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    April 9, 2026   Case Laws GST
    Writ maintainability and GST rectification appeals: parallel writ relief barred, statutory appeal under Section 107 available
    April 9, 2026   Case Laws Income Tax
    Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
    April 9, 2026   Case Laws Income Tax
    Income recognition, energy tax, accrued liability and computer depreciation issues were all resolved against the Department.
    April 9, 2026   Case Laws Income Tax
    Procedural lapse cannot defeat concessional tax benefit where eligibility is undisputed and delay is short and bona fide.
    April 9, 2026   Case Laws Income Tax
    Section 170A limits post-amalgamation assessment to modification only where the assessment was already completed.
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    Book profit treatment for bad debts and directory audit-report filing shaped the outcome on deduction claims.
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    April 9, 2026   Case Laws Income Tax
    Prior-period expenditure may be considered in the correct assessment year when genuineness is undisputed and revised computation is filed.
    April 9, 2026   Case Laws Income Tax
    Commercial expediency and rectification limits upheld as interest deduction was allowed and no apparent mistake was found.
    April 9, 2026   Case Laws Income Tax
    Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
    April 9, 2026   Case Laws Income Tax
    Set-off of unabsorbed depreciation against unaccounted stock addition allowed; later restrictions under Sections 79A and 115BBE did not apply.
    April 9, 2026   Case Laws Income Tax
    Unexplained expenditure on purchases cannot rest on suspicion where books, stock records and bank evidence remain unrebutted.
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    Charitable registration operates prospectively under the amended scheme, with retrospective benefit unavailable absent pending proceedings.
    April 9, 2026   Case Laws Income Tax
    Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
    April 9, 2026   Case Laws Income Tax
    Overriding title, rectification, and bad debt claims: Tribunal rejects DICGC diversion but allows set-off dispute and write-off relief.
    April 9, 2026   Case Laws Income Tax
    Invalid reassessment approval and wrong post-search procedure led to quashing, with relief on unexplained investment and telescoping.
    April 9, 2026   Case Laws Income Tax
    Penalty under sections 271D and 271(1)(c) deleted where cheque receipts and bona fide loss claim defeated alleged concealment.
    April 9, 2026   Case Laws Income Tax
    Separate taxable entity principle upheld for a partnership firm; pre-existence interest expenditure remained disallowed.
    April 9, 2026   Case Laws Customs
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    April 9, 2026   Case Laws Customs
    NFEP shortfall does not create duty on installed EOU capital goods; penalty also falls with the unsustainable demand.
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April 9, 2026   Case Laws GST
Writ maintainability and GST rectification appeals: parallel writ relief barred, statutory appeal under Section 107 available
April 9, 2026   Case Laws Income Tax
Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability confirmed.
April 9, 2026   Case Laws Income Tax
Income recognition, energy tax, accrued liability and computer depreciation issues were all resolved against the Department.
April 9, 2026   Case Laws Income Tax
Procedural lapse cannot defeat concessional tax benefit where eligibility is undisputed and delay is short and bona fide.
April 9, 2026   Case Laws Income Tax
Section 170A limits post-amalgamation assessment to modification only where the assessment was already completed.
April 9, 2026   Case Laws Income Tax
Book profit treatment for bad debts and directory audit-report filing shaped the outcome on deduction claims.
April 9, 2026   Case Laws Income Tax
Bona fide treaty relief claim defeats penalty where income was disclosed and no concealment or inaccurate particulars were proved.
April 9, 2026   Case Laws Income Tax
Prior-period expenditure may be considered in the correct assessment year when genuineness is undisputed and revised computation is filed.
April 9, 2026   Case Laws Income Tax
Commercial expediency and rectification limits upheld as interest deduction was allowed and no apparent mistake was found.
April 9, 2026   Case Laws Income Tax
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty taxation.
April 9, 2026   Case Laws Income Tax
Set-off of unabsorbed depreciation against unaccounted stock addition allowed; later restrictions under Sections 79A and 115BBE did not apply.
April 9, 2026   Case Laws Income Tax
Unexplained expenditure on purchases cannot rest on suspicion where books, stock records and bank evidence remain unrebutted.
April 9, 2026   Case Laws Income Tax
Charitable registration operates prospectively under the amended scheme, with retrospective benefit unavailable absent pending proceedings.
April 9, 2026   Case Laws Income Tax
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income treatment
April 9, 2026   Case Laws Income Tax
Overriding title, rectification, and bad debt claims: Tribunal rejects DICGC diversion but allows set-off dispute and write-off relief.
April 9, 2026   Case Laws Income Tax
Invalid reassessment approval and wrong post-search procedure led to quashing, with relief on unexplained investment and telescoping.
April 9, 2026   Case Laws Income Tax
Penalty under sections 271D and 271(1)(c) deleted where cheque receipts and bona fide loss claim defeated alleged concealment.
April 9, 2026   Case Laws Income Tax
Separate taxable entity principle upheld for a partnership firm; pre-existence interest expenditure remained disallowed.
April 9, 2026   Case Laws Customs
Provisional bank account attachment lapses on expiry unless extended in time, restoring the right to operate accounts.
April 9, 2026   Case Laws Customs
NFEP shortfall does not create duty on installed EOU capital goods; penalty also falls with the unsustainable demand.

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Income Tax

In corporate assessments of unexplained share capital and share...

Addition to share capital and share premium: documentary banking traceability upheld over human probability, addition deleted

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Income Tax February 6, 2026 Case Laws HC
In corporate assessments of unexplained share capital and share premium, documented traceability via ITR acknowledgments, PAN details and bank statements through legitimate channels is accorded greater evidentiary weight than the Assessing Officer's subjective "Test of Human Probability"; accordingly the addition was deleted. The ratio in NRA Iron & Steel is confined to phantom or nonexistent subscribers that cannot be traced; it does not apply where subscribers are verifiable and creditworthy. Revenue must prove a direct "live link" showing funds originated from the assessee's own coffers; absent contrary material, Tribunal factual findings upholding castiron documentary evidence prevail and no substantial question of law arises.
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Acts Income Tax
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