Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Statutory bar on probation invalidates release of a person convicted for making a false income-tax return statement.
Ten-year reassessment limitation includes the search assessment year in search cases, rendering notices beyond the period time-barred.
Reasonable cause for inadvertent Form 3CD omissions can prevent penalty where software error and no mala fide intent are shown.
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Redeveloped flat holding period follows original ownership rights, supporting long-term capital gains, indexed cost and residential-house exemption.
Dependent agent permanent establishment attribution was deleted, while unexamined refund interest required fresh consideration after adequate hearing.
Profit embedded in unaccounted business receipts was taxed at a 1% gross-profit rate; unsupported salary and asset additions failed.
Effective opportunity to explain foreign bank credits required remand for fresh appellate consideration with supporting evidence.
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Related-party interest deductions require excess over fair market value, while unsupported software and brokerage claims remain disallowable.
Scope of reassessment restricts unrelated additions when the recorded escapement issue is accepted without any addition.
Capital-gains exemption for under-construction flats remains available despite developer delay and may be admitted despite return-form omission.
Holding period of flat allotment rights runs from reservation, supporting long-term capital gain and indexation on surrender.
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Bona fide property-sale receipts supported by records may avoid cash-transaction penalties where genuineness and identity are established.
Satisfactory source evidence for foreign assets prevents their treatment as undisclosed assets and removes consequential Black Money Act penalty.
Partner capital contribution evidenced through banking records discharged cash-credit onus, requiring deletion of the unexplained-credit addition.
Unexplained cash-credit additions require consideration of lender-source evidence and relevant precedents before a fresh determination.
TaxTMI 
TaxTMI 
of 164 
