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Highlights / Annotations / Catch Notes For January of 2020

Home Highlights January January 2020 Year 2020

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Showing 151 to 200 of 551 Records

1 2 345 6 7 8........ 12

January 23, 2020 Case Laws Income Tax

Disallowance on account of foreign tour and travel expenses - expenses Incurred by the Director of the assessee company when not proved to be incurred for business......
January 23, 2020 Case Laws Income Tax

Addition u/s 68 - AO has stated in the assessment order that the assessee has introduced its unaccounted cash in the form of share capital through racket of entry......
January 23, 2020 Case Laws Income Tax

Estimation of net income from total ‘on money’ receipts - assessee had disclosed net profit of over 30% of total unaccounted ‘on money’ receipts - CIT(A) rightly......
January 23, 2020 Case Laws Income Tax

Addition u/s 43CA - transfer of business assets / property - stamp value - A s a tolerance limit of 5% between the value adopted by the stamp valuation authority and the....
January 23, 2020 Case Laws Income Tax

Revision u/s 263 - Bogus purchases - AO making disallowance @ 12.5% - the decision of the Assessing Officer in making addition applying the profit rate is in consonance.....
January 23, 2020 Case Laws VAT and Sales Tax

Issuance of C-form - The petitioner cannot seek a direction to respondents No.1 to 3 to issue the ‘C’ Form for the Financial Year 2012-13 after over four years, when the....
January 23, 2020 Case Laws Customs

Imposition of redemption fine - section 125 of CA - goods in question have already been released in favour of the assessee on a bond - the mere fact that the goods were.....
January 23, 2020 Case Laws Service Tax

Benefit of reduced penalty u/s 78 - the appellant had failed to deposit 25% of the imposed penalty before the issuance of show cause notice or within 30 days of......
January 23, 2020 Case Laws Service Tax

Refund of unutilized CENVAT Credit - Debiting the CENVAT account subsequent to the filing of the refund claim is only a procedural violation which cannot defeat the......
January 23, 2020 Case Laws Customs

Benefit of Indirect Tax Dispute Resolution Scheme, 2016 - a discharge certificate was issued by the designated authority accepting the payment from the declarant as full....
January 23, 2020 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - Corporate Debtor or not - M/s. Homestead Infrastructure Development Pvt. Ltd. (Corporate Debtor) reached agreement jointly with 'M/s. Golden Peacock....
January 22, 2020 Case Laws GST

IGST wrongly paid under CGST head - The petitioner Company directed to deposit the amount under the IGST head within a period of 10 days - No interest liability - The......
January 22, 2020 Case Laws Income Tax

Revision u/s 264 in favor of assessee - CIT rejected the application on the ground that, the assessee has filed application only against the order of assessment -......
January 22, 2020 Case Laws Income Tax

Revision u/s 264 - The assessing authority has duly considered the application of the assessee and after considering the same has recorded a finding that the assessee......
January 22, 2020 Case Laws Income Tax

Deduction u/s 80P - the entities registered under the Karnataka Souharda Sahakari Act, 1997 fit into the definition of “co-operative society” as enacted in sec.2(19) of.....
January 22, 2020 Case Laws Income Tax

Reopening of assessment u/s 147 - Issue of jurisdiction u/s 147 has been raised for the first time before the Tribunal- If an authority is found to have no jurisdiction.....
January 22, 2020 Case Laws Income Tax

Clubbing of income of spouse - Non-allowing of set off of business loss - Going by the Explanation 3 read in conjunction with section 64(1)(iv) of the Act, the entire......
January 22, 2020 Case Laws Income Tax

Proof of pudding is in the eating. The travel of assessee from losses to profits pursuant to the collaboration with the Arkadin SA, France is evident. Its acquisition of....
January 22, 2020 Case Laws Income Tax

Deduction of expenses u/s.37(1) - Expenses on pooja in temples located outside the factory premises and towards local area expenses claimed to be for social contribution....
January 22, 2020 Case Laws Income Tax

Penalty u/s 271E - violation of provisions of section 269T - Cash loan between relatives - Since the transactions have been entered between assessee and her husband, the....
January 22, 2020 Case Laws Income Tax

Penalty u/s 271(1)(c) - assessee has not declared interest income on loans and advances on ‘accrual basis’, even though the assessee was following mercantile system of......
January 22, 2020 Case Laws Income Tax

Bogus LTCG - Addition u/s 68 - The assessee remained non-cooperative before the AO as well as before the Ld. CIT(A) by not producing the Director before the revenue......
January 22, 2020 Case Laws Income Tax

Penalty u/s 271B - failure to get books of accounts audited u/s. 44AB - assessee under the bonafide belief failed to get the accounts audited and in such facts and......
January 22, 2020 Case Laws Companies Law

Validity of Arbitral Award - once the stage under Section 14 of the IBC, namely, moratorium with regard to continuation of pending proceedings against the Corporate......
January 22, 2020 Case Laws Service Tax

CENVAT Credit - capital goods - motor vehicle - cash vans - it has to necessarily prove that the same are registered in its name and that the same were registered in its....
January 22, 2020 Case Laws Service Tax

Imposition of penalty u/s 78 - based on the records, maintained by the appellant, the short payment of Service Tax on the GTA service was detected by the department. -......
January 22, 2020 Case Laws Central Excise

CENVAT credit - paints which were used for job work activities - cost of paints have been separately shown in the invoices and not recovered from the manufacture -......
January 22, 2020 Case Laws VAT and Sales Tax

Levy of Sales Tax - sale of goods imported from foreign country - to foreign bound ships as “ship stores” - sale or not - Since the goods are to be consumed on the board....
January 22, 2020 Case Laws Indian Laws

Dishonor of cheque - Responsibility of Director not engaged in day to day affair of the company - Director having majority shareholding - The complainant in his......
January 21, 2020 Circulars Customs

Clarification relating to import of gifts
January 21, 2020 Case Laws GST

Classification of goods - The Pharmaceutical Reference Standards (Prepared Laboratory Reagents) imported and supplied by the Appellant and classified under Tariff Item......
January 21, 2020 Case Laws GST

Maintainability of writ application - Release of seized goods alongwith conveyance - The writ-applicant should prefer an appeal under Section 107 of the Act before the......
January 21, 2020 Case Laws GST

Classification of goods - filters manufactured solely and principally for use by / in Indian Railways and supplied directly to Indian Railways - he classification of the....
January 21, 2020 Case Laws GST

Classification of activity - bus body building activity on the chassis provided by the principal as service - The activity of the applicant qualifies to be classified as....
January 21, 2020 Case Laws GST

Concessional rate of GST - the common amenities and areas are a part of ‘Affordable Housing Project’ and therefore the applicant will be entitled to benefit of......
January 21, 2020 Case Laws GST

Fraudulent input tax credit (ITC) - Vacation of interim protection granted to the petitioner - the petitioner is not joining the investigation, rather misusing the......
January 21, 2020 Case Laws Income Tax

Validity of reopening of assessment u/s 147 - The objections of the petitioner were dealt with on a point to point basis. - While passing the order the competent Revenue....
January 21, 2020 Case Laws Income Tax

Unexplained cash credit u/s 68 - cash has been deposited merely to generate funds in the bank account, whenever payments were required to be made by cheque. Therefore,......
January 21, 2020 Case Laws Income Tax

Unexplained cash credit - Addition u/s 68 - The several opportunities given to the assessee to persuade him to reveal the sources of income have already been mentioned......
January 21, 2020 Case Laws Income Tax

Revision u/s 263 - the claim of the assessee for the Terminal Excise Duty Refund in the present case was accepted by the Assessing Officer without making any inquiry......
January 21, 2020 Case Laws Income Tax

Bogus LTCG - unexplained cash credits u/s. 68 - when this tribunal fully agrees with the Appellate Assistant Commissioner, it need not record separate reasons than those....
January 21, 2020 Case Laws Income Tax

TP Adjustment - interest free loan given to its associated enterprise (AE) - Lower authorities have erred in going by the penal interest stipulation in the loan......
January 21, 2020 Case Laws Income Tax

TP Adjustment - Comparable selection - Merely because these companies have earned losses for the year under consideration would not lead to its exclusion without......
January 21, 2020 Case Laws Income Tax

Levy of late filing fee u/s. 234E - Late filing of TDS returns - AO while processing the TDS statements, returns in the present set of appeals of the period prior to......
January 21, 2020 Case Laws Income Tax

Nature of agricultural land sold - In the activities permitted on conversion of the land into farm house is restricted to the environmental friendly residence.......
January 21, 2020 Case Laws Income Tax

Higher rate of Deprecation on vehicles - the assessee that the assessee is eligible for higher rate of depreciation at the rate of 30%. Merely because the invoices......
January 21, 2020 Case Laws Customs

Import of new aircraft - Benefit of N/N. 21/2002-cus - The usage, of the impugned aircraft post import is not for non scheduled passenger/ charter air transport services....
January 21, 2020 Case Laws Companies Law

Approval of scheme of amalgamation - The valuer made a valuation disregarding the methodology, methods or share entitlement ratio even as stated by him in his valuation.....
January 21, 2020 Case Laws Service Tax

Business Support Services - reimbursement of expenses - Since the appellants had not disclosed the details of these transactions to the revenue in the ST-3 returns filed....
January 21, 2020 Case Laws Central Excise

Cenvat credit cannot be denied merely on the basis of the presumption that it might be a paper transaction as manufacturer of the scrap are non-existent.

1 2 345 6 7 8........ 12

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