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Highlights / Annotations / Catch Notes For May of 2015

Home Highlights May May 2015 Year 2015

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Showing 201 to 250 of 399 Records

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May 15, 2015 Case Laws Central Excise

Demand of duty - assessee had in fact distributed the goods free of cost to the economically weaker sections of the society. In these circumstance, the respondent could....
May 15, 2015 Case Laws Central Excise

Denial of refund claim u/s 11B - Valuation - revision in price at lower rate - reduction of penalty of upto 5% on account of delay in delivery - refund allowed - SC
May 15, 2015 Case Laws Central Excise

Denial of refund claim - refund of accumulated credit - credit cannot be denied on the ground that in respect of two units are located in the same premises, there is......
May 15, 2015 Case Laws Customs

Classification of goods - import of Populated Printed Circuit Boards (PPCBs) - classification under Chapter Heading 8517.90 upheld - SC
May 15, 2015 Case Laws Companies Law

Application for Winding up of the Company - merely because the Respondent Company is a running concern and has employees working, cannot be a reason to reject a winding.....
May 15, 2015 Case Laws Income Tax

Scope of section 132 - search and seizure - whether conditions precedent for issuing warrant of authorization under Section 132 does exist in the present case? -......
May 15, 2015 Case Laws Income Tax

Income from house property - Annual Value - Estimated the “ALV” - it is evident that if the property is let out for the part period, the ALV is to be computed for the......
May 15, 2015 Case Laws Income Tax

Deduction under Section 80IC - Disallowance to claim of deduction u/s 80IC of the Act on the income from sale of business assets and income from interest on short term.....
May 15, 2015 Case Laws Income Tax

Addition u/s 68 - assessee is a loss making company and assessee has not been able to establish as to why an ordinary person of even having little prudence will invest......
May 15, 2015 Case Laws Income Tax

Non deduction of tds on datalink charges - technical services u/s 194J - activity does not involve technical services as there was only interconnection of the networks......
May 15, 2015 Case Laws Income Tax

Penalty - Repayment of loan by any other mode except by way of account payee cheque/draft in violation of section 269SS/ 269T - transfer of amount by way of Journal......
May 15, 2015 Case Laws Income Tax

Non-refundable portion of Advance Fee received for coaching - Income/ Revenue Recognition - only that part of the receipt is taxable in this year which accrued to the......
May 15, 2015 Case Laws Income Tax

Long term capital gain on sale of long term capital assets - there is no conversion of capital assets to stock-in-trade either by the assessee or the joint family. In......
May 15, 2015 Case Laws Income Tax

Dissolution of Firm - once the dissolution of the firm is held to be not proved, the necessary corollary is that the property continues to be that of the Assessee firm.....
May 15, 2015 Case Laws Income Tax

Validity of assessment for want of notice u/s 143(2) - failure on the part of the Assessing Officer to serve the notice within the stipulated period of 12 months which.....
May 14, 2015 Case Laws VAT and Sales Tax

Valuation - Deduction on account of “turnover discount” - VAT Tribunal fell into error in holding that the discounts on sales which are subject matter of the present......
May 14, 2015 Case Laws VAT and Sales Tax

Right of use - VAT liability - hiring of Deluxe buses by DTC - there is no transfer of the effective control and possession - possession has always remained with the......
May 14, 2015 Case Laws Indian Laws

Possession of disproportionate assets / surplus income - The percentage of disproportionate assets is 8.12%. It is relatively small. In the instant case, the......
May 14, 2015 News Indian Laws

THE BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX BILL, 2015 - As passed by both houses of parliament
May 14, 2015 Case Laws Service Tax

Denial of refund claim - SEZ unit - Notification 17/2011-ST dated 01/03/2011 - . Merely because there was a delay in grant of approval, that cannot take away the right......
May 14, 2015 Case Laws Central Excise

Valuation - Deduction of sales tax - insofar as the period up to 1.7.2000 is concerned, case has to be decided in favour of the assessee and for the period from......
May 14, 2015 Case Laws Central Excise

Imposition of penalty - when there was conflict of judicial opinion before the issue stood settled by the judgment of this Court, it is not a case where penalty should be imposed - SC
May 14, 2015 Case Laws Central Excise

Refund of unutilized credit - Rule 5 of of CCR, 2002 - Refund to be allowed only after exclusion of credit amount on the finished goods lying in stock and also credit on....
May 14, 2015 Case Laws Customs

Benefit of Vishesh Krishi Upaj Yojana scheme - exporters of Menthol and Mentha Oil - export of value added products under the description “Mentha Arvensis” -......
May 14, 2015 Case Laws Income Tax

Notional interest accruing from other sources - there was no “real income” in the facts and circumstances of this case - no addition - HC
May 14, 2015 Case Laws Income Tax

Treatment to the rental income from letting out of the godowns - the income received by the assessee, by way of rent, was the income received from property and it......
May 14, 2015 Case Laws Income Tax

When the assessee supplies the software which is incorporated on a CD, it has supplied tangible property and the payment made by the cellular operator for acquiring such....
May 14, 2015 Case Laws Income Tax

Search u/s 132 - undisclosed income of three items - The statement recorded under section 132(4) of the Act would certainly constitute an important basis for an......
May 14, 2015 Case Laws Income Tax

Ex gratia/compensation amount as determined under section 10(10C) - assessee had exercised the option of voluntary retirement under the "exit option" scheme from State......
May 14, 2015 Case Laws Income Tax

Penalty under section 271(1)(c) - disclosure of income during search operation - such undisclosed income would get immunised from the levy of penalty. - AT
May 14, 2015 Case Laws Income Tax

Addition on payment made through credit card - CIT(A) have considered the fact that some personal expenditure could also have been incurred by the assessee, so the......
May 14, 2015 Case Laws Income Tax

TPA - Jurisdiction of the AO in making the assessment without referring the matter to the Transfer Pricing Officer where the value of international transactions exceeded....
May 13, 2015 Case Laws Service Tax

Waiver of pre-deposit - Tribunal in the case of appellant ordered to deposit entire amount of service tax with interest except penalty - in a similar case stay was......
May 13, 2015 Case Laws Service Tax

Refund claim - while making e-payment, the petitioner company has wrongly mentioned its assessee code wherein one letter viz., "J" has been wrongly mentioned instead of.....
May 13, 2015 Case Laws Service Tax

Indian subsidiary providing marketing support services for the products manufactured outside India - AAR held that service is not taxable in India - The Commissioner......
May 13, 2015 Case Laws Central Excise

Classification of fixed dos combination of Vitamin B-1, B-6 and B-12 injectible as well as tablets form - goods in question would be classified under Heading 3003.10 - SC
May 13, 2015 Case Laws Central Excise

Denial of CENVAT Credit - Service tax paid on the invoices raised by the C&F agents on GTA outward transportation - credit allowed - AT
May 13, 2015 Case Laws Customs

CHA - Suspension of custom clearance license - the authority issuing the charge sheet/show cause notice, cannot, instead of telling him the charges, confront him with......
May 13, 2015 Case Laws Income Tax

Disallowance of the claim u/s 80IB(10) - project completed in part - merely because the assessee had not completed the building No.D within prescribed time under the......
May 13, 2015 Case Laws Income Tax

Disallowance u/s 43B - vend fee outstanding as a liability payable to the Government of Kerala as on the last day of the accounting year - it would be a 'fee'......
May 13, 2015 Case Laws Income Tax

TDS on wheeling and transmission charges - use of transmission lines or other infrastructure i.e. plant, machinery and equipment - The focus of the revenue is only the......
May 13, 2015 Case Laws Income Tax

TP Adjustments - The considerations which applied for issuance of a Corporate guarantee are distinct and separate from that of bank guarantee and accordingly we are of......
May 13, 2015 Case Laws Income Tax

Demand notices u/s 156 - requirement of deposit during the pendency of appeal - petitioner had already deposited 50% of the tax demand - assessee may not be treated as......
May 13, 2015 Case Laws Income Tax

If the Assessing Officer has raised same issue it has not made any addition then the CIT(A) cannot picked up this issue making further disallowance and enhancement......
May 13, 2015 Case Laws Income Tax

Disallowance of the service tax payable under section 43B - since the assessee did not debit the amount to the P&L account as an expenditure nor did the assessee......
May 13, 2015 Case Laws Income Tax

Deduction u/s 80IB - allocation of expenses, from Head Office - even if the assessee has made some allocation in the present year, it has to be seen that such allocation....
May 13, 2015 Case Laws Income Tax

Nature of expenditure relating to loan - Processing charges and other expenses incurred by the assessee in connection with the loan borrowed, thus, are to be considered.....
May 12, 2015 Case Laws Service Tax

Seizure of bank account - Default of payment of service tax - Pursuant to such order to freeze the bank account, the service tax amount due and payable by the......
May 12, 2015 Case Laws Service Tax

Input service credit - transportation of cane seeds and bio manure to the place of the farmers - services availed by the appellant is having a nexus indirectly to the......
May 12, 2015 Case Laws Central Excise

Demand of interest on wrong availment of CENVAT Credit - we find no reason to read the word "OR" in between the expressions 'taken' or 'utilized wrongly'....

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