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Highlights / Annotations / Catch Notes For January of 2017

Home Highlights January January 2017 Year 2017

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Showing 1 to 50 of 442 Records

12 3 4 5........ 9

January 31, 2017 News Indian Laws

Finance Minister Shri Arun Jaitley Presented Economic Survey 2016-17 in the Parliament as on 31.1.2017
January 31, 2017 News Indian Laws

Universal Basic Income (UBI) - UBI is a powerful idea whose time even if not ripe for implementation, is ripe for serious discussion
January 31, 2017 Case Laws Income Tax

Claim for exemption u/s 10(37) denied - revenue contended that it was the voluntary sale and not the result of compulsory acquisition - SC overruled the judgement of HC.....
January 31, 2017 Case Laws Income Tax

Addition of undisclosed net profit - addition relying upon one piece of paper which was provisional P&L Account - here was no other material available with the AO - No......
January 31, 2017 Case Laws Income Tax

Taxability in India - whether the said offices (LOs) could be regarded as PE ? - Held No - the functions performed by the expatriates in the liaison office were of......
January 31, 2017 Case Laws Service Tax

Valuation - Clearing and Forwarding services - since the service tax statute does not provide for inclusion of reimbursable exposes therein, the same should be outside......
January 31, 2017 Case Laws Service Tax

Works contract service - even as the services rendered by assessee are taxable for the period from 1st June 2007 to 30th September 2008 the narrow confines of the SCN do....
January 31, 2017 Case Laws Central Excise

CENVAT credit - various input services - none of the services availed are barred by exclusions (A) (B) (BA) and (C) in Rule 2 (l) of the CCR, 2004 - credit allowed - AT
January 31, 2017 Case Laws Central Excise

Valuation - petroleum products cleared from terminal point to company owned and company operated (COCO) outlets - Rule 8 of Central Excise Valuation Rules, 2000 cannot......
January 31, 2017 Case Laws Customs

The fine distinction between "detention" and "seizure" of the goods, if any, was lost, as the authorities chose not to release the goods in derogation of its own......
January 31, 2017 Case Laws Customs

Jurisdiction of revisional authority to take up the proceedings - smuggling of gold - since the rank of the Revisional Authority and that of the Appellate Authority was.....
January 31, 2017 Case Laws Customs

Eligibility for Concessional rate of duty - BCD - denial on the ground that goods were cleared without examination under the 'Risk Management System' which was a......
January 30, 2017 Case Laws Income Tax

Addition about the satellite income - Accrual of income - The reliance placed by Ld. DR of Rule 9A appears to be misplaced as Rule 9A has no relation with the method of.....
January 30, 2017 Case Laws Income Tax

Taxability of amount received - PE in India - DTAA - whether payments made by the assessee’s customers to it constituted royalty, in respect of software supplied? -......
January 30, 2017 Case Laws Income Tax

Depreciation on JCB Excavator, Motor Grader and Soil Compactor used in the business of construction of road exclusively - @ 15% OR 50% - if there are two views possible,....
January 30, 2017 Case Laws Income Tax

Unexplained cash credits u/s.68 - amount collected on behalf of its sister concern - all three relevant parameters of identity, genuineness and creditworthiness have not....
January 30, 2017 Case Laws Income Tax

Addition being 50% of the interest on housing property - in the absence of any actual financial contribution for acquiring the asset the mere addition of the name of the....
January 30, 2017 Case Laws Income Tax

Considering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the declared profit of 11.67% was more than the rate of 10%, the CIT(A) has.....
January 30, 2017 Case Laws Income Tax

Levy of penalty u/s.271(1)(c) - bogus purchase - surrender of income on account of investigation to buy the peace is not voluntarily - it is a fit case to levy the penalty - AT
January 30, 2017 Case Laws Income Tax

Whether the losses of the earlier years which has already been set off against the other incomes can be notionally brought forward and set off from the income of the......
January 30, 2017 Case Laws Income Tax

LTCG on sale of rights in land - AO was not empowered to adopt any valuation in place of actual sales consideration on the basis of his own notions or calculations -......
January 30, 2017 Case Laws Income Tax

Rectification of mistake - investments made u/s 54EC - original assessment order passed by the AO is proper and it does not call for any rectification. Consequently, the....
January 30, 2017 Case Laws Income Tax

Penalty u/s 271(1)(c) - assessee has not placed any material suggesting that the issue is debatable in view of the fact that there is a direct nexus between the advance.....
January 30, 2017 Case Laws Service Tax

Refund of unutilised credit - export of service - there is one-to-one relation and indefeasible right undeniable - The calculation should not deprive the appellant from.....
January 30, 2017 Case Laws Service Tax

CENVAT credit - forged invoices - duty paying documents - the transfer advice came from M/s. BSNL, Madurai exhibiting the duty element. Accordingly there should not be......
January 30, 2017 Case Laws Service Tax

CENVAT credit - services availed for export of goods - use of hired building - When the software professionals were housed in a hired campus used in software......
January 30, 2017 Case Laws Central Excise

CENVAT credit - input service - Business Auxiliary Service relating to sales commission - credit allowed - AT
January 30, 2017 Case Laws Central Excise

Classification of goods - not a printed article - product came out of the printing industry cannot fall under the Tariff Heading 482100 but shall fall under 490190 - AT
January 30, 2017 Case Laws Central Excise

Marketability of manufactured product - whether the Tissue Culture Media manufactured by appellant and consumed captively to manufacture anti-rabies vaccine was......
January 30, 2017 Case Laws Central Excise

Deemed Manufacture - activity of filing gases from tanker to individual cylinders, mixing more than one gases in specified proportion - labelling or relabelling - Scope.....
January 30, 2017 Case Laws Central Excise

SSI Exemption - determination of turnover - value of the chassis supplied by customers to the manufacturer appellant are not be included to determine the aggregate value....
January 30, 2017 Case Laws Central Excise

Once the appellant has crossed the SSI exemption benefit and starts paying central excise duty on their manufacturing they would be entitled to the facility of CENVAT......
January 30, 2017 Case Laws Central Excise

Copper scrap druid is a waste/scrap material of copper wire/cables having various types of insulations including plastic and therefore, the same falls under Chapter 85......
January 30, 2017 Case Laws Customs

Classification of import of Beef leather cut pieces - The goods are finished leather suitable for manufacture of car seat covers which may be classifiable in a chapter......
January 30, 2017 Case Laws Customs

Valuation - Levy of CVD on MRP based value - import of induction cookers in SKD - goods are subject to quality testing - Goods that are not subject to the prescription......
January 28, 2017 Case Laws Income Tax

Rejection of books of account - the rejection of books of account solely on the basis of non-maintenance of sales vouchers was not justified - AT
January 28, 2017 Case Laws Income Tax

Undisclosed cash credit - it is not necessary that because AO accepted the credit worthiness in case of other shareholder-companies, he should have accepted in case of......
January 28, 2017 Case Laws Income Tax

Computation of capital gain - transaction with a related party - The amount actually received was admittedly the amount mentioned in the sale agreement - AO did not find....
January 28, 2017 Case Laws Income Tax

Rental income - whether should be based on the earning of the APPL-company, which runs a business centre in the said premises and also other rentals from other tenants......
January 28, 2017 Case Laws Service Tax

Works contract - Valuation - no levy of service tax on the value of goods used in tyre retreading as distinctly shown by appellant in its invoices - AT
January 28, 2017 Case Laws Service Tax

Works Contract - abatement under N/N. 12/2003 - Once the authority is satisfied that there was use of spare parts/components and value thereof is ascertainable, such......
January 28, 2017 Case Laws Service Tax

CENVAT credit - appellants are not eligible to avail and utilize CENVAT credit on towers, tower parts and pre-fabricated building/shelters. - AT
January 28, 2017 Case Laws Central Excise

The services which were crucial for maintaining the staff colony, such as lawn mowing, garbage cleaning, maintenance of swimming pool, collection of household garbage,......
January 28, 2017 Case Laws Central Excise

Valuation - demand of differential central excise duty on the ground that the retained amount is not actually paid as VAT to Government and hence will be additional......
January 28, 2017 Case Laws Customs

Benami import - misdeclaration of value of goods being watches (with sweat band) - it is very difficult to disturb the assessable value determined by the Customs for the....
January 28, 2017 Case Laws Customs

100% EOU - Mis-declaration of imported goods - Aluminium Paste/Flakes - When the testing laboratory made chemical analysis and that proved to be mis-declared goods as......
January 28, 2017 Case Laws Customs

Classification of ladies leather footwear - sandals or chappals? - Revenue, acted upon prejudice and a preconceived notion that ladies sandals cannot be without a back......
January 28, 2017 Case Laws VAT and Sales Tax

Who is required to declare the goods (consignment in the Railway train) - PVAT - U/s 51 (at the relevant time), the declaration in terms of the first proviso to Section.....
January 27, 2017 News Indian Laws

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961
January 27, 2017 Case Laws Income Tax

Revision u/s 264 - though not as a challenge to Section 143(1) notice, when the petitioner has filed a revised return and has sought for interference by the......

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C: Clarifications on the applicability of concessional duty under IGCR Ru...

C: Withdrawal of Master Circular on issuance of No Objection Certificate ...

C: Mandatory additional qualifiers in import declarations in respect of c...

C: Implementation of automation in the Customs (Import of Goods at Conces...

N: Specifying Forms prescribed in Appendix-II of the Income Tax Rules 196...

N: Securities and Exchange Board of India (Bankers to an Issue) (Amendmen...

N: Securities and Exchange Board of India (Buy-Back of Securities) (Secon...

H: Excess Input Tax Credit penalty appeal dismissed due to delay; court a...

H: Chit Funds Commission Not Subject to GST: High Court Quashes Notice.

H: Taxability of Additional Surcharge by Electricity Distribution Company...

H: Transport agency's bundled services disqualify it from GST exemption f...

H: Compensation for surrendering intellectual property rights treated as ...

H: Cooperative society eligible for tax deduction on interest from cooper...

H: Taxman overreached by turning limited scrutiny into wide-ranging probe...

H: TDS credit limited to income in return, excess related to past years' ...

H: Genuine anonymous donations not taxable. Grants not income if utilized...

H: Property investment source verification not valid grounds for reopenin...

H: Income Tax Assessment Notice Issued by Non-Jurisdictional Officer Quas...

H: Foreign tech firm wins case: No permanent establishment or royalty tax...

H: Simplified taxation for non-resident shipping biz: 7.5% presumptive in...

H: Freight charges paid to foreign shipping co. not taxable royalty or ch...

H: Software License & ICT Service Fees Taxability Re-examined - Royalty o...

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

F: assessment order

F: Transfer of ITC without filing ITC-02

A: Electronic Liability Register

A: From Inception to Exit- A Complete Guide to LLP Registration, Closure,...

A: Appeal filed beyond condonable period after writ proceedings disposal ...

A: Common Mistakes to Avoid While Making Income Tax Payments

F: PRE-DEPSOIT ISSUES