 8, 2026   Case Laws GST
    Corporate guarantee without consideration is not taxable as a supply of service, though the GST valuation challenge failed.
    May 8, 2026   Case Laws GST
    GST appeal limitation and writ condonation fail where no exceptional circumstances justify delay
    May 8, 2026   Case Laws GST
    Provisional attachment and parallel proceedings: writ challenge failed for lack of foundational facts and statutory post-decisional remedy.
    May 8, 2026   Case Laws GST
    Alternative remedy and disputed facts led the High Court to decline writ interference in an input tax credit matter.
    May 8, 2026   Case Laws GST
    Personal hearing requirement under GST natural justice led to quashing of an ex parte assessment order
    May 8, 2026   Case Laws GST
    Deemed withdrawal of GST assessment ends garnishee recovery once returns are filed and dues are paid, subject to verification.
    May 8, 2026   Case Laws GST
    GST on leasehold rights and land development cost upheld as taxable supply of service
    May 8, 2026   Case Laws Income Tax
    TDS on land acquisition compensation barred where arbitral award crystallises into a judgment debt payable in full
    May 8, 2026   Case Laws Income Tax
    Revision under section 263 turns on whether assessment enquiry was made, not a substantial question of law.
    May 8, 2026   Case Laws Income Tax
    Maintainability is for the Court, not the Registry; petitions must be numbered subject to maintainability and placed before the roster Bench.
    May 8, 2026   Case Laws Income Tax
    Unexplained money additions fail where presumptions replace corroborative enquiry and independent evidence in cash payment disputes.
    May 8, 2026   Case Laws Income Tax
    On-money, gifts and seized assets: ITAT applied section 69A limits, allowed telescoping, and recalculated capital gains.
    May 8, 2026   Case Laws Income Tax
    Prior recorded satisfaction is required before penalty under section 271D can be validly initiated and levied.
    May 8, 2026   Case Laws Income Tax
    Foreign commission expenditure disallowed for lack of genuineness, with limited relief granted to avoid double taxation on later write-back.
    May 8, 2026   Case Laws Income Tax
    Commercial expediency protects genuine society expenditure where no sham, bogus claim, or rejected books justify loss disallowance.
    May 8, 2026   Case Laws Income Tax
    Charitable registration renewal cannot be denied by importing cancellation issues when educational activities remain genuine.
    May 8, 2026   Case Laws Income Tax
    Genuine cancellation compensation linked to share transfer can qualify as deductible selling expense in capital gains computation.
    May 8, 2026   Case Laws Income Tax
    Section 54F exemption takes priority over set-off of long-term capital loss, allowing carry forward of the loss.
    May 8, 2026   Case Laws Income Tax
    Section 54F deduction upheld where related-party residential purchase was supported by evidence and not shown to be a sham.
    May 8, 2026   Case Laws Customs
    Evidentiary linkage required for export penalty claims; CESTAT set aside freight forwarder penalties based on presumptions alone.
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May 8, 2026   Case Laws GST
Corporate guarantee without consideration is not taxable as a supply of service, though the GST valuation challenge failed.
May 8, 2026   Case Laws GST
GST appeal limitation and writ condonation fail where no exceptional circumstances justify delay
May 8, 2026   Case Laws GST
Provisional attachment and parallel proceedings: writ challenge failed for lack of foundational facts and statutory post-decisional remedy.
May 8, 2026   Case Laws GST
Alternative remedy and disputed facts led the High Court to decline writ interference in an input tax credit matter.
May 8, 2026   Case Laws GST
Personal hearing requirement under GST natural justice led to quashing of an ex parte assessment order
May 8, 2026   Case Laws GST
Deemed withdrawal of GST assessment ends garnishee recovery once returns are filed and dues are paid, subject to verification.
May 8, 2026   Case Laws GST
GST on leasehold rights and land development cost upheld as taxable supply of service
May 8, 2026   Case Laws Income Tax
TDS on land acquisition compensation barred where arbitral award crystallises into a judgment debt payable in full
May 8, 2026   Case Laws Income Tax
Revision under section 263 turns on whether assessment enquiry was made, not a substantial question of law.
May 8, 2026   Case Laws Income Tax
Maintainability is for the Court, not the Registry; petitions must be numbered subject to maintainability and placed before the roster Bench.
May 8, 2026   Case Laws Income Tax
Unexplained money additions fail where presumptions replace corroborative enquiry and independent evidence in cash payment disputes.
May 8, 2026   Case Laws Income Tax
On-money, gifts and seized assets: ITAT applied section 69A limits, allowed telescoping, and recalculated capital gains.
May 8, 2026   Case Laws Income Tax
Prior recorded satisfaction is required before penalty under section 271D can be validly initiated and levied.
May 8, 2026   Case Laws Income Tax
Foreign commission expenditure disallowed for lack of genuineness, with limited relief granted to avoid double taxation on later write-back.
May 8, 2026   Case Laws Income Tax
Commercial expediency protects genuine society expenditure where no sham, bogus claim, or rejected books justify loss disallowance.
May 8, 2026   Case Laws Income Tax
Charitable registration renewal cannot be denied by importing cancellation issues when educational activities remain genuine.
May 8, 2026   Case Laws Income Tax
Genuine cancellation compensation linked to share transfer can qualify as deductible selling expense in capital gains computation.
May 8, 2026   Case Laws Income Tax
Section 54F exemption takes priority over set-off of long-term capital loss, allowing carry forward of the loss.
May 8, 2026   Case Laws Income Tax
Section 54F deduction upheld where related-party residential purchase was supported by evidence and not shown to be a sham.
May 8, 2026   Case Laws Customs
Evidentiary linkage required for export penalty claims; CESTAT set aside freight forwarder penalties based on presumptions alone.

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Indian Laws

The Negotiable Instruments Act, 1881 was enacted to define and...

Cheque Dishonor Penalties Under Negotiable Instruments Act Upheld; Civil Remedies Unaffected by Money Lenders Act.

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Indian Laws October 18, 2024 Case Laws HC
The Negotiable Instruments Act, 1881 was enacted to define and amend laws relating to promissory notes, bills of exchange, and cheques. Section 138, introduced through the Banking, Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988, provides penalties for dishonor of cheques due to insufficient funds. Subsequent amendments aimed to expedite cases through summary trials and make offenses compoundable. The Supreme Court highlighted the objective of instilling faith in banking operations and preventing dishonesty in drawing cheques without sufficient funds. The Bengal Money Lenders Act, 1940 and Chapter XVII of the Negotiable Instruments Act operate independently with distinct objectives. There is no conflict between provisions, and civil remedies for unlicensed money lenders are not barred by criminal penalties u/s 138. The High Court dismissed the revision application, finding no merit in claims of abuse of process.
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Acts Income Tax
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