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    August 27, 2026   Case Laws GST
    GST amnesty waiver timing depends on when input tax credit was availed, excluding later-period claims despite earlier debit notes.
    August 27, 2026   Case Laws GST
    Reusable gunny bag classification determines GST treatment based on continued packing utility and sale value.
    August 27, 2026   Case Laws GST
    Tariff classification of medicated toilet soap places it under the residual GST entry rather than the concessional toilet-soap entry.
    August 27, 2026   Case Laws Income Tax
    Eligible-profit recomputation requires proof of an arrangement producing excess profits; unsupported related-party expense allocations cannot reduce d...
    August 27, 2026   Case Laws Income Tax
    TDS credit protects salaried taxpayers when employers deduct tax but fail to deposit it with the Revenue.
    August 27, 2026   Case Laws Income Tax
    Income-tax refund adjustment permits retention only of the proposed demand amount, requiring immediate release of the remaining refund.
    August 27, 2026   Case Laws Income Tax
    Limitation for cash-receipt penalties bars proceedings when the show-cause notice follows expiry of the prescribed period.
    August 27, 2026   Case Laws Income Tax
    Charitable payment infrastructure retained tax exemption where uniform transaction fees did not make public-benefit activities commercial
    August 27, 2026   Case Laws Income Tax
    Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
    August 27, 2026   Case Laws Income Tax
    Reassessment notices to deceased assessees are invalid, requiring proceedings to begin directly against legal representatives.
    August 27, 2026   Case Laws Income Tax
    Maximum marginal rate does not apply to registered societies with AOP income below the taxable limit.
    August 27, 2026   Case Laws Income Tax
    Exclusivity fees for aborted share transfers are capital receipts when paid in cash without business restraint.
    August 27, 2026   Case Laws Income Tax
    Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
    August 27, 2026   Case Laws Income Tax
    Educational charitable status upheld for banking-sector training, preserving exemption, valid income accumulation, and depreciation relief.
    August 27, 2026   Case Laws Income Tax
    Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
    August 27, 2026   Case Laws Income Tax
    Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
    August 27, 2026   Case Laws Income Tax
    Trademark licensing fees remain revenue expenditure where use is limited, non-exclusive, time-bound, and creates no enduring proprietary asset.
    August 27, 2026   Case Laws Income Tax
    Unbilled Revenue Reversal and Non-Resident Professional Fees: prior taxation and treaty royalty analysis defeated both disallowances.
    August 27, 2026   Case Laws Income Tax
    Professional-fee penalty requires substantiated claims and proven tax-deduction liability; unsupported claims may still attract penalty.
    August 27, 2026   Case Laws Income Tax
    Deemed concealment penalty fails where pre-notice TDS exceeds assessed tax, leaving no tax sought to be evaded.
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August 27, 2026   Case Laws GST
GST amnesty waiver timing depends on when input tax credit was availed, excluding later-period claims despite earlier debit notes.
August 27, 2026   Case Laws GST
Reusable gunny bag classification determines GST treatment based on continued packing utility and sale value.
August 27, 2026   Case Laws GST
Tariff classification of medicated toilet soap places it under the residual GST entry rather than the concessional toilet-soap entry.
August 27, 2026   Case Laws Income Tax
Eligible-profit recomputation requires proof of an arrangement producing excess profits; unsupported related-party expense allocations cannot reduce deductions.
August 27, 2026   Case Laws Income Tax
TDS credit protects salaried taxpayers when employers deduct tax but fail to deposit it with the Revenue.
August 27, 2026   Case Laws Income Tax
Income-tax refund adjustment permits retention only of the proposed demand amount, requiring immediate release of the remaining refund.
August 27, 2026   Case Laws Income Tax
Limitation for cash-receipt penalties bars proceedings when the show-cause notice follows expiry of the prescribed period.
August 27, 2026   Case Laws Income Tax
Charitable payment infrastructure retained tax exemption where uniform transaction fees did not make public-benefit activities commercial
August 27, 2026   Case Laws Income Tax
Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are established.
August 27, 2026   Case Laws Income Tax
Reassessment notices to deceased assessees are invalid, requiring proceedings to begin directly against legal representatives.
August 27, 2026   Case Laws Income Tax
Maximum marginal rate does not apply to registered societies with AOP income below the taxable limit.
August 27, 2026   Case Laws Income Tax
Exclusivity fees for aborted share transfers are capital receipts when paid in cash without business restraint.
August 27, 2026   Case Laws Income Tax
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation entries.
August 27, 2026   Case Laws Income Tax
Educational charitable status upheld for banking-sector training, preserving exemption, valid income accumulation, and depreciation relief.
August 27, 2026   Case Laws Income Tax
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivables.
August 27, 2026   Case Laws Income Tax
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verification.
August 27, 2026   Case Laws Income Tax
Trademark licensing fees remain revenue expenditure where use is limited, non-exclusive, time-bound, and creates no enduring proprietary asset.
August 27, 2026   Case Laws Income Tax
Unbilled Revenue Reversal and Non-Resident Professional Fees: prior taxation and treaty royalty analysis defeated both disallowances.
August 27, 2026   Case Laws Income Tax
Professional-fee penalty requires substantiated claims and proven tax-deduction liability; unsupported claims may still attract penalty.
August 27, 2026   Case Laws Income Tax
Deemed concealment penalty fails where pre-notice TDS exceeds assessed tax, leaving no tax sought to be evaded.

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Income Tax

The ITAT held that the assessee is entitled to opt for the...

Assessee allowed reduced 22% tax rate u/s 115BAA for AY 2022-23 despite delay in Form 10IC filing.

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Income Tax January 15, 2025 Case Laws AT
The ITAT held that the assessee is entitled to opt for the reduced tax rate u/s 115BAA for the AY 2022-23, despite the delay in filing Form 10IC for the AY 2021-22. The Form 10IC, once filed, is applicable for subsequent years, and the CIT(A) erred in denying the benefit. The ITAT set aside the orders of the AO and CIT(A) and directed the AO to allow the reduced tax rate of 22% u/s 115BAA for the AY 2022-23.
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Acts Income Tax
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