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Highlights / Annotations / Catch Notes For December of 2020

Home Highlights December December 2020 Year 2020

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Showing 201 to 250 of 449 Records

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December 18, 2020 Case Laws Income Tax HC

Court Affirms Bid Loss Deduction Based on Income Tax Act, Not Book Entries; Legal Framework Prevails in Assessments.
December 18, 2020 Case Laws Income Tax HC

High Court Dismisses Revenue's Appeal, Upholds ITAT Decision on Section 68 Addition Relief Granted by CIT(A.
December 18, 2020 Case Laws Income Tax HC

High Court Affirms Tribunal's Decision on Goodwill Allocation; Upholds Depreciation Claims for Intangible Assets u/s 32(1)(ii).
December 18, 2020 Case Laws Income Tax HC

Court Upholds Addition u/s 68 for Unexplained Loan; No Written Contract or Creditor Identity Established.
December 18, 2020 Case Laws Income Tax HC

Tax Clearance Certificate for Travel: Decision Must Be Evidence-Based, Not Arbitrary, u/s 230(1A.
December 18, 2020 Case Laws Customs HC

Customs Commissioner Denies Refund Claim for Auctioned Betel Nuts; Ownership Certificate Deemed Insufficient Evidence.
December 18, 2020 Case Laws Customs AT

Commissioner Overstepped: Customs Broker License Revocation and Penalty Deemed Unjustified by Court Decision.
December 18, 2020 Case Laws Customs AT

Old Digital Devices from Singapore Released with Fines Instead of Confiscation Under Customs Law.
December 18, 2020 Case Laws Companies Law Tri

Tribunal Restores Company Name to Register, Prioritizing Justice and Business Operations Over Strict Legal Adherence.
December 18, 2020 Case Laws Service Tax HC

Sabka Vishwas Scheme Inapplicable: Amount Not in ST-3 Returns, Deadline Passed, Pre-Demand Deposits Not Considered.
December 18, 2020 Case Laws Service Tax AT

Service with License Fee to SAP AG Classified as IT Software Service, Taxable on Reverse Charge Basis, Not Franchise.
December 18, 2020 Case Laws Central Excise HC

High Court Restores Appeal After CESTAT Dismissal Due to Misunderstanding on COD Permission Requirement.
December 18, 2020 Case Laws Central Excise AT

CENVAT Credit Admissible for Appellant After Duty-Paid Goods Clearance in 2017-18, per Amended Provisions.
December 18, 2020 Case Laws Indian Laws HC

Court Upholds Conviction for Cheque Dishonor; Reduces Sentence to 18 Months Rigorous Imprisonment and Compensation.
December 17, 2020 Case Laws GST HC

Court Grants Bail to Applicant in GST Exemption Misinterpretation Case; Rs. 75 Lakhs Deposited During Investigation.
December 17, 2020 Case Laws Money Laundering HC

Court Denies Anticipatory Bail in Money Laundering Case; Emphasizes Need for Further Investigation and Custodial Interrogation.
December 17, 2020 Case Laws Service Tax HC

Court Excludes Stay Order Period from Limitation Calculation for DGCEI Investigation u/s 73(1) of Finance Act.
December 17, 2020 Case Laws Income Tax HC

Tribunal Deletes Penalty for Inflated Agricultural Income; Tax Appeals Dismissed Due to Low Tax Effect u/s 158BFA.
December 17, 2020 Case Laws Customs AT

Penalty Imposed on Importer for Violating Conditions on Canadian Green Peas; Deterrent Fine Added by Commissioner.
December 17, 2020 Case Laws Income Tax AT

Reopening of Assessment u/s 147 Invalid Due to Incorrect Facts Recorded by Assessing Officer.
December 17, 2020 Case Laws Income Tax AT

Reopening Assessments: Revenue Not Obligated to Issue Notice u/s 143(2) if Assessee Fails to Respond Timely.
December 17, 2020 Case Laws Income Tax AT

Rectification u/s 154 Corrects Omission of Bank FDR Interest in Assessment Order, Not a Debatable Issue.
December 17, 2020 Case Laws Income Tax AT

For 2015-16, forfeited advances reduce asset value for capital gains tax, not immediately taxable.
December 17, 2020 Case Laws Income Tax AT

Section 41(1) Addition Challenged: Material Purchases Accepted by AO, Can't Be Bogus Liability Without Evidence of Cessation.
December 17, 2020 Case Laws Income Tax AT

Section 68 Addition Deleted: Share Application Money Credited in Wrong Assessment Year, Company Had No Net Worth.
December 17, 2020 Case Laws Income Tax AT

Grain Dealer's Tax Evasion: Income Diversion via Fake Family Transactions Confirmed by Tax Authorities.
December 17, 2020 Case Laws Income Tax AT

Manufacturing Agreement Limits Production to Specific Company; CUP Method Deemed Unsuitable for Benchmarking API Imports.
December 16, 2020 Case Laws GST HC

Court Orders Revised IGST Refund Form Submission for Export to UK; Follow Circular No. 40/2018-Customs Within One Week.
December 16, 2020 Case Laws Income Tax AT

No Evidence Found of International Transactions for AMP Expenses Beyond AE Reimbursement Under MDF Agreement.
December 16, 2020 Case Laws GST HC

GST Refund Claim Rejected Due to Silent Notice; Violation of Natural Justice Principles Leads to Reconsideration.
December 16, 2020 Case Laws GST HC

Court Denies Petition for GST Portal Access Due to Lack of Evidence, Claims Deemed Baseless and Without Merit.
December 16, 2020 Case Laws GST HC

Court Denies Bail Request in Rs. 10.89 Crore GST Input Tax Credit Fraud Case; Investigation Ongoing.
December 16, 2020 Case Laws Income Tax HC

High Court Rules Defective Notice Invalid u/s 271(1)(c); Assessee's Explanation Sufficient to Avoid Penalty.
December 16, 2020 Case Laws Income Tax HC

Withholding tax certificates u/s 197(1) valid from April 1, 2019, per India-UK Double Taxation Avoidance Agreement.
December 16, 2020 Case Laws Income Tax HC

Court Rules Assessee is Employer of Seconded Employees; No Tax Deduction at Source Needed u/s 195.
December 16, 2020 Case Laws Income Tax HC

Loan Waiver Deemed Income? Case Sent Back to Assessing Officer for Further Details Under Income Tax Act Sections 28(iv) & 41(1.
December 16, 2020 Case Laws Income Tax HC

Reassessment Valid u/s 143: Must Rely on New, Tangible Evidence Beyond Initial Proceedings.
December 16, 2020 Case Laws Income Tax AT

Trust's 12AA Registration Rejected: Activities Not Charitable u/s 2(15) of Income Tax Act Due to Fees and Rentals.
December 16, 2020 Case Laws Income Tax AT

Transaction Classified as Sale: No Tax Deduction Required u/s 194H for Assessee's Dealings with Stockiest.
December 16, 2020 Case Laws Income Tax AT

Assessment Reopening Invalid: ITO Lacked Jurisdiction After Legal Transfer in 2012, Section 124(3) Not Applicable. CIT Challenge Fails.
December 16, 2020 Case Laws Income Tax AT

Late Fees u/s 234E for TDS Delays Only Valid Post-June 1, 2015; Prior Adjustments Invalid.
December 16, 2020 Case Laws Income Tax AT

Assessee's Claim of Gifts Rejected; Unexplained Investments in Furniture, Electronics Assessed u/s 69 of Income Tax Act.
December 16, 2020 Case Laws Income Tax AT

Assessee's Payments to Harvesters and Transporters Trigger TDS Deduction Duty u/s 194C; Disallowance Upheld.
December 16, 2020 Case Laws Income Tax AT

Sponsorship and promotional income addition deleted as marketing income net of expenses wasn't separately recognized.
December 16, 2020 Case Laws Income Tax AT

ITAT rules late filing of Form No.10 doesn't bar income accumulation benefit u/s 11(2); seen as technical lapse.
December 16, 2020 Case Laws Customs AT

Seized Betel Nuts' Provisional Release: Revenue Must Prove Foreign Origin; 25% Deposit Condition Unjustified Under Customs Act Section 123.
December 16, 2020 Case Laws Companies Law SC

Company Winding Up Case Transferred to NCLT Under IBC; No Irreversible Actions Taken Yet, Per Section 434(1)(c) Proviso.
December 16, 2020 Case Laws Service Tax AT

Court Examines Taxability of Cricket Player's Promotional Activities Under Business Auxiliary Services: Composite Contracts and Legislative Ambiguity.
December 16, 2020 Case Laws Service Tax AT

TV Show Anchoring: Is It a Taxable Promotional Activity Under Business Auxiliary Services (BAS)? Show Cause Notice Crucial.
December 16, 2020 Case Laws Service Tax AT

Celebrity Brand Ambassador Services Taxable u/s 65(105)(zzzzq) of Finance Act From July 1, 2010.

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