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Highlights / Annotations / Catch Notes For March of 2012

Home Highlights March March 2012 Year 2012

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Showing 101 to 150 of 237 Records

March 15, 2012 Case Laws Income Tax AT

Non deduction of TDS - Period of limitation u/s 201(3) - proceedings under section 201/201(1A) of the Act, can be initiated only within three years from the end of the......
March 15, 2012 Case Laws Income Tax HC

Exemption u/s 10A - As deduction under section 10A has to be excluded from the total income of the assessee the question of unabsorbed business loss being set off......
March 15, 2012 Case Laws Income Tax AT

Merely because credit was claimed for TDS, it does not mean that the corresponding income is chargeable to tax. - AT
March 15, 2012 Case Laws Indian Laws HC

ICAI member guilty of gross professional misconduct - Chartered Accountants Act, 1949 – false certificate u/s 80HHC issued in the Form No. 10CCA - name removed for 6 months - HC
March 15, 2012 Case Laws Service Tax AT

Service Tax - Coaching and Training classes - demand imposed on advance fees collected during the period April 2003 to June 2003 - decided in favor of assessee on the......
March 15, 2012 Case Laws Central Excise AT

Valuation under central excise - sales were taking place at the distributor’s premises and, therefore, the distributor’s commission and freight expenses upto the......
March 15, 2012 News Indian Laws

Mid-Quarter Monetary Policy Review: March 2012
March 15, 2012 News Indian Laws

Economic Survey
March 15, 2012 Notifications Income Tax

Section 90 of the Income-tax Act, 1961 - Double Taxation Agreement - Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries -....
March 14, 2012 Case Laws Income Tax AT

Capital Gains - Slump sale – whether amount of liability reflected in the negative net worth can be added to determine value of sale consideration - Decided in favor of Revenue. - AT
March 14, 2012 Case Laws Income Tax HC

Where a transaction is sham and not genuine, it cannot be considered to be a part of tax planning or legitimate avoidance of tax liability. - HC
March 14, 2012 Case Laws Service Tax AT

Waiver of pre-deposit - Business Exhibition services received by the appellant in South Africa and other middle eastern countries - no service tax - AT
March 14, 2012 Case Laws Service Tax AT

Stay of Demand - Business Support Services - Business or profession - Sir Ganga Ram Hospital was providing infrastructural support to certain doctors who were allowed to....
March 14, 2012 Case Laws Central Excise HC

Refund - Supply of goods from DTA unit to SEZ unit - treated as physical exports for the purpose of entitling refund of unutilized Cenvat credit contempla ted under the.....
March 14, 2012 Case Laws VAT and Sales Tax HC

Classification of utting oil - merely because the product also has a lubricating effect, cannot be classified as "lubricant" under entry 15 of Schedule II, Part A to the....
March 14, 2012 Case Laws Income Tax HC

Whether the CIT (A), in exercise of power under Section 251 (1) (a) of the Act has the power to enhance the assessment in the manner done in the instant case - held yes - HC
March 14, 2012 Case Laws Income Tax HC

Block assessment - Undisclosed income versus opening capital - block assessment - held that:- the said opening capital accrue to the assessees at a point of time......
March 14, 2012 Case Laws Income Tax HC

Applicability of 40A(7) - Given the fact that Section 40A(7)(b) of the Act contemplates deduction in respect of the provision made, not only for the purpose of......
March 14, 2012 Case Laws Service Tax AT

Levy of service tax - even if the appellant has discharged the service tax liability, after taking the registration under this category, the question of confirming the......
March 14, 2012 Case Laws Service Tax AT

Export of services - instead of foreign exchange going out of India, there is conservation of foreign exchange in India to the extent of commission earned by the service....
March 14, 2012 Case Laws Service Tax AT

Whether hiring of ambulance does not fall under the ambit of Service Tax as ‘Rent-a-Cab’ service - ambulances are not meant for carrying passengers on hire and hence......
March 14, 2012 Case Laws Central Excise AT

Valuation under 4A of MRP - warranty charges - After sales service charges for four years being optional, not includible for valuation purpose while determining MRP......
March 14, 2012 Notifications Customs

Regarding extension of Status Holder Incentive Scrip (SHIS) scheme upto 31.03.2013 . - Ntf. No. 07 /2012 - Customs Dated: March 9, 2012
March 14, 2012 News Indian Laws

Railway Budget 2012-13 at a Glance :
March 14, 2012 News Indian Laws

Highlights of Railway Budget 2012-13.
March 14, 2012 Circulars Service Tax

Allocation of work relating to Service Tax procedures to the Service Tax wing of the CBEC – regarding. - Cir. No. 153/04/2012 – Service Tax Dated: March 6, 2012
March 13, 2012 Circulars FEMA

Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR . - Cir. No. 91 Dated: March 13, 2012
March 13, 2012 Circulars FEMA

Opening of Diamond Dollar Accounts (DDAs) – Change in periodicity of the reporting. - Cir. No. 92 Dated: March 13, 2012
March 13, 2012 News Indian Laws

RBI releases its Monthly RBI Bulletin for March 2012
March 13, 2012 Notifications Central Excise

Imposition of restriction to prevent evasion of, and default in payment of, duty of excise on a manufacturer, first stage and second stage dealer or an exporter in case.....
March 13, 2012 None Indian Laws

E&Y fined and reprimanded over audit work
March 13, 2012 Circulars Customs

Ban on export of Cotton (Tariff Code 5201 and 5203)- reg. - Cir. No. 08/2012-Customs Dated: March 13, 2012
March 13, 2012 Case Laws Companies Law HC

Petition for winding up of companies - Existence of arbitration clause is not a ground to dismiss the application seeking an order of winding up of the respondent-company. - HC
March 13, 2012 Case Laws Income Tax HC

Brought forward and Setoff of business expenditure and business loss against “Income from House Property“ when business has already closed in earlier year - Section 71 -....
March 13, 2012 Case Laws Income Tax HC

The fact that the excisable products are exempt from the payment of excise duty cannot be a ground to hold that the products in question are not manufactured by the......
March 13, 2012 Case Laws Service Tax AT

Appellant agrees to arrange at his own cost suitable godowns for warehousing the products and also to arrange insurance of the goods in the joint name with the principal....
March 13, 2012 Notifications Central Excise

Amends Central Excise Rules, 2002 - Rule “12CC“ shall be substituted by “12CCC“. - Ntf. No. 04/2012-CENTRAL EXCISE (N.T.) Dated: March 12, 2012
March 13, 2012 Notifications Central Excise

Second Amendment in the CENVAT Credit Rules, 2004. - Ntf. No. 03/2012-CENTRAL EXCISE (N.T.) Dated: March 12, 2012
March 13, 2012 Case Laws Central Excise AT

Determination of value of excisable goods - clearances to sister unit for captive consumption as well as to independent buyers - in a case where both the rules are......
March 13, 2012 Case Laws Central Excise AT

Duty liability on the scrap generated at the end of job workers during the course of machining of the inputs/castings - assessees are not liable to pay duty on the......
March 13, 2012 Case Laws Central Excise AT

Even if attracting nil rate of duty, the goods remain excisable and they do not become non-excisable. Therefore, just because the goods listed in the schedule attract......
March 13, 2012 Case Laws Central Excise AT

Demand of duty under Section 4 of the Central Excise Act - Goods cleared under MRP scheme u/s 4A - packaged form was opened at the dealers end for addition and mixing of....
March 13, 2012 Notifications Customs

Duty free re-import of cut & polished diamonds into India after certification/grading by the laboratories / agencies as notified in the Foreign Trade Policy. - Ntf. No.....
March 12, 2012 Case Laws VAT and Sales Tax HC

Principal of classification - VAT on homoeo globules - West Bengal Value Added Tax Act, 2003 - omoeo globule imported by the writ petitioner is entitled to the benefit.....
March 12, 2012 Case Laws Income Tax AT

Shoguns received on marriage taxable as gift - Shoguns were given to assesse and not to daughter, logically cheque should be in bride name - No details provided which......
March 12, 2012 Case Laws Income Tax AT

Surrender of income - additional income offered is deemed income assessable u/s 69A of the Act and no deduction is allowable against such deemed income assessed u/s......
March 12, 2012 Case Laws Income Tax AT

Rejection of Books of Account - non reporting of transaction can be best attributed to auditor and cannot be ground to reject books. For Job work - AT
March 12, 2012 Case Laws Income Tax HC

Capital loss on the sale of the foreign cars - when the sale of the cars itself flow from the terms of the lease agreement and the terms of the agreement thus not......
March 12, 2012 Case Laws Income Tax HC

Determination of perquisite value - Rule 3 - Where an employer takes residential premises on rent by giving security deposit for the benefit of employees, whether the......
March 12, 2012 Case Laws Service Tax AT

Taxation of Service (Provided from Outside India and Received in India) Rules, 2006 - Rule 3(ii) - Held that: there is no evidence on record that the service has been......

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