Supreme Court Rules Conversion of Unpaid Interest into Funded Loan Cannot Be Treated as Payment u/s 43B.

Investment Income Absence Doesn't Invalidate Interest Expenditure as Legitimate Business Expense.

Denial of Section 10(22) exemption due to property bought under individual names, implying misuse of institutional profits.

Court Rules Against Tax on Hypothetical Income from Unsold Property Units Held as Stock in Trade.

Valuer Assigns Separate Valuations for Unit Parts; Slump Sale as Going Concern Still Applies.

Security Deposit in Lease Retains Capital Status Even if Forfeited in Dispute; Not Reclassified as Revenue Expenditure.

CSR Expenses Non-Deductible: Explanation 2 Added to Income Tax Act Section 37(1) from April 1, 2015.

Composite Scheme of Arrangement and Amalgamation Reserves Not a Benefit u/s 28(iv) of Income Tax Act.

Section 47(vii) Income Tax Act Applied Retrospectively; Section 56(2)(viia) Excluded for Certain Transfers.

Professional Legal Defense Costs for Employee's Personal Criminal Case Non-Deductible u/s 37 of Income Tax Act.

Non-deduction of TDS: Relief for Assessee if Deductee Offered Amount to Tax u/s 40(a)(ia) Proviso.

Foreign exchange gains on long-term loans and advances are capital accretions, not taxable income.

Tax Set-Off Claim Allowed: Section 72A Relaxation by CBDT Supports Amalgamation Scheme, CIT(A) Admits Additional Evidence, Correcting Initial Decision...

Delivery-Based Derivative Transactions Eligible for Bad Debt Write-Offs Under Income Tax Act Section 36(1)(vii) & 36(2.

Assessment Order u/s 153C Void Without Joint Commissioner Approval as Mandated by Section 153D.

High Court Rules ITSC to Handle Case; AO's Assessment Orders Declared Void, Appeals Against Them Also Void.

Deadline Extended for Filing Income Tax Returns and Audit Reports for Assessment Year 2018-19 in Kerala Region.

Legislature Does Not Differentiate Between Inbound and Outbound Investments for Arm's Length Price Adjustments.

Taxpayer's Duty Met: AO Cannot Infer Past Years for Reassessment; Cash Transaction Reasoning Deemed Vague.

Court Considers Deductibility of Preoperative Expenditures in Subleasing Case; Assessee's Income Reported for Tax Purposes.