Just a moment...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search ✕
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
    6. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. Text Search
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 Highlights - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws---- ❯
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • Benami Property
  • Central GST Laws
  • SGST - State GST Laws
  • Customs
  • FTP - Foreign Trade Policy
  • SEZ - Special Economic Zone
  • FEMA - Foreign Exchange Management
  • Companies Law
  • SEBI - Securities & Exchange Board of India
  • IBC - Insolvency and Bankruptcy
  • Law of Competition
  • PMLA - Money-Laundering
  • Indian Laws
  • Bill / Finance Bills
  • Wealth Tax
  • Service Tax
  • Central Excise
  • VAT / Sales Tax
Month:
---- All Months ---- ❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ---- ❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    May 23, 2026   Case Laws Income Tax
    Best judgment assessment must be based on fair estimation; arbitrary profit rate rejected and income recomputed at 7 per cent.
    May 23, 2026   Case Laws Income Tax
    Discretionary penalty for foreign asset non-disclosure rejected where omission was bona fide and funds were fully disclosed.
    May 23, 2026   Case Laws Income Tax
    Tenancy rights surrender receipts remain capital in nature and cannot be taxed under other sources despite acquisition-cost disputes.
    May 23, 2026   Case Laws Income Tax
    Artificial volume and price rigging justified commission income estimation at 5%, restoring the assessment addition.
    May 23, 2026   Case Laws Income Tax
    Debatable deduction claim under section 80IB(10) could not justify penalty for inaccurate particulars.
    May 23, 2026   Case Laws Income Tax
    Depreciable asset gains remain long-term for tax-rate purposes while section 50 governs only computation and written down value
    May 23, 2026   Case Laws Income Tax
    Capital receipt treatment for settlement compensation: Tribunal excludes payment for giving up a right to sue from taxability.
    May 23, 2026   Case Laws Customs
    Food testing kits classification rejected as diagnostic kits exemption failed, extended limitation and penalties upheld.
    May 23, 2026   Case Laws Customs
    Misdeclaration and undervaluation in aluminium imports led to reclassification, partial duty demand, and selective penalty relief.
    May 23, 2026   Case Laws Companies Law
    Look Out Circular restraint after investigation must meet proportionality and concrete necessity before curbing travel abroad.
    May 23, 2026   Case Laws IBC
    IBC clean slate principle bars recovery of pre-CIRP electricity dues after resolution plan approval.
    May 23, 2026   Case Laws IBC
    Pre-existing dispute failed where emails and cheques acknowledged liability; insolvency admission followed despite a section 10A objection.
    May 23, 2026   Case Laws Law of Competition
    Prima facie competition threshold failed where allegations of unfair pricing and preferential treatment lacked substantiating market data.
    May 23, 2026   Case Laws Money Laundering
    Freezing of bank accounts under money-laundering law requires proof of proceeds of crime and a reasoned finding of nexus.
    May 23, 2026   Case Laws VAT / Sales Tax
    Stock transfer, not inter-State sale, depends on prior contract of sale and depot-level appropriation of goods.
    May 22, 2026   Notifications IBC
    Pre-pack insolvency valuation rules tightened with fixed timelines, stricter valuer disqualifications, and revised fair and liquidation value methods.
    May 22, 2026   Notifications IBC
    MSME liquidation valuation rules tightened with one registered valuer per asset class, subject to recorded reasons for two valuers.
    May 22, 2026   Notifications IBC
    MSME insolvency valuation rules amended to require one set of registered valuers unless the committee records reasons for two sets.
    May 22, 2026   Circulars Customs
    Part delivery of Out of Charge cargo at CFSs is now permitted after RMS approval, reducing separate Customs permission.
    May 22, 2026   Circulars Customs
    Export cargo fire incident addendum adds supplementary shipping bill list and invites rectification of discrepancies.
❮
❯
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

Open Link
Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
May 23, 2026   Case Laws Income Tax
Best judgment assessment must be based on fair estimation; arbitrary profit rate rejected and income recomputed at 7 per cent.
May 23, 2026   Case Laws Income Tax
Discretionary penalty for foreign asset non-disclosure rejected where omission was bona fide and funds were fully disclosed.
May 23, 2026   Case Laws Income Tax
Tenancy rights surrender receipts remain capital in nature and cannot be taxed under other sources despite acquisition-cost disputes.
May 23, 2026   Case Laws Income Tax
Artificial volume and price rigging justified commission income estimation at 5%, restoring the assessment addition.
May 23, 2026   Case Laws Income Tax
Debatable deduction claim under section 80IB(10) could not justify penalty for inaccurate particulars.
May 23, 2026   Case Laws Income Tax
Depreciable asset gains remain long-term for tax-rate purposes while section 50 governs only computation and written down value
May 23, 2026   Case Laws Income Tax
Capital receipt treatment for settlement compensation: Tribunal excludes payment for giving up a right to sue from taxability.
May 23, 2026   Case Laws Customs
Food testing kits classification rejected as diagnostic kits exemption failed, extended limitation and penalties upheld.
May 23, 2026   Case Laws Customs
Misdeclaration and undervaluation in aluminium imports led to reclassification, partial duty demand, and selective penalty relief.
May 23, 2026   Case Laws Companies Law
Look Out Circular restraint after investigation must meet proportionality and concrete necessity before curbing travel abroad.
May 23, 2026   Case Laws IBC
IBC clean slate principle bars recovery of pre-CIRP electricity dues after resolution plan approval.
May 23, 2026   Case Laws IBC
Pre-existing dispute failed where emails and cheques acknowledged liability; insolvency admission followed despite a section 10A objection.
May 23, 2026   Case Laws Law of Competition
Prima facie competition threshold failed where allegations of unfair pricing and preferential treatment lacked substantiating market data.
May 23, 2026   Case Laws Money Laundering
Freezing of bank accounts under money-laundering law requires proof of proceeds of crime and a reasoned finding of nexus.
May 23, 2026   Case Laws VAT / Sales Tax
Stock transfer, not inter-State sale, depends on prior contract of sale and depot-level appropriation of goods.
May 22, 2026   Notifications IBC
Pre-pack insolvency valuation rules tightened with fixed timelines, stricter valuer disqualifications, and revised fair and liquidation value methods.
May 22, 2026   Notifications IBC
MSME liquidation valuation rules tightened with one registered valuer per asset class, subject to recorded reasons for two valuers.
May 22, 2026   Notifications IBC
MSME insolvency valuation rules amended to require one set of registered valuers unless the committee records reasons for two sets.
May 22, 2026   Circulars Customs
Part delivery of Out of Charge cargo at CFSs is now permitted after RMS approval, reducing separate Customs permission.
May 22, 2026   Circulars Customs
Export cargo fire incident addendum adds supplementary shipping bill list and invites rectification of discrepancies.

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Home › Highlights › Income Tax › 2024 › November, 2024 › This
Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters
Income Tax

Section 80IB deduction denied due to non-completion of project...

Tax Deduction Denied for Project Delay and Size; Case Remanded for Compliance Check on Commercial Area Limits.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Income Tax November 26, 2024 Case Laws AT
Section 80IB deduction denied due to non-completion of project within stipulated period u/s 80IB(10) by 31.03.2008 and commercial construction exceeding limit under clause (d). Amendment via Finance Act 2004 from 01.04.2005 imposed new conditions for deduction for projects approved and commenced prior to 01.04.2005. Condition restricting commercial space is impossible if project at advanced stage per approved plan, but completion timeline reasonable with over three years allowed post amendment. Projects approved after 01.04.2005 also have four-year completion period. Issue of completion certificate requirement sub-judice before Supreme Court, remanded for fresh adjudication as per provisions at project approval, subject to judgments. Commercial area exceeding prescribed limit allowed if approved by local authority, verified against sanction plan. Matter remanded to assess commercial area conformity with approved plan. Appeals allowed for statistical purposes.
View Source View

Topics

Acts Income Tax
Next ➔