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Highlights / Annotations / Catch Notes For November of 2023

Home Highlights November November 2023 Year 2023

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Showing 51 to 100 of 501 Records

123 4 5 6........ 11

November 28, 2023 Case Laws Income Tax

Validity of reopening of assessment - ‘reason to believe’ v/s 'reason to suspect' - allegation of issue of shares on premium to paper companies - Since AO has not......
November 28, 2023 Case Laws Income Tax

Income taxable in India - Royalty receipts - benefit of DTAA - non-resident corporate entity - the amount received by the assessee towards reimbursement of cost of......
November 28, 2023 Case Laws Income Tax

Setoff / adjustment of interest expenditure with interest received from partnership firm - There is direct link with the loan creditors and the capital introduced in the....
November 28, 2023 Case Laws Income Tax

Treatment to income surrendered during survey on account of excess stock - business income or unexplained stock u/s 69B r.w.s.115BBE - the value of article/stock of the.....
November 28, 2023 Case Laws Income Tax

Exemption u/s 11 - rejection of registration u/s 12AA as applicant trust has been formed to implement the CSR activities and not amenable to public charity - in the......
November 28, 2023 Case Laws Income Tax

Unexplained investment for purchase of land - Assessee contended that the investment has been made by him out of the disclosure made by the partnership firm which has......
November 28, 2023 Case Laws Income Tax

Addition u/s. 69A - income surrendered during survey - undisclosed business income or income from other sources - What has been found during survey is excess stock of......
November 28, 2023 Case Laws Customs

Refund of the value of the goods that were seized and confiscated - Auction of goods by the Customs Department - the order of seizure were set aside - petitioner claims.....
November 28, 2023 Case Laws Customs

Levy of ADD - import of horizonal plastic injection moulding machines in the guise of “parts and components” - The process involved for completion of the manufactured......
November 28, 2023 Case Laws Service Tax

Extended period of limitation - In this era of self-assessment, the facts would not have been revealed had investigations into the appellants’ activities not been......
November 28, 2023 Case Laws Service Tax

Refund of service tax paid - SEZ Units - Failure to fulfill the conditions of exemption notification - the exemption notifications issued under the Finance Act, 1994 are....
November 28, 2023 Case Laws Central Excise

Recovery of CENVAT Credit wrongly availed - allegation of non-receipt of material - it is a settled law that where there are tangible documentary evidence in favour of......
November 28, 2023 Case Laws Central Excise

Invocation of Extended period of Limitation - Even if there was any additional duty payable by the appellant, the same would be admissible as CENVAT credit to its own......
November 28, 2023 Case Laws VAT and Sales Tax

Recovery of tax dues of the partnership firm from the retired Partner - it is apparent that the Department could not have proceeded against the appellant for realisation....
November 28, 2023 Case Laws Indian Laws

Dishonour of Cheque - Oreder of conviction and sentence of accused - insufficient funds - Neither at the time of handing over the cheques nor at the time of seizure nor.....
November 27, 2023 Case Laws GST

Refund of GST (amount paid twice) - tax paid in respect of arecanuts that were being transported without a valid E-Way Bill - Undisputedly, the tax penalty and fine......
November 27, 2023 Case Laws GST

Seeking review of assessment order - Input Tax Credit - Even though statutory notices were issued to the appellant, she did not respond - When a show cause notice is not....
November 27, 2023 Case Laws GST

Validity of SCN - In the present case, the petitioner has not been deprived from availing the input tax credit as of now, but the show cause notice has been issued......
November 27, 2023 Case Laws GST

Exemption from GST - activity of affiliation - Entry 66 to Notification No.12/2017 (as amended) is confined only to services relating to admission to, or conduct of......
November 27, 2023 Case Laws Income Tax

Nature of expenses - Taking computers and vehicles taken on lease - deduction of payment of principal amount as revenue expenditure - financial lease or operational......
November 27, 2023 Case Laws Income Tax

Addition made by CIT(A) on a new source - CIT(A) power to make an enhancement /addition upon an issue which does not arise from....
November 27, 2023 Case Laws Income Tax

Computation of capital gain - Disallowance of Brokerage Payment paid in respect of sale of land - It was decided by the parties that complete payment would be paid......
November 27, 2023 Case Laws Income Tax

Revision u/s 263 enlarging scope of limited scrutiny - PCIT want to enlarge the scope of limited scrutiny for which power is not available with the PCIT u/s. 263 of the Act, - AT
November 27, 2023 Case Laws Income Tax

Accrual of Income in India - Dependent Agent - PE in India or not? - DR has not brought on any material to show that RGA Services has utilized its assets or assumed any.....
November 27, 2023 Case Laws Customs

Valuation - Rejection of Transaction value - Demand of differential Customs Duty - the reasons given for rejecting the transition value, is against the provisions of......
November 27, 2023 Case Laws Customs

Levy of penalty - delay of 5-6 days in filing of EGM from the date of sailing of the ships - the Appellant has raised various procedural and practical issues and......
November 27, 2023 Case Laws Insolvency and Bankruptcy

Approval of Resolution Plan - extinguishment of security interest and the guarantees - Resolution Plan in question has consciously dealt with securities and personal......
November 27, 2023 Case Laws Income Tax

Denial of Set off brought forward losses by applying provisions of section 79 - Change in share holding pattern between both the shareholders - the view expressed by the....
November 25, 2023 Case Laws GST

Levy of penalty levied u/s 122 - delay in depositing the tax so collected beyond a period of three months - In the facts of case, the maximum penalty imposable was Rs.......
November 25, 2023 Case Laws GST

Refund claim - Transfer of amount paid as GST Cess - it appears that the petitioner has not been vigilant in responding to the notices issued to the petitioner, inasmuch....
November 25, 2023 Case Laws GST

Refund of GST - wrongful payment of tax @ 18% IGST instead of 5% - the first respondent is entitled for refund as per the order passed by the second respondent and the......
November 25, 2023 Case Laws GST

Availment of excess input tax credit - difference between Form GSTR 2A and Form GSTR 3B for the tax period 2017-18 - Taking into consideration Circular dated 27.12.2022,....
November 25, 2023 Case Laws GST

Condonation of delay of 59 days in filing appeal before the Appellate Authority - there is no dispute that appeal is filed after expiry of 60+30 days. - The period......
November 25, 2023 Case Laws GST

Right to make application either cancellation for revocation or by filing appeal - Registration Cancellation order not available - The petitioner cannot be a remediless.....
November 25, 2023 Case Laws Income Tax

Export income - The expressions “derived from” and “since” are used in multiple instances in the Act. - Deduction u/s 80HHC - Unless the context does not permit, the......
November 25, 2023 Case Laws Income Tax

Validity of Reassessment order u/s 147 - Non-service of notice u/s 143(2) - Considering the provisions of Sections 292B and 292BB of the Act, when the petitioner had......
November 25, 2023 Case Laws Income Tax

Validity of Reopening of assessment - The mere submission of books of accounts and the certificate issued by the Statutory Auditor would not amount to the fact that the.....
November 25, 2023 Case Laws Income Tax

Penalty u/s 271(1)(c) - debatable issue - Since the assessee-respondent had not suppressed the amount in question and had disclosed it in its return, merely because he......
November 25, 2023 Case Laws Income Tax

Validity on assessment order u/s 153C r.w.s. 143(3) in the absence of notice u/s 143(2) - defective assessment order - whether curable defect u/s 292BB? - For Section......
November 25, 2023 Case Laws Income Tax

Maintainability of appeal before HC - ITAT dismissed the appeal of the Revenue on the ground that tax effect does not exceed the monetary limit, i.e. tax effect of Rs.......
November 25, 2023 Case Laws Income Tax

Reopening of assessment u/s 147 - reasons to believe - roving enquiry - accommodation entries - The exercise undertaken by revenue and the reasons to reopen the......
November 25, 2023 Case Laws Income Tax

Allowable revenue expenditure - Uphaar Cinema fire case - compensation liability - nature lo liability - There is no doubt that the compensation so granted by way of......
November 25, 2023 Case Laws Income Tax

LTCG on 'Sale of Co-ownership Land' - Having adopted the DVO’s valuation in one of the co-owners case who is the brother of the assessee for the assessment year i.e.......
November 25, 2023 Case Laws Income Tax

TP Adjustment - TPO did not propose any adjustment. - AO deviated from the order of TPO. - where TPO has not proposed any adjustment and valuation has been adopted by......
November 25, 2023 Case Laws Income Tax

Disallowance of salary expenses u/s 40A(2)(b) to relatives of the Directors - AO cannot sit on the arm chair of the assessee-company`s Board of Directors and decide that....
November 25, 2023 Case Laws Income Tax

Write back of sundry creditors - assessee claimed relief of write back of sundry creditors on account of sanction granted by the BIFR - The assessee made Miscellaneous......
November 25, 2023 Case Laws Income Tax

Unexplained cash deposits in bank account - The claim of the assessee remained as a bald claim only followed by no evidence. Why the depositors will deposit their funds.....
November 25, 2023 Case Laws Income Tax

Addition u/s 40A - cash purchases - Once the genuineness of the cash payment for purchasing the movie rights have been considered by the revenue authority with respect......
November 25, 2023 Case Laws Income Tax

Revision u/s 263 - Agricultural income - the assessee has only proved that the land is an agricultural land. The assessee in order to prove the agricultural income had......
November 25, 2023 Case Laws Income Tax

Disallowance of construction expenditure incurred after the issue of occupation certificate (OC) - It is seen that the nature of work which was incurred by the assessee.....

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F: Stock damaged in recent floods

F: GST on Solar Plant

A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...

A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...

F: Transfer of ITC without filing ITC-02

F: assessment order

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

H: Sale-purchase loss disallowed unreasonably by tax officer, commercial ...

H: Building sale value can't determine depreciation; actual consideration...

H: Loan to equity conversion attracts income tax on excess share premium ...

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

A: No GST is applicable for the services provided by the Director under p...

A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...