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Highlights / Annotations / Catch Notes For May

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Showing 5001 to 5050 of 6674 Records

1 ....97 98 99 100101102 103 104 105........ 134

May 7, 2016 Case Laws Income Tax

Addition u/s. 28(iv) - waiver of the outstanding principal amount of loan - amount used for the purchase of capital asset, the waiver thereof is a capital receipt not......
May 7, 2016 Case Laws Income Tax

Disallowance under section 80-IA - choosing of the initial assessment year - it is the option of the assessee to choose the initial assessment year for claiming......
May 7, 2016 Case Laws Income Tax

TDS liability - Payment to Association of Tennis Profession (ATP) - ATP is a non-resident sports institution and therefore Section 194E applies to the payments made by......
May 7, 2016 Case Laws Income Tax

Additional depreciation on Ready Mix Concrete [RMC] - assessee is not entitled for additional depreciation in respect of machinery used since production of ready mix......
May 7, 2016 Case Laws Income Tax

When income is computed u/s 11, A.O. was not correct in disallowing the amounts by invoking the provisions of sec. 40(a)(ia) and 43B for failure to deduct TDS and......
May 7, 2016 Case Laws Income Tax

Foreign exchange gain pertaining to marketing commission segment should be considered as operating income - AT
May 7, 2016 Case Laws Income Tax

Since the subsidy received for setting up of industries by installing plant and machinery would definitely reduce the cost of the plant and machinery from the side of......
May 7, 2016 Case Laws Income Tax

Treatment of income from trial run receipts - the income earned by the assessee by operation of plant and machinery for treating the effluent water and collected the......
May 7, 2016 Case Laws Service Tax

If according to the appellant service tax liability was not attracted then also they should have deposited the amount with the department as an amount recovered in the......
May 7, 2016 Case Laws Service Tax

Levy of penalty - As the assessee had paid service tax and interest by showing their bonafides before issuance of SCN - Penalty liable to be waived of by invoking Section 80 - AT
May 7, 2016 Case Laws Service Tax

Once the seervice tax is collected it is the duty to pay it to the credit of Central Government within six months from the date of collection - Failure to deposit is a......
May 7, 2016 Case Laws Customs

Commissioner ought to have stayed the adjudication proceedings since the issue was pending before various Tribunals at different stages would lead to absurd - there is......
May 7, 2016 Case Laws Customs

Department cannot seek to rely upon Section 28(11) as authorising the officers of the Customs, DRI, the DGCEI etc. to exercise powers in relation to non-levy, short-levy....
May 7, 2016 Case Laws VAT and Sales Tax

Nature of amount deposited as per the direction of the Court - GVAT - Such amount cannot be termed as an amount of tax paid as envisaged under sub-section (1) of section....
May 6, 2016 Case Laws Income Tax

Disallowance of speculative loss invoking the provisions of section 73 - if the gross total income of the assessee comprises of any or all the heads of income, then the.....
May 6, 2016 Case Laws Income Tax

Eligibility for re-registration after cancellation of registration u/s 12AA cancelled - assessee cannot apply for re-registration, once the registration granted was......
May 6, 2016 Case Laws Income Tax

Addition on gifts received - the gift being transferred “in kind” hence not to be taxed for the year under consideration - AT
May 6, 2016 Case Laws Income Tax

Income from Other Sources - Bonus shares can never be considered as received without consideration or for inadequate consideration calling for application of subclause......
May 6, 2016 Case Laws Income Tax

TDS liability - period of limitation - proceedings u/s 201 can be initiated by the TDS office within the period of 2 years from the end of the financial year in which......
May 6, 2016 Case Laws Income Tax

Penalty u/s.271BA - no affidavit from the Director or by Chartered Accountant to show that report in Form No.3CEB was obtained before the due date of filing of the......
May 6, 2016 Case Laws Income Tax

Revision u/s 263 - assessee failed to demonstrate as to how the notice under section 263 was under the influence of auditors’ objection. The ld.Commissioner has recorded....
May 6, 2016 Case Laws Income Tax

Levy of interest under section 115P - It is not in dispute that dividend tax, under section 115P of the Act, was paid by the assessee well within 14 days of declaration.....
May 6, 2016 Case Laws Income Tax

Deduction u/s 10A - what is required to be excluded in the export turnover are only freight, telecommunication charges or insurance attributable to the delivery of......
May 6, 2016 Case Laws Income Tax

Amounts realised to meet the contingent sales tax liability of the assessee has since been refunded to the persons from whom the same was collected and also a finding......
May 6, 2016 Case Laws Income Tax

Disallowance under the Explanation under sub-section (4A) of section 80HHC - assessee is exporting directly to the buyers and also through export houses - submission of.....
May 6, 2016 Case Laws Income Tax

Disallowance of provisions of interest as the provisions amounted to unascertained liability - there is no estoppel against the Statute and the Act enables and entitles.....
May 6, 2016 Case Laws Service Tax

If the inspection of the seafood and analysis thereof as to adherence to the quality as prescribed, would fall under the category of “Technical Testing & Analysis......
May 6, 2016 Case Laws Service Tax

In the absence of any express or implied provision for retrospective applicability, an amending Notification No.33/2008-ST where the said proviso (e) was deleted would......
May 6, 2016 Case Laws Service Tax

Sale of tickets for IPL Cricket Tournament - Levy of service tax as well as entertainment tax - the only interim order that can be passed at this stage, is to direct......
May 6, 2016 Case Laws Income Tax

Condonation of delay denied - Ignorance of law is no excuse - HC
May 6, 2016 Case Laws Service Tax

Waiver of penalty u/s 80 - service tax - There is no absolute discretion to waive the penalty - SC
May 6, 2016 Case Laws Customs

As the appellant has paid an amount on account of rent in favour of Commissioner of Customs (Preventive), NCH, New Delhi under protest, the said amount is refundable to.....
May 6, 2016 Case Laws Customs

Provisions of Section 117 gets attracted only to a person who has contravened the provisions of the Act or abets any such contravention or fails to comply with any......
May 6, 2016 Case Laws VAT and Sales Tax

The “Nutralite” would fall under the Entry 31 of the Schedule III of the KVAT Act, ‘Edible Oil’ and would attract the rate of tax prescribed in respect of edible oils. - HC
May 5, 2016 Circulars DGFT

List of services where payment has been received in Indian Rupees which can be treated as receipt in Deemed Foreign Exchange as per guidelines of Reserve Bank of India......
May 5, 2016 News Bill

Finance Bill, 2016 has been passed by the Loksabha today (5-5-2016) with several amendments to the Clauses 3, 7, 16, 19, 41, 43, 46, 49, 50, 52, 53, 60, 66, 81, 86, 96,.....
May 5, 2016 Case Laws Service Tax

Period of limitation u/s 11B does not apply to refund of accumulated cenvat credit and therefore bar of limitation cannot be a ground to reject refund of cenvat credit......
May 5, 2016 Case Laws Central Excise

Relaxation in time for deposit of the amount is well deserving and also within the powers available under the Act, when there is substantial compliance of this court's order - HC
May 5, 2016 Case Laws Customs

Mere filing a review petition before the SC cannot be held that the decision rendered are not valid as on date - HC
May 5, 2016 Case Laws Customs

Levy of penalty - The proprietor of the firm had given a Letter of Authority to the Manager to look after the day-to-day affairs. Therefore the penalties imposed on the.....
May 5, 2016 Case Laws VAT and Sales Tax

Once the goods are found unsatisfactory in any vehicle, the authority may seize the goods after detaining the vehicle and such goods may be kept by the authority at any.....
May 5, 2016 Case Laws VAT and Sales Tax

For breach of the provisions of section 69 of the GVAT Act, action can only be taken under that section whereby the concerned officer is empowered to levy penalty not......
May 5, 2016 Case Laws Income Tax

Donation to Bharatiya Janata Party - The assessee has not given any advertisement in souvenir of the political party therefore not hit by the provisions of section......
May 5, 2016 Case Laws Income Tax

Payment received from resellers in India for acquisition of computer software - Assessee who is a non resident does not have a permanent establishment and therefore......
May 5, 2016 Case Laws Income Tax

Depreciation to assessee trust - Depreciation is allowable on capital assets on the income of the charitable trust for determining the quantum of funds which have to be.....
May 5, 2016 Case Laws Income Tax

Addition on account of lump-sum lease charges received - lease transaction does not give an absolute ownership or title as it can be cancelled and re-entered - assessee.....
May 5, 2016 Case Laws Income Tax

Provisions made under the DTAA will prevail over the general provision contained in the Income-tax Act to the extent that they are beneficial to the assessee - AT
May 5, 2016 Case Laws Income Tax

TDS u/s 195 - remittance towards ‘group cost recharge’ to its associated enterprise(AE) in Singapore - impugned services rendered for which the payment was collected by.....
May 5, 2016 Case Laws Income Tax

Transfer pricing adjustment towards notional guarantee commission chargeable for the guarantee extended to its associated enterprises - commission chargeable for......
May 5, 2016 Case Laws Income Tax

Allowance of depreciation to assessee trust - When the asset was used as tool for carrying out the object of the charitable institution, such activity cannot be......

1 ....97 98 99 100101102 103 104 105........ 134

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