TaxTMI SMS List

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Showing 1441 to 1455 of 1983 Records

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  Constitutional validity for Levy of ST/VAT on import of goods from outside India upheld - Article 286 do not impose any restriction - HC

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  Reassessment -Absence of notice u/s 143(2) -mere empty formality -shall not vitiate the reassessment after due service of notice u/s 147 -HC

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  Demand of service tax from principal contractor whereas work was executed by the sub-contractor - prima facie demand is not sustainable -Tri

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  IT - Exemption u/s 10(23C)(vi) -no stipulation in the trust deed regarding utilization of funds in case of winding up -defect is curable -HC

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  TDS u/s 194C - cinecasting / distribution of movies would be outside the purview of section 194C of the Income Tax Act, 1961 - No TDS - HC

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  Providing maintenance & repairs on behalf of M/s. Modi Xerox to the customers -taxable as business auxiliary service - demand set aside -Tri

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  Customs Duty was paid in excess to what was required to pay - no need to challenge the assessment of the Bill of Entry - Refund allowed -Tri

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  HC uphold the constitutional validity of circular stating that works contracts executed for SEZ units cannot have the benefit of zero rating

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  CENVAT Credit -Shortage of raw material - marginal variation due to weighment by different machines to be ignored if within tolerable limits

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  TDS on works contract - The fact that NECL could seek refund of the tax paid did not absolve KPCL of their statutory obligation to TDS - HC

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  100% EOU done detailed engineering & as per the specification & drawings, actual manufacture was outsourced -exemption u/s 10B allowed -HC

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  Levy of Fee for default in furnishing TDS return u/s 234E of the Income Tax Act, 1961 is not ultra-virus to the Constitution of India - HC

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  Provision for FCNR fluctuation loss not allowed as the liability has neither been ascertained nor crystallised as on Balance Sheet date -Tri

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  No interest u/s 234A is chargeable on the amount of self-assessment tax paid by the assessee before due date of filing of return of income

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  Area based exemption -CC not availed & duty paid from PLA claimed as refund -later full CC availed & less duty paid from PLA -no demand -Tri

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