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    April 1, 2026   Case Laws Income Tax
    Registration as a religious trust without disclosed material and hearing was set aside, with 12AB and 80G issues remanded.
    April 1, 2026   Case Laws Income Tax
    Mechanical sanction for reopening invalidates reassessment where approval under section 151 lacks independent application of mind.
    April 1, 2026   Case Laws Income Tax
    Revision under section 263 fails where DPCO liability is an ascertained liability and the tax view is plausible.
    April 1, 2026   Case Laws Income Tax
    Political donation deduction denied for accommodation entries, and statutory deduction ceiling under section 80C was exceeded.
    April 1, 2026   Case Laws Income Tax
    Corroborated agreement to sell sustains addition, but cash consideration in completed sale deed falls outside section 269SS penalty
    April 1, 2026   Case Laws Income Tax
    Inchoate agreement to sell cannot prove on-money receipts; Tribunal deleted additions and consequential penalty.
    April 1, 2026   Case Laws Customs
    Customs refund interest turns on departmental delay in re-assessment and the statutory refund timeline.
    April 1, 2026   Case Laws Customs
    Custodian liability for pilferage requires proof of tampering or substitution while goods remain in custody; demand and penalties set aside.
    April 1, 2026   Case Laws Customs
    ISO certification is only procedural for export schemes; substantive DFIA and Advance Authorisation benefits survived on test reports and no diversion...
    April 1, 2026   Case Laws Customs
    Shipping bill conversion and drawback amendment upheld where Board circular time limit was not statutory.
    April 1, 2026   Case Laws Customs
    Concessional customs exemption for manufacturing inputs survives scrap and process loss when goods are intended for use in manufacture.
    April 1, 2026   Case Laws Companies Law
    Company Court jurisdiction after winding-up and continuing fraud allegations can survive; ad interim stay refused on balance of convenience.
    April 1, 2026   Case Laws IBC
    CIRP threshold and development rights in a real estate project must be assessed within the insolvency process, not through arbitration.
    April 1, 2026   Case Laws IBC
    Non-speaking order and lack of reasons led to setting aside and remand for fresh reasoned consideration.
    April 1, 2026   Case Laws IBC
    Section 12A settlement drives release of Registry-held fixed deposit to the financial creditor after lien removal.
    April 1, 2026   Case Laws IBC
    Section 10A exclusion and pre-existing dispute standards applied to restore an insolvency claim under Section 9.
    April 1, 2026   Case Laws IBC
    Effective service of demand notice under insolvency law can be satisfied by MCA-recorded email service, with opportunity to prove compliance.
    April 1, 2026   Case Laws IBC
    Section 12A CIRP withdrawal before CoC constitution upheld; unadmitted claim alone does not create a right to object.
    April 1, 2026   Case Laws Money Laundering
    PMLA anticipatory bail refused where evasive answers, false affidavits and obstructive conduct justified custodial interrogation.
    April 1, 2026   Case Laws Service Tax
    Taxable value excludes reimbursements and separately sold goods; soil supply is not site formation service.
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April 1, 2026   Case Laws Income Tax
Registration as a religious trust without disclosed material and hearing was set aside, with 12AB and 80G issues remanded.
April 1, 2026   Case Laws Income Tax
Mechanical sanction for reopening invalidates reassessment where approval under section 151 lacks independent application of mind.
April 1, 2026   Case Laws Income Tax
Revision under section 263 fails where DPCO liability is an ascertained liability and the tax view is plausible.
April 1, 2026   Case Laws Income Tax
Political donation deduction denied for accommodation entries, and statutory deduction ceiling under section 80C was exceeded.
April 1, 2026   Case Laws Income Tax
Corroborated agreement to sell sustains addition, but cash consideration in completed sale deed falls outside section 269SS penalty
April 1, 2026   Case Laws Income Tax
Inchoate agreement to sell cannot prove on-money receipts; Tribunal deleted additions and consequential penalty.
April 1, 2026   Case Laws Customs
Customs refund interest turns on departmental delay in re-assessment and the statutory refund timeline.
April 1, 2026   Case Laws Customs
Custodian liability for pilferage requires proof of tampering or substitution while goods remain in custody; demand and penalties set aside.
April 1, 2026   Case Laws Customs
ISO certification is only procedural for export schemes; substantive DFIA and Advance Authorisation benefits survived on test reports and no diversion.
April 1, 2026   Case Laws Customs
Shipping bill conversion and drawback amendment upheld where Board circular time limit was not statutory.
April 1, 2026   Case Laws Customs
Concessional customs exemption for manufacturing inputs survives scrap and process loss when goods are intended for use in manufacture.
April 1, 2026   Case Laws Companies Law
Company Court jurisdiction after winding-up and continuing fraud allegations can survive; ad interim stay refused on balance of convenience.
April 1, 2026   Case Laws IBC
CIRP threshold and development rights in a real estate project must be assessed within the insolvency process, not through arbitration.
April 1, 2026   Case Laws IBC
Non-speaking order and lack of reasons led to setting aside and remand for fresh reasoned consideration.
April 1, 2026   Case Laws IBC
Section 12A settlement drives release of Registry-held fixed deposit to the financial creditor after lien removal.
April 1, 2026   Case Laws IBC
Section 10A exclusion and pre-existing dispute standards applied to restore an insolvency claim under Section 9.
April 1, 2026   Case Laws IBC
Effective service of demand notice under insolvency law can be satisfied by MCA-recorded email service, with opportunity to prove compliance.
April 1, 2026   Case Laws IBC
Section 12A CIRP withdrawal before CoC constitution upheld; unadmitted claim alone does not create a right to object.
April 1, 2026   Case Laws Money Laundering
PMLA anticipatory bail refused where evasive answers, false affidavits and obstructive conduct justified custodial interrogation.
April 1, 2026   Case Laws Service Tax
Taxable value excludes reimbursements and separately sold goods; soil supply is not site formation service.

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Income Tax

Unexplained jewellery could not be added where the assessee...

Unexplained jewellery additions fail where family customs, gifts, bills and bank records support reasonable possession and ownership.

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Income Tax May 1, 2026 Case Laws AT
Unexplained jewellery could not be added where the assessee produced a detailed break-up of ornaments, family-wise allocation, affidavits for gifts on marriage and other occasions, supporting bills, and bank withdrawals showing purchases. CBDT Instruction No. 1916 and the precedent in Vibhu Aggarwal were applied to recognise reasonable family holding of jewellery having regard to status, customs, and customary occasions, so the Assessing Officer's addition was deleted.
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Acts Income Tax
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