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February 19, 2026   Case Laws Customs
Misdeclaration of quantity rejected where supplier evidence established counting errors, so reassessment, confiscation and redemption fine were set aside.
February 19, 2026   Case Laws Customs
Admissibility of electronic evidence controls valuation and penalty exposure; non compliant e records and statements nullify revaluation and penalties.
February 19, 2026   Case Laws IBC
Protection of home buyers' interests preserved; third party completion allowed and interim injunctions barred to enable project completion.
February 19, 2026   Case Laws Service Tax
Service Tax on Route Navigation versus Terminal Landing: en route navigation not taxable; terminal landing charges are taxable.
February 19, 2026   Case Laws Central Excise
Classification of agri-inputs: incomplete lab evidence and unaddressed limitation issues require fresh adjudication and reconsideration.
February 18, 2026   Case Laws GST
Habeas Corpus: unlawful remand and failure to provide grounds of arrest justify writ relief and set aside remand.
February 18, 2026   Case Laws GST
Territorial jurisdiction for writs upheld where account debit freeze occurred within limits; bank directed to restore account operation.
February 18, 2026   Case Laws GST
Assignment of leasehold rights is a transfer of immovable property benefits and not a taxable supply of services under GST.
February 18, 2026   Case Laws GST
Classification of Goods: Binding precedent requires reclassification of coconut oil; matter remitted for fresh adjudication.
February 18, 2026   Case Laws GST
Interest on Late Tax Payment and penalty remain where pre-payment options were not exercised; assessment and demand sustained.
February 18, 2026   Case Laws GST
Right to travel upheld as subject to proportionality; limited foreign travel permitted where flight risk is not tangible.
February 18, 2026   Case Laws Income Tax
Limitation for reopening assessments: notice beyond four years invalid if the taxpayer filed a return and disclosed material facts.
February 18, 2026   Case Laws Income Tax
Automatic revival of proceedings: failure to comply with statutory declaration restores parties and permits scheme relief after default.
February 18, 2026   Case Laws Income Tax
Duty drawback credit treated as independent source of income, excluded from industrial undertaking deductions; AO ordered to reassess.
February 18, 2026   Case Laws Income Tax
Interest entitlement for delayed refund: designated authority, not the assessing officer, determines exclusion of period affecting interest.
February 18, 2026   Case Laws Income Tax
Under-reporting immunity under Section 270AA applies absent misreporting; maintained transfer-pricing records secured penalty immunity in this case.
February 18, 2026   Case Laws Income Tax
Reopening of assessment invalid where reasons mismatch; order quashed and remitted for fresh hearing with opportunity to file reply.
February 18, 2026   Case Laws Income Tax
Presumptive taxation under section 44AD: Net profit rate reduced where assessee failed to participate, deletions restored.
February 18, 2026   Case Laws Income Tax
Treatment of surrendered income as business income, not undisclosed investment; evidentiary failure restores AO disallowances.
February 18, 2026   Case Laws Income Tax
Deduction for capital gain on agricultural land upheld because remote, unauthenticated inspection evidence failed to rebut revenue records.

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Income Tax

Revision under s.263 was examined on multiple deductions....

Business deductions for club membership, ESOPs, CSR donations, exchange charges and CWIP interest-s.263 revision quashed.

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Income Tax January 8, 2026 Case Laws AT
Revision under s.263 was examined on multiple deductions. Corporate club membership fees were held to be business expenditure under s.37(1), supported by binding precedent, hence the AO's allowance was not "erroneous"; revision was set aside on this issue. ESOP expense was treated as incurred in the course of business with nexus to employee compensation and consistent judicial acceptance; the AO's view was plausible, so revision failed on this issue. CSR outgo, once disallowed under s.37(1), could still qualify for s.80G if conditions were met; mere difference of opinion could not sustain s.263, so revision was quashed. Stock exchange "penalties" were compensatory charges for procedural lapses, not hit by Expln.1 to s.37(1); revision was rejected. Interest under s.36(1)(iii) lacked nexus with CWIP; proviso was inapplicable and revision was invalid; assessee's appeal allowed. - ITAT
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