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    February 7, 2026   Case Laws GST
    Profiteering over input tax credit and price reduction sent for re-investigation while limitation objections are examined
    February 7, 2026   Case Laws Income Tax
    Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
    February 7, 2026   Case Laws Income Tax
    Penalty under section 271D imposed while assessment appeal pending; order set aside and proceedings to be stayed
    February 7, 2026   Case Laws Income Tax
    Condonation of delay for ITAT appeal due to COVID 19 disruption allowed, restoration ordered subject to a costs payment.
    February 7, 2026   Case Laws Income Tax
    Transfer pricing adjustment for differential commission rates rejected; tribunal deletes ad hoc addition and directs interest reassessment.
    February 7, 2026   Case Laws Income Tax
    Transfer pricing adjustment for intra group services remanded for fresh ALP determination after benefit, need and rendition tests and evidence.
    February 7, 2026   Case Laws Income Tax
    Preference share investment recharacterised as loan for transfer pricing, DRP/TPO action affirmed and interest benchmarked.
    February 7, 2026   Case Laws Income Tax
    Non existent creditors addition under section 41(1) challenged; tribunal deleted cessation of liability addition after AO accepted trading results
    February 7, 2026   Case Laws Income Tax
    AIF scheme exemption and indexation: scheme level pass through exemption upheld; indexation difference not taxable as business income.
    February 7, 2026   Case Laws Income Tax
    Registration cancellation of charitable trust affirmed after PAN transfer; jurisdiction and non genuineness findings sustain loss of exemption.
    February 7, 2026   Case Laws Income Tax
    Bagasse transfer pricing and valuation for intra group supply set at Rs.1,500/ton; loan write off and TDS issues resolved.
    February 7, 2026   Case Laws Customs
    Customs valuation and anti dumping duty on imported melamine; tribunal rejects reliance on published price bulletin and untested statements
    February 7, 2026   Case Laws Customs
    Admissibility of electronic records and penalty under Customs law: DVD evidence rejected; penalties set aside
    February 7, 2026   Case Laws Customs
    Undervaluation of imported networking equipment: embedded software included in hardware value; limitation reduced and penalty set aside.
    February 7, 2026   Case Laws Customs
    Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
    February 7, 2026   Case Laws Customs
    Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
    February 7, 2026   Case Laws Customs
    Classification of imported brass rods as copper zinc alloy, resulting in tariff entry CTH 7407 21 20.
    February 7, 2026   Case Laws Customs
    Classification of plastic wall panels and mouldings: decorative interlocking panels treated as sheets, classifiable under 3921.
    February 7, 2026   Case Laws Service Tax
    Revenue sharing arrangements on principal to principal basis in healthcare BSS found not taxable, impugned demand set aside.
    February 7, 2026   Case Laws VAT / Sales Tax
    Sale for export and meaning of 'in the course of export' under CST Act clarified; impugned tax revision set aside
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February 7, 2026   Case Laws GST
Profiteering over input tax credit and price reduction sent for re-investigation while limitation objections are examined
February 7, 2026   Case Laws Income Tax
Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh consideration.
February 7, 2026   Case Laws Income Tax
Penalty under section 271D imposed while assessment appeal pending; order set aside and proceedings to be stayed
February 7, 2026   Case Laws Income Tax
Condonation of delay for ITAT appeal due to COVID 19 disruption allowed, restoration ordered subject to a costs payment.
February 7, 2026   Case Laws Income Tax
Transfer pricing adjustment for differential commission rates rejected; tribunal deletes ad hoc addition and directs interest reassessment.
February 7, 2026   Case Laws Income Tax
Transfer pricing adjustment for intra group services remanded for fresh ALP determination after benefit, need and rendition tests and evidence.
February 7, 2026   Case Laws Income Tax
Preference share investment recharacterised as loan for transfer pricing, DRP/TPO action affirmed and interest benchmarked.
February 7, 2026   Case Laws Income Tax
Non existent creditors addition under section 41(1) challenged; tribunal deleted cessation of liability addition after AO accepted trading results
February 7, 2026   Case Laws Income Tax
AIF scheme exemption and indexation: scheme level pass through exemption upheld; indexation difference not taxable as business income.
February 7, 2026   Case Laws Income Tax
Registration cancellation of charitable trust affirmed after PAN transfer; jurisdiction and non genuineness findings sustain loss of exemption.
February 7, 2026   Case Laws Income Tax
Bagasse transfer pricing and valuation for intra group supply set at Rs.1,500/ton; loan write off and TDS issues resolved.
February 7, 2026   Case Laws Customs
Customs valuation and anti dumping duty on imported melamine; tribunal rejects reliance on published price bulletin and untested statements
February 7, 2026   Case Laws Customs
Admissibility of electronic records and penalty under Customs law: DVD evidence rejected; penalties set aside
February 7, 2026   Case Laws Customs
Undervaluation of imported networking equipment: embedded software included in hardware value; limitation reduced and penalty set aside.
February 7, 2026   Case Laws Customs
Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allowed.
February 7, 2026   Case Laws Customs
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring substantial manufacture.
February 7, 2026   Case Laws Customs
Classification of imported brass rods as copper zinc alloy, resulting in tariff entry CTH 7407 21 20.
February 7, 2026   Case Laws Customs
Classification of plastic wall panels and mouldings: decorative interlocking panels treated as sheets, classifiable under 3921.
February 7, 2026   Case Laws Service Tax
Revenue sharing arrangements on principal to principal basis in healthcare BSS found not taxable, impugned demand set aside.
February 7, 2026   Case Laws VAT / Sales Tax
Sale for export and meaning of 'in the course of export' under CST Act clarified; impugned tax revision set aside

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Income Tax

In transfer pricing benchmarking for captive software support...

Transfer pricing comparables excluded for captive software and ITES services due to functional dissimilarity and intangibles.

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Income Tax May 12, 2026 Case Laws AT
In transfer pricing benchmarking for captive software support and ITES services, companies with significant intangibles, brand value, patents, R&D functions, product-based operations, diversified activities or extraordinary events were found functionally dissimilar and excluded as comparables. Infosys Technologies Ltd., Wipro Ltd., Kals Information Systems Ltd., Celestial Labs Ltd., Avani Cimcon Technologies Ltd., E-Zest Solutions Ltd., Mold-Tek Technologies Ltd., Accentia Technologies Ltd., Eclerx Services Ltd., Infosys BPO Ltd., HCL Comnet System & Services Ltd., Acropetal Technologies Ltd., Genesys International Corporation Ltd. and Datamatics Financial Services Ltd. were excluded. Tata Elxsi Ltd. and Persistent Systems Private Ltd. were remitted for fresh consideration because no specific examination had been made. Coral Hub Ltd. remained included as the objection was not pressed.
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Acts Income Tax
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