Taxation Law
No reopening of assessment when the alleged accommodation entries have been repaid
This judgment reinforces the accountability of tax authorities to substantiate claims of income escapement and highlight...
Search and seizure under Section 132 - Court has no power to review "reasons to believe"
The court concluded that the search was neither arbitrary nor malicious and was conducted in accordance with the law. It...
Tax Assessment - Where no time limit is prescribed for finalisation, the authority must exercise its jurisdiction within a reasonable period.
This judgment highlights the Court's adherence to procedural fairness and underscores the importance of timely resolutio...
Amount received by a non-resident corporate entity from its Indian distributor not taxable as 'royalty'
The ruling reiterates the Tribunal's position that the payments received by Factive Limited are not for transferring any...
Customs - Gold bars recovered from a domestic passenger at the airport - Can not be confiscated.
This ruling underscores the necessity for Customs officials to exercise due diligence and form an independent, reasonabl...
Income Tax - Penalty cannot be levied when additions are made on the basis of ad hoc estimation of profit or guesswork
This decision reinforces the principle that penalty provisions necessitate strict construction and cannot be levied on m...
Bangalore ITAT Remands Andante Foods LLP Transfer Pricing Case for Fresh Review
This ruling will likely have broader implications for multinational enterprises engaged in international transactions, e...
ITAT Kolkata Allows CSR Donation Deductions and Condones ESI Payment Delay for SREI Equipment Finance Limited
The tribunal's decision underscores a balanced approach to statutory compliance, allowing legitimate deductions while ac...
Service Tax demand raised solely on the basis of CBDT data without corroborative evidence is impermissible.
The case revolved around a service tax demand amounting to Rs. 14,65,820, which was based solely on data from the Centra...