Tax Updates - Daily Update

Tax Updates - Daily Update https://www.taxtmi.com One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved. Thu, 14 May 2026 20:45:12 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Condonation of delay in statutory appeal allowed after limited delay, with the matter remanded for decision on merits. https://www.taxtmi.com/caselaws?id=468632 https://www.taxtmi.com/caselaws?id=468632 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Taxability disputes fall within the rate-of-duty exclusion, leaving High Court appeal under excise law not maintainable. https://www.taxtmi.com/caselaws?id=790524 https://www.taxtmi.com/caselaws?id=790524 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Excise duty on manufacture bars later levy on pre-commencement stock, so post-date clearance did not create liability. https://www.taxtmi.com/caselaws?id=791593 https://www.taxtmi.com/caselaws?id=791593 Thu, 14 May 2026 20:34:38 +0530 Excise Case-Laws TaxLaws TaxTMI Clandestine removal proved by transport records and admission, but separate partner penalty failed without a distinct role. https://www.taxtmi.com/caselaws?id=791594 https://www.taxtmi.com/caselaws?id=791594 Thu, 14 May 2026 20:34:38 +0530 Excise Case-Laws TaxLaws TaxTMI Photograph printing as manufacture: transforming soft-copy images into photo books falls outside service tax on photography services. https://www.taxtmi.com/caselaws?id=791597 https://www.taxtmi.com/caselaws?id=791597 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Extended limitation for service tax cannot apply without suppression or wilful evasion where exemption and non-taxability are supported. https://www.taxtmi.com/caselaws?id=791598 https://www.taxtmi.com/caselaws?id=791598 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Business facilitator services in rural banking areas qualified for service tax exemption, defeating the demand. https://www.taxtmi.com/caselaws?id=791599 https://www.taxtmi.com/caselaws?id=791599 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Service tax proceedings remitted to show-cause stage after orders were set aside, with exemption and limitation issues to be reconsidered. https://www.taxtmi.com/caselaws?id=791600 https://www.taxtmi.com/caselaws?id=791600 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Service tax adjudication remitted to show-cause stage as related liability, exemption, reverse charge, and limitation issues remained open. https://www.taxtmi.com/caselaws?id=791601 https://www.taxtmi.com/caselaws?id=791601 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Bail in PMLA proceedings may be granted where trial progress, witness examination, age and incarceration support relief. https://www.taxtmi.com/caselaws?id=791602 https://www.taxtmi.com/caselaws?id=791602 Thu, 14 May 2026 20:34:38 +0530 PMLA Case-Laws TaxLaws TaxTMI Importer's failure to prove imports and absence of due diligence sustained FEMA liability, though penalty was reduced. https://www.taxtmi.com/caselaws?id=791603 https://www.taxtmi.com/caselaws?id=791603 Thu, 14 May 2026 20:34:38 +0530 FEMA Case-Laws TaxLaws TaxTMI FEMA compliance on import remittances requires lawful utilisation or repatriation; unsupported third-party adjustments do not cure contravention. https://www.taxtmi.com/caselaws?id=791604 https://www.taxtmi.com/caselaws?id=791604 Thu, 14 May 2026 20:34:38 +0530 FEMA Case-Laws TaxLaws TaxTMI Service direction not uploaded in time: dismissal for want of notice steps was set aside https://www.taxtmi.com/caselaws?id=791605 https://www.taxtmi.com/caselaws?id=791605 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Condonation of delay in refiling requires a credible date-wise explanation; unsupported excuses will not justify leniency. https://www.taxtmi.com/caselaws?id=791606 https://www.taxtmi.com/caselaws?id=791606 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Mandatory certified-copy compliance in insolvency appeals controls maintainability and cannot be cured by delay condonation. https://www.taxtmi.com/caselaws?id=791607 https://www.taxtmi.com/caselaws?id=791607 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Company Court jurisdiction and involuntary lease transfer principles guided rejection of differential premium claims in liquidation. https://www.taxtmi.com/caselaws?id=791608 https://www.taxtmi.com/caselaws?id=791608 Thu, 14 May 2026 20:34:38 +0530 Corporate Laws Case-Laws TaxLaws TaxTMI Settlement scheme implementation secured by keeping conflicting orders in abeyance and directing expeditious escrow payment steps. https://www.taxtmi.com/caselaws?id=791609 https://www.taxtmi.com/caselaws?id=791609 Thu, 14 May 2026 20:34:38 +0530 Corporate Laws Case-Laws TaxLaws TaxTMI SAD refund under Notification No. 102/2007-Cus may still be available where subsequent sale attracts NIL sales tax/VAT. https://www.taxtmi.com/caselaws?id=791610 https://www.taxtmi.com/caselaws?id=791610 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Unlocking and activating export mobile phones is configuration, not use, so confiscation and penalties could not stand. https://www.taxtmi.com/caselaws?id=791611 https://www.taxtmi.com/caselaws?id=791611 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Incomplete laboratory testing cannot support final customs classification; fresh testing and provisional clearance were directed to resolve uncertainty. https://www.taxtmi.com/caselaws?id=791612 https://www.taxtmi.com/caselaws?id=791612 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Refund of Extra Duty Deposit upheld on limitation and unjust enrichment grounds, with interest awarded on delayed payment. https://www.taxtmi.com/caselaws?id=791613 https://www.taxtmi.com/caselaws?id=791613 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Invalid reassessment approval by the wrong authority vitiates a delayed notice and makes the reassessment void ab initio. https://www.taxtmi.com/caselaws?id=791616 https://www.taxtmi.com/caselaws?id=791616 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Genuine share transaction evidence supported long-term capital gain exemption, as suspicion alone could not sustain the addition. https://www.taxtmi.com/caselaws?id=791617 https://www.taxtmi.com/caselaws?id=791617 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Charitable accumulation under section 11(2) cannot be reused as exemption without proof of actual application within time. https://www.taxtmi.com/caselaws?id=791618 https://www.taxtmi.com/caselaws?id=791618 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Unexplained income versus presumptive business receipts: unsupported salary claims failed, but rice-trading turnover was accepted as business income. https://www.taxtmi.com/caselaws?id=791619 https://www.taxtmi.com/caselaws?id=791619 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment validity and unexplained deposits upheld where identity was established and the source of funds remained unproved. https://www.taxtmi.com/caselaws?id=791620 https://www.taxtmi.com/caselaws?id=791620 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Penny stock additions fail when exchange trades, demat entries, bank routing, and disclosure lack any direct nexus to alleged operators. https://www.taxtmi.com/caselaws?id=791621 https://www.taxtmi.com/caselaws?id=791621 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Explained business cash deposits cannot be taxed as unexplained cash credits when turnover records and verified receipts support the assessee. https://www.taxtmi.com/caselaws?id=791622 https://www.taxtmi.com/caselaws?id=791622 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Delayed Form 10-IC filing was held procedural, preserving eligibility for the concessional corporate tax regime. https://www.taxtmi.com/caselaws?id=791623 https://www.taxtmi.com/caselaws?id=791623 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Procedural filing of audit report cannot defeat exemption claim when Form 10B was already on record. https://www.taxtmi.com/caselaws?id=791624 https://www.taxtmi.com/caselaws?id=791624 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Cash deposit source explanation accepted in part, with partial relief granted despite incomplete corroborative records. https://www.taxtmi.com/caselaws?id=791625 https://www.taxtmi.com/caselaws?id=791625 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Agricultural land deduction claim requires verified revenue records before section 54B relief can be allowed. https://www.taxtmi.com/caselaws?id=791626 https://www.taxtmi.com/caselaws?id=791626 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Cash payment disallowance under the statutory limit upheld where Rule 6DD exception was not proved by evidence. https://www.taxtmi.com/caselaws?id=791627 https://www.taxtmi.com/caselaws?id=791627 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Seized loose paper alone cannot sustain a section 69B addition without corroboration or cross-examination of the third party. https://www.taxtmi.com/caselaws?id=791628 https://www.taxtmi.com/caselaws?id=791628 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Gross profit estimation must use a comparable five-year average when the immediately preceding year is not representative. https://www.taxtmi.com/caselaws?id=791629 https://www.taxtmi.com/caselaws?id=791629 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment based on unverified accommodation entry allegations fails absent independent application of mind to the assessee's return. https://www.taxtmi.com/caselaws?id=791630 https://www.taxtmi.com/caselaws?id=791630 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Appellate enhancement beyond the appeal scope is impermissible, and section 54F deduction was allowed. https://www.taxtmi.com/caselaws?id=791631 https://www.taxtmi.com/caselaws?id=791631 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Ex parte denial of infrastructure deduction remanded for fresh adjudication after the assessee was denied opportunity to file evidence. https://www.taxtmi.com/caselaws?id=791632 https://www.taxtmi.com/caselaws?id=791632 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Delayed return filing and Form 10B exemption issue remanded for fresh consideration after unexamined Covid-related extension claim. https://www.taxtmi.com/caselaws?id=791633 https://www.taxtmi.com/caselaws?id=791633 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Protective addition for alleged bogus purchases was deleted where no direct link to the transactions was shown. https://www.taxtmi.com/caselaws?id=791634 https://www.taxtmi.com/caselaws?id=791634 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Withholding tax on foreign share transfers depends on chargeability in India, and retrospective amendments did not create past TDS duty. https://www.taxtmi.com/caselaws?id=791635 https://www.taxtmi.com/caselaws?id=791635 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 80P deduction on interest from co-operative bank deposits upheld, with relief limited to the original claim. https://www.taxtmi.com/caselaws?id=791636 https://www.taxtmi.com/caselaws?id=791636 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Redevelopment flat exchange not taxable under section 56(2)(x); delay in appeal filing was also condoned. https://www.taxtmi.com/caselaws?id=791637 https://www.taxtmi.com/caselaws?id=791637 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Limitation for reassessment notice under section 148: lack of proof of timely issuance made section 292BB inapplicable. https://www.taxtmi.com/caselaws?id=791638 https://www.taxtmi.com/caselaws?id=791638 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment on fresh search material upheld, but section 68 loan addition remitted for cross-examination and further verification. https://www.taxtmi.com/caselaws?id=791639 https://www.taxtmi.com/caselaws?id=791639 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Mandatory prior intimation under return-processing rules is required before denying concessional tax treatment and adjusting tax liability. https://www.taxtmi.com/caselaws?id=791640 https://www.taxtmi.com/caselaws?id=791640 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Documented share transactions on stock exchange channels cannot be branded bogus on suspicion alone without specific rebuttal evidence. https://www.taxtmi.com/caselaws?id=791641 https://www.taxtmi.com/caselaws?id=791641 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment approval and limitation were upheld, while disputed purchase additions were remanded for fresh factual verification. https://www.taxtmi.com/caselaws?id=791642 https://www.taxtmi.com/caselaws?id=791642 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 11 exemption survives when Form 10B is filed before the return due date, despite missing an earlier filing deadline. https://www.taxtmi.com/caselaws?id=791643 https://www.taxtmi.com/caselaws?id=791643 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Fair notice in penalty proceedings requires the exact limb of default; bona fide Form 16-based exemption claim protected the assessee. https://www.taxtmi.com/caselaws?id=791644 https://www.taxtmi.com/caselaws?id=791644 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Demonetization cash deposits cannot be treated as unexplained income when audited books and recorded sales explain the source. https://www.taxtmi.com/caselaws?id=791645 https://www.taxtmi.com/caselaws?id=791645 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Political donation deduction claims fail where surrounding facts show a lack of genuineness and suspected bogus routing of funds. https://www.taxtmi.com/caselaws?id=791646 https://www.taxtmi.com/caselaws?id=791646 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment limitation under the relaxation framework barred notices for assessment year 2015-16 issued after 01.04.2021. https://www.taxtmi.com/caselaws?id=791647 https://www.taxtmi.com/caselaws?id=791647 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Concessional tax rate for domestic company depends on verified turnover in the preceding year; audited accounts needed for threshold check. https://www.taxtmi.com/caselaws?id=791648 https://www.taxtmi.com/caselaws?id=791648 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Bank interest from operational funds can qualify as business income for cooperative society deduction under income tax law. https://www.taxtmi.com/caselaws?id=791649 https://www.taxtmi.com/caselaws?id=791649 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Natural justice in assessment requires supply of relied-upon material before adverse conclusions are drawn. https://www.taxtmi.com/caselaws?id=791650 https://www.taxtmi.com/caselaws?id=791650 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Natural justice in tax assessment requires full disclosure of adverse material before prejudicial findings are drawn. https://www.taxtmi.com/caselaws?id=791651 https://www.taxtmi.com/caselaws?id=791651 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reopening of assessment and borrowed satisfaction: recorded reasons must show independent application of mind before jurisdiction can be assumed. https://www.taxtmi.com/caselaws?id=791652 https://www.taxtmi.com/caselaws?id=791652 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment notices and limitation: High Courts must first ermine the applicable assessment year before deciding time-bar under prior ruling. https://www.taxtmi.com/caselaws?id=791653 https://www.taxtmi.com/caselaws?id=791653 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Curative jurisdiction applies only within narrow limits, and defective petitions failing those limits were not entertainable. https://www.taxtmi.com/caselaws?id=791654 https://www.taxtmi.com/caselaws?id=791654 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Interest deduction for composite business borrowing upheld where funds were commercially expedient and linked to associated share investment. https://www.taxtmi.com/caselaws?id=791655 https://www.taxtmi.com/caselaws?id=791655 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment and business income rules: fresh tangible material can justify reopening, and fixed gross receipts may be taxable revenue. https://www.taxtmi.com/caselaws?id=791656 https://www.taxtmi.com/caselaws?id=791656 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Directory time limit under GST waiver rules cannot be treated as an absolute bar to merits consideration. https://www.taxtmi.com/caselaws?id=791657 https://www.taxtmi.com/caselaws?id=791657 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Ex parte tax adjudication remanded for fresh reply and merits hearing, with conditional compliance terms retained. https://www.taxtmi.com/caselaws?id=791658 https://www.taxtmi.com/caselaws?id=791658 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Liquidation waterfall prevails over state tax charge; statutory charge did not create secured creditor status under insolvency law. https://www.taxtmi.com/caselaws?id=791559 https://www.taxtmi.com/caselaws?id=791559 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI CIRP cooperation limits: statutory auditors are not treated as management personnel, and disclosure demands require possession or access. https://www.taxtmi.com/caselaws?id=791560 https://www.taxtmi.com/caselaws?id=791560 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Condonation of refiling delay requires a defect-wise explanation and diligence; unexplained delay led to rejection of the appeal memo. https://www.taxtmi.com/caselaws?id=791561 https://www.taxtmi.com/caselaws?id=791561 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Post-liquidation settlement must follow section 230 route; section 12A withdrawal is unavailable once liquidation begins. https://www.taxtmi.com/caselaws?id=791562 https://www.taxtmi.com/caselaws?id=791562 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Customs valuation depends on admissible evidence, with section 138 safeguards controlling reliance on statements and electronic records. https://www.taxtmi.com/caselaws?id=791578 https://www.taxtmi.com/caselaws?id=791578 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Burden to prove consignment transfer failed, so inter-State sales, assessment competence, limitation, and penalty were all sustained. https://www.taxtmi.com/caselaws?id=791550 https://www.taxtmi.com/caselaws?id=791550 Thu, 14 May 2026 20:34:38 +0530 VAT Case-Laws TaxLaws TaxTMI Statutory first charge under tax law can create secured debt in liquidation, but CST dues remain unsecured. https://www.taxtmi.com/caselaws?id=791563 https://www.taxtmi.com/caselaws?id=791563 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Collaboration agreement and project assets remain part of CIRP valuation when termination is not legally established https://www.taxtmi.com/caselaws?id=791564 https://www.taxtmi.com/caselaws?id=791564 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Pre-existing dispute under insolvency law fails when debtor's own correspondence and acknowledgment show admitted operational debt. https://www.taxtmi.com/caselaws?id=791565 https://www.taxtmi.com/caselaws?id=791565 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Preferential transfer rules and avoidance powers: resolution professional actions upheld, with one related-party payment treated as preferential https://www.taxtmi.com/caselaws?id=791566 https://www.taxtmi.com/caselaws?id=791566 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Aircraft generator classification under CTH 8501 prevailed, defeating extended limitation, duty penalty, and customs broker penalty. https://www.taxtmi.com/caselaws?id=791577 https://www.taxtmi.com/caselaws?id=791577 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Limitation, place of provision, and VAT-service split barred service tax on audit-based demands and software licence sales. https://www.taxtmi.com/caselaws?id=791553 https://www.taxtmi.com/caselaws?id=791553 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Financial creditor status requires actual disbursal and time value of money; collateral for another loan does not create secured debt. https://www.taxtmi.com/caselaws?id=791567 https://www.taxtmi.com/caselaws?id=791567 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Personal guarantor liability survives resolution plan where unpaid dues remain enforceable and Section 95 action stays within limitation https://www.taxtmi.com/caselaws?id=791568 https://www.taxtmi.com/caselaws?id=791568 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Approved scheme of arrangement binds dissenting creditors and bars parallel suits on the same underlying claims. https://www.taxtmi.com/caselaws?id=791571 https://www.taxtmi.com/caselaws?id=791571 Thu, 14 May 2026 20:34:38 +0530 Corporate Laws Case-Laws TaxLaws TaxTMI Statutory presumption for signed cheque liability survives bare security-cheque plea and supports reversal of acquittal https://www.taxtmi.com/caselaws?id=791545 https://www.taxtmi.com/caselaws?id=791545 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Job-work valuation: customer-supplied free inputs not automatically includible, and extended limitation fails without suppression. https://www.taxtmi.com/caselaws?id=791548 https://www.taxtmi.com/caselaws?id=791548 Thu, 14 May 2026 20:34:38 +0530 Excise Case-Laws TaxLaws TaxTMI Input service nexus with manufacture sustains CENVAT credit, and ISD-distributed credit cannot be denied without challenging the distributor. https://www.taxtmi.com/caselaws?id=791549 https://www.taxtmi.com/caselaws?id=791549 Thu, 14 May 2026 20:34:38 +0530 Excise Case-Laws TaxLaws TaxTMI Valid service at the correct address is essential for limitation; unsupported postal presumption cannot bar the appeal. https://www.taxtmi.com/caselaws?id=791552 https://www.taxtmi.com/caselaws?id=791552 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI CENVAT credit on deposit insurance premium upheld for banks as an input service under the settled banking tax controversy. https://www.taxtmi.com/caselaws?id=791554 https://www.taxtmi.com/caselaws?id=791554 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Improper service of adjudication order justified quashing bank attachment and leaving statutory appeal open. https://www.taxtmi.com/caselaws?id=791555 https://www.taxtmi.com/caselaws?id=791555 Thu, 14 May 2026 20:34:38 +0530 Service Tax Case-Laws TaxLaws TaxTMI Bail condition modification remains open despite dismissal of an earlier challenge; fresh hearing required on the application's merits. https://www.taxtmi.com/caselaws?id=791557 https://www.taxtmi.com/caselaws?id=791557 Thu, 14 May 2026 20:34:38 +0530 PMLA Case-Laws TaxLaws TaxTMI Statutory charge limited to VAT dues under insolvency law; resolution plan left intact, with distribution adjusted under the waterfall. https://www.taxtmi.com/caselaws?id=791558 https://www.taxtmi.com/caselaws?id=791558 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Delay condoned, but no ground found to interfere with NCLAT's insolvency judgment; appeal dismissed. https://www.taxtmi.com/caselaws?id=791569 https://www.taxtmi.com/caselaws?id=791569 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Condonation of delay in a first appeal granted where sufficient cause existed and the appellant was restored to appellate hearing on merits. https://www.taxtmi.com/caselaws?id=791570 https://www.taxtmi.com/caselaws?id=791570 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Essential character test for unassembled elevator imports fails where critical installation components are missing; goods classified item-wise. https://www.taxtmi.com/caselaws?id=791572 https://www.taxtmi.com/caselaws?id=791572 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Transaction value in export valuation prevails over moisture variation, and non-disclosure of relied-upon documents breaches natural justice. https://www.taxtmi.com/caselaws?id=791575 https://www.taxtmi.com/caselaws?id=791575 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Limitation and penalty in customs demand partly failed as extended period and section 114A penalty were set aside. https://www.taxtmi.com/caselaws?id=791576 https://www.taxtmi.com/caselaws?id=791576 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Exclusive Customs Act release mechanism bars criminal court jurisdiction over seized vehicle custody https://www.taxtmi.com/caselaws?id=791579 https://www.taxtmi.com/caselaws?id=791579 Thu, 14 May 2026 20:34:38 +0530 Customs Case-Laws TaxLaws TaxTMI Corporate food supply classified as service, not restaurant service, attracting the residual GST rate. https://www.taxtmi.com/caselaws?id=791581 https://www.taxtmi.com/caselaws?id=791581 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Bogus invoicing and wrongful input tax credit may support penal prosecution alongside GST action; bail was refused. https://www.taxtmi.com/caselaws?id=791583 https://www.taxtmi.com/caselaws?id=791583 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Writ relief for delayed GST appeal: 301-day delay condoned where refusal to hear would cause grave prejudice. https://www.taxtmi.com/caselaws?id=791584 https://www.taxtmi.com/caselaws?id=791584 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Pre-deposit under GST includes tax paid under protest against the disputed demand, removing any further deposit requirement. https://www.taxtmi.com/caselaws?id=791585 https://www.taxtmi.com/caselaws?id=791585 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Confiscation under Section 130 bars Section 129 release mechanisms once title vests in the Government. https://www.taxtmi.com/caselaws?id=791586 https://www.taxtmi.com/caselaws?id=791586 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI GST interest under amended Section 50 is confined to cash ledger payments, with the demand remanded for reconsideration. https://www.taxtmi.com/caselaws?id=791587 https://www.taxtmi.com/caselaws?id=791587 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Mandatory hearing before GST refund rejection renders order unsustainable if no effective opportunity is granted. https://www.taxtmi.com/caselaws?id=791588 https://www.taxtmi.com/caselaws?id=791588 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Appellate interference declined after the SC found no error in the CESTAT order and dismissed the civil appeal. https://www.taxtmi.com/caselaws?id=791589 https://www.taxtmi.com/caselaws?id=791589 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI GST Special Leave Petitions withdrawn with liberty to seek High Court review after similar remand order https://www.taxtmi.com/caselaws?id=791590 https://www.taxtmi.com/caselaws?id=791590 Thu, 14 May 2026 20:34:38 +0530 GST Case-Laws TaxLaws TaxTMI Cenvat credit for captive power plant inputs remains available where the plant supports manufacture of dutiable goods. https://www.taxtmi.com/caselaws?id=791508 https://www.taxtmi.com/caselaws?id=791508 Thu, 14 May 2026 20:34:38 +0530 Excise Case-Laws TaxLaws TaxTMI Benami transaction law applies to continued holding of property after amendment; provisional attachment upheld. https://www.taxtmi.com/caselaws?id=791509 https://www.taxtmi.com/caselaws?id=791509 Thu, 14 May 2026 20:34:38 +0530 TaxLaws Case-Laws TaxTMI Books rejection and profit estimation must rest on reliable records and rational past results, not arbitrary percentages. https://www.taxtmi.com/caselaws?id=791510 https://www.taxtmi.com/caselaws?id=791510 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Void assessment in deceased assessee's name bars section 263 revision; cash deposit explanation was not disproved. https://www.taxtmi.com/caselaws?id=791511 https://www.taxtmi.com/caselaws?id=791511 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Infrastructure deduction under section 80IA(4) denied where road signages were treated as ancillary, not eligible infrastructure work. https://www.taxtmi.com/caselaws?id=791512 https://www.taxtmi.com/caselaws?id=791512 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 69A unexplained-money addition failed where bank credits were shown as agency receipts passed onward, leaving only commission income. https://www.taxtmi.com/caselaws?id=791513 https://www.taxtmi.com/caselaws?id=791513 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 14A disallowance fails where dividend income is taxable and no exempt income exists in the relevant year. https://www.taxtmi.com/caselaws?id=791514 https://www.taxtmi.com/caselaws?id=791514 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 153C jurisdiction fails without independent corroborative material linking the seized document to the assessee. https://www.taxtmi.com/caselaws?id=791515 https://www.taxtmi.com/caselaws?id=791515 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Public charitable trust registration cannot be refused for missing irrevocability or dissolution clauses when law supplies that effect. https://www.taxtmi.com/caselaws?id=791516 https://www.taxtmi.com/caselaws?id=791516 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 50C does not apply to stock-in-trade; real estate inventory claim and connected penalties sent back for fresh consideration. https://www.taxtmi.com/caselaws?id=791517 https://www.taxtmi.com/caselaws?id=791517 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Chapter VI-A deduction claim fails when not claimed in the return and the return is filed after the due date. https://www.taxtmi.com/caselaws?id=791518 https://www.taxtmi.com/caselaws?id=791518 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Vacancy allowance under section 23(1)(c) can justify nil annual value, but factual proof of prior letting must be verified. https://www.taxtmi.com/caselaws?id=791519 https://www.taxtmi.com/caselaws?id=791519 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Uncorroborated loose paper cannot sustain a section 69B cash addition without independent evidence or cross-examination. https://www.taxtmi.com/caselaws?id=791520 https://www.taxtmi.com/caselaws?id=791520 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Specialised ambulance services fall under TDS as professional services, while composite HLL and FSMS contracts need fresh scrutiny. https://www.taxtmi.com/caselaws?id=791521 https://www.taxtmi.com/caselaws?id=791521 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Real income principle limits taxation of routed interest, but TDS credit claimed in one name must be properly proved https://www.taxtmi.com/caselaws?id=791522 https://www.taxtmi.com/caselaws?id=791522 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Documentary proof can defeat section 68 and 69A additions when identity, creditworthiness, genuineness and cash availability are established. https://www.taxtmi.com/caselaws?id=791523 https://www.taxtmi.com/caselaws?id=791523 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Prospective application of section 80AC bars late-filing disallowance of section 80P claim at processing stage. https://www.taxtmi.com/caselaws?id=791524 https://www.taxtmi.com/caselaws?id=791524 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI Unexplained investment and 80G disallowance: small DVO variance without evidence cannot sustain addition, and disallowance cannot exceed the claim https://www.taxtmi.com/caselaws?id=791525 https://www.taxtmi.com/caselaws?id=791525 Thu, 14 May 2026 20:34:38 +0530 Income Tax Case-Laws TaxLaws TaxTMI TMI Updates - Newsletter dated: May 14, 2026 https://www.taxtmi.com/newsletter?id=05/14/2026 https://www.taxtmi.com/newsletter?id=05/14/2026 Daily Updates Tax