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Highlights / Annotations / Catch Notes For December

Home Highlights December

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Showing 1151 to 1200 of 5778 Records

1 ....20 21 22 232425 26 27 28........ 116

December 30, 2021 Case Laws Income Tax

Penalty u/s 271(1)(c) - non disclosure of capital gain on sale of land in the income tax return - Sale consideration by applying the provisions of section 50C (i.e......
December 30, 2021 Case Laws Customs

Enhancement of penalty, levied on Employee of CHA - appellant was reckless and negligent in using the Customs House Agent Licence of his Employer. - Smuggling - red......
December 30, 2021 Case Laws Customs

Classification of imported goods - Hankook off the road mining tyres 31 x 10.5 R 15 - The impugned tyres are used for replacing the existing tyres whenever the vehicle......
December 30, 2021 Case Laws Money Laundering

Money laundering - scheduled offence - Siphoning of funds - Once the applicant is released on bail, both of them are likely to take fate of the case in their hands by......
December 30, 2021 Case Laws Service Tax

Refund claim - time limitation - Service tax was paid on advance received - later the order was cancelled - The relevant date for filing the refund claim is the......
December 30, 2021 Case Laws Central Excise

Principles of natural justice - Clandestine removal - want of corroborative evidence - There is no retraction of the statements - The statements recorded rather have......
December 30, 2021 Case Laws Indian Laws

Dishonor of Cheque - proclaimed offender or not - amicable settlement between the parties- continuation of proceedings under Section 174A I.P.C. - Where the main case......
December 30, 2021 Case Laws Indian Laws

Dishonor of Cheque - The Explanation to Section 138 of N.I.Act clearly states that the dishonoured cheque shall relate to a legally enforceable debt or liability. In the....
December 29, 2021 Case Laws GST

Transitional Input Tax Credit - seeking to allow filing of declaration in form GST TRAN-1 and GST TRAN-2 - seeking to reopening the portal - Some concrete solution is......
December 29, 2021 Case Laws GST

Refund - amount which was credited in the wrong account due to inadvertent mistake - Undoubtedly, it was a mistake which was committed by the consultant of the......
December 29, 2021 Case Laws GST

Refund - amount which was paid during the course of investigation - It is the case of the petitioner that the amount was paid under coercion - There is no merits in this....
December 29, 2021 Case Laws GST

Violation of principles of natural justice - Validity of assessment order - As adverse orders would have been passed against the petitioner, it was incumbent on the part....
December 29, 2021 Case Laws Income Tax

Validity of Section 194A(3)(ixa) - tax deducted at source on the interest payable under an award of the Motor Accident Claims Tribunal (“MACT”) - The petitioner is not......
December 29, 2021 Case Laws Income Tax

Seeking condonation of delay to file a revised return by an application u/s 119(2)(b) - Unfortunately, the assessee’s application u/s 119(2)(b) has been rejected on the.....
December 29, 2021 Case Laws Income Tax

Reopening of assessment u/s 147 - High Court cannot form any opinion in respect of such findings to be made. Only endeavour of the High Court is to ensure that, whether.....
December 29, 2021 Case Laws Income Tax

Correct head of income - nature of receipt from lease/ rent - the assessee employed commercial assets to earn income. Unless and until the income is treated as business.....
December 29, 2021 Case Laws Income Tax

Addition u/s 68 - Estimation of rate of commission - brokerage rate on various bogus transactions - Inasmuch as the assessee accepted the commission at 0.6% by not......
December 29, 2021 Case Laws Income Tax

Addition on account of share premium as income from other sources - It becomes income of the assessee only by way of deeming legal fiction. We find that the residuary......
December 29, 2021 Case Laws Income Tax

Unexplained investment in closing stock u/s. 69 - difference in the quantity of closing stock as per software - once the said software was stopped being used after the......
December 29, 2021 Case Laws Income Tax

Addition u/s. 56(2)(vii) - difference between the stamp duty guideline value and purchase consideration i.e. 50 percent u/s 56(2)(vii)(b) - the Department cannot be......
December 29, 2021 Case Laws Income Tax

Addition being 40% of cash balance shown in the balance sheet as income of the assessee - A.O without any basis, simply says that the cash in hand is excessive and......
December 29, 2021 Case Laws Income Tax

Disallowance of deduction claimed u/s 10AA after claiming deduction / exemption u/s 10A - SEZ unit - As on the commencement of assessment year 2006-07, which is the......
December 29, 2021 Case Laws Income Tax

Penalty u/s. 271(1)(c) - unexplained loan creditors - as explained by the assessee that said difference is due to reconciliation of year end entries between assessee and....
December 29, 2021 Case Laws Income Tax

Assessment of income from other sources u/s. 68 r.w.s. 115BBE - As assessments for assessment years 2011-12 to 2014-15 are unabated / completed. Further, no reference of....
December 29, 2021 Case Laws Customs

Refund claim of Special Additional Duty (SAD), which is in lieu of sales tax - rejection on the ground of time limitation - The Hon’ble Delhi High Court has also held......
December 29, 2021 Case Laws Customs

Delayed refund - Levy of Interest - interest on excess amount of customs duty deposited under protest at the time of passing of the Bill of Entry on provisional basis -.....
December 29, 2021 Case Laws VAT and Sales Tax

Principles of Natural Justice - There has been lapse on the part of the petitioner which now is sought to be explained as a mistake and error committed by the petitioner....
December 28, 2021 Case Laws GST

Seeking grant of bail - only allegation against the petitioner is that the principal accused used the address of the premises where the business of the petitioner is......
December 28, 2021 Case Laws Income Tax

TDS credit - AO did not allow the TDS credit on the ground that the corresponding income of this TDS has not been offered to tax by the assessee as it was not received......
December 28, 2021 Case Laws Income Tax

Validity of assessment u/s 153A - Non issuance of notice U/s 143(2) - Protective assessment - the assessment has been made on a protective basis, but, it is not clear......
December 28, 2021 Case Laws Income Tax

Assessment u/s 153A - Addition u/s 68 - Unsecured cash credits - documentary evidences on record have not been rebutted by the A.O. through any evidence or material on......
December 28, 2021 Case Laws Income Tax

Revision u/s 263 by CIT - Addition u/s 68 - scope of section 147 - unsecured creditors - The assessee, situated in Aurangabad, received loans running into crores from......
December 28, 2021 Case Laws Income Tax

Claim of deduction u/s. 35AD by stating that the appellant did not build the hotel building - Once deduction u/s.35AD of the Act is claimed then by virtue of section......
December 28, 2021 Case Laws Income Tax

Penalty u/s.271D & 271E - Period of limitation for imposing penalty u/s 275(1)(c) - he discussion by the AO in the assessment order and making reference to the Addl. CIT....
December 28, 2021 Case Laws Income Tax

Computation of capital gains on the constructed area falling into assessee's share as per JDA - acted constructed are cannot be determined, as they are non-existent as......
December 28, 2021 Case Laws Income Tax

TP Adjustment - Disallowance of expenditure u/s 40(a)(ia) - any expenditure not for the purpose of business, the A.O. can certainly re-characterize the same as not......
December 28, 2021 Case Laws Income Tax

Computation of capital gain - determination of deemed sale consideration under section 50C - CIT(A) accepted contentions of the assessee - part payment makes it clear......
December 28, 2021 Case Laws Customs

Rejection of request of provisional release of the goods - import of Black Pepper - prohibited goods or not - The appellant would remit the entire duty if not remitted......
December 28, 2021 Case Laws Customs

Maintainability of appeal - Jurisdiction of HC to entertain an appeal against the order of CESTAT - foreign-going vessel or not - No decision on the point of......
December 28, 2021 Case Laws Customs

Valuation of imported goods - payment for the services, sought to be included - The payment for the services, sought to be included by customs authorities in the......
December 28, 2021 Case Laws Money Laundering

Seeking grant of Bail - Smuggling - rule of presumption of innocence - Section 45(1) of the PML Act - It is a matter of great concern that the Petitioner has been in......
December 28, 2021 Case Laws Central Excise

Recovery of CENVAT Credit - fraudulent availment of CENVAT Credit - Merely because the company issuing invoice was found non-existent, the appellant could not be denied.....
December 28, 2021 Case Laws Indian Laws

Dishonor of Cheque - insufficiency of funds - Applying the ratio decidendi of Damodar S.Prabhu and the guidelines framed therein, on the strength of compromise arrived......
December 27, 2021 Case Laws GST

Cancellation of Bail - violation of conditions of Bail - generation of black money and hawala transactions - issuance of fake paper invoices - Section 70 of the CGST......
December 27, 2021 Case Laws Income Tax

Benefit of DTVSV Act with respect to certain pending income tax litigations before various appellate levels - pendency of these two criminal proceedings - both the......
December 27, 2021 Case Laws Income Tax

Penalty u/s. 271(1)(b) - assessee failed to give reasons for non-compliance of statutory notice u/s. 142(1) - till the disposal of appeal by the CIT(A) the assessee......
December 27, 2021 Case Laws Income Tax

Disallowance on account of depreciation claimed on the cost incurred in relation to the land being non depreciable asset - To our understanding, the impugned expenses......
December 27, 2021 Case Laws Income Tax

Revision u/s 263 by CIT - receipt of share premium - the power of revision u/s 263 does not allow for supplanting or substituting the view of the Assessing Officer. The.....
December 27, 2021 Case Laws Income Tax

Claim of balance additional depreciation on the assets which were put to use in earlier year - Number of days asset put to use - whether machinery is put to use for less....
December 27, 2021 Case Laws Income Tax

Addition u/s 68 - Bogus share transactions - penny stock purchases - The facts of the case and the evidences clearly support the claim of the assessee that the......

1 ....20 21 22 232425 26 27 28........ 116

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