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Highlights / Annotations / Catch Notes For February of 2015

Home Highlights February February 2015 Year 2015

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Showing 1 to 50 of 381 Records

12 3 4 5........ 8

February 28, 2015 Circulars Customs

Union Budget 2015 - Education cess of 1% and 2% on imported goods shall continue to be levied
February 28, 2015 Circulars Central Excise

Union Budget 2015 - Rate of Excise duty revised from 12.36% to 12.5% - Levy of education cess of 1% and 2% on duty of excise removed
February 28, 2015 News Indian Laws

Valuation of taxable services - all reimbursable expenditure or cost incurred and charged by the service provider to be included - Section 67 being amended
February 28, 2015 News Indian Laws

Finance Bill, 2015 - service tax - Substantial overall in levy of penalty u/s 76 and 78
February 28, 2015 News Indian Laws

Budget 2015 - Effective Rate of Service Tax will be 16% i.e. 14% service tax plus 2% as Swachh Bharat Cess from the date to be notified on all or some of the services
February 28, 2015 News Indian Laws

Swachh Bharat Cess on all or any of the taxable services at a rate of 2% on the value of such taxable services shall be levied from the date to be notified after......
February 28, 2015 News Indian Laws

Revised rate of Service Tax from 12.36% to 14% will be effective from date to be notified after enactment of Finance Bill, 2015
February 28, 2015 Case Laws Income Tax

Setting off of brought forward business loss and unabsorbed depreciation - There is no evidence on record to prove that amalgamating company was engaged in business in......
February 28, 2015 Case Laws Service Tax

Prescribed ST-3 returns were filed - correct calculations of service tax were not shown and differential tax payable was apparent - However Extended period of limitation....
February 28, 2015 Case Laws Service Tax

Waiver of penalty on revenue neutral aspect - assessee was to pay tax as a receiver of service and not as a provider - provisions of Section 80 of the Finance Act has......
February 28, 2015 Case Laws Central Excise

Manufacture of rice bucket elevator and rice conveyor - prima facie classifiable as milling machinery under heading 8437 - AT
February 28, 2015 Case Laws Central Excise

Successor's liability - Recovery of dues from successor company - Since, there is nothing in this proviso to indicate that this amendment has retrospective effect,......
February 28, 2015 Case Laws Central Excise

Valuation of goods - As and when appellant gets the order, they direct transporter/warehouse owner to deliver the said goods to the customer's place - charges for......
February 28, 2015 Case Laws Central Excise

Valuation of goods - differential amount not includible in the assessable value since the duty of excise is on manufacture and not on profit made by the dealer on transportation. - AT
February 28, 2015 Case Laws Customs

Invocation of extended period of limitation - the doubtful legal position and which is required to be cleared by the higher Courts is something for which we cannot hold.....
February 28, 2015 Case Laws Customs

The correctness of findings and founded on the conclusion that menthol BP / USP and menthol crystals BP / USP can be assessed as spice ought to have been considered by......
February 28, 2015 Case Laws Customs

Validity of mandatory pre-deposit of 7.5% of demand - right of appeal granted by the statute is a conditional one and the conditions are not so onerous as to deprive the....
February 28, 2015 Case Laws VAT and Sales Tax

Input tax credit - KVAT - a cubicle or a work station does not fall within the meaning of the word 'Furniture' and therefore -benefit of input tax paid for......
February 28, 2015 Case Laws Companies Law

Jurisdiction of Company Law Board (CLB) - criminal case involving Forged and fabricated document - CLB was not barred from entertaining the application under section 340....
February 27, 2015 Case Laws Service Tax

CENVAT Credit - Service Tax paid on rent-a-cab services which were used for transporting of officials and guests to and from the factory premises - Credit allowed - AT
February 27, 2015 Case Laws Central Excise

Cenvat credit - Cenvat credit has been availed with inordinate delay - it does not mean that if the credit is not taken within one year it is not entitled to take credit. - AT
February 27, 2015 Case Laws Central Excise

Appeals filed by the Revenue filed on the basis of an invalid Review authorization deserve to be dismissed as not maintainable on this ground alone, without further......
February 27, 2015 Case Laws VAT and Sales Tax

The supply of drugs, medicines, implant, stents, valves and other implants are integral to a medical services/procedures and cannot be severed to infer a sale as defined....
February 27, 2015 Case Laws VAT and Sales Tax

Whether Commissioner has indulged in “disobedience” or that his order bordered on “contempt” by not following the direction of the tribunal - Held no - errors do occur......
February 27, 2015 Case Laws VAT and Sales Tax

Compounding the offences - Section 81 of DVAT 2004 - Whether the Appellate Tribunal, Value Added Tax can give direction to the Sales Tax Department to compound a FIR......
February 27, 2015 Case Laws Companies Law

Respondent K.S. Raju wilfully disobeyed the order of CLB and breached the undertaking given to CLB, and thereby committed Contempt of Court subordinate to High Court as.....
February 27, 2015 Case Laws Income Tax

Revenue splitted the transactions in such a manner that it upheld the genuineness of borrowing, payment and receipt of interest but when question of considering payment.....
February 27, 2015 Case Laws Income Tax

Penalty under section 271(1)(c) - disallowance of capital expenditure of Research and Development - The facts material to the computation were not produced - levy of......
February 27, 2015 Case Laws Income Tax

Deduction under section 80-IA - since the plant and machinery used for transmission and distribution of electricity has been acquired from Tata Tea Ltd., it cannot be......
February 27, 2015 Case Laws Income Tax

Disallowance of deduction u/s 80P(2)(a)(i) - carrying on business of banking facilities to its members and to the public - There is no prohibition u/s 80P not to allow.....
February 27, 2015 Case Laws Wealth-tax

Wealth-tax is not levied on productive assets, and in view of that logic, it was proposed that wealth-tax would not be levied on such residential property that has been.....
February 26, 2015 Case Laws Service Tax

Classification of services - supply of tangible goods for use of service or transport of passengers by air service - charter hiring of helicopters - demand of service......
February 26, 2015 Case Laws Service Tax

Classification of service - providing audio-conferencing services and web-conferencing services - argument that the service is classifiable under Business Support......
February 26, 2015 Case Laws Service Tax

Denial of exemption from service tax - even subcontractor cannot be directed to pay service tax when the taxability of the construction is non commercial in nature being....
February 26, 2015 Case Laws Central Excise

Recall of final order - Ex-parte order passed - Wrong Date of hearing noted down mistakenly - assessee should not be made to suffer for any failure on the part of the Advocate - AT
February 26, 2015 Case Laws Customs

Classification - import of Inca Inchi Oil in soft vegetarian Gel Capsules - merely because a product possess certain natural properties, it cannot be said to fall under....
February 26, 2015 Case Laws VAT and Sales Tax

Classification of Pressure cooker under Assam Value Added Tax Act, 2003 - it does not come within the ambit of Entry No.6 of Part-A General of the Second Schedule -......
February 26, 2015 Case Laws VAT and Sales Tax

Deferment & Exemption from sales tax - Mode of computation of notional sale tax liability - The proviso cannot whether by interpretation or by reference to the......
February 26, 2015 Case Laws Income Tax

Revenue authorities cannot change the character of receipt from General Reserve to share premium Reserve and tax the same u/s 56(1) - AT
February 26, 2015 Case Laws Income Tax

Penalty 271(1)(c) - Whether or not a person has acted bona fide reflects the state of his mind in respect of his conduct, and, therefore, the assessee has his inherent......
February 26, 2015 Case Laws Income Tax

Deduction u/s. 80IB(10) - AO has proceeded on surmises that assessee was increasing the profits of 80IB(10) units and decreasing the profits of non-80IB units to gain......
February 26, 2015 Case Laws Income Tax

The residential and commercial plots allotted to the appellant in lieu of in lieu of the acquisition - assessee has sold converted plots in the same financial year - AO.....
February 26, 2015 Case Laws Income Tax

Discounting the maturity value of loan portfolio on assignment to commercial banks - amount of discounted future interest received by assessee during the year is taxable....
February 25, 2015 Case Laws Service Tax

Sale of space of advertisement services - appellant's product KALDARSHIKA cannot be termed as a business directory, yellow pages or trade catalogue; hence it is to.....
February 25, 2015 Case Laws Central Excise

Penalty of ₹ 10,000 imposed on the adjudicating authority / Commissioner for passing irresponsible adjudication orders defying the Tribunal's direction and......
February 25, 2015 Case Laws Central Excise

For categorizing a service as 'input service' covered by Rule 2(l) of Cenvat credit Rule 2004, what is relevant is as to whether it has nexus with the......
February 25, 2015 Case Laws Central Excise

Duty demand u/s 11D - merely from the contract terms that providing that the price at which the pipes are to be supplied shall be inclusive of all the taxes, it cannot......
February 25, 2015 Case Laws Customs

Levy of anti dumping duty - Authority has accepted all the information furnished by the appellant, and in respect of their exports determined a negative dumping margin.....
February 25, 2015 Case Laws VAT and Sales Tax

Cancellation of registration certificate - if there was evidence and material to indicate that the Appellant in collusion with the hawala operators perpetrated a fraud.....
February 25, 2015 Case Laws VAT and Sales Tax

Denial of balance 10% refund claim - once the refund in part is made, the refund for the balance amount is required to be made and there is no question of applying......

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

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

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

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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.

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