Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Unexplained expenditure requires proof that funding sources remain unexplained, not merely allegations of bogus purchase transactions.
Special audit fee liability shifted to the Union where the audit followed an Assessing Officer's order.
High Court tax appeal classification requires Black Money Act appeals against Tribunal orders to be registered as Tax Appeals.
Corroboration of seized loose sheets is essential; unsupported fee additions and extrapolations cannot survive factual scrutiny.
Reassessment on suspicious transaction reports fails where partner capital withdrawals lack material showing income escapement or bogus entries.
Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
Unauthorised supervisory approval vitiates a survey-based assessment by undermining the Assessing Officer's independent quasi-judicial discretion.
Depreciation option claims with full disclosure and bona fide revision do not establish inaccurate income particulars for penalty.
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Asset-based escaped-income satisfaction is mandatory for extended Section 153C jurisdiction; a cash-transaction note alone invalidates the assessment.
Arm's length pricing for corporate guarantees and foreign-currency receivables applies a reduced commission, LIBOR benchmark, and credit period.
Agricultural land character at transfer determines capital-gains treatment despite purchaser obtaining later non-agricultural-use permission.
Accommodation-entry interest is disallowed, but tax withholding is excluded and unsupported estimated commission additions fail.
Transitional reassessment limitation preserves the old regime's time bar, invalidating notices issued after the applicable period expired.
Deemed annual value of completed unsold developer units must use municipal rateable value, subject to verified purchaser-advance exclusions.
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Inherent quashing jurisdiction cannot decide disputed defences on non-supply of seized material or wilful failure to file returns.
Eligible industrial deductions and book-profit adjustments turn on income nexus, exempt-fund presumption, valuation, and lawful appellate claims.
Website development depreciation, banking gateway fees, and revenue advertising expenses receive favourable treatment under discussed tax principles.
TaxTMI 
TaxTMI 
of 1978 
