Reassessment - addition on a transaction unconnected with recorded reasons Validity of an addition for the difference between stamp duty valuation and consideration of property purchased, where the recorded reasons for reopening concerned a different property sold by the assessee - HELD THAT: - The income forming the basis of the recorded reasons was not assessed or reassessed, and the addition ultimately made related to a distinct property transaction not covered by those reasons. Applying C... ... ...

Interest on delayed associated-enterprise receivables as an international transaction - Set-off of associated-enterprise trade payables against receivables - Foreign-currency benchmarking of interest on associated-enterprise receivables - Aggregation of sales and related credit-period transactions for arm's length determination TP Adjustment - Interest on delayed associated-enterprise receivables as an international transaction - Arm's length credit period for associated-enterprise re... ... ...

Validity of transfer of income-tax cases u/s 127 - Jurisdiction for search assessment following invalid transfer - Transfer of income-tax case without notice, reasons or communication - Jurisdiction of Assessing Officer under section 153A Validity of the transfers of the assessee's case from Kalaburagi to Belagavi and thereafter to Bellary, and the jurisdiction of the Assessing Officer to issue notice and complete the search assessment pursuant to such transfers - HELD THAT: - Section 127... ... ...

Unexplained cash credit - unsecured loan from alleged accommodation-entry provider - Interest disallowance on alleged non-genuine loan - HELD THAT: - Following the coordinate Bench decision in REAL INNERSPRING TECHNOLOGIES PVT. LTD. [2025 (3) TMI 1434 - ITAT DELHI] a factually similar matter, the Tribunal held that a loan received and repaid through banking channels along with interest, supported by relevant documentation, cannot be treated as non-genuine merely because the lender was alleged to... ... ...

TP Adjustment - Idle-capacity adjustment under TNMM - Transfer pricing operating income and corresponding expenditure - Transfer pricing comparability analysis - Natural justice in transfer pricing determination - Inventory obsolescence provision and stock valuation - Foreign exchange gain as operating income - Depreciation on application software - Seconded employees' salary reimbursement and withholding tax Idle-capacity adjustment under TNMM - Idle-capacity adjustment in determining th... ... ...

Interest on tax refund - effect of settlement under Kar Vivad Samadhan Scheme - Finality of unchallenged appellate directions Entitlement to interest on the tax refund arising from set-off of brought-forward loss, where the earlier Tribunal direction excluded interest to the extent covered by the Kar Vivad Samadhan Scheme declaration - HELD THAT: - The earlier Tribunal direction permitted refund of tax consequent upon the set-off but expressly denied interest on the refund to the extent cover... ... ...

Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.

India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.

Arunachal Pradesh State GST revises the Serial No. 1 entry for specified supplies distributed through government-approved welfare programmes. The entry covers unit-container food preparations for free distribution to economically weaker sections and Fortified Rice Kernel (Premix) supplied for ICDS or similar approved schemes. The related condition replaces "food preparations" with "goods", and the amendments take effect from 1 October 2021.

The introductory provision for the special procedure applicable to registered manufacturers of specified goods is amended to state that the procedure will operate from 1 January 2024. This effective-date qualification is deemed to have been inserted from 31 July 2023, attaching both a stated operational date and a deemed insertion date to the existing special procedure.

Constitution of the Tamil Nadu Authority for Advance Ruling under section 96(1) of the Tamil Nadu Goods and Services Tax Act, 2017 establishes a two-member State advance-ruling body. The members are Tmt. D. Jayapriya, Additional Commissioner of GST and Central Excise, and Tmt. T. Indira, Joint Commissioner (Commercial Taxes) holding full additional charge. The revised composition replaces the earlier constitution of the advance-ruling mechanism.

Special procedure for registered persons engaged in manufacturing specified goods stands withdrawn under the Tamil Nadu Goods and Services Tax Act, 2017, through rescission of the earlier notification that prescribed that procedure. Actions already taken, or omissions occurring, before the rescission remain unaffected. The rescission is deemed effective from 1 January 2024.

Arunachal Pradesh GST rate schedules are amended retrospectively from 1 July 2017. Mineral or chemical fertilisers under tariff headings 3102, 3103, 3104 and 3105 are inserted in the 2.5% State tax schedule when not clearly intended for non-fertiliser use. Specified Schedule II entries are omitted, while nitrogenous fertilisers clearly not intended for use as fertilisers are placed in the 9% State tax schedule. The Schedule I coverage for Chapter 30 is expanded, and spectacles are revised to exclude corrective spectacles.

Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.

Tamil Nadu SGST Schedule I entries taxable at 2.5% are amended by substituting the tariff-classification entries against serial numbers 165 and 165A. Both entries are revised to cover tariff headings 2711 12 00, 2711 13 00 and 2711 19 10. The substituted classifications apply with deemed effect from 4 January 2024.

The concessional GST rate for composite works contracts supplied to Government Entities excludes works intended for commerce, industry, business, or profession. The exclusion of public-authority activities from business applies only to the Central Government, State Government, and local authorities, not to Governmental Authorities or Government Entities. Tourism ropeway construction is business-oriented, is not covered by entries concerning roads, bridges, terminals, or railways, and falls under entry 3(xii), attracting GST at 18%.

Arunachal Pradesh SGST registration exemption is corrected by omitting the words "section 23" appearing in the first line after the words "section 3 of" in Notification No. 2/2017-State Tax dated 28 June 2017.

Arunachal Pradesh State Tax rate schedule is corrected at two entries. Serial number 59 is amended by replacing the reference to heading "9" with "7, 9 or 10". Serial number 102 is amended by replacing the reference to heading "2302" with "2301, 2302". These corrections apply for the purposes of Notification No. 2/2017-State Tax (Rate).

Cash deposits made during the demonetisation period were treated as satisfactorily explained where they were linked to earlier withdrawals retained for the assessee's daughter's marriage. The inference that substantial marriage expenditure must have depleted those funds could not be sustained without material disproving the explanation. A simple marriage conducted at a Gurudwara with close relatives was not shown to be inconsistent with retention of the withdrawn cash. The addition as unexplained money was therefore deleted.

Reverse-charge liability for certain specified supplies of goods is amended by substituting the recipient entry against serial number 6. The revised entry covers the Central Government, excluding the Ministry of Railways (Indian Railways), State Government, Union territory and local authority. The substituted recipient classification takes effect from 20 October 2023.