Learn the exemptions available under Sections 54 to 54GB of the Income-tax Act, including eligible investments, timelines, exemption limits, and withdrawal conditions. The document also reflects amendments made by the Finance Act, 2026.
CESTAT held CRC was not payable as Customs failed to prove full-day deployment. MOT charges alone applied for limited supervision services.
CESTAT held the HS code in the Certificate of Origin cannot override Customs Tariff classification. Exemption and all consequential relief were allowed.
ITAT held that low declared income alone cannot negate creditworthiness where loans were genuine, documented, received and repaid through banking channels.
ITAT held that mandatory interest can still be examined for correct computation. CIT(A)’s ex parte dismissal without merit-based adjudication was set aside.
ITAT restored an appeal after finding the delay was linked to notices sent to a former consultant and directed fresh disposal on merits after hearing.
ITAT held that a clerical error in selecting the wrong ITR column cannot defeat an otherwise valid deduction under Section 80P(2)(a)(i).
Calcutta HC held that criminal proceedings cannot be used to recover civil dues after failed IBC proceedings where essential criminal ingredients are absent.
Calcutta HC held that attachment under Section 107 BNSS requires objective “reason to believe,” not suspicion or assumption, while permitting a fresh application.
Karnataka HC held that a Section 148A(b) notice granting less than seven days for compliance is invalid, making all consequential proceedings unsustainable.
