The issue was whether contractor deposits could be treated as unexplained credits. The Tribunal held they were genuine trade ...

The Tribunal held that complete disallowance was excessive despite lack of full documentation. It allowed 50% deduction considering business necessity. Key takeaway: partial evidence can justify ...

The issue was addition of cash found during search claimed to belong to the assessee’s mother. The Tribunal allowed partial relief, accepting some explanations based on evidence and probabilities ...

Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that rectification must be sought to enable appeals and protect statutory ...

The Tribunal upheld reduced addition as earlier years’ rulings fixed profit element at 0.2%. It stressed that consistent facts require consistent treatment. Key takeaway: uniform approach must be ...

The issue was whether delay in filing appeal can be condoned when assessment order was not served. ITAT held that non-service constitutes sufficient cause, requiring fresh adjudication on ...

The issue was whether seat adjustment components qualify as seat parts or auto parts. CESTAT held they are integral seat parts under CTI 9401, overturning reclassification and duty ...

The analysis clarified that shareholder protection is ensured through ultimate parent consolidation. Hence, intermediate ...

The law was enacted to impose stricter penalties for sacrilege, including long-term imprisonment and heavy fines. It establishes broader accountability and aims to deter offences through a ...

The issue was failure to pass a final assessment order after DRP directions within the statutory timeline. The Court held the assessment invalid and time-barred, quashing the ...

The ruling clarifies that payments for off-the-shelf software are not royalty. It eliminates TDS liability unless a permanent establishment ...

Emergency customs relaxations introduced during the maritime crisis expire on 30 April 2026, leaving exporters uncertain. The framework provided procedural relief but failed to address key issues like ...