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    April 25, 2026   Case Laws Income Tax
    Transfer pricing comparables excluded for turnover and functional mismatch; foreign currency receivables benchmarked to LIBOR plus spread.
    April 25, 2026   Case Laws Income Tax
    Aggregated TNMM applies to management charges, while delayed receivables interest must be recomputed using average LIBOR.
    April 25, 2026   Case Laws Customs
    Customs valuation of air freight: FOB-based freight cap upheld, but extended limitation and penalties failed for lack of suppression.
    April 25, 2026   Case Laws Customs
    Electronic evidence and comparable imports failed, so undervaluation was not proved and the extended period was unavailable.
    April 25, 2026   Case Laws Customs
    Customs appeal limitation: delay beyond the statutory condonable period cannot be excused, and section 5 stands excluded.
    April 25, 2026   Case Laws Customs
    Plastic wall panels and sheets classified under Heading 3921, not builders' ware, due to their essential decorative character.
    April 25, 2026   Case Laws IBC
    IBC cannot replace execution: Section 7 based on a money decree was treated as misuse of insolvency process.
    April 25, 2026   Case Laws IBC
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    April 25, 2026   Case Laws Money Laundering
    PMLA provisional attachment upheld on circumstantial evidence, equivalent-value property attachment, and valid single-member adjudication.
    April 25, 2026   Case Laws Service Tax
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    April 24, 2026   Circulars GST - States
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    April 24, 2026   Circulars Customs
    Disposal of seized e-waste by incineration invites quotations from registered recyclers and dismantlers for airport stock.
    April 24, 2026   Case Laws GST
    Anticipatory bail denied in GST fake invoice fraud, as prima facie evidence showed organised economic offence and central roles.
    April 24, 2026   Case Laws GST
    Statutory refund entitlement with interest cannot be delayed by administrative excuses, the HC held under the JVAT Act.
    April 24, 2026   Case Laws GST
    Writ jurisdiction may restore a delayed GST appeal where limitation bars condonation and business livelihood is affected.
    April 24, 2026   Case Laws GST
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    April 24, 2026   Case Laws GST
    Parallel GST adjudication barred where State and CGST notices overlap; State proceedings stayed until CGST adjudication concludes.
    April 24, 2026   Case Laws Income Tax
    Condonation of delay in Form 10 allowed where refusal would cause grave hardship and no benefit arose from the delay.
    April 24, 2026   Case Laws Income Tax
    Charitable trust registration cancellation survives where notice was specific, but it operates prospectively only from cancellation.
    April 24, 2026   Case Laws Income Tax
    Trade advances in regular business dealings fall outside deemed dividend treatment under section 2(22)(e).
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April 25, 2026   Case Laws Income Tax
Transfer pricing comparables excluded for turnover and functional mismatch; foreign currency receivables benchmarked to LIBOR plus spread.
April 25, 2026   Case Laws Income Tax
Aggregated TNMM applies to management charges, while delayed receivables interest must be recomputed using average LIBOR.
April 25, 2026   Case Laws Customs
Customs valuation of air freight: FOB-based freight cap upheld, but extended limitation and penalties failed for lack of suppression.
April 25, 2026   Case Laws Customs
Electronic evidence and comparable imports failed, so undervaluation was not proved and the extended period was unavailable.
April 25, 2026   Case Laws Customs
Customs appeal limitation: delay beyond the statutory condonable period cannot be excused, and section 5 stands excluded.
April 25, 2026   Case Laws Customs
Plastic wall panels and sheets classified under Heading 3921, not builders' ware, due to their essential decorative character.
April 25, 2026   Case Laws IBC
IBC cannot replace execution: Section 7 based on a money decree was treated as misuse of insolvency process.
April 25, 2026   Case Laws IBC
Interim moratorium under the IBC starts on registration of a Section 95 petition, regardless of notice to the secured creditor.
April 25, 2026   Case Laws Money Laundering
PMLA provisional attachment upheld on circumstantial evidence, equivalent-value property attachment, and valid single-member adjudication.
April 25, 2026   Case Laws Service Tax
Transfer of right to use goods in equipment hiring excluded service tax where effective control passed to customers.
April 24, 2026   Circulars GST - States
GSTAT Delhi State Bench begins operations, with appeals now to be filed under the prescribed tribunal procedure rules.
April 24, 2026   Circulars Customs
Disposal of seized e-waste by incineration invites quotations from registered recyclers and dismantlers for airport stock.
April 24, 2026   Case Laws GST
Anticipatory bail denied in GST fake invoice fraud, as prima facie evidence showed organised economic offence and central roles.
April 24, 2026   Case Laws GST
Statutory refund entitlement with interest cannot be delayed by administrative excuses, the HC held under the JVAT Act.
April 24, 2026   Case Laws GST
Writ jurisdiction may restore a delayed GST appeal where limitation bars condonation and business livelihood is affected.
April 24, 2026   Case Laws GST
GST assessment orders without a DIN are non-est; writ challenge remains maintainable despite an earlier time-barred appeal.
April 24, 2026   Case Laws GST
Parallel GST adjudication barred where State and CGST notices overlap; State proceedings stayed until CGST adjudication concludes.
April 24, 2026   Case Laws Income Tax
Condonation of delay in Form 10 allowed where refusal would cause grave hardship and no benefit arose from the delay.
April 24, 2026   Case Laws Income Tax
Charitable trust registration cancellation survives where notice was specific, but it operates prospectively only from cancellation.
April 24, 2026   Case Laws Income Tax
Trade advances in regular business dealings fall outside deemed dividend treatment under section 2(22)(e).

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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.

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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.
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Acts Income Tax
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