Futures and options turnover computation kept derivatives activity below the tax-audit threshold, resulting in deletion of non-furnishing penalty.
Share premium valuation requires examination of supporting reports, while limited scrutiny restricts additions beyond the selected issues.
Revision limitation for issues outside reassessment runs from the original assessment, rendering delayed revision proceedings time-barred.
Per-payment TDS threshold limits online gaming withholding, while unclaimed player payouts cannot trigger expenditure disallowance under tax law.
Section 87A rebate remains available against short-term capital gains where the relevant law contained no express exclusion.
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Estimated business expenditure for unsupported commission expenses increased after considering the nature and circumstances of commission activities.
Intra-group software licence costs require evidence of actual use, while comparable selection must reflect functional and scale differences.
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Section 13(1)(b) belongs at assessment, not registration; provisional registration cancellation powers cannot exceed section 12AB's scope
Section 80-IA eligibility, change of opinion, and audit-driven reopening lead to invalid reassessment proceedings
Electronic dispatch determines reassessment notice issuance, requiring Section 148A safeguards when delivery occurs after the statutory transition.
Section 263 revision requires demonstrated error and Revenue prejudice; completed inquiry cannot be reopened merely for deeper verification
Jurisdictional satisfaction and limitation govern cash-acceptance penalties; proceedings under section 271D fail when either requirement is absent.
Avoiding double taxation of reversed bonus provisions, while allowing standard-asset provisions and employee incentives under applicable principles
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Bona fide computational errors with full disclosure may exclude section 270A penalty, even where returned loss is reduced.
Unascertainable TDR acquisition cost defeats capital gains computation; later deeming rules cannot retrospectively create chargeability
TaxTMI 
TaxTMI 
of 1980 
