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Highlights / Annotations / Catch Notes For April of 2021

Home Highlights April April 2021 Year 2021

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Showing 251 to 300 of 384 Records

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April 10, 2021 Case Laws Income Tax

Deduction of interest on late deposit of TDS under Section 37(1) - payment of interest on late deposit of tax deduction at source by the assessee leviable u/s 201 (1A)......
April 10, 2021 Case Laws Income Tax

Unexplained cash credits - if the assessee is able to prove the transfer of money from the assessee’s bank a/c to the bank a/c of the customers and if the said gold loan....
April 10, 2021 Case Laws Income Tax

Estimation of income on sub-contract receipts - Revenue fails to dispute clinching fact that the assessee’s books have indicated the impugned receipts from scrap sales......
April 10, 2021 Case Laws Income Tax

Levy of penalty u/s 271D - cash loan received from mother in violation of provision of Section 269SS - bona fide reason - this advance or loan in cash is between blood......
April 10, 2021 Case Laws Income Tax

Penalty u/s 271(1)(c) - Bogus purchases - no clinching material had been brought on record by the revenue which could disprove the authenticity of the purchases claimed.....
April 9, 2021 Case Laws Income Tax

Automatic vacation of a stay as granted on the completion of 365 days - Constitutional validity of the third proviso to Section 254(2A) - It is liable to be struck down.....
April 9, 2021 Case Laws Central Excise

Liability of Central Excise Duty - principal manufacturer or job-worker - Territorial Jurisdiction - it is evidently clear that the taxable event i.e. manufacture of the....
April 9, 2021 Case Laws Customs

Star Trading House - Seeking clearance of Pigeon Peas for home consumption - In the facts of the present case the RC is binding on the respondents until the completion......
April 9, 2021 Case Laws GST

Refund of the amounts paid during investigation - remittances made by the petitioner during investigation - self- ascertainment - Section 74(5) of GST Act - statement......
April 9, 2021 Case Laws Service Tax

Pre-Show Cause Notice Consultation - it cannot be said that voluntary statements made by the officials of the petitioners before the Senior Intelligence Officer would......
April 9, 2021 Case Laws Income Tax

Exemption u/s 11 - subsidy received from BCCI - BARODA CRICKET ASSOCIATION - Charitable activities u/s 2(15) - we are not convinced with the case put up by the Revenue......
April 9, 2021 Case Laws Customs

Direction to re-assess the goods in Bill of Entry - In this case, the amendment sought for is based on the documents that were available before the import. Since the......
April 9, 2021 Case Laws Income Tax

Assessment u/s 144C(13) - Time limit for completion of assessments and reassessments - Sub-section (13) to Section 144C, in my view, imposes a restriction on the......
April 9, 2021 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - Flat Buyer is a Financial Creditor or not - Whether ‘HBPL’ falls within the ambit of the definition of ‘Corporate Debtor’, as defined under Section.....
April 9, 2021 Case Laws Central Excise

Suppression of production and clandestine removal - bars/ rods - MS Ingots - The order is not discussing any documents of the appellant proving the alleged clandestine......
April 9, 2021 Case Laws Income Tax

Penalty levied u/s 271(1)(b) - assessee had failed to provide full submissions - penalty levied by the Assessing Officer u/s 271(1)(b) of the IT Act deserves to be......
April 8, 2021 Case Laws Indian Laws

Validity of Guidelines issued by the Institute of Chartered Accountants of India (ICAI) - specified number (Cap) of tax audit assignments - The guidelines which are......
April 8, 2021 Case Laws Central Excise

Benefit of SVLDRS - Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - In the considered opinion of this Court, by virtue of provisions of Section 125(1)(d) of the....
April 8, 2021 Case Laws Income Tax

Offences punishable u/s 276C(1) r.w.s 201 and 204 of IPC - unaccounted financial transaction - until and unless it is determined that the unaccounted transactions......
April 8, 2021 Case Laws Customs

Refund claim redemption fine and penalty, since the demand was set aside - Revenue contended that the claim is unsupported by documents - applicability of time......
April 8, 2021 Case Laws Customs

Recording of investigation by way of videography - the need for comprehensive videography, and the installation of CCTV cameras in all investigating agencies has been......
April 8, 2021 Case Laws Income Tax

ITAT dismissed an appeal solely on account of non-appearance of the appellant - the first application aforesaid of the petitioner, filed in or about March, 2017, for......
April 8, 2021 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - Appeal against the admission of application - The Corporate Debtor's main contention is that the amounts paid by the Operational Creditor and its......
April 8, 2021 Case Laws Income Tax

Addition on account of bogus creditors - non-producing the parties in person - When the purchases from the parties were accepted and the sales made out of those......
April 8, 2021 Case Laws GST

Recovery of interest on GST - Adjustment of amount of rebate claims against the interest on delayed payment of goods and service tax by the appellant - since the......
April 8, 2021 Case Laws Income Tax

Levy of penalty u/s.271(1)(c) - estimation of disallowance at 50% of commission and improvement expenditure - in this case, the additions were made on the basis of......
April 8, 2021 Case Laws Customs

Refund of Additional Customs Duty - refund rejected on the ground that the claimant is not the importer of the goods - The agreement is sufficient evidence to satisfy......
April 8, 2021 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - time limitation - OTS Proposals and Settlement requests and balance sheet referred, it is not found that the Application under Section 7 could be......
April 8, 2021 Case Laws Insolvency and Bankruptcy

Priority to the first charge holder - Secured Creditor - relinquishment of security interest - Sub-classification inter-se the Secured Creditors in the distribution......
April 8, 2021 Case Laws Income Tax

Denying the registration u/s.12AA - Charitable activity u/s 2(15) - In any event, CIT (Exemption) should not have come to conclusion that the objects of the appellant......
April 7, 2021 Case Laws GST

Seeking release of detained goods alongwith the truck - invalid documents or not - The truck is exposed to the vagaries of weather and over a period of time the vehicle.....
April 7, 2021 Case Laws Customs

Amendment of bills of entry (b/e) - Section 149 of the Customs Act, 1944 - Change of GST Numbers of unit located in different location - The petitioner succeeds and must....
April 7, 2021 Case Laws GST

Discharge of GST liability - Denial of transition of accumulated credit in respect of Tax Deducted at Source - any deduction made towards anticipated tax liability would....
April 7, 2021 Case Laws Income Tax

Disallowance of advertising expenditure - the deletion of the addition made by the A.O. qua expenditure incurred on advertising both by the CIT(A) and the Tribunal, to......
April 7, 2021 Case Laws Income Tax

Levy penalty under Section 271(1)(c) - As the assessee attempted a change in the method of accounting, concerning the aforementioned expenses. The method of accounting,.....
April 7, 2021 Case Laws Income Tax

Validity of Assessments made u/s 153C - The A.O. has not followed the proviso to Section 153C of the I.T. Act. No satisfaction note have been recorded in the case of......
April 7, 2021 Case Laws Income Tax

TP Adjustment - sale of an under construction vessel - the TPO by observing that the assessee had lost the “Opportunity cost” had clearly exceeded his jurisdiction.......
April 7, 2021 Case Laws Income Tax

Addition u/s 69 - undisclosed foreign bank account - addition being the peak balance - Matter remanded back to AO for adjudication of the issue afresh stating that the......
April 7, 2021 Case Laws Income Tax

Seeking withdrawal of Revenue Appeal - Resolution of dispute under Mutual Agreement Procedure [MAP] with the U.S.A. - We are of the considered view that the letter dated....
April 7, 2021 Case Laws Income Tax

Grant of approval u/s 10(23C)(vi) denied - The claim being inadmissible in the preceding years on account of receipts exceeding a specified limit, surely does not......
April 7, 2021 Case Laws Income Tax

Addition made u/s. 69 on account of Transfer Pricing (TP) adjustment - Assessee cannot be expected to prove negative. The onus is on the Department to substantiate that.....
April 7, 2021 Case Laws Income Tax

Revision u/s 263 - Addition u/s 68 - in the light of the judicial precedents and in the light of fact that AO has conducted enquiries in respect of share capital......
April 7, 2021 Case Laws Income Tax

Disallowance on account of Royalty - estimated liability - What should be certain is the incurring of the liability. It should also be capable of being estimated with......
April 7, 2021 Case Laws Income Tax

Disallowance of depreciation on car and expenses related to cars which were registered in the name of the directors - the dominion ownership of the car rest with the......
April 7, 2021 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - Period of limitation - it is well settled position of law that Annual Returns/Audited Balance Sheets can be referred to and relied on to see if......
April 7, 2021 Case Laws VAT and Sales Tax

Priority of charge on the land of the 7th respondent - Recovery of Sales Tax dues - As the 7th respondent ceased to be a Power of Attorney holder of the 6th respondent......
April 6, 2021 Case Laws GST

Detention of goods alongwith vehicle - Having regard to the fact that goods and vehicle are lying stationed/detained with the respondent No.2 since 11.03.2021;......
April 6, 2021 Case Laws Income Tax

Reopening of assessment u/s 147 - reopening beyond the period of 4 years - bogus purchases transactions of diamonds - assessee was aware that, it was only an......
April 6, 2021 Case Laws Income Tax

Addition u/s 68 - If the assessee could not produce the Directors during the assessment proceedings in response to the summons issued by the Assessing Officer due to......
April 6, 2021 Case Laws Income Tax

Addition on account of suppressed production on the basis of electricity consumption - the AO failed to appreciate the facts and did not attempt to establish a direct......

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F: assessment order

A: Electronic Liability Register

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