Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Tax Updates - TMI e-Newsletters

Home e-Newsletters Index Year 2014 October Day 22 - Wednesday

TMI e-Newsletters FAQ
You need to Subscribe a package.

Newsletter: Where Service Meets Reader Approval.

TMI Tax Updates - e-Newsletter
October 22, 2014

Case Laws in this Newsletter:

Income Tax Customs Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



Highlights / Catch Notes

    Income Tax

  • Applicability of section 80IA(10) – AO has also not pointed out any specific item of the eligible unit which is debited by the head office - assessee is entitled for benefit of Section-80 IA - HC

  • Taxability of prize money of 1 kg. of gold won by the assessee – The expression 'lottery' would involve an element of 'chance' whereas when a person is making investment in a scheme like Savings Scheme then there is no element of 'chance' nor he loses any money invested by him - HC

  • Customs

  • Rejection of transaction value - There is no evidence of any contemporaneous imports of similar or identical goods nor is there any price available for similar goods - transaction value has to be accepted - AT

  • Service Tax

  • Business Support service - Service of providing assured water infrastructure facility to the industries of Borai Industrial Growth Centre - prima facie the activity is not taxable - AT

  • Waiver of pre deposit - Renting of equipments - right to use - appellants leased out the vacuum insulated storage tanks to the customers - Possession has been transferred - prima facie case is in favor of assessee - AT

  • Central Excise

  • Area Based Exemption - courts cannot extend the benefit of this exemption for the period prior to the date of opting for the exemption, therefore, on merits, the case is in the Department’s favour. - however decided in favor of assessee on the ground of period of limitation - AT

  • VAT

  • Imposition of purchase tax on sugarcane - Even though the withdrawal of the sugar policy is arbitrary and has been passed without any application of mind, we are not inclined to quash the said order dated 04.06.2007 as we are of the opinion that the petitioner would get the relief even without the quashing of the order dated 04.06.2007. - HC


Articles


Notifications


News


Case Laws:

  • Income Tax

  • 2014 (10) TMI 549
  • 2014 (10) TMI 548
  • 2014 (10) TMI 547
  • 2014 (10) TMI 546
  • 2014 (10) TMI 545
  • 2014 (10) TMI 544
  • 2014 (10) TMI 543
  • 2014 (10) TMI 542
  • 2014 (10) TMI 541
  • 2014 (10) TMI 540
  • 2014 (10) TMI 539
  • 2014 (10) TMI 538
  • 2014 (10) TMI 537
  • 2014 (10) TMI 536
  • 2014 (10) TMI 535
  • 2014 (10) TMI 534
  • 2014 (10) TMI 533
  • 2014 (10) TMI 532
  • 2014 (10) TMI 531
  • 2014 (10) TMI 530
  • Customs

  • 2014 (10) TMI 555
  • 2014 (10) TMI 554
  • 2014 (10) TMI 553
  • 2014 (10) TMI 552
  • 2014 (10) TMI 551
  • Service Tax

  • 2014 (10) TMI 569
  • 2014 (10) TMI 568
  • 2014 (10) TMI 567
  • 2014 (10) TMI 566
  • 2014 (10) TMI 565
  • 2014 (10) TMI 564
  • 2014 (10) TMI 563
  • 2014 (10) TMI 562
  • Central Excise

  • 2014 (10) TMI 560
  • 2014 (10) TMI 559
  • 2014 (10) TMI 558
  • 2014 (10) TMI 557
  • 2014 (10) TMI 556
  • CST, VAT & Sales Tax

  • 2014 (10) TMI 561
  • Indian Laws

  • 2014 (10) TMI 550
 

Quick Updates:Latest Updates