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Highlights / Annotations / Catch Notes For May of 2018

Home Highlights May May 2018 Year 2018

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Showing 451 to 500 of 512 Records

1 ....6 7 8 91011

May 4, 2018 Case Laws Central Excise

The issue of reversal of credit arises only when the final product destroyed in fire and not in case of semi finished goods - demands raised against the appellant for......
May 4, 2018 Case Laws VAT and Sales Tax

Supply in the nature of sales or works contract - Merely because in the contract for laying down pipelines, a particular quality and / or thickness of the steel plates......
May 3, 2018 Case Laws GST

Filing of GST Tran-1/ Tran-2 forms - one time facility of filing, so as to result in a deemed credit as though the assessee had filed the form before the expiry of the......
May 3, 2018 Case Laws Customs

Classification of goods - Heavy Melting Scrap and Re-rollable scrap - Since the cut ends do not have proportionate size they have very limited usage - we fail to......
May 3, 2018 Case Laws Customs

Violation of import conditions - As the appellant has discharged the export obligation, in that circumstance, it is not open for the Revenue to initiate proceedings......
May 3, 2018 Case Laws Income Tax

Use of information gathered as a result of search - whether the material found in the course of survey in the premises of the builder could be used in Block Assessment......
May 3, 2018 Case Laws Income Tax

Reopening of assessment - Since the impugned notice for the reassessment is based only on the allegation that the appellant(s) has permanent establishment in India, the.....
May 3, 2018 Case Laws Income Tax

Validity of reopening of assessment - non compliance of the procedure indicated in the GKN Driveshafts (India) Ltd., would not make the order void or non est. Such a......
May 3, 2018 Case Laws Income Tax

Levy of penalty u/s 271(1)(c) - defect in the notice - it was only after 10 years, when the appeals were listed for final hearing, this issue is sought to be raised -......
May 3, 2018 Case Laws Income Tax

Income from unexplained sources - once neither any item in the trading account, nor gross profit has been rejected, then one part of credit side of the trading account,.....
May 3, 2018 Case Laws Income Tax

Computation of income from house property - the land does not belong to the assessee and the superstructure belongs to the assessee. - for computing the annual rental......
May 3, 2018 Case Laws Income Tax

Deduction of interest from house property income (rental income) - AO restricted the deduction only for the part of the year during which the property had remained in......
May 3, 2018 Case Laws Income Tax

Set off of interest paid to members of the society from Interest earned on bank deposits - Section 40 (ba) is applicable while computing business income. This clause is.....
May 3, 2018 Case Laws Income Tax

In terms of Article 12(5)(a) of the treaty, payment received by the assessee for the training required for the employees of the Gail at the time of delivery of the......
May 3, 2018 Case Laws Income Tax

Entitled to a claim of depreciation allowance on the assets of its’ unit managing shrines (holy places) - Without doubt, the same is admissible - However, the same would....
May 3, 2018 Case Laws Income Tax

All the receipts and expenses being accounted, with the accounts being audited, we find no basis for drawing any adverse inference from the deposit of cash in bank post 08.11.2016. - AT
May 3, 2018 Case Laws Service Tax

Non-issuance of SCN - Oral intimation of tax liability during audit - Waiver of SCN not accepted by the assessee - As such limitation for the extended period is not......
May 3, 2018 Case Laws Service Tax

Demand of service tax on TDR - locus standi of the petitioner - the petitioner acts only as a facilitator between the buyer and seller of TDR - This Court do not find......
May 3, 2018 Case Laws Service Tax

CENVAT credit - input services - the advertisement expenditure was incurred for advertisements not for liquor but of other products of the company, such as, soda - such.....
May 3, 2018 Case Laws Service Tax

Reversal of CENVAT credit - partly exempt services - Rule 6(2) of CCR 2004 - the service per se is not exempted, but a part of the taxable value is only exempted - If......
May 3, 2018 Case Laws Service Tax

Scientific and Technical Consultancy Service - In-house training M/s SMC, Japan does not covered under Scientific and Technical Consultancy Service in terms of Section......
May 3, 2018 Case Laws Central Excise

Adjudication of Show cause notice - Input tax credit on 40 services - Matter is pending before SC in relation to 3 services out of 40 services in question - Adjudicating....
May 3, 2018 Case Laws Central Excise

Classification of goods - NUZEN GOLD HERBAL HAIR OIL - ayurvedic medicament or cosmetic - the product NGHHO is used for treatment of dandruff, falling hair or hair loss,....
May 3, 2018 Case Laws Central Excise

Reversal of CENVAT credit - inputs written off and written back in the books of account - the adjudicating authority must re-quantify the actual credit to be reversed on....
May 3, 2018 Case Laws Central Excise

Refund of excess duty paid on the component of Sales Tax - deduction of sales tax amount from the assessable value - The assessment being final and excise duty has been.....
May 3, 2018 Case Laws Central Excise

CENVAT credit - inputs - certain inputs were rejected/ spoiled by the job worker and certain inputs were not received back by the appellant from the job worker - there......
May 3, 2018 Case Laws Central Excise

Classification of goods - Vipul Booster - the correct classification of the Vipul Booster is an insecticide under heading 3808.10 - the classification sought by the......
May 3, 2018 Case Laws Central Excise

Reversal of cenvat credit - in the event credit on input service viz. manpower supply service was not used in providing the service for clearing Oxygen Gas for medical......
May 3, 2018 Case Laws Central Excise

CENVAT credit - inputs received from a 100% EOU - there is no warrant to restrict the scope of the term additional duty of customs occurring in the formula to only the......
May 3, 2018 Case Laws VAT and Sales Tax

Validity of re-assessment order - It is well settled principle that entertaining the writ petitions against the assessment orders directly would consume the precious......
May 3, 2018 Case Laws GST

Levy of Administrative Charges - post GST situation - sale and supply of molasses under the provision of the U.P. Sheera Niyantran Adhiniyam, 1964 - stay granted - HC
May 2, 2018 Circulars GST

Levy of GST on sale of tenancy right - The transfer of tenancy rights cannot be treated as sale of land or building declared as neither a supply of goods nor of services....
May 2, 2018 Case Laws GST

Power to levy of advertisement tax - omission of clause (b) of sub-Section (2) of Section 172 and Sections 192 and 193 of the U.P. Municipal Corporation Act, 1959 -......
May 2, 2018 Case Laws Customs

Valuation - challenging assessed bill of entry - payment of duty at the enhanced value and clearance of the goods in urgency cannot preclude the assessee from......
May 2, 2018 Case Laws Income Tax

TDS u/s 194J - payment for service charges - reimbursement of expenses - the payment made by KSL and ML to HSL for various expenses incurred would be a reimbursement and....
May 2, 2018 Case Laws Income Tax

TDS u/s 194H - The sale of prepaid sim cards and RCVs by the assessee to the distributors are on principal–to–principal basis, hence, outside the ambit of section 194H of the Act. - AT
May 2, 2018 Case Laws Income Tax

Holding loss as speculative loss - transactions of forward (future) contract of sale of gold to the Bank or the MMTC - assessee failed to correlate these forward......
May 2, 2018 Case Laws Income Tax

Additions towards interest on capital - the interest payment relating to the addition confirmed as unexplained cash credit in the hands of the firm is not allowable and.....
May 2, 2018 Case Laws Income Tax

Additions u/s 68 - Unsecured loans - partnership firm - Making addition of unsecured loans relating to the partnership firm in the hands of the assessee is bad in law......
May 2, 2018 Case Laws Income Tax

Registration u/s. 12AA - charitable activities or busniss activities - Sukhmani centers - society is to run on a self-sustaining basis - the assessee is undertaking......
May 2, 2018 Case Laws Income Tax

Expenses related to the foreign travels of the family members of the directors - business expediency - As the assessee may stand to derive some business benefit from......
May 2, 2018 Case Laws Income Tax

Disallowance of 20% of Legal & Professional Fees paid - authorities have not identified, if the payments made to related party is unreasonable - Legal & Professional......
May 2, 2018 Case Laws Insolvency and Bankruptcy

Corporate insolvency process - Authorization - the application has been filed by the authorised persons, we hold that both the applications on behalf of the ‘Financial......
May 2, 2018 Case Laws Central Excise

Whether the omission of Section 3A of the Central Excise Act, 1944 by Section 121 of Finance Act, 2001, without any saving clause would affect the proceedings in respect....
May 2, 2018 Case Laws VAT and Sales Tax

Levy of tax on works contract - interstate transaction - divisibility of the contract would not empower the Authorities to subject the inter state transaction to tax......
May 2, 2018 Case Laws VAT and Sales Tax

Classification of All-in-one Diapers, Under-pads and Sanitary Napkins - Such Underpads or Diapers definitely help them in maintaining good medical and hygienic......
May 1, 2018 News GST

GST Revenue collection in the month of April 2018 exceeds ₹ 1 Lakh Crore
May 1, 2018 Case Laws Customs

Import of crude palm oil - allegation that beta-carotene content in the crude palm oil is below the prescribed level - The conformity of impugned goods with crude palm......
May 1, 2018 Case Laws Customs

Penalty u/s 114(i) on CHA - filing shipping bills in respect of prohibited goods - separate penalties on partners or authorised signatories are not warranted, when......
May 1, 2018 Case Laws Customs

Imported cargo containing Chloride content - goods are not in consonance with the purity standards laid down under FSS Act, 2006. Inasmuch as clearance of the same can......

1 ....6 7 8 91011

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