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Showing 1 to 20 of 25 Records Search Text: sahara credit cooperative society limited registration |
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2024 (2) TMI 306 - CESTAT ALLAHABAD Classification of service - Business Auxiliary Service or not - Reimbursement of expenses - CENVAT Credit - Time limitation - penalty - Interest. Classification of service - Business Auxiliary Service or not - It is the submission of the appellant that the act of accepting the deposits is without any consideration and hence cannot be termed as service - HELD THAT:- The activity of accepting deposits is a service. From the perusal of the definition, it is found that the word used in cl... ... ...
2017 (3) TMI 79 - ITAT PUNE Denial of exemption u/s.11 - Held that:- There is no dispute to the fact that the assessee is a charitable trust running various educational institutions. It is the allegation of the revenue that the trust is collecting capitation fee in the garb of donation and was therefore running with a profit motive. However, we find neither the Assessing Officer nor any of the persons who have stated before the department that they have given donation for getting admission has complained to the Government... ... ...
2017 (1) TMI 1471 - ALLAHABAD HIGH COURT Capital gain computation - consideration paid for free-hold -lawful right or interest in the property - Assessee transfers his land by way of "capital contribution" and becomes a partner in the firm, does it result in transfer in terms of Section 2 (47) of Act, 1961 or the term ''transfer' has to be construed in the light of Act, 1882 - Whether Tribunal has erred in law in holding that full value of consideration shall be determined as per Section 45 (3) and not under Section 50C of Act, 1961? ... ... ...
2016 (2) TMI 175 - GUJARAT HIGH COURT Constitutionality of Sardar Sarovar Narmada Nigam Limited (Conferment of Powers to Redeem Bonds) Act, 2008 - Held that:- The impugned Sardar Sarovar Narmada Nigam Limited (Conferment of Power to Redeem Bonds) Act, 2008 does not fall within the legislative head or legislative field either under Entry 43 in the State List being ‘Public Debt of the State’ or under Entry 20 in the Concurrent List being ‘Economic and Social Planning’, to the Seventh Schedule of the Constitution nor it traces legisla... ... ...
2015 (11) TMI 591 - SECURITIES APPELLATE TRIBUNAL MUMBAI Guilty of sponsoring and managing “Collective Investment Scheme” without obtaining certificate of registration from SEBI - contravention of Section 12(1B) of the Securities and Exchange Board of India Act, 1992 and Regulation 3 of the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Held that:- Except finding fault with the appellant in not seeking registration before operating the scheme, no fault is found in the scheme operated by the appellant. In ot... ... ...
2018 (12) TMI 1751 - ITAT DELHI Assessment u/s 153A - whether section 153C of the Income-tax Act, 1961 [hereinafter referred to as 'the Act' for short], to the extent it, inter alia, enables the Assessing Officer to issue notice to third parties, on the basis of satisfaction that any money, bullion, any jewellery or other valuable article or thing or books of account or documents seized or requisitioned belongs or belong to a person other than the person referred to in section 153A i.e. the person searched? - sati... ... ...
2018 (12) TMI 1606 - ITAT DELHI Assessment u/s 153C - mandate of recording satisfaction - scrutiny of incriminating documents found at the residence of Shri Miglani and also from the office of UPDA reveals that illegal payments were made by various Distilleries to various public servants - Held that:- AO has to firstly rule out that the books of account or documents seized do not belong to the person searched. The satisfaction note exhibited elsewhere clearly shows that nowhere it has been ruled out that the documents seized... ... ...
2021 (2) TMI 582 - ITAT DELHI Undisclosed investment in land - addition on the basis of statement made during the course of search and seizure proceedings - basis of analysis of the seized documents a diary in the handwriting of Sh Tushar Kumar which was found from the office premises of the company and some other connected documents thereof - HELD THAT:- Total consideration for purchase of land at Dehradun was ₹ 20, 30, 27, 000/-. Hence, it cannot be said that the amount of ₹ 3.01 Cr. has been paid in cash. H... ... ...
Finance Act, 2007 - Explanatory Notes on provisions relating to Direct Taxes Explanatory Notes to the provisions of the Finance Act, 2007 Circular no. 3/ 2008, dated 12-3-2008 Amendment at a glance Section/Schedule Particulars Finance Act. 2/First Schedule. Rate structure. 3.1-3.3.10 Income-tax Act. 2(1C), 2(1D), 2(7A), 2(9B), 120(4)(b). Clarificatory amendment to the definition of Assessing Officer and definition of certain other Income Tax Au... ... ...
2020 (4) TMI 878 - ITAT DELHI Assessment u/s 153A - Validity of the assessment order in absence of proper approval necessary for assessment as per the provisions of section 153D - HELD THAT:- Approval was given in a mechanical manner by the Addl.CIT to the draft assessment orders passed by the AO. As mentioned earlier, the AO has submitted the draft assessment orders on 30th March, 2015 as per the order sheet entry which indicated that the AO was very much available in her office at Dehradun on 30th March, 2015. The Of... ... ...
2013 (3) TMI 390 - Supreme Court Collective investment scheme as defined under Section 2(ba) read along with Section 11AA of the SEBI Act - vires of Section 11AA of the SEBI Act challenged - PGF Limited contested that since indisputably the business of the PGF Limited was sale and development of agricultural land, the same would be governed by Entry 18 of List II, namely the State subject and, therefore, the Central Legislation brought about by the Parliament in introducing Section 11AA of the SEBI Act cannot be sustained - H... ... ...
2012 (9) TMI 559 - Supreme Court Listing of Optionally Fully Convertible Debentures ('OFCDs') on any recognized stock exchange in India being Public Issue under Section 73 r.w.s. 60B - Whether SEBI has the power to investigate and adjudicate relating to issue and transfer of securities by listed public companies matter as per Sec 11, 11A, 11B of SEBI Act and under Sec 55A of the Companies Act Or is it the MCA which has the jurisdiction under Sec 55A (c) of the Companies Act ? - Held that:- SEBI Act is a special law, a complete... ... ...
2016 (6) TMI 106 - ITAT HYDERABAD Computation of income - sales computation - reference to special audit u/s.142(2A) - Held that:- In the present case, the books of the assessee cannot be accepted due to the complexity of the nature of business and maintenance of books of account at the same time the recasted profits & loss computed by the special auditor also has reliability issue, which were computed based on presumptions. This is the fit case to estimate the income of the assessee. In this given situation, the presumptive ra... ... ...
2008 (11) TMI 295 - ITAT LUCKNOW-A Computation of capital gains on transfer of land to partnership firm - invoking the provisions of section 50C and applying DM circle rates - by taking the substance of the transaction into consideration, the market value of the land transferred to the firm as capital contribution was adopted by invoking s. 50C. HELD THAT:- We are of the considered view that s. 45(3), s. 50C and s. 55A operate in different spheres and they can be invoked when conditions laid down in those sections are satis... ... ...
2017 (7) TMI 1164 - RAJASTHAN HIGH COURT Denial of natural justice - not allowing the Assessee to cross-examine the witnesses by the Adjudicating Authority though the statements of those witnesses were made the basis of the impugned order - Addition of on money received with respect to subject land of the assessee which was evidence by the document seized during search u/s 132 - non making available opportunity of cross-examining - Held that:- Taking into consideration the observation made by the Tribunal regarding not allowing cro... ... ...
2016 (6) TMI 1292 - ITAT COCHIN Determination of “head of income” - Treatment of income received/accrued under an agreement - business income or income from other sources - as submitted the appellant has leased the plant and machinery along with the labour, responsibility for repair and maintenance, insurance, compliance with labour law, etc. the same is akin to a “wet lease” and should be regarded as business income - Held that:- Scheme envisaged joint operation of the plant on an irrecoverable lease of eight years in consi... ... ...
Changes proposed in service tax law and procedure in Union Budget 2010-11 - regarding Government of India Ministry of Finance Department of revenue Tax Research Unit D.O.F. No.334/1/2010-TRU New Delhi , dated 26th February 2010 To All Chief Commissioner/Directors General All Commissioners of Central Excise All Commissioners of Central Excise Customs All Commissioners of Service Tax Dear Madam/Sir, Subject: The Finance Minister has introduced the Finance Bill, 2010, in the Lok Sabha on 26th February 2010. Clause 75 and 7... ... ...
2024 (10) TMI 696 - ITAT JAIPUR The court allowed the assessee's appeal, declaring the assessment under Section 153A invalid due to the absence of incriminating material found during the search. Additions made by the AO, including discrepancies in declared income and alleged bogus expenses, were deemed unjustified based on the evidence and explanations provided. The revenue's appeal was dismissed.
2023 (8) TMI 1186 - ITAT AHMEDABAD Addition u/s 50C v/s 45(3) - Capital contribution in the partnership firm by way of transfer of Land (capital assets) by the partner - HELD THAT:- As provision of section 50C(1) of the Act is general provision in the given facts and circumstances whereas the provision of section 45(3) is specific provision dealing with the specific transfer of capital assets by the partner to partnership firm by way capital contribution. It is the accepted rule of construction that special provisions would pr... ... ...
2022 (6) TMI 670 - CALCUTTA HIGH COURT Bogus LTCG - genuine v/s sham transaction - burden of proof - penny stock purchases - colourable devices adopted in the process or not? - reliance on expert advice to buy shares - manipulation of share prices Surabhi Chemicals and Investment Limited as part of colourable device to generate fictitious LTCG with the aim to evade taxes due - as per AO transactions were stage managed with the object to facilitate the assessee to plough back its unaccounted income in the form of fictitious Long... ... ...
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