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Highlights / Annotations / Catch Notes For February of 2015

Home Highlights February February 2015 Year 2015

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Showing 301 to 350 of 381 Records

1 ....3 4 5 678

February 6, 2015 Case Laws Income Tax

Capitalization proportion of the the general, administrative expenses, including on employee and director remuneration, toward workin- progress (WIP) - different......
February 6, 2015 Case Laws Income Tax

Unsecured loan - amount received from husband of the appellant Shri Manoj Kumar who is an independent assessee - he is doing Kiryana business and he has deposited the......
February 6, 2015 Case Laws Income Tax

Scope of revision u/s 263 - when the claim of the assessee is not allowable and there is no possibility of two views, then allowing the claim by the Assessing Officer......
February 6, 2015 Case Laws Income Tax

Wrong offer to tax on capital gains on the conversion of capital asset to stock in trade by wrongly applying the provisions of section 45(2) - the assessee is estoped......
February 6, 2015 Case Laws Income Tax

Conversion of capital asset to stock in trade - The land in question was not actually transferred and hence no value was adopted by the Stamp Duty Authorities as the......
February 6, 2015 Case Laws VAT and Sales Tax

Scheme of compounding - KVAT - there cannot be any splitting up or proportionate reduction of the annual turn over of the previous year to determine the compounded tax.....
February 6, 2015 Case Laws Central Excise

Claim of Refund of interest paid on duty - When the statute does not provide for payment of interest while sanctioning the refund of interest on duty, the Tribunal has......
February 6, 2015 Case Laws Service Tax

CENVAT Credit on GTA services - Before amendment dated 1-4-2008, services used for clearance of final products from the place of removal is covered in input service,......
February 6, 2015 Case Laws Service Tax

Demand of duty on vocational coaching service and on excess utilization of input service credit beyond the limit of 20-% of service tax payable on output service - once....
February 6, 2015 Case Laws Service Tax

Denial of refund claim - Classification of service - , the show-cause notice proposed demand under one service category whereas confirmation was under another category -....
February 6, 2015 Case Laws Income Tax

Non deduction of TDS - when it pays interest income to a member both on time deposits and on deposits other than time deposits, with such co-operative society, need not.....
February 6, 2015 Notifications Income Tax

Safe Harbour Rules for generation, transmission or distribution of electricity Notified vide Income-tax (2nd Amendment), Rules, 2015. - Notification
February 5, 2015 Case Laws Service Tax

Issuance of wrong registration certificate ST-2 as service provider instead of Input Service Distributor (ISD) - demand of duty and levy of penalty - matter remanded......
February 5, 2015 Case Laws Service Tax

Supply of tangible goods - applicant acquired the aircraft on the basis of the lease agreement, which is the legal possession. - as long as the transaction is treated as....
February 5, 2015 Case Laws Service Tax

Cenvat Credit - Denial of input service credit in the hands of Job worker who is availing the benefit of exemption notification no. 8/2005 ST and 214/86 CE and did not......
February 5, 2015 Case Laws Central Excise

Cenvat / MODVAT Credit - All this would indicate as to how the makers and framers of the Rule did not intend to deny MODVAT credit simply because the inputs were not......
February 5, 2015 Case Laws Central Excise

Waiver of pre deposit - Extension of stay order - The waiver of pre-deposit. to the extent directed by CESTAT, will be valid until the final disposal of the appeal - HC
February 5, 2015 Case Laws Customs

Valuation of goods - The television programmes have been aired from Singapore - from whatever angle one may look at the transaction, there is nothing on record to show......
February 5, 2015 Case Laws Customs

Valuation of goods - Enhancement in value of goods - adjudicating authority mis-directed himself in including the value of a taxable service rendered in India in the......
February 5, 2015 Case Laws Customs

Import of hospital equipments - import by third party - In any case it is not the case of the Revenue that the equipments imported have not been used by the Government.....
February 5, 2015 Case Laws Customs

Denial of “deemed export” benefit - Department having clarified and interpreted its policy for the first time in March 2011, it could not have relied upon such......
February 5, 2015 Case Laws Income Tax

Provision for payment made on behalf of subsidiary company claimed as expense - Even if the version of the CIT(A) taken as correct, then also, the loss being......
February 5, 2015 Case Laws Income Tax

Disallowance of interest - Holding subsidiary companies - If interest so paid is allowed, then it would be indirect benefit given by the assessee company to the FOPL and....
February 5, 2015 Case Laws Income Tax

Non deduction of TDS u/s 194J - Whether certificate issued by the CAs would be sufficient compliance for the purpose of taxes paid by the deductees - Revenue tries to......
February 5, 2015 Case Laws Income Tax

Non deduction of TDS u/s 194J - payments made to various policy holders, as well as to various hospitals on behalf of the insurance companies - no element of profit......
February 5, 2015 Case Laws Income Tax

Renting of terrace for installation of mobile antenna - taxable as income from House Property - deduction of 30% u/s 24(a) allowed - AT
February 5, 2015 Case Laws Income Tax

Method of computation of interest u/s 244A - AO directed to calculate interest due to the assessee without reducing the interest u/s 244A, which is part of the refund......
February 4, 2015 Circulars Income Tax

STANDARD OPERATING PROCEDURE FOR PROSECUTION IN CASES OF TDS/TCS DEFAULT - Circular
February 4, 2015 Case Laws Service Tax

Penalty u/s 76 - Renting of immovable property - The appellant paid the Service Tax on 10.12.2012 i.e after two weeks from the expiry of the period specified under......
February 4, 2015 Case Laws Service Tax

Rejection of refund claims - If the service provider pays Service Tax on the service provided to an SEZ unit, the recipient is bound to get refund unless assessment at......
February 4, 2015 Case Laws Service Tax

Denial of rebate claim - Export of Business Auxiliary Services - Notification No. 12/2005-ST - contravention of not following the procedure of filing the declaration is.....
February 4, 2015 Case Laws Service Tax

Refund - service tax was paid on advance receipt whereas no services were provided - amounts paid by the Respondent cannot be termed as payment of duty but has to be......
February 4, 2015 Case Laws Central Excise

Whether activity of re-packing/re-labeling/re-fining of laboratory chemicals undertaken by the appellant in respect of Petroleum Benzine and Hexane for Chromatography......
February 4, 2015 Case Laws Central Excise

Recovery of excise duty - Petition a sick company - Protection granted u/s 22 of SICA - Since Section 11E of the Excise Act was inserted after the enactment of the Act......
February 4, 2015 Case Laws Central Excise

Invocation of extended period of limitation - The Department had chosen not to issue notice pending appeal, for which failure thereof, they are not entitled to invoke......
February 4, 2015 Case Laws Central Excise

There is no provision for cash refund of the unutilized Cenvat credit at the time of surrender of registration certificate on closure of unit.- AT
February 4, 2015 Case Laws Customs

Import of TV broadcasting equipments - non payment of duty - Their contentions that they have obtained bills/invoices from the dealers is beyond acceptable as having......
February 4, 2015 Case Laws Customs

Valuation - Determination of transactional value - ship demurrage charges are not includible in the assessable value of the imported goods prior to CVR, 2007 coming into force - AT
February 4, 2015 Case Laws Customs

Classification of goods - import of parts of Room Air Conditioners - sub-assembly of air conditioners to which the appellant/assessee is claiming to be “ventilating and....
February 4, 2015 Case Laws Customs

100% EOU - DTA clearances - products are not similar to the goods exported or expected to be exported - this is a case where it cannot be said that appellant has a......
February 4, 2015 Case Laws Indian Laws

Scope of RTI Act - An applicant is entitled for information, prescribing the criteria and the marks allotted under different heads for giving employment to public......
February 4, 2015 Case Laws Income Tax

Tax liability of trust - the purpose of tax under the Act, the Assessing Officer may be in a position to find out the status of the beneficiaries of the First Level......
February 4, 2015 Case Laws Income Tax

Whether share application money received in cash is in the nature of deposit - rigours of Section 269SS of the Income Tax Act cannot be applied, penalty could not be......
February 4, 2015 Case Laws Income Tax

Transfer pricing adjustment - AO/TPO/DRP not appreciating the 50:50 revenue split business model between the appellant and its associated enterprises in relation to......
February 4, 2015 Case Laws Income Tax

Compensation to the customers, who have booked their flats claimed as buy-back expenses aggregating to ₹ 65,68,500/- which has been claimed as deduction - expenses....
February 4, 2015 Case Laws Income Tax

Excess amortization cost debited to the profit and loss account - addition was in respect of Satellite rights of 107 films, Split wide open (satellite rights) and......
February 4, 2015 Case Laws Income Tax

Disallowance of finance charges payable - Interest is paid whenever money is borrowed or some debt is incurred. Both elements are missing in these transactions. - AT
February 4, 2015 Case Laws Wealth-tax

Exclusion from wealth tax - value of the assets used for the purpose of earning lease rent income - decision is the tribunal treating the same is business income is not wrong - HC
February 3, 2015 Case Laws Service Tax

Proceedings for recovery of service tax demand - When the demand of tax is yet to be adjudicated, it cannot be said as tax payable, for which resort to section 87 of the....
February 3, 2015 Circulars DGFT

Guidelines for processing of online IEC applications and IEC check list - Circular

1 ....3 4 5 678

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