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Highlights / Annotations / Catch Notes For February of 2024

Home Highlights February February 2024 Year 2024

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Showing 251 to 300 of 774 Records

1 ....2 3 4 567 8 9 10........ 16

February 21, 2024 Case Laws Service Tax

Classification of services - management and business consultant service - The tribunal held that the activity of disbursal of wages to the unskilled rural labours as a......
February 21, 2024 Case Laws Central Excise

Recovery of of erroneously availed refund u/s 11A of the Central Excise Act, 1944 along with interest - The appellant argued bonafide belief in not availing Cenvat......
February 21, 2024 Case Laws VAT and Sales Tax

Applicability of doctrine of finality and res-judicata - The High Court held that, the principles of res-judicata do not apply squarely for one assessment year to the......
February 21, 2024 Case Laws VAT and Sales Tax

Jurisdiction - violation of principles of natural justice - The High Court noted that, admittedly, the impugned order is an ex-parte order. There is nothing on record to....
February 20, 2024 Case Laws GST

Cancellation of GST registration of the petitioner with retrospective effect - According to Section 29(2) of the Central Goods and Services Tax Act, 2017, GST......
February 20, 2024 Case Laws GST

Input Tax Credit (ITC) - Wrong availing of input tax credits by the petitioner under the provisions of the respective GST Enactments - Proper officer of GST could not......
February 20, 2024 Case Laws GST

Seeking revocation of order of cancellation of registration - The High Court directed the petitioner to file returns for the period prior to the cancellation of......
February 20, 2024 Case Laws GST

Issuance of summons u/s 70 of the Central Goods and Excise Taxation Act., 2017 - duplication of proceedings - After reviewing the documents and submissions, the Court......
February 20, 2024 Case Laws GST

Ex-parte order - The High court sets aside the impugned assessment order and directs the petitioner to file a reply to the show cause notice by a specified date. - The......
February 20, 2024 Case Laws GST

Validity of show cause notice/assessment orders issued by the respondent, GST Department raising demand of GST on royalty paid to the respondent - Mining Department......
February 20, 2024 Case Laws Income Tax

TDS u/s 195 - Addition u/s 40(a)(i) - remittances without deducting tax at source [TAS] - disallowances qua payments made by assessee concerning purchases from its seven....
February 20, 2024 Case Laws Income Tax

Assessment of housing society - consideration received on the transaction carried out for redevelopment of the land (LTCG) taxation in the hands of the society or not? -....
February 20, 2024 Case Laws Income Tax

Assessment u/s 144B - Disallowance of commission paid to the Foreign Company and Local Agents/Parties and expenses incurred by the petitioner on account of purchase of......
February 20, 2024 Case Laws Income Tax

Grant of interest u/s 244A(1)(a) on the refund admissible to appellant - ITAT refused to grant interest on the ground that the refund arising on regular assessment after....
February 20, 2024 Case Laws Income Tax

Unaccounted income on sale of plots in cash - estimation of Net profit - estimation on the on- money received by the assessee - The Tribunal dismissed the Assessee's......
February 20, 2024 Case Laws Income Tax

Revision u/s 263 - Method of revenue recognition (project completion vs. percentage completion method), and the allocation of interest and Transferable Development......
February 20, 2024 Case Laws Income Tax

Capital gain computation - The Tribunal observed that, the DVO has not given opportunity nor given benefit of encroachment which has been examined by the Assessing......
February 20, 2024 Case Laws Income Tax

Nature of expenditure - Revenue expenditure or capital expenditure - The ITAT held that, it is now well settled that revenue expenditure is allowable in entirety in the.....
February 20, 2024 Case Laws Income Tax

Exemption u/s 11 - charitable purposes u/s 2(15) or not? - The Tribunal held that, mere selling some product at a profit will not ipso facto hit assessee by applying......
February 20, 2024 Case Laws Income Tax

Transfer Pricing Adjustment on Delayed Sales Proceeds - Normally there would be a difference between the lending rate and borrowing rate in each country. Some authors......
February 20, 2024 Case Laws Income Tax

Bank liability to deduct TDS in respect of the LTC/LFC bills - assessee in default u/s 201(1)(1A) for non-deduction of tax under Section 192 - The ITAT, aligning with......
February 20, 2024 Case Laws Income Tax

Exemption u/s 11 - assessment of trust - The Tribunal observed that, to serve a charitable purpose, it is not necessary that the objects should benefit the whole of......
February 20, 2024 Case Laws Income Tax

Taxability of income in India - Income attributable to India - income of advertisement and subscription revenue - Permanent Establishment (PE) - business connection -......
February 20, 2024 Case Laws Income Tax

Addition u/s 68 - bogus LTCG on shares - onus to prove - - Despite opportunities provided, the assessee company failed to adequately explain the nature and source of the....
February 20, 2024 Case Laws Insolvency and Bankruptcy

Scope and ambit of Section 29A (c) of IBC - Disqualification to submit the Resolution Plan u/s 29A - The Tribunal observed that, Section 29A, sub-section (c) does, not......
February 20, 2024 Case Laws Insolvency and Bankruptcy

Rejection of approval Plan - CIRP - One of the reasons given by the Adjudicating Authority for rejection is that the claim of Income Tax Department of dues to be paid......
February 20, 2024 Case Laws Service Tax

Taxable service or not - providing commission on profit to one of the directors - existence of employer/employee relationship or not - The Tribunal held that the......
February 20, 2024 Case Laws Service Tax

Valuation - Composite services - GTA Services on reverse charge basis - non-inclusion of various expenses in the taxable value - The Tribunal found that the services......
February 20, 2024 Case Laws Service Tax

Classification of services - Franchise Service or Business Auxiliary Service? - Race Promotion Contract - The CESTAT found that the contract did not constitute a......
February 20, 2024 Case Laws Central Excise

Recovery of excise duty, which got extinguished on approval of resolution plan - Section 31(1) of the IBC, 2016 mandates that the resolution plan approved by the NCLT......
February 19, 2024 Case Laws GST

Levy of GST - transfer of development rights of land by the land owners to the petitioner by way of a Joint Development Agreement - sale of land by the land owners or......
February 19, 2024 Case Laws GST

Refund of amount in question alleged to be forcibly recovered/collected through DRC-03 by the DGGI - requirement to make an application u/s 54 - The High court grants......
February 19, 2024 Case Laws GST

Validity of assessment orders passed for the years 2018-2019 to 2022-2023 - The High court notes that each assessment order gives rise to a separate cause of action, and....
February 19, 2024 Case Laws GST

Scope of Advance Ruling - Validity of Ruling dated 20/01/2021 - The Authority for Advance Ruling (AAR) declared the advance ruling void ab initio under section 104 of......
February 19, 2024 Case Laws Income Tax

Capital gain - nature of land sold - whether the land would not be covered under definition of capital asset as stated in Section 2(14)(iii)? - Despite being directed to....
February 19, 2024 Case Laws Income Tax

Addition u/s 68 - Share premium - Transaction in the nature of Capital Account - violation of the provision of Section 78(2) of the Companies Act, 1956 - The High court.....
February 19, 2024 Case Laws Income Tax

Estimation of income - bogus purchases - The Revenue argued that when purchases are proven bogus, the entire amount should be added to the income. However, the court......
February 19, 2024 Case Laws Income Tax

Refund of excess TDS deducted u/s 195 - Unjust Enrichment of the Government - whether the respondents are authorised by law to withhold the excess TDS paid by the......
February 19, 2024 Case Laws Income Tax

Disallowance u/s 80P(2)(d) - Interest income on deposits placed with Kangra Central Cooperative Bank (KCCB) Ltd. - the Tribunal found that the Assessee met the......
February 19, 2024 Case Laws Income Tax

Unexplained money u/s 69A r.w.s. 115BBE - Cash seized in search - The assessee provided a cash reconciliation statement, demonstrating that the cash balance remained......
February 19, 2024 Case Laws Income Tax

Deduction u/s 80IA - profit of Generation of electricity - notional income from savings in Low Sulphur Heavy Stock (LSHS) due to steam generation by the assessee's......
February 19, 2024 Case Laws Income Tax

Addition u/s 56(2)(viib) - issue of shares at premium - working of fair market value as per 11UA(2)(a) - The ITAT observed that Rule 11UA(2) provides an option to the......
February 19, 2024 Case Laws Income Tax

Addition u/s 68 - bogus LTCG - penny stock transaction - The ITAT observed that even though characteristics of penny stock transactions were present, there was no direct....
February 19, 2024 Case Laws Income Tax

Addition proposed in the draft assessment order as TP adjustment - Non following mandatory provisions of Sec. 144C while issuing draft assessment order - The ITAT found.....
February 19, 2024 Case Laws Customs

Validity of permitting export in violation of notification - Supply of non-basmati Indian white rice - The Revenue (Department) contended that permitting export in......
February 19, 2024 Case Laws Customs

Levy of interest u/s 28AA - short paid duty amount was paid without demur or protest and in time, on issuance of SCN - Tribunal set aside the demand for interest,......
February 19, 2024 Case Laws Customs

Classification of import of UPS - Benefit of exemption - The department observed that the imported Home UPS were actually household inverters used for running home......
February 19, 2024 Case Laws Customs

Confiscation of goods - Import of old and used worn clothing, completely fumigated / old and serviceable garments - Valuation - The Tribunal upheld the confiscation of......
February 19, 2024 Case Laws Insolvency and Bankruptcy

Extension of the CIRP period of the Corporate Debtor by 60 days - The commercial wisdom of the CoC is paramount and non-justiciable, except on limited grounds specified.....
February 19, 2024 Case Laws Insolvency and Bankruptcy

Rejection of section 7 application - Existence of financial debt or not - status of allottee for sale of plots (real estate project) - The Adjudicating Authority has......

1 ....2 3 4 567 8 9 10........ 16

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