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    May 9, 2026   Case LawsIncome Tax
    Deduction under section 80P(2)(d) upheld for interest earned by a co-operative society from a co-operative bank.
    May 9, 2026   Case LawsGST
    GST circular relief for invoice errors extended to financial year 2019-20; adjudication order quashed and remand ordered.
    May 9, 2026   Case LawsGST
    Anti-profiteering under GST requires passing on ITC benefit to buyers through price reduction, with interest and penalty exposure.
    May 9, 2026   Case LawsGST
    Rebuttable anti-profiteering presumption requires consideration of market forces and input costs; report remanded for fresh investigation.
    May 9, 2026   Case LawsGST
    Bakery goods and restaurant service can be taxed differently from the same premises if supplies and records are kept separate.
    May 9, 2026   Case LawsIncome Tax
    Section 263 revision upheld where non-allocation of Head Office expenses showed lack of inquiry in deduction computation.
    May 9, 2026   Case LawsIncome Tax
    Finality under the Vivad se Vishwas scheme bars rectification of a determined order under the Income-tax Act.
    May 9, 2026   Case LawsIncome Tax
    Penalty for non-compliance with notice was deleted after later compliance was accepted and assessment was completed on the material filed.
    May 9, 2026   Case LawsIncome Tax
    Concessional tax rate under section 115BAA allowed despite delayed Form 10-IC where option was disclosed and processed.
    May 9, 2026   Case LawsIncome Tax
    Section 80P deduction cannot be denied for belated return filing where section 80AC(ii) was not yet applicable.
    May 9, 2026   Case LawsIncome Tax
    Limited risk service provider analysis leads to deletion of transfer pricing adjustment and acceptance of TNMM benchmarking.
    May 9, 2026   Case LawsIncome Tax
    Merger of intimation with scrutiny assessment rendered the appeal infructuous and led to dismissal.
    May 9, 2026   Case LawsIncome Tax
    Transfer pricing rules on comparables, working capital, ESOP parity and receivables interest reshaped by tribunal directions.
    May 9, 2026   Case LawsIncome Tax
    DTAA taxation principles: royalty on receipt basis, software receipts not royalty, and offshore supply profits not taxable in India.
    May 9, 2026   Case LawsIncome Tax
    Fly ash sale proceeds held taxable as business income; separate fund credit was only application of income, not overriding title.
    May 9, 2026   Case LawsIncome Tax
    Transfer pricing on overdue receivables remitted for fresh interest benchmarking, while double additions and credit errors were corrected.
    May 9, 2026   Case LawsIncome Tax
    Consequential penalty orders cannot survive once the underlying quantum assessment is quashed.
    May 9, 2026   Case LawsIncome Tax
    Related-party consultancy charges and vehicle-loan interest were accepted as genuine business expenditure, with disallowances deleted.
    May 9, 2026   Case LawsIncome Tax
    Penalty limitation under section 275(1)(c) ran from AO's initiation recommendation, making the later penalty order time-barred.
    May 9, 2026   Case LawsIncome Tax
    Transfer pricing comparables and receivables interest: KPO exclusion, LIBOR plus 200 basis points, and case-specific credit period applied.
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    May 9, 2026   Case Laws Income Tax
    Deduction under section 80P(2)(d) upheld for interest earned by a co-operative society from a co-operative bank.
    May 9, 2026   Case Laws GST
    GST circular relief for invoice errors extended to financial year 2019-20; adjudication order quashed and remand ordered.
    May 9, 2026   Case Laws GST
    Anti-profiteering under GST requires passing on ITC benefit to buyers through price reduction, with interest and penalty exposure.
    May 9, 2026   Case Laws GST
    Rebuttable anti-profiteering presumption requires consideration of market forces and input costs; report remanded for fresh investigation.
    May 9, 2026   Case Laws GST
    Bakery goods and restaurant service can be taxed differently from the same premises if supplies and records are kept separate.
    May 9, 2026   Case Laws Income Tax
    Section 263 revision upheld where non-allocation of Head Office expenses showed lack of inquiry in deduction computation.
    May 9, 2026   Case Laws Income Tax
    Finality under the Vivad se Vishwas scheme bars rectification of a determined order under the Income-tax Act.
    May 9, 2026   Case Laws Income Tax
    Penalty for non-compliance with notice was deleted after later compliance was accepted and assessment was completed on the material filed.
    May 9, 2026   Case Laws Income Tax
    Concessional tax rate under section 115BAA allowed despite delayed Form 10-IC where option was disclosed and processed.
    May 9, 2026   Case Laws Income Tax
    Section 80P deduction cannot be denied for belated return filing where section 80AC(ii) was not yet applicable.
    May 9, 2026   Case Laws Income Tax
    Limited risk service provider analysis leads to deletion of transfer pricing adjustment and acceptance of TNMM benchmarking.
    May 9, 2026   Case Laws Income Tax
    Merger of intimation with scrutiny assessment rendered the appeal infructuous and led to dismissal.
    May 9, 2026   Case Laws Income Tax
    Transfer pricing rules on comparables, working capital, ESOP parity and receivables interest reshaped by tribunal directions.
    May 9, 2026   Case Laws Income Tax
    DTAA taxation principles: royalty on receipt basis, software receipts not royalty, and offshore supply profits not taxable in India.
    May 9, 2026   Case Laws Income Tax
    Fly ash sale proceeds held taxable as business income; separate fund credit was only application of income, not overriding title.
    May 9, 2026   Case Laws Income Tax
    Transfer pricing on overdue receivables remitted for fresh interest benchmarking, while double additions and credit errors were corrected.
    May 9, 2026   Case Laws Income Tax
    Consequential penalty orders cannot survive once the underlying quantum assessment is quashed.
    May 9, 2026   Case Laws Income Tax
    Related-party consultancy charges and vehicle-loan interest were accepted as genuine business expenditure, with disallowances deleted.
    May 9, 2026   Case Laws Income Tax
    Penalty limitation under section 275(1)(c) ran from AO's initiation recommendation, making the later penalty order time-barred.
    May 9, 2026   Case Laws Income Tax
    Transfer pricing comparables and receivables interest: KPO exclusion, LIBOR plus 200 basis points, and case-specific credit period applied.

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      Income Tax

      Interest earned by a co-operative society from investments with...

      Deduction under section 80P(2)(d) upheld for interest earned by a co-operative society from a co-operative bank.

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      Income TaxMay 9, 2026Case LawsAT
      Interest earned by a co-operative society from investments with a co-operative bank qualified for deduction under section 80P(2)(d). The Tribunal followed the Gujarat HC ruling in PCIT v. Ashwinkumar Arban Co-operative Society Ltd., holding that a co-operative bank remains a co-operative society for this purpose and that the exclusion in section 80P(4) does not prevent another co-operative society from claiming the deduction on such interest income. The disallowance was therefore unsustainable and the deduction claim was upheld on merits.
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