Just a moment...

⚠ ✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
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
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
    8. 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
    March 6, 2026   Case Laws Income Tax
    Trust registration cancellation requires recorded finding of non genuine activities or actions outside objects; surplus alone is insufficient.
    March 6, 2026   Case Laws Income Tax
    Faceless assessment procedure requires a show cause opportunity where draft proposes prejudicial variation; omission invalidates final assessment.
    March 6, 2026   Case Laws Income Tax
    Statutory exclusion under Section 96 bars scheme relief for reassessments based on search-found incriminating material; circulars cannot override.
    March 6, 2026   Case Laws Income Tax
    Non deduction of TDS on contractual payments overturned after reconciliations; estimation from Form 26AS also deleted.
    March 6, 2026   Case Laws Income Tax
    Explanation 3 to Section 43(1) cannot be invoked without AO's recorded satisfaction and prior Joint Commissioner approval.
    March 6, 2026   Case Laws Income Tax
    Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
    March 6, 2026   Case Laws Benami Property
    Benami property review jurisdiction limited to new evidence or manifest error; retracted statement without corroboration cannot sustain attachment.
    March 6, 2026   Case Laws Customs
    Pre-execution judicial review of preventive detention is constrained by judicial self-restraint; absconding detenues generally barred from relief.
    March 6, 2026   Case Laws Customs
    Voluntariness of statement: statements in an unknown language and retracted admissions undermine valuation adjustments and penalties.
    March 6, 2026   Case Laws IBC
    Necessary Party Test: impleadment refused as resolution professional can represent corporate debtor and appeal proceeds without applicant.
    March 6, 2026   Case Laws IBC
    Pre-existing dispute plausibility barred the insolvency petition and the demand notice was prima facie premature under contract terms.
    March 6, 2026   Case Laws IBC
    Lease Deed validity denied where unauthorized execution and no proof of consideration; disputed asset excluded from insolvency estate.
    March 6, 2026   Case Laws Money Laundering
    Proceeds of crime includes property value or equivalent, allowing attachment even if the holder is not accused.
    March 6, 2026   Case Laws FEMA
    Round tripping found where overseas WOS used to obtain foreign borrowings and reinvest in domestic group, penalties sustained.
    March 6, 2026   Case Laws Service Tax
    Renting of immovable property exclusion: leased hotel premises remain excluded as buildings used for accommodation; Explanation 2 not attracted.
    March 6, 2026   Case Laws Service Tax
    Cum-tax valuation: invoices showing tax separately prevent cum-tax benefit; tax and interest payable, penalty relief granted.
    March 5, 2026   Circulars SEBI
    Categorization of Mutual Fund Schemes: uniform scheme categories, allocation rules and overlap limits imposed with compliance timelines.
    March 5, 2026   Circulars Customs
    Sample Testing Timelines mandated for revenue laboratories to report category-based tests from date of receipt, subject to capacity constraints.
    March 5, 2026   Circulars Customs
    Hazardous cargo declaration at item level required; system flags such goods and officers must record details if CTH changes.
    March 5, 2026   Circulars Customs
    Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
❮
❯
❯❯
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:

Open Link
Highlights
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
March 6, 2026   Case Laws Income Tax
Trust registration cancellation requires recorded finding of non genuine activities or actions outside objects; surplus alone is insufficient.
March 6, 2026   Case Laws Income Tax
Faceless assessment procedure requires a show cause opportunity where draft proposes prejudicial variation; omission invalidates final assessment.
March 6, 2026   Case Laws Income Tax
Statutory exclusion under Section 96 bars scheme relief for reassessments based on search-found incriminating material; circulars cannot override.
March 6, 2026   Case Laws Income Tax
Non deduction of TDS on contractual payments overturned after reconciliations; estimation from Form 26AS also deleted.
March 6, 2026   Case Laws Income Tax
Explanation 3 to Section 43(1) cannot be invoked without AO's recorded satisfaction and prior Joint Commissioner approval.
March 6, 2026   Case Laws Income Tax
Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile accounting.
March 6, 2026   Case Laws Benami Property
Benami property review jurisdiction limited to new evidence or manifest error; retracted statement without corroboration cannot sustain attachment.
March 6, 2026   Case Laws Customs
Pre-execution judicial review of preventive detention is constrained by judicial self-restraint; absconding detenues generally barred from relief.
March 6, 2026   Case Laws Customs
Voluntariness of statement: statements in an unknown language and retracted admissions undermine valuation adjustments and penalties.
March 6, 2026   Case Laws IBC
Necessary Party Test: impleadment refused as resolution professional can represent corporate debtor and appeal proceeds without applicant.
March 6, 2026   Case Laws IBC
Pre-existing dispute plausibility barred the insolvency petition and the demand notice was prima facie premature under contract terms.
March 6, 2026   Case Laws IBC
Lease Deed validity denied where unauthorized execution and no proof of consideration; disputed asset excluded from insolvency estate.
March 6, 2026   Case Laws Money Laundering
Proceeds of crime includes property value or equivalent, allowing attachment even if the holder is not accused.
March 6, 2026   Case Laws FEMA
Round tripping found where overseas WOS used to obtain foreign borrowings and reinvest in domestic group, penalties sustained.
March 6, 2026   Case Laws Service Tax
Renting of immovable property exclusion: leased hotel premises remain excluded as buildings used for accommodation; Explanation 2 not attracted.
March 6, 2026   Case Laws Service Tax
Cum-tax valuation: invoices showing tax separately prevent cum-tax benefit; tax and interest payable, penalty relief granted.
March 5, 2026   Circulars SEBI
Categorization of Mutual Fund Schemes: uniform scheme categories, allocation rules and overlap limits imposed with compliance timelines.
March 5, 2026   Circulars Customs
Sample Testing Timelines mandated for revenue laboratories to report category-based tests from date of receipt, subject to capacity constraints.
March 5, 2026   Circulars Customs
Hazardous cargo declaration at item level required; system flags such goods and officers must record details if CTH changes.
March 5, 2026   Circulars Customs
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional clearance.

Highlights

Back

All Highlights

Showing Results for :
Reset Filters
No Records Found

Highlights

Home › Highlights › Income Tax › 2026 › January, 2026 › This
Back

All Highlights

whatsapp Join Channel
Showing Results for : Reset Filters
Income Tax

Disallowance under section 14A/Rule 8D: Rule 8D disallowance...

Disallowance for exempt-income investments u/r 8D/Section 14A recalculated at 1% monthly average; 115JB book-profit adjustment modified

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Print Options

Income Tax January 14, 2026 Case Laws AT
Disallowance under section 14A/Rule 8D: Rule 8D disallowance must be computed only with reference to investments that actually yielded exempt income, and AO is directed to recompute disallowance at 1% of the monthly average of those exempt-income-yielding investments - disallowance restricted accordingly. Disallowance added to book profit u/s 115JB: Clause (f) of Explanation 1 to s.115JB is to be computed without applying s.14A/Rule 8D, therefore the 14A addition to book profit is deleted. Interest on borrowings for interest-free advances: where own non-interest funds cover advances, no disallowance of borrowed interest - addition deleted. Vastu payments/depreciation: recurring large payments not for business purpose - addition upheld (disallowed). Government subsidy: treated as income under amended law - appeal dismissed. Royalty: deductible only on actual payment under s.43B - confirmed. Leave-encashment provision for 115JB: remitted to AO to decide under Explanation (1). Interest on belated TDS: allowed in computing book profit. 80IA transfer-pricing adjustment: deleted. SBN deposits u/s 68: remitted to AO for verification; matter allowed for statistical purposes. - ITAT
View Source View

Topics

Acts Income Tax
Next ➔