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    April 14, 2026   Case Laws GST
    GST detention and coerced statement claims rejected as disputed facts; prima facie material sustained continued custody.
    April 14, 2026   Case Laws GST
    Transit penalty for goods detained without fraud was held unsustainable where invoice, e-way bill and consignee note supported movement.
    April 14, 2026   Case Laws Income Tax
    Section 263 revision limits: permissible assessment view on project completion method could not be disturbed
    April 14, 2026   Case Laws Income Tax
    Agricultural land and capital gains: HC held revenue records prevail, and the land was excluded from capital asset treatment.
    April 14, 2026   Case Laws Income Tax
    Charitable activity under section 2(15) upheld where income was applied to ex-servicemen welfare and objects of the trust.
    April 14, 2026   Case Laws Income Tax
    Belated Form 10DA filing cannot by itself deny a Chapter VIA employment deduction when the claim is otherwise admissible.
    April 14, 2026   Case Laws Income Tax
    Deemed dividend on shareholder debit balance upheld, but net liability remanded for interest-based recomputation.
    April 14, 2026   Case Laws Income Tax
    Incidental auditorium letting by a charitable trust did not amount to business activity, preserving section 11 exemption.
    April 14, 2026   Case Laws Income Tax
    Valid approval under reassessment law is mandatory; wrong sanction by an incompetent authority voided the reopening and reassessment.
    April 14, 2026   Case Laws Income Tax
    Section 50CA share valuation must follow Rule 11UAA and Rule 11UA(1); CA valuation sustained, addition deleted.
    April 14, 2026   Case Laws Income Tax
    Binding DRP directions must govern final assessment; non-compliance under section 144C can quash the order.
    April 14, 2026   Case Laws Income Tax
    Assessment on a non-existent amalgamated company is void ab initio despite section 292B protection.
    April 14, 2026   Case Laws Income Tax
    Furnishing inaccurate particulars upheld for non-genuine commission claims; penalty limited to sustained additions and bona fide waiver deleted.
    April 14, 2026   Case Laws Income Tax
    Recorded business receipts cannot be taxed as unexplained cash or credits when sales and debtors are duly reflected in books.
    April 14, 2026   Case Laws Income Tax
    Taxation of unaccounted liquor : Tribunal limits additions to 3% profit and deletes duplicate cash-based additions.
    April 14, 2026   Case Laws Income Tax
    State PWD rates and self-supervision relief kept house-construction valuation within tolerance, so no addition survived.
    April 14, 2026   Case Laws Income Tax
    Invalid reassessment on incorrect factual premise and non-service of notice led to quashing of reopening.
    April 14, 2026   Case Laws Income Tax
    TDS credit for income taxed in legal heir's hands cannot be denied merely because deduction was booked under deceased's PAN.
    April 14, 2026   Case Laws Income Tax
    CUP method applies to back-to-back project services with an associated enterprise; TNMM was rejected and transfer pricing adjustment deleted.
    April 14, 2026   Case Laws Income Tax
    Rule 46A(3) violation led to remand of expense provision disallowance for fresh verification and evidence review.
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April 14, 2026   Case Laws GST
GST detention and coerced statement claims rejected as disputed facts; prima facie material sustained continued custody.
April 14, 2026   Case Laws GST
Transit penalty for goods detained without fraud was held unsustainable where invoice, e-way bill and consignee note supported movement.
April 14, 2026   Case Laws Income Tax
Section 263 revision limits: permissible assessment view on project completion method could not be disturbed
April 14, 2026   Case Laws Income Tax
Agricultural land and capital gains: HC held revenue records prevail, and the land was excluded from capital asset treatment.
April 14, 2026   Case Laws Income Tax
Charitable activity under section 2(15) upheld where income was applied to ex-servicemen welfare and objects of the trust.
April 14, 2026   Case Laws Income Tax
Belated Form 10DA filing cannot by itself deny a Chapter VIA employment deduction when the claim is otherwise admissible.
April 14, 2026   Case Laws Income Tax
Deemed dividend on shareholder debit balance upheld, but net liability remanded for interest-based recomputation.
April 14, 2026   Case Laws Income Tax
Incidental auditorium letting by a charitable trust did not amount to business activity, preserving section 11 exemption.
April 14, 2026   Case Laws Income Tax
Valid approval under reassessment law is mandatory; wrong sanction by an incompetent authority voided the reopening and reassessment.
April 14, 2026   Case Laws Income Tax
Section 50CA share valuation must follow Rule 11UAA and Rule 11UA(1); CA valuation sustained, addition deleted.
April 14, 2026   Case Laws Income Tax
Binding DRP directions must govern final assessment; non-compliance under section 144C can quash the order.
April 14, 2026   Case Laws Income Tax
Assessment on a non-existent amalgamated company is void ab initio despite section 292B protection.
April 14, 2026   Case Laws Income Tax
Furnishing inaccurate particulars upheld for non-genuine commission claims; penalty limited to sustained additions and bona fide waiver deleted.
April 14, 2026   Case Laws Income Tax
Recorded business receipts cannot be taxed as unexplained cash or credits when sales and debtors are duly reflected in books.
April 14, 2026   Case Laws Income Tax
Taxation of unaccounted liquor : Tribunal limits additions to 3% profit and deletes duplicate cash-based additions.
April 14, 2026   Case Laws Income Tax
State PWD rates and self-supervision relief kept house-construction valuation within tolerance, so no addition survived.
April 14, 2026   Case Laws Income Tax
Invalid reassessment on incorrect factual premise and non-service of notice led to quashing of reopening.
April 14, 2026   Case Laws Income Tax
TDS credit for income taxed in legal heir's hands cannot be denied merely because deduction was booked under deceased's PAN.
April 14, 2026   Case Laws Income Tax
CUP method applies to back-to-back project services with an associated enterprise; TNMM was rejected and transfer pricing adjustment deleted.
April 14, 2026   Case Laws Income Tax
Rule 46A(3) violation led to remand of expense provision disallowance for fresh verification and evidence review.

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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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