Month: February 2026
2,248 articlesIncome Tax
Income Tax
Deeming fiction of section 50C not extended while working WDV to claim depreciation on block of asset
Company Law
Company Law
Repeated application u/s. 94 of IBC dismissed as made with intention to defeat recovery proceedings under SARFAESI
Income Tax
Income Tax
Property Received Under Family Settlement Not Taxable u/s 56(2) — Gift Deed Only a Formal Consequence
Income Tax
Income Tax
Section 144 Assessment Upheld, Cash Addition Slashed Section 115BBE Disallowed – Partial Relief to Transporter
Income Tax
Income Tax
Ad-Hoc percentage basis Addition on Sundry Creditors Is Illegal – 41(1) Can’t Run on Presumptions
Custom Duty
Custom Duty
Engine Oil Cooler Classifiable as Heat Exchange Unit Due to Specific Functional Design: CAAR Mumbai
Custom Duty
Custom Duty
Washing Machine Use Not Enough to Classify Ceramic Resonator as Appliance Part: CAAR Mumbai
Income Tax
Income Tax
Controlled Cant Benchmark Controlled – Pro-Rata Commission TP Struck Down
Income Tax
Income Tax
WhatsApp Chats ≠ Unexplained Money – U/s 69A & 115BBE Crumble Without Cash or Ownership
Goods and Services Tax
Goods and Services Tax
Fraudulent ITC & Fake Invoices under GST: Applicability of Sections 73, 74, 122 & 132
Income Tax
Income Tax
Section 153C Valid, Bogus Purchases Fully Taxable Section 153D Approval Upheld – Assessee Loses on All Fronts
Income Tax
Income Tax
For Non-Searched Persons, Clock Starts on Receipt of Books – Revenue’s U/s 153C Theory Rejected
Income Tax
Income Tax
Cherry-Picked Comparables Rejected Assessees Set Ignored – TP Matter Sent Back for Fresh Benchmarking
Finance
Finance
