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Mon, 14 Sep 2026 13:42:31 +0530 en-us webmaster@taxtmi.com editor@taxtmi.com 60 Composite port-service classification tests whether warehousing and incidental activities may be separated for taxable-service treatment. https://www.taxtmi.com/caselaws?id=798808 https://www.taxtmi.com/caselaws?id=798808 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Debts Recovery Tribunal remedy remains available where a diligent writ challenge was redirected despite ordinary limitation expiry. https://www.taxtmi.com/caselaws?id=798862 https://www.taxtmi.com/caselaws?id=798862 Mon, 14 Sep 2026 13:42:31 +0530 TaxLaws Case-Laws TaxTMI Revisional jurisdiction requires valid Commissioner authorisation; proceedings initiated without delegated power are void from inception. https://www.taxtmi.com/caselaws?id=798863 https://www.taxtmi.com/caselaws?id=798863 Mon, 14 Sep 2026 13:42:31 +0530 VAT Case-Laws TaxLaws TaxTMI Priority of secured creditors under SARFAESI remains unresolved after a delayed challenge was dismissed without examining the legal issues. https://www.taxtmi.com/caselaws?id=798864 https://www.taxtmi.com/caselaws?id=798864 Mon, 14 Sep 2026 13:42:31 +0530 VAT Case-Laws TaxLaws TaxTMI Cenvat credit nexus supports pre-production, off-site infrastructure and factory-use claims; extended limitation requires proven intent to evade duty. https://www.taxtmi.com/caselaws?id=798865 https://www.taxtmi.com/caselaws?id=798865 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Unjust enrichment limits service-tax refunds to amounts whose burden was not recovered from members, with statutory interest. https://www.taxtmi.com/caselaws?id=798866 https://www.taxtmi.com/caselaws?id=798866 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Late-payment damages for delayed industrial-gas payments are not consideration and therefore fall outside taxable declared services. https://www.taxtmi.com/caselaws?id=798867 https://www.taxtmi.com/caselaws?id=798867 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Naturally bundled electricity distribution excludes ancillary meter-testing and delayed-payment charges from service tax without a reciprocal tolerance agreement. https://www.taxtmi.com/caselaws?id=798868 https://www.taxtmi.com/caselaws?id=798868 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Quarterly CENVAT refund limitation runs from quarter-end of FIRC receipt, preserving the filing period for exported services. https://www.taxtmi.com/caselaws?id=798869 https://www.taxtmi.com/caselaws?id=798869 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Section 230 compromise period may be extended where changed creditor circumstances support value maximisation and corporate revival. https://www.taxtmi.com/caselaws?id=798870 https://www.taxtmi.com/caselaws?id=798870 Mon, 14 Sep 2026 13:42:31 +0530 Corporate Laws Case-Laws TaxLaws TaxTMI Late presentation charges exceeding the duty-payable cap require restitution through a maintainable Customs Act refund claim. https://www.taxtmi.com/caselaws?id=798871 https://www.taxtmi.com/caselaws?id=798871 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Reverse Burden for Notified Gold Requires Objectively Founded Smuggling Belief, Protecting Domestic Procurement Evidence from Unproven Confiscation https://www.taxtmi.com/caselaws?id=798872 https://www.taxtmi.com/caselaws?id=798872 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Reverse burden for notified gold requires reasonable belief, corroborated evidence and effective cross-examination before confiscation or penalties can stand. https://www.taxtmi.com/caselaws?id=798873 https://www.taxtmi.com/caselaws?id=798873 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Burden of proving smuggled gold defeats confiscation where foreign origin, illicit importation, and corroborated evidence are absent. https://www.taxtmi.com/caselaws?id=798874 https://www.taxtmi.com/caselaws?id=798874 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Bona fide pursuit before incorrect forums can exclude limitation time, enabling condonation of the residual appellate delay. https://www.taxtmi.com/caselaws?id=798875 https://www.taxtmi.com/caselaws?id=798875 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Written acceptance of enhanced customs value cannot waive statutory valuation safeguards or the importer's right to challenge reassessment. https://www.taxtmi.com/caselaws?id=798876 https://www.taxtmi.com/caselaws?id=798876 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Concealment of undeclared imports exposes declared goods to confiscation, while redemption fine and penalties require proportionality. https://www.taxtmi.com/caselaws?id=798877 https://www.taxtmi.com/caselaws?id=798877 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Transaction value rejection requires proof of importer misdeclaration; supplier shipment errors cannot sustain enhanced duty, confiscation or penalties. https://www.taxtmi.com/caselaws?id=798878 https://www.taxtmi.com/caselaws?id=798878 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Adjustment of SAD refunds against non-final drawback demands is impermissible, requiring release of retained refunds with applicable interest. https://www.taxtmi.com/caselaws?id=798879 https://www.taxtmi.com/caselaws?id=798879 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Discounted cash flow valuation protects share premium while occupancy certificates do not govern business expense deductibility. https://www.taxtmi.com/caselaws?id=798880 https://www.taxtmi.com/caselaws?id=798880 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Public trust registration exclusion required examination before denying tax registration and charitable donation approval applications. https://www.taxtmi.com/caselaws?id=798881 https://www.taxtmi.com/caselaws?id=798881 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Valuation and cost-of-acquisition grounds require reasoned fresh adjudication, while additional evidence follows prescribed appellate procedure. https://www.taxtmi.com/caselaws?id=798882 https://www.taxtmi.com/caselaws?id=798882 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Revenue deductibility and block depreciation prevailed, while restricted disallowances remained for community spending and foreign travel. https://www.taxtmi.com/caselaws?id=798883 https://www.taxtmi.com/caselaws?id=798883 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Revenue character of telecom operating costs prevails over book capitalisation, while standard cross-border connectivity payments avoid withholding. https://www.taxtmi.com/caselaws?id=798884 https://www.taxtmi.com/caselaws?id=798884 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Foreign Tax Credit remains available despite delayed Form No. 67 filing where foreign-tax payment and substantive eligibility are verified. https://www.taxtmi.com/caselaws?id=798885 https://www.taxtmi.com/caselaws?id=798885 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Statutory foundation for deemed-income additions: unsupported opening balances, liabilities, debtors and alleged property payments cannot be taxed. https://www.taxtmi.com/caselaws?id=798886 https://www.taxtmi.com/caselaws?id=798886 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 10AA deduction verification requires fresh adjudication where Form 56F compliance and supporting evidence remain unverified. https://www.taxtmi.com/caselaws?id=798887 https://www.taxtmi.com/caselaws?id=798887 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Assessment limitation, Form 26AS rental mismatches and refinancing interest deductions depend on order-making dates and verifiable underlying records. https://www.taxtmi.com/caselaws?id=798888 https://www.taxtmi.com/caselaws?id=798888 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Interest-Free Housing Assistance Can Qualify as Charitable Relief When Need-Based, Non-Commercial, and Recycled for Similar Beneficiaries https://www.taxtmi.com/caselaws?id=798889 https://www.taxtmi.com/caselaws?id=798889 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Agricultural income evidence prevented cash deposits from being treated as unexplained money under the Income-tax Act. https://www.taxtmi.com/caselaws?id=798890 https://www.taxtmi.com/caselaws?id=798890 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Foreign Tax Credit remains available despite delayed Form 67 filing when foreign income and tax payment are verifiable. https://www.taxtmi.com/caselaws?id=798891 https://www.taxtmi.com/caselaws?id=798891 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Charitable-object donations under income from other sources qualify as deductible expenditure when exemption for trusts is not claimed. https://www.taxtmi.com/caselaws?id=798892 https://www.taxtmi.com/caselaws?id=798892 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Historical jewellery records defeat unexplained-money additions, while duplicate HUF brokerage without asset nexus remains non-deductible. https://www.taxtmi.com/caselaws?id=798893 https://www.taxtmi.com/caselaws?id=798893 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Double taxation of a receipt is barred where cash is already included in assessed land-MoU proceeds. https://www.taxtmi.com/caselaws?id=798894 https://www.taxtmi.com/caselaws?id=798894 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 68 credit verification requires transaction-wise proof of identity, capacity and genuineness before unexplained-income additions are determined. https://www.taxtmi.com/caselaws?id=798895 https://www.taxtmi.com/caselaws?id=798895 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Book profit for partner remuneration includes commercial gains on depreciable assets despite their deemed short-term capital-gains treatment. https://www.taxtmi.com/caselaws?id=798896 https://www.taxtmi.com/caselaws?id=798896 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Natural justice permits written representation where material submissions are considered, limiting rectification claims based on denied oral arguments. https://www.taxtmi.com/caselaws?id=798897 https://www.taxtmi.com/caselaws?id=798897 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Recorded cash deposits cannot be taxed as unexplained money when linked to accepted business receipts and reflected in books. https://www.taxtmi.com/caselaws?id=798898 https://www.taxtmi.com/caselaws?id=798898 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 87A rebate covers eligible short-term capital gains tax under the new tax regime for Assessment Year 2025-26. https://www.taxtmi.com/caselaws?id=798899 https://www.taxtmi.com/caselaws?id=798899 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Section 54F residential-house deduction extends to supported construction costs, while unsubstantiated furniture and fixture expenditure remains ineligible. https://www.taxtmi.com/caselaws?id=798900 https://www.taxtmi.com/caselaws?id=798900 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment scope limits prevent Section 80P deduction disallowance when recorded reopening issues produce no additions. https://www.taxtmi.com/caselaws?id=798901 https://www.taxtmi.com/caselaws?id=798901 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Survey surrender income for Assessment Year 2017-18 remains taxable at normal business rates, not enhanced Section 115BBE rates. https://www.taxtmi.com/caselaws?id=798902 https://www.taxtmi.com/caselaws?id=798902 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Obsolete inventory valuation follows net realisable value when supported records exist and Revenue lacks contrary valuation evidence. https://www.taxtmi.com/caselaws?id=798903 https://www.taxtmi.com/caselaws?id=798903 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Summary intimation after scrutiny notice is impermissible, making subsequent return adjustments void and requiring acceptance of returned income. https://www.taxtmi.com/caselaws?id=798904 https://www.taxtmi.com/caselaws?id=798904 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Recorded cash sales and unexplained money: deposits cannot be recharacterised without disproving business transactions or rejecting books. https://www.taxtmi.com/caselaws?id=798905 https://www.taxtmi.com/caselaws?id=798905 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment Scope Bars Separate Capital-Gains Addition When the Original Reopening Issue Fails Under Recorded Reasons https://www.taxtmi.com/caselaws?id=798906 https://www.taxtmi.com/caselaws?id=798906 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Penalty jurisdiction under Section 271D lay outside the Assessing Officer's powers, invalidating revision for non-initiation of proceedings. https://www.taxtmi.com/caselaws?id=798907 https://www.taxtmi.com/caselaws?id=798907 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment sanction requirements invalidate notices issued beyond three years without approval from the prescribed higher authority. https://www.taxtmi.com/caselaws?id=798908 https://www.taxtmi.com/caselaws?id=798908 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Interest-waiver eligibility requires reliance on a binding judicial order and full payment of the principal tax demand. https://www.taxtmi.com/caselaws?id=798909 https://www.taxtmi.com/caselaws?id=798909 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Approved resolution plans freeze unclaimed income-tax arrears, preventing recovery against corporate debtors after plan approval and fresh-start implementation. https://www.taxtmi.com/caselaws?id=798910 https://www.taxtmi.com/caselaws?id=798910 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment notices issued to dissolved merged entities are invalid when tax authorities know the merger. https://www.taxtmi.com/caselaws?id=798911 https://www.taxtmi.com/caselaws?id=798911 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Online GST appeal filing barriers raise access-to-justice concerns, with offline filing measures considered pending maintainability review. https://www.taxtmi.com/caselaws?id=798912 https://www.taxtmi.com/caselaws?id=798912 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Input tax credit conditions require supplier tax payment, with disputed transaction genuineness directed to statutory appeals. https://www.taxtmi.com/caselaws?id=798913 https://www.taxtmi.com/caselaws?id=798913 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Medical incapacity justified fresh GST assessment adjudication despite expired appeal limitation, subject to deposit and documented reply. https://www.taxtmi.com/caselaws?id=798914 https://www.taxtmi.com/caselaws?id=798914 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Penalty pre-deposit under Section 107(6) does not apply when the adjudication order includes a tax demand. https://www.taxtmi.com/caselaws?id=798915 https://www.taxtmi.com/caselaws?id=798915 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Supplier GST certificates require correct recipient GSTIN details before disputed tax demands can be reconsidered through fresh adjudication. https://www.taxtmi.com/caselaws?id=798916 https://www.taxtmi.com/caselaws?id=798916 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Foundational facts for fraud or suppression are mandatory; unsupported extended GST recovery notices are invalid. https://www.taxtmi.com/caselaws?id=798917 https://www.taxtmi.com/caselaws?id=798917 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Electronic GST appeal access preserved where portal limitations prevent filing against nil-demand orders after disputed payment. https://www.taxtmi.com/caselaws?id=798918 https://www.taxtmi.com/caselaws?id=798918 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Input tax credit eligibility tied to supplier tax payment faces interim stay pending constitutional review https://www.taxtmi.com/caselaws?id=798919 https://www.taxtmi.com/caselaws?id=798919 Mon, 14 Sep 2026 13:42:31 +0530 GST Case-Laws TaxLaws TaxTMI Customer-Specific Software Services Remain Outside VAT Where No Marketable Goods or Property Rights Are Transferred https://www.taxtmi.com/caselaws?id=798791 https://www.taxtmi.com/caselaws?id=798791 Mon, 14 Sep 2026 13:42:31 +0530 VAT Case-Laws TaxLaws TaxTMI Substitution of an entry retaining IT Products left the camera tax concession challenge academic and eligibility undecided. https://www.taxtmi.com/caselaws?id=798792 https://www.taxtmi.com/caselaws?id=798792 Mon, 14 Sep 2026 13:42:31 +0530 VAT Case-Laws TaxLaws TaxTMI Place-of-removal test governs post-depot service credit, while depot CF services qualify as input services. https://www.taxtmi.com/caselaws?id=798793 https://www.taxtmi.com/caselaws?id=798793 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Manufacture Requirement for Incidental Waste: Marketability and tariff listing alone cannot create central excise liability for sponge-iron residues. https://www.taxtmi.com/caselaws?id=798794 https://www.taxtmi.com/caselaws?id=798794 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Extended excise limitation requires deliberate suppression, preventing time-barred demands and consequential penalties where statutory records were available. https://www.taxtmi.com/caselaws?id=798795 https://www.taxtmi.com/caselaws?id=798795 Mon, 14 Sep 2026 13:42:31 +0530 Excise Case-Laws TaxLaws TaxTMI Staff-quarter construction and extended limitation: welfare housing is non-taxable, while bona fide uncertainty bars stale service-tax demands. https://www.taxtmi.com/caselaws?id=798796 https://www.taxtmi.com/caselaws?id=798796 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Builder-buyer residential construction taxability was limited by statutory exclusions, valuation relief, and normal limitation rules. https://www.taxtmi.com/caselaws?id=798797 https://www.taxtmi.com/caselaws?id=798797 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI CENVAT Credit Reversal under Rule 6 requires common credit, while disclosed reversals do not justify extended limitation. https://www.taxtmi.com/caselaws?id=798798 https://www.taxtmi.com/caselaws?id=798798 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Development rights as immovable property exclude service tax, while related input credit remains recoverable within normal limitation. https://www.taxtmi.com/caselaws?id=798799 https://www.taxtmi.com/caselaws?id=798799 Mon, 14 Sep 2026 13:42:31 +0530 Service Tax Case-Laws TaxLaws TaxTMI Supply of relied-upon documents and inspection opportunity satisfied natural justice, leaving provisional attachment confirmation unaffected. https://www.taxtmi.com/caselaws?id=798800 https://www.taxtmi.com/caselaws?id=798800 Mon, 14 Sep 2026 13:42:31 +0530 PMLA Case-Laws TaxLaws TaxTMI Director liability for unrealised export proceeds survives company liquidation when reasonable recovery steps remain unproven. https://www.taxtmi.com/caselaws?id=798801 https://www.taxtmi.com/caselaws?id=798801 Mon, 14 Sep 2026 13:42:31 +0530 FEMA Case-Laws TaxLaws TaxTMI Independent liquidation assessment is required before liquidation; viable settlements may justify restoring CIRP for withdrawal consideration. https://www.taxtmi.com/caselaws?id=798802 https://www.taxtmi.com/caselaws?id=798802 Mon, 14 Sep 2026 13:42:31 +0530 TaxLaws Case-Laws TaxTMI Prospective liquidation amendments cannot disrupt a going-concern sale process commenced under earlier governing regulations and liquidation order. https://www.taxtmi.com/caselaws?id=798803 https://www.taxtmi.com/caselaws?id=798803 Mon, 14 Sep 2026 13:42:31 +0530 TaxLaws Case-Laws TaxTMI Forensic audit evidence supports fraudulent transaction findings when management cannot rebut reliable records, sustaining creditor-protection contribution liability. https://www.taxtmi.com/caselaws?id=798804 https://www.taxtmi.com/caselaws?id=798804 Mon, 14 Sep 2026 13:42:31 +0530 TaxLaws Case-Laws TaxTMI CIF transaction value requires objective proof of undisclosed consideration; upstream FOB data cannot justify customs value enhancement. https://www.taxtmi.com/caselaws?id=798805 https://www.taxtmi.com/caselaws?id=798805 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Currency confiscation requires proven nexus to identifiable sales of smuggled goods; unsupported penalties and remand fail. https://www.taxtmi.com/caselaws?id=798806 https://www.taxtmi.com/caselaws?id=798806 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Refund limitation after provisional assessment begins upon valid communication of the finalisation order, making timely claims maintainable. https://www.taxtmi.com/caselaws?id=798807 https://www.taxtmi.com/caselaws?id=798807 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI Customs tariff classification of imported quicklime turns on whether it falls under the lime heading or chemical-products heading. https://www.taxtmi.com/caselaws?id=798809 https://www.taxtmi.com/caselaws?id=798809 Mon, 14 Sep 2026 13:42:31 +0530 Customs Case-Laws TaxLaws TaxTMI MAP-abeyance requests require reasoned consideration and effective hearing before first appellate proceedings can be validly disposed of. https://www.taxtmi.com/caselaws?id=798810 https://www.taxtmi.com/caselaws?id=798810 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Continuing default penalty ends when voluntary return filing becomes legally unavailable, not when reassessment return is filed later. https://www.taxtmi.com/caselaws?id=798811 https://www.taxtmi.com/caselaws?id=798811 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI TDS credit in Form 26AS remains with the deductee unless the prescribed Rule 37BA transfer process is followed. https://www.taxtmi.com/caselaws?id=798812 https://www.taxtmi.com/caselaws?id=798812 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Revised return can correct derivative-loss classification and require assessment without being rejected as a fresh claim. https://www.taxtmi.com/caselaws?id=798813 https://www.taxtmi.com/caselaws?id=798813 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Business-use land and sufficient interest-free funds support deduction of borrowing interest despite ongoing construction on part of the property. https://www.taxtmi.com/caselaws?id=798814 https://www.taxtmi.com/caselaws?id=798814 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI TNMM comparability rejects standalone turnover filters and confines transfer-pricing adjustments to associated-enterprise international transactions only. https://www.taxtmi.com/caselaws?id=798815 https://www.taxtmi.com/caselaws?id=798815 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Agreement-date stamp duty value governs property purchase taxation when qualifying bank payments precede registration, eliminating conveyance-date valuation addition. https://www.taxtmi.com/caselaws?id=798816 https://www.taxtmi.com/caselaws?id=798816 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Tax deduction on purchases is not required twice when the seller has already collected tax at source. https://www.taxtmi.com/caselaws?id=798817 https://www.taxtmi.com/caselaws?id=798817 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Overriding contractual obligation excludes a collaborator's sale-proceeds share from taxable income where documentary evidence establishes entitlement. https://www.taxtmi.com/caselaws?id=798818 https://www.taxtmi.com/caselaws?id=798818 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Limitation for reassessment notices invalidates proceedings for Assessment Year 2015-16, requiring the consequential assessment to be quashed. https://www.taxtmi.com/caselaws?id=798819 https://www.taxtmi.com/caselaws?id=798819 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Deletion of the sole quantum addition removes the foundation for concealment and inaccurate-particulars penalty. https://www.taxtmi.com/caselaws?id=798820 https://www.taxtmi.com/caselaws?id=798820 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Ad hoc contract-expense disallowance lacked basis where services were undisputed, limiting the adjustment to a modest proportion. https://www.taxtmi.com/caselaws?id=798821 https://www.taxtmi.com/caselaws?id=798821 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Transfer-pricing consistency requires reassessment where verified succeeding-year analysis finds no adverse arm's-length pricing inference for identical facts. https://www.taxtmi.com/caselaws?id=798822 https://www.taxtmi.com/caselaws?id=798822 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Assessment of a non-existent amalgamating company remains void when Revenue had prior notice of amalgamation. https://www.taxtmi.com/caselaws?id=798823 https://www.taxtmi.com/caselaws?id=798823 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Prospective application of property valuation tax rules prevents taxing pre-existing agreements with substantial prior banking-channel payments. https://www.taxtmi.com/caselaws?id=798824 https://www.taxtmi.com/caselaws?id=798824 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Tax withholding under a binding interim order protects a bank from default status for foreign travel concession payments. https://www.taxtmi.com/caselaws?id=798825 https://www.taxtmi.com/caselaws?id=798825 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Leave encashment exemption ceiling for non-Government employees extends to eligible earlier assessment years under beneficial notification. https://www.taxtmi.com/caselaws?id=798826 https://www.taxtmi.com/caselaws?id=798826 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Mandatory reassessment procedure invalidates reopening when recorded reasons are withheld despite the taxpayer's specific request after return filing. https://www.taxtmi.com/caselaws?id=798827 https://www.taxtmi.com/caselaws?id=798827 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Maximum marginal taxation under section 167B does not apply merely because a charitable trust lacks identifiable distributable beneficiaries. https://www.taxtmi.com/caselaws?id=798828 https://www.taxtmi.com/caselaws?id=798828 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Documented listed-share gains cannot be treated as unexplained cash credits without evidence linking the taxpayer to market manipulation. https://www.taxtmi.com/caselaws?id=798829 https://www.taxtmi.com/caselaws?id=798829 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Agreement-date stamp duty valuation governs property taxation when qualifying payments precede registration, subject to verification and recomputation. https://www.taxtmi.com/caselaws?id=798830 https://www.taxtmi.com/caselaws?id=798830 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Reassessment notice to a deceased assessee is void unless validly issued to the legal representative after death. https://www.taxtmi.com/caselaws?id=798831 https://www.taxtmi.com/caselaws?id=798831 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Transfer-pricing comparability requires economic support, while interest-limitation calculations exclude non-associated-enterprise interest and prevent duplicate disallowance. https://www.taxtmi.com/caselaws?id=798832 https://www.taxtmi.com/caselaws?id=798832 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Compulsorily convertible debentures remain debt until conversion, preventing transfer-pricing recharacterisation as equity and nil interest pricing without GAAR procedures. https://www.taxtmi.com/caselaws?id=798833 https://www.taxtmi.com/caselaws?id=798833 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Debt character of convertible debentures persists until conversion, while INR interest requires domestic lending-rate benchmarking. https://www.taxtmi.com/caselaws?id=798834 https://www.taxtmi.com/caselaws?id=798834 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Penny-stock capital gains: human-probabilities test treats documented trades as unexplained credits despite formal market evidence. https://www.taxtmi.com/caselaws?id=798835 https://www.taxtmi.com/caselaws?id=798835 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Stamp duty valuation follows the flat allotment date when consideration was fixed and banking-channel payment was made. https://www.taxtmi.com/caselaws?id=798836 https://www.taxtmi.com/caselaws?id=798836 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Concessional tax regime election fails where the return expressly rejects the option and claims cooperative deduction. https://www.taxtmi.com/caselaws?id=798837 https://www.taxtmi.com/caselaws?id=798837 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Recorded assessment-stage satisfaction is essential for cash-loan penalty proceedings; a later notice cannot cure its absence. https://www.taxtmi.com/caselaws?id=798838 https://www.taxtmi.com/caselaws?id=798838 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Pecuniary jurisdiction defects invalidate reassessment notices, consequential assessments, and penalties founded solely on resulting additions. https://www.taxtmi.com/caselaws?id=798839 https://www.taxtmi.com/caselaws?id=798839 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Gross-profit estimation requires defective books, while additions beyond limited scrutiny fail without valid conversion to complete scrutiny. https://www.taxtmi.com/caselaws?id=798840 https://www.taxtmi.com/caselaws?id=798840 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Specific statutory default in Section 271AAB penalty notices is essential; vague notices invalidate initiation and resulting penalties. https://www.taxtmi.com/caselaws?id=798841 https://www.taxtmi.com/caselaws?id=798841 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Treaty-rate taxation of Indian tax-refund interest limits tax for eligible Irish residents, while withholding-credit claims require verification. https://www.taxtmi.com/caselaws?id=798842 https://www.taxtmi.com/caselaws?id=798842 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Concealment penalty fails where business-interest disallowance is reversed and the taxpayer makes a bona fide claim with full disclosure. https://www.taxtmi.com/caselaws?id=798843 https://www.taxtmi.com/caselaws?id=798843 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Commercially expedient subsidiary acquisitions support interest deduction when borrowings fund business expansion rather than dividend income. https://www.taxtmi.com/caselaws?id=798844 https://www.taxtmi.com/caselaws?id=798844 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Partnership recovery notices distinguish firm assets from partners' personal assets, while valid auctions require proof of material defect. https://www.taxtmi.com/caselaws?id=798845 https://www.taxtmi.com/caselaws?id=798845 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Consequential assessment fails when its quashed revision order no longer provides jurisdiction, despite a pending Revenue challenge. https://www.taxtmi.com/caselaws?id=798846 https://www.taxtmi.com/caselaws?id=798846 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Post-return scrutiny notice is mandatory for reassessment; an earlier notice cannot be cured as a service defect. https://www.taxtmi.com/caselaws?id=798847 https://www.taxtmi.com/caselaws?id=798847 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Meaningful opportunity to respond requires considering uploaded replies before reassessment initiation; curtailed response time invalidated the process. https://www.taxtmi.com/caselaws?id=798848 https://www.taxtmi.com/caselaws?id=798848 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Inadequate verification of tax-deducted expenses renders an assessment erroneous and prejudicial, permitting revisionary action. https://www.taxtmi.com/caselaws?id=798849 https://www.taxtmi.com/caselaws?id=798849 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Additional evidence under Rule 29 requires fresh assessment where tribunal records prima facie establish filing of supporting materials. https://www.taxtmi.com/caselaws?id=798850 https://www.taxtmi.com/caselaws?id=798850 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Sufficient cause for delayed income-tax appeals requires diligence and credible evidence; unsupported administrative explanations cannot secure condonation. https://www.taxtmi.com/caselaws?id=798851 https://www.taxtmi.com/caselaws?id=798851 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI Exempt long-term capital gains raise distinct questions on inclusion in book profits under the minimum alternate tax regime. https://www.taxtmi.com/caselaws?id=798852 https://www.taxtmi.com/caselaws?id=798852 Mon, 14 Sep 2026 13:42:31 +0530 Income Tax Case-Laws TaxLaws TaxTMI TMI Updates - Newsletter dated: September 14, 2026 https://www.taxtmi.com/newsletter?id=09/14/2026 https://www.taxtmi.com/newsletter?id=09/14/2026 Daily Updates Tax