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    April 8, 2026   Case Laws Income Tax
    Transfer pricing comparables excluded after remand failure, with arm's length price adjustment recomputed for software services.
    April 8, 2026   Case Laws Income Tax
    Arm's length pricing of captive power transfers: industrial tariff accepted as the benchmark, and the transfer pricing adjustment was deleted.
    April 8, 2026   Case Laws Income Tax
    Plausible explanation for offering income and paying tax led ITAT to delete penalty for alleged cash receipts.
    April 8, 2026   Case Laws Income Tax
    Real income and tax credit principles led to deletion of expense disallowance and verification of self-assessment tax credit.
    April 8, 2026   Case Laws Income Tax
    Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
    April 8, 2026   Case Laws Income Tax
    Embedded profit in on-money receipts taxed at 10%, with income recognised on sale deed execution, not cash receipt.
    April 8, 2026   Case Laws Income Tax
    Surcharge on private discretionary trusts: ITAT applies Finance Act slab rates and accepts 15% surcharge instead of 25%.
    April 8, 2026   Case Laws Customs
    Provisional release conditions: bank guarantee for seized goods held arbitrary, while appeal maintainability was upheld.
    April 8, 2026   Case Laws Customs
    Ore-to-concentrate conversion defeats CVD exemption where imported manganese has undergone washing, waste removal and sizing.
    April 8, 2026   Case Laws Customs
    Refund claims filed before final settlement of an exemption dispute are premature and may be rejected.
    April 8, 2026   Case Laws Customs
    FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
    April 8, 2026   Case Laws Customs
    Customs Broker due diligence obligations narrowly construed; revocation and penalty set aside for lack of proof of regulatory breach.
    April 8, 2026   Case Laws IBC
    Moratorium protection over leased premises bars lessor from recovering possession while the corporate debtor remains in possession.
    April 8, 2026   Case Laws IBC
    Limitation for CIRP based on DRT recovery certificate was not defeated by absence of a separately stated default date.
    April 8, 2026   Case Laws IBC
    Insolvency professional misconduct upheld where resolution plan compliance failures and prior affirmed findings justified dismissal of the appeal.
    April 8, 2026   Case Laws FEMA
    Export proceeds realisation and director liability under FEMA were upheld for failure to ship goods and recover outstanding exports.
    April 8, 2026   Case Laws FEMA
    Proof of import through Bills of Entry failed on inadequate high sea sale evidence, sustaining remittance contravention
    April 8, 2026   Case Laws FEMA
    Electronic evidence and retracted statements under FEMA upheld, but penalties were reduced for excessive quantum.
    April 8, 2026   Case Laws Service Tax
    Expeditious service tax adjudication cannot be defeated by long Call Book delays; common demand order set aside.
    April 8, 2026   Case Laws Central Excise
    Section 9D compliance and corroborative evidence requirements defeated clandestine excise demand and penalties.
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April 8, 2026   Case Laws Income Tax
Transfer pricing comparables excluded after remand failure, with arm's length price adjustment recomputed for software services.
April 8, 2026   Case Laws Income Tax
Arm's length pricing of captive power transfers: industrial tariff accepted as the benchmark, and the transfer pricing adjustment was deleted.
April 8, 2026   Case Laws Income Tax
Plausible explanation for offering income and paying tax led ITAT to delete penalty for alleged cash receipts.
April 8, 2026   Case Laws Income Tax
Real income and tax credit principles led to deletion of expense disallowance and verification of self-assessment tax credit.
April 8, 2026   Case Laws Income Tax
Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examination.
April 8, 2026   Case Laws Income Tax
Embedded profit in on-money receipts taxed at 10%, with income recognised on sale deed execution, not cash receipt.
April 8, 2026   Case Laws Income Tax
Surcharge on private discretionary trusts: ITAT applies Finance Act slab rates and accepts 15% surcharge instead of 25%.
April 8, 2026   Case Laws Customs
Provisional release conditions: bank guarantee for seized goods held arbitrary, while appeal maintainability was upheld.
April 8, 2026   Case Laws Customs
Ore-to-concentrate conversion defeats CVD exemption where imported manganese has undergone washing, waste removal and sizing.
April 8, 2026   Case Laws Customs
Refund claims filed before final settlement of an exemption dispute are premature and may be rejected.
April 8, 2026   Case Laws Customs
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof.
April 8, 2026   Case Laws Customs
Customs Broker due diligence obligations narrowly construed; revocation and penalty set aside for lack of proof of regulatory breach.
April 8, 2026   Case Laws IBC
Moratorium protection over leased premises bars lessor from recovering possession while the corporate debtor remains in possession.
April 8, 2026   Case Laws IBC
Limitation for CIRP based on DRT recovery certificate was not defeated by absence of a separately stated default date.
April 8, 2026   Case Laws IBC
Insolvency professional misconduct upheld where resolution plan compliance failures and prior affirmed findings justified dismissal of the appeal.
April 8, 2026   Case Laws FEMA
Export proceeds realisation and director liability under FEMA were upheld for failure to ship goods and recover outstanding exports.
April 8, 2026   Case Laws FEMA
Proof of import through Bills of Entry failed on inadequate high sea sale evidence, sustaining remittance contravention
April 8, 2026   Case Laws FEMA
Electronic evidence and retracted statements under FEMA upheld, but penalties were reduced for excessive quantum.
April 8, 2026   Case Laws Service Tax
Expeditious service tax adjudication cannot be defeated by long Call Book delays; common demand order set aside.
April 8, 2026   Case Laws Central Excise
Section 9D compliance and corroborative evidence requirements defeated clandestine excise demand and penalties.

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Income Tax

Additions founded on uncorroborated seized loose papers and...

Uncorroborated seized documents cannot sustain income additions; DVO valuation and unexplained credit claims rejected without corroboration.

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Income Tax March 16, 2026 Case Laws AT
Additions founded on uncorroborated seized loose papers and undated marketing 'welcome' letters, and extrapolation of alleged sales using portal rates, are unsustainable where no receipts, bank trail, agreements or buyer admissions exist; such additions were deleted. Reliance on a DVO valuation to estimate unaccounted construction expenditure was held arbitrary where payments appeared in books with bank credits and TDS and no independent enquiry supported out of books spending; that addition was deleted. Higher gross profit in jewellery was not treated as unexplained credit where audited books, stock records and verifiable purchases supported receipts. Unsecured loans supported by bank evidence, confirmations and repayments were not taxable as unexplained credit. Approval under section 153D was found valid.
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Acts Income Tax
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