Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
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
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. 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
    Cross-examination in GST penalty proceedings protects natural justice where witness statements support the proposed penalty.
    Alternative statutory remedy governs GST adjudication challenges where evidence and limitation objections require appellate review.
    Opportunity to answer a GST show-cause notice required restoration of demand proceedings for fresh adjudication.
    GST audit findings in Form GST ADT-02 communicate observations but cannot independently authorise tax recovery proceedings.
    Reasoned Decisions in Kara Samadhana applications require disclosed grounds and a hearing before adverse action.
    Statutory limits on customs bank-account attachments bar continued debit freezes after investigation, adjudication, and expiry of permitted duration.
    Natural justice in GST rectification requires consideration of submissions and reasonable hearing before rejection and fresh determination.
    GST detention penalties for invoiced goods must proceed against the owner, not under unregistered-person provisions after registration restoration.
    GST appellate delay: lack of control justified condonation and merits review, while alleged duplicate recovery required verification and refund.
    Authentication of electronic GST notices is mandatory; unsigned portal documents cannot sustain adjudication or recovery without effective hearing.
    GST appellate adjournments require sufficient cause; the three-adjournment limit is a ceiling, not an automatic litigant entitlement.
    GSTR-2A mismatches require invoice-wise credit verification, while adverse GST adjudication requires a mandatory personal hearing.
    Input tax credit misclassification across GST heads requires aggregate ledger verification before any excess-credit demand can stand.
    Reassessment Notices Issued to Deceased Assessees Are Jurisdictionally Invalid and Require Proceedings Against Legal Representatives
    Penalty immunity for misreported income remains unavailable despite objections to notice, hearing, and decision delay.
    Land-acquisition compensation remains outside income-tax withholding, enabling refund of tax deducted after prescribed compliance is completed.
    Retention of seized cash ends when the searched person's assessment closes, requiring release after tax adjustment.
    Leave-encashment exemption under the enhanced limit may be pursued through revised returns, with eligibility questions left open.
    Genuine charitable activities require a trust's own educational work, not merely rental income from leased school premises.
    Best judgment assessment requires rational, business-specific profit estimation; online share-trading addition was deleted for unsupported guesswork.
❯❯
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:

Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters

Amounts received/paid between the taxpayer and group companies...

Group-company timeshare week purchases and sales: treated as commercial deals, not s.2(22)(e) loans; additions and invalid assessment struck down.

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Income Tax December 23, 2025 Case Laws AT
Amounts received/paid between the taxpayer and group companies for purchase/sale of timeshare weeks were held to be commercial transactions, supported by consideration and indirect tax payment, and therefore not "loans or advances" attracting deemed dividend under s. 2(22)(e); the addition was deleted and the revenue's ground failed. Commission expenditure was allowed since the taxpayer furnished adequate particulars and there was no evidence of cash-back or off-book payments; disallowance merely for non-confirmation by parties was rejected and the revenue's ground failed. Depreciation on capitalised timeshare weeks was sustained as forming part of the building block/cost of improvement, consistently accepted in later years; the revenue's ground failed. Ad hoc disallowance of foreign travel was set aside for lack of basis, and the revenue's ground failed. An assessment framed on a non-existing amalgamated entity was held void for lack of jurisdiction, not curable under s. 292B, and was set aside. - ITAT

Topics

Acts Income Tax