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Highlights / Annotations / Catch Notes For December of 2012

Home Highlights December December 2012 Year 2012

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Showing 51 to 100 of 197 Records

December 24, 2012 Case Laws Service Tax

Good Transport Agency - demand of service tax - When consignment notes are not issued by the operator they cannot be considered as a "Goods Transport Agency" - AT
December 22, 2012 Case Laws Income Tax

Unaccounted Cash Credit - the assessee is a HUF which claims that Rs.2.15 lakhs was given as loan by the wife of the Kartha to the HUF. - Addition confirmed - HC
December 22, 2012 Case Laws Income Tax

The allowability or otherwise of deduction under section 80 IB(10) is not dependent upon the manner in which the profit has been distributed among the members of AOP but....
December 22, 2012 Case Laws Income Tax

Transfer of Asset – whether covered by the word “otherwise” contained in section 45(4) -Once the assets have been removed from the capital account of the partners and......
December 22, 2012 Circulars Companies Law

Filing of Form 68 for rectification of mistakes in Form 1, Form 1A and Form 44-regarding. - Circular
December 22, 2012 Notifications Companies Law

Recognition of MCX Stock Exchange Ltd - Notification
December 22, 2012 Notifications Companies Law

Delegation of Powers U/s 388 B, 388C, 388E to RBI (Banking Regulation Act) - Notification
December 22, 2012 News Indian Laws

Passage of the new Companies Bill by Lok Sabha and introduction of the Competition Commission of India (Amendment) Bill 2012 in the Parliament are the highlights of the.....
December 21, 2012 Circulars FEMA

External Commercial Borrowings (ECB) for Micro Finance Institutions (MFIs) and Non-Government Organizations (NGOs) - engaged in micro finance activities under Automatic.....
December 21, 2012 Notifications Customs

Seeks to levy Safeguard Duty on Import of Carbon Black From China - Notification
December 21, 2012 Case Laws Income Tax

Deduction u/s 80IA - whether the assessee is entitled to deduction u/s 80IA of the Act on the net interest income on employees loans & advances, interest on margin money....
December 21, 2012 Case Laws Income Tax

Disallowance u/s 43-B - amounts deposited in (PLA) - For the purpose of claiming benefit of deduction of the sum paid against the liability of tax, duty, cess, fee,......
December 21, 2012 Articles Indian Laws

ALLOWABILITY OF PRIOR PERIOD EXPENSES - Article
December 20, 2012 Case Laws Income Tax

TDS u/s 194A - payment of interest by the partner to the partnership firm - the position of legal relationship as prevailing under the Partnership Act should not be......
December 20, 2012 Case Laws Income Tax

There is a clear distinction between the NOSTRO interest earned/paid by the assessee from/to its own Head office/overseas branches and NOSTRO interest paid/earned......
December 20, 2012 Case Laws Income Tax

Violation of sec. 13(1)(c) - As the assessee has failed to prove that application of fund by the trust was for charitable purpose appeal of revenue allowed. - AT
December 20, 2012 Case Laws Income Tax

The expression “any expenditure” used in section 37 is to cover both “expenses incurred”as well as an amount,which is really a “loss”,even though such amount has not......
December 20, 2012 Case Laws Income Tax

Penalty u/s 271AAA - the assessee could not be denied the immunity u/s 271AAA(2) only because entire tax, along with interest, was not paid before filing of income tax.....
December 20, 2012 Circulars Companies Law

Filling of Balance Sheet and Profit and Loss Account in extensible Business Reporting Language (XBRL) mode for the financial year commencing on or after 01.04.2011-......
December 20, 2012 Circulars FEMA

Exim Bank's Line of Credit of USD 16.88 million to the Government of the Republic of Gambia - Circular
December 20, 2012 Circulars Income Tax

Instructions - E-Payment of Tribunal Fees the respective Challans are to be counter signed by the concerned bank manager or attested by the authorized Representatives or....
December 20, 2012 Circulars VAT and Sales Tax

Clarification regarding payment of tax on monthly basis by Quarterly Dealers whose tax liability exceeds one lakh rupees. - Circular
December 20, 2012 Notifications Customs

Amend in notification No 10/2008 – Customs, dated 15th January 2008, so as to further deepen the tariff concessions in respect of goods imported from Singapore under......
December 20, 2012 Notifications Income Tax

Double taxation agreement - Agreement with foreign countries or specified territories - Notified 'Specified Territory' - Notification
December 19, 2012 Case Laws Central Excise

Manufacture - Service Tax - where an activity amounts to manufacture assessee can not escape from excise liability on the ground of payment of service tax under the......
December 19, 2012 Case Laws Service Tax

Cargo Handling Service – Demand of Service Tax - any services provided within the factory premises would not come under the definition of Cargo Handling Services. - AT
December 19, 2012 Case Laws Service Tax

Cenvat credit - Final rejection of centralized registration cannot be held to be a justifiable reason for denial of the credit. - AT
December 19, 2012 Case Laws Income Tax

Reassessment - The statute having thus fixed the assessment year in which the entire past accumulated income falls to be taxed, it is impermissible in law for the......
December 19, 2012 Case Laws Income Tax

Mere inclusion of land in the special zone without any infrastructure development thereupon or without establishing and proving that the land was put into use for......
December 19, 2012 Case Laws Income Tax

Principle of netting or set off - The delay in payment of the sale proceeds and the delay in repayment of the borrowing are both intertwined; one gives rise to interest.....
December 19, 2012 Case Laws Income Tax

Exemption u/s 54EC - sale of depreciable assets - the benefit of Section 54E will be available to the assessee irrespective of the fact that the computation of capital......
December 19, 2012 Case Laws Income Tax

Concept of mutuality - mere deduction of tax at source by person making the payment in our humble understanding, cannot lead to the conclusion that receipt was taxable in nature - AT
December 19, 2012 Case Laws Income Tax

Deduction u/s 80IC - interest awarded in an arbitration proceeding for delayed payments under a contract was to be recorded as business income and could not be treated......
December 18, 2012 Notifications SEZ

Set up a Multi-product Special Economic Zone at Dimapur in the State of Nagaland; - Notification
December 18, 2012 Circulars DGFT

Amendments in Appendix 5 of the Handbook of Procedures (Vol.I) - Public Notice
December 18, 2012 Circulars DGFT

Enlistment of agencies authorized to issue Certificate of Origin – Non-Preferential. - Public Notice
December 18, 2012 Case Laws Income Tax

Deemed dividend u/s 2(22)(e) - merely stating in the object clause that the business of the assessee company was money lending cannot be held that the case of assessee.....
December 18, 2012 Case Laws Income Tax

Deemed dividend u/s 2(22)(a) - perquisite u/s 2(24)(iv) - CIT(A) is not justified to hold that it is perquisite benefit given by HPPL to its shareholder and not the......
December 18, 2012 Case Laws Income Tax

Loss from derivatives transactions is to be allowed to be set off against the profit arising out of delivery based transactions as both are speculative/deemed......
December 18, 2012 Case Laws Income Tax

Deemed dividend u/s 2(22)(e) - Assessee has only given a colour to the transactions so as to characterise the same as in the nature of trade advance. Therefore......
December 18, 2012 Case Laws Income Tax

Re opening of assessment - rules of Department requiring a compulsory scrutiny of such cases, cannot in any way be deemed as a reason to believe that there was......
December 17, 2012 Circulars VAT and Sales Tax

Regarding Taxability of Set Top Boxes (STBs). - Circular
December 17, 2012 Notifications Customs

Seeks to Amend notification No.82/2008-Cus,dated 27.06.2008. - Notification
December 17, 2012 Notifications Customs

Rescinds Notification No.41/2011-Cus. dated. 23rd May, 2011 - Notification
December 17, 2012 Notifications Customs

Seeks to levy Anti-dumping duty on imports of Sodium Hydrosulphite, originating in, or exported from People’s Republic of China, for a further period of five years - Notification
December 17, 2012 Notifications Customs

Modify final anti-dumping duty on imports of Cable Ties, originating in, or exported from the People’s Republic of China and Taiwan and imported into India, imposed vide....
December 15, 2012 Case Laws Service Tax

Banking and other Financial services - Appellants contention that being a bank run by co-operative society, they would not be liable to pay Service Tax is not tenable - AT
December 15, 2012 Case Laws Customs

Review of order of anti-dumping duty - statute does not provide any remedy by way of review. - Tribunal cannot exercise review powers and only rectification of mistake......
December 15, 2012 Case Laws Companies Law

A mistake by a clerk or an accountant, which may be considered or allowed or overlooked as inadvertent error, cannot be overlooked lightly or casually if committed by a.....
December 15, 2012 Case Laws Income Tax

Taxability of interest on FD received from bank - concept of mutuality -the income cannot be said to have been derived from any activity based on principle of mutuality - HC

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