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Highlights / Annotations / Catch Notes For October of 2017

Home Highlights October October 2017 Year 2017

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Showing 151 to 200 of 256 Records

October 11, 2017 Case Laws VAT and Sales Tax

Classification of Brake Fluid - it is not at all lubricating either the brake or any part which is under the braking system. - By no stretch of imagination, Brake Fluid.....
October 11, 2017 Circulars Income Tax

Scope of comparison of information contained in the return - Provision of section 143(1)(a)(vi) would not be invoked to issue intimation proposing adjustment to the......
October 10, 2017 Circulars Customs

Existing system will be used to make immediate payment of refund of IGST on Exports w.e.f. 10th October 2017 till 14th October 2017. The payment through PFMS portal......
October 10, 2017 Case Laws Income Tax

Any device adopted to reduce or inflate the profits of eligible business has to be rejected. The assessees/appellants want 100% deduction, without taking into......
October 10, 2017 Case Laws Income Tax

Section 69B cannot be invoked on the assumption that there was understatement of the investment, without a finding that the assessee invested more than what was recorded....
October 10, 2017 Case Laws Income Tax

Registration of trust u/s 12AA - In the absence of such corroborative evidence, it is not possible to come to any conclusion that the assessee indulged in money......
October 10, 2017 Case Laws Income Tax

Revision u/s 263 - Merely because that the AO did not discuss these details in the assessment order does not mean that he has not applied his mind.
October 10, 2017 Case Laws Customs

Classification of Outdoor Point of Sales Terminal (OPOS) - classifiable under CTH 84718000 or under CTH 85371000 - the character of the goods may be examined by practical demonstration
October 10, 2017 Case Laws Service Tax

Department deems these duty free shops in foreign territory - no Service Tax is chargeable at the first instance on rent for rental of Customs Bonded Warehouse (Duty......
October 10, 2017 Case Laws Service Tax

The place of provision of services is the place where duty free shop is located, which is admittedly beyond Customs Frontiers - Even in the Integrated Goods And Services....
October 10, 2017 Case Laws Service Tax

Leasing of license - The licence can be granted even before the manufactory comes into existence. From the above Rules it is apparent that licence by itself is not a......
October 10, 2017 Case Laws Service Tax

Collection of toll - They have not been engaged in the said activity as business. In such case it cannot be said that the Respondents has been providing auxiliary......
October 10, 2017 Case Laws Service Tax

Life Insurance Services - The Traditional golden plan which does not have any risk cover and thus being not liable to tax falls under the category of exempted service at....
October 10, 2017 Case Laws Service Tax

Export of services - Since the Indian rupee is received from the recipient of services through their foreign bank, Bank of America, USA, the receipt of Indian rupee......
October 9, 2017 News GST

No extension of last date for filing GSTR-1 for July, 2017
October 9, 2017 Circulars Customs

Refund of IGST paid on export of goods under Rule 96 of CGST Rules 2017
October 9, 2017 Notifications Indian Laws

Scheme of budgetary support under Goods and Service Tax Regime to the units located in specified states - refund of 58% of CGST or 29% of IGST paid through debit in the cash ledger
October 9, 2017 Case Laws Income Tax

Though the property was once an agricultural land, its acquisition was for non-agricultural purposes, the assessee did not carry on any agricultural activity in the land....
October 9, 2017 Case Laws Income Tax

TDS u/s 194H - the distributor can only be termed as an agent of assessee in which event providing service to ultimate consumer through the medium of distributor cannot.....
October 9, 2017 Case Laws Income Tax

Revision u/s 263 - Scope of the Tribunal to examine correctness of the exercise of jurisdiction by the Commissioner is wide enough and not limited and restricted to the.....
October 9, 2017 Case Laws Income Tax

Application u/s 80G(5)(vi) - Since the assessee denied to have incurred any expenditure on religious activity for any particular community, therefore, assessee cannot be....
October 9, 2017 Case Laws Income Tax

The trust is discretionary trust. Hence, it is liable to be assessed as per the provisions of Sec.164(1) at maximum marginal rate.
October 9, 2017 Case Laws Income Tax

The entire R&D activities was carried on by the assessee for the benefit of its parent company and not for itself - Therefore, one of the basic conditions of Section......
October 9, 2017 Case Laws Customs

There can be no levy of anti-dumping duty in the “gap” or interregnum period between the lapse of the provisional duty and the imposition of the final duty
October 9, 2017 Case Laws Central Excise

100% EOU - the exporter-assessee is entitled to the claim of the refund filed for the Additional Duty of Excise paid on the HSD oil for use in the manufacture of export product
October 9, 2017 Case Laws Central Excise

Classification of rough castings (Plummer Blocks Housing for Bearing) - the castings coming out of casting moulds up to the stage of proof machining and requiring......
October 8, 2017 Case Laws Customs

Classification of goods imported as ‘Video Door Phone’ - Learned authority rightly classified the goods under the CTH 8517
October 7, 2017 Notifications Money Laundering

Government rescinded the notification under PMLA - specifying the reporting entity - the dealer in precious metals, precious stones and other high value goods having a......
October 7, 2017 Case Laws Central Excise

CENVAT credit - place of removal - warehouse situated outside India - Since tax was not, in the first instance, payable and the appellants merely have taken credit of......
October 7, 2017 Case Laws Central Excise

The refund of cenvat credit should be allowed even in circumstances when exports were not made under bond, although it is a requirement of Rule 5 as well as Rule 6(6)(v) of CCR.
October 7, 2017 Case Laws Central Excise

Classification of goods - news print - It is not necessary that the buyer should be compulsorily print the newspaper - The criteria is limited to the buyer should be......
October 7, 2017 News GST

Package of relief and incentives for exporters with immediate affect
October 6, 2017 News Indian Laws

Recommendations made by the GST Council in its 22nd Meeting held today under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley in......
October 6, 2017 News GST

Changes in GST Rates for Goods
October 6, 2017 News GST

Changes in IGST EXEMPTION ON IMPORTS OF GOODS
October 6, 2017 News GST

GST: Relief for SMEs, threshold for composition scheme raised
October 6, 2017 News GST

GST to facilitate ease of doing business: EU
October 6, 2017 Case Laws Income Tax

Disallowance u/s. 40(a)(i) - payment for maintenance of aircraft and engine/repairs - payee does not have PE in India - assessee is not required to deduct tax at source u/s 195
October 6, 2017 Case Laws Income Tax

Disallowance of deduction u/s. 54B - Belated filing of return - Due date for furnishing the return of income as per section 139(1) is subject to the extended period......
October 6, 2017 Case Laws Income Tax

Allowability of interest expense - In absence of establishing the necessary nexus being between the borrowings and the investments in the mutual funds, it can safely be.....
October 6, 2017 Case Laws Customs

The department cannot be compelled to follow an earlier interim order, which has merged with a simple closure of writ petitioner, without there being any adjudication on the merits - HC
October 6, 2017 Case Laws Customs

Importer/actual user cannot be called upon to pay duty on negligible percentages of storage or transit loss etc.
October 6, 2017 Case Laws Indian Laws

Offence u/s 138 of the NI Act - it cannot be said that the cheques given by way of security are only an empty exercise and that the lender has no authority to present......
October 6, 2017 Case Laws Central Excise

Method of valuation - MRP based value or transaction value - on the pack no MRP mentioned and the packs also bore the mention that Free not for sale. Therefore, the......
October 6, 2017 Case Laws VAT and Sales Tax

Reversal of input tax credit - ITC availed of need not be reversed merely because goods purchased are sent temporarily outside the State for the purposes of job work. - HC
October 5, 2017 Case Laws Income Tax

Condonation of delay - removal of office objections - As a result Revenue officials are grossly negligent, we hold that there is no sufficient cause for condoning this......
October 5, 2017 Case Laws Income Tax

Capital Gains - Even if it is assumed that transfer of shares of the said company amounted to transfer of plot of land, in the absence of any evidence of extra amount......
October 5, 2017 Case Laws Income Tax

Validity of best judgement assessment u/s 144 - notice issued u/s 143(2) is clearly barred by limitation and hence, consequent assessment order passed by the A.O. u/s......
October 5, 2017 Case Laws Income Tax

Assessee is entitled for 100% depreciation in respect of vinyl flooring, false ceiling, glass and wooden partitioning, electrical wiring, Net work cabling etc., in the......
October 5, 2017 Case Laws Income Tax

TPA - international transaction - any further adjustment only on the basis of the outstanding receivables would have distorted the picture and recharacterised the transaction

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