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Highlights / Annotations / Catch Notes For December of 2020

Home Highlights December December 2020 Year 2020

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Showing 351 to 400 of 449 Records

1 ....4 5 6 789

December 8, 2020 Case Laws Income Tax AT

Court Rules Section 153A Assessment Invalid if Based on Non-Incriminating Statements u/s 132(4.
December 8, 2020 Case Laws Income Tax AT

Loan Transactions Not Deemed Income: Section 68 Not Applicable as Loan Creditor Status and Documentation Unchallenged by Officer.
December 8, 2020 Case Laws Income Tax AT

Indo-UK DTAA Shields Assessee: No Technology Transfer in Commission Income u/s 40(a)(ia) and Section 195.
December 8, 2020 Case Laws Income Tax AT

Penalty u/s 271(1)(c) of Income Tax Act deleted due to lack of approval from Joint/Additional Commissioner.
December 8, 2020 Case Laws Income Tax AT

Disallowance of Commission Expenses Due to Non-Deduction of TDS u/s 195; Arm's Length Deemed Irrelevant.
December 8, 2020 Case Laws Companies Law HC

Court Denies Petition to Contest Directorship Election Without Mandatory Rs. 1 Lakh Deposit, Upholds Legal Requirement.
December 8, 2020 Case Laws VAT and Sales Tax HC

High Court Overturns Tribunal's Stay Order, Citing Failure to Consider Prima Facie Case in Decision Process.
December 7, 2020 Case Laws Income Tax HC

Keyman Insurance Policy Surrender Value Taxable u/s 10(10D), Not Altered by Assignment.
December 7, 2020 Case Laws Income Tax HC

Developers Denied Tax Deductions for Future Costs Without Actual Expenditure u/ss 36 & 37 of Income Tax Act.
December 7, 2020 Case Laws Income Tax HC

Penalty u/s 271(1)(c) Requires Mens Rea; Revenue Must Prove Concealment or Inaccuracy by Taxpayer.
December 7, 2020 Case Laws Income Tax AT

Court Rules Interest on Capital Account Allowable; No Evidence of Non-Business Use of Funds by Assessee.
December 7, 2020 Case Laws Income Tax AT

Interest Income and Fees from Indian Clients Taxed Under Article 11; No Further Tax Under Article 7 for DZ Bank.
December 7, 2020 Case Laws Income Tax AT

Stock Write-Off Not Rejected: No Taxable Income Added as Officers Accept Assessee's Books in Exceptional Circumstances.
December 7, 2020 Case Laws Income Tax AT

Court Rules on Profit Re-Estimation for Tax Deduction; Limits on Section 80IA Powers Affecting Section 80IB Benefits.
December 7, 2020 Case Laws Income Tax AT

Capital Gains on Tenancy Rights: Section 2(47) Clarifies No Cost Incurred Equals Nil u/s 55(2)(a).
December 7, 2020 Case Laws Income Tax AT

Director Commission Disallowed Ad-Hoc Despite Compliance with Companies Act and Board Approval; Previous Claims Allowed.
December 7, 2020 Case Laws Income Tax AT

Partnership Firm's Stock-in-Trade Not a Capital Asset Under Income Tax Act 1961; No Capital Gains Triggered.
December 7, 2020 Case Laws Income Tax AT

Tribunal Rules No Evidence for Bogus Purchases; Section 40A(3) Application Deemed Unjustified Due to Lack of Proof.
December 7, 2020 Case Laws Income Tax AT

Penalty u/s 271AAB Invalid Without Statement u/s 132(4) by Assessee.
December 7, 2020 Case Laws Income Tax AT

Reassessment Order Invalid: Notice Issued Before Return Filing Violates Sections 143(3)/147 & Renders Section 263 Revision Void.
December 7, 2020 Case Laws Customs HC

Court Rules Against Warehouse Licensee for Misusing Writ Jurisdiction; Customs Department Not Included in Civil Suit.
December 7, 2020 Case Laws Customs HC

High Court Criticizes Telangana Official for Arbitrary Denial of Red Sanders Export Certificate; Calls Decision Vexatious.
December 7, 2020 Case Laws Customs HC

Court Criticizes 16-Year Delay by Customs in Finalizing Provisional Assessment, Leaving Importer's Extra Duty Deposit Unresolved.
December 7, 2020 Case Laws Customs HC

Court Overrules Re-Export Condition for Importer, Citing Section 125 as Unjustified; Confiscated Goods Order Set Aside.
December 7, 2020 Case Laws Customs AT

Importer Allegedly Misclassifies Catalytic Converter Assembly to Evade Duties; Customs Act Section 28 Invoked for Extended Limitation Period.
December 7, 2020 Case Laws Service Tax HC

Department Error in SVLDRS Scheme Quantification: Petitioners Wrongly Denied Due to Mistaken Liability Date.
December 5, 2020 Case Laws GST AAR

Fabrication and Painting of Steel Structures Classified as Mixed Supply Under GST, Subject to 12% Tax Rate, Section 8(b).
December 5, 2020 Case Laws GST AAR

Waste Disposal Services Classified as Pure Service: No Transfer of Goods Involved in Execution.
December 5, 2020 Case Laws Income Tax HC

Section 132 Search and Seizure Proceedings Validated: Sufficient Reasons Recorded for Authorization, Operations Deemed Legal Under Income Tax Act.
December 5, 2020 Case Laws Income Tax HC

Tribunal Remits Case on Cash Payments u/ss 40A(3) and 40(a)(ia) of Income Tax Act for Further Review.
December 5, 2020 Case Laws Income Tax AT

Assessee Appeals Penalty u/s 271D; Case Remanded for Fresh Adjudication, No Estoppel Against Statute.
December 5, 2020 Case Laws Income Tax AT

Section 194A TDS Rules Not Applicable: Interest Payment Deduction Cannot Be Disallowed u/s 40(a)(ia.
December 5, 2020 Case Laws Income Tax AT

Incorrect Donation Classification by AO; Exemption u/s 11 Upheld Due to Lack of Source Inquiry.
December 5, 2020 Case Laws Income Tax AT

Assessee Wins Section 80G Exemption: Active Educational Institution Status Recognized by Tax Authorities.
December 5, 2020 Case Laws Income Tax AT

Court Orders Deletion of Fair Market Value Clause for Long-Term Capital Gains Due to Lack of Valid Reference.
December 5, 2020 Case Laws Income Tax AT

Tax Officer Can't Dictate Business Management; Notional Interest Additions Deleted Under Business Discretion.
December 5, 2020 Case Laws Income Tax AT

Section 80IB(9) Deduction: Calculate Profits of Eligible Business Only, Exclude Unrelated Expenses Per Section 80IA(5.
December 5, 2020 Case Laws Income Tax AT

Tax Avoidance Allegations Lacking Evidence; Dispute Over Section 50C Application and Valuation Report in Capital Gains Case.
December 5, 2020 Case Laws Central Excise AT

No Interest on Delayed Central Excise Refund Between Tribunal Order and Sanction Date, Court Rules.
December 5, 2020 Case Laws Indian Laws HC

No Court Permission Needed for Cheque Dishonor Cases with Legal Remedy u/s 138 of Negotiable Instruments Act.
December 4, 2020 Case Laws GST SC

Court Rules Prize Money in Lotteries Must Be Included in Taxable Value Under GST for Accurate Tax Calculation.
December 4, 2020 Case Laws GST SC

Court Rules No Discrimination in Tax on Lotteries, Betting, and Gambling Under Article 14, Act 2017 Schedule III.
December 4, 2020 Case Laws GST SC

Supreme Court Confirms Lotteries as "Goods" u/s 2(52) of CGST Act; Upholds Constitutionality for Taxation.
December 4, 2020 Case Laws Customs HC

Seizure of Goods on Jan 9, 2020, Ruled Illegal Due to Lack of Valid Reason for Confiscation.
December 4, 2020 Case Laws Indian Laws HC

Petitioner Not Liable for Cheque Dishonor; Lacks Signature and Involvement in Agreement per Section 141 NI Act.
December 4, 2020 Case Laws Central Excise HC

Court Upholds Rejection of Rebate Claim Based on Export Dates; Estoppel Cannot Override Section 11-B Definition.
December 4, 2020 Case Laws GST HC

Court Rules Confiscation of Goods and Vehicle Illegal Due to Improper Service Under UPGST Act Section 169.
December 4, 2020 Case Laws Income Tax HC

High Court Rejects Retroactive Tax Exemption Claim for Gratuity Payments Under Income Tax Act Section 10(10.
December 4, 2020 Case Laws VAT and Sales Tax HC

High Court Questions Tribunal's 10% Tax Deposit Requirement, Grants Full Stay Due to Financial Hardship Concerns.
December 4, 2020 Case Laws Customs HC

Seized Goods Release: Differential Duty Paid and Probable Undervaluation Raises Concerns; Bond or Guarantee Allowed Instead of Cash.

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