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Highlights / Annotations / Catch Notes For May

Home Highlights May

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Showing 5101 to 5150 of 6674 Records

1 ....99 100 101 102103104 105 106 107........ 134

May 4, 2016 Case Laws Income Tax

Credit purchases are nothing but expenditure and if sundry credits are not proved by the assessee addition can be made by the AO by resorting to section 69C - HC
May 3, 2016 Case Laws Service Tax

Test of input being used in or in relation to manufacture is to be applied to consider allowance of CENVAT credit of the service tax paid on the input utilized and......
May 3, 2016 Case Laws Service Tax

The transport of chlorine through pipeline is done by the appellant in their own account and the delivery on sale is made to the buyer. The transportation charges are......
May 3, 2016 Case Laws Service Tax

In the absence of any co-relation and linkage with the services and with the export of the goods, the refund cannot be granted in terms of Notification No. 17/2009-ST - AT
May 3, 2016 Case Laws Central Excise

Mandatory provision to deposit 7.5% of the demand of duty and penalty for entertainment of appeal - Court in exercise of its jurisdiction under Article 226 of the......
May 3, 2016 Case Laws Central Excise

Penalty u/s 11AC cannot be imposed if there is no suppression or misstatement by the assesseeu/s 11A - HC
May 3, 2016 Case Laws Central Excise

Clandestine removal - excess quantity - In the absence of clinching evidence regarding purchase of raw materials, use of extra electricity, sale of final products and......
May 3, 2016 Case Laws Customs

Goods in respect of which any prohibition is in force in the context of Section 112 would imply to goods which are prohibited from being imported and not goods which......
May 3, 2016 Case Laws Customs

Suspension of CHA licence - If licence got renewed during continuation of suspension, the continuation of suspension is not legally sustainable - AT
May 3, 2016 Case Laws Customs

Revokation of CHA licence and forfeiture of security - As per Regulation 20, statutory time limit prescribed for issuance of show cause notice is 90 days of offence report - AT
May 3, 2016 Case Laws Customs

Having deposited full amount of duty, interest and 25% of penalty, no further proceedings were required to be continued in terms of the provisions of Section 28(1A) and.....
May 3, 2016 Case Laws Customs

Provisions of Section 28(1A) are applicable only in respect of proceedings under Customs Act, 1962 and provides for conclusion of proceedings under Customs Act only, not....
May 3, 2016 Case Laws Customs

Import of baggage - Passenger brought dutiable goods into the country while leaving blank the relevant column in the disembarkation card ought not to be considered as an....
May 3, 2016 Case Laws VAT and Sales Tax

Amnesty Scheme - Additional Commissioner has no power to reject the application under Amnesty Scheme - Power only could have been exercised by the Commissioner, VAT Delhi - HC
May 3, 2016 Case Laws VAT and Sales Tax

The invoking of the revisional power by the Deputy Commissioner u/s 46 of the DST Act was unjustified and unwarranted. The impugned SCN requires to be quashed on this ground alone - HC
May 3, 2016 Case Laws VAT and Sales Tax

A quasi judicial authority should discharge the statutory discretionary powers independently and not under the dictation of superior officers - HC
May 3, 2016 Case Laws VAT and Sales Tax

Refund of amount paid to get the goods released - truck not stopped at the checkpost - Insofar as a truck which has already entered the State is concerned, it is the......
May 3, 2016 Case Laws Income Tax

Proceeding conducted by Settlement Commission - any direction issued to the Settlement Commission during the pendency of the proceedings before it would amount to......
May 3, 2016 Case Laws Income Tax

Waiver of levy of interest u/s 234B - Application made u/s 119(2)(a) before CCIT - Chief Commissioners of Income Tax cannot exercise that power except in accordance with....
May 3, 2016 Case Laws Income Tax

Since the nonresident overseas entities did not carry any activity or business operation in India, and they did not render any service in India, no portion of their......
May 3, 2016 Case Laws Income Tax

TDS on the payment made to overseas entities for logistic services - no question of treating the relationship between the Appellant Company and the overseas entities as.....
May 3, 2016 Case Laws Income Tax

TPA - addition of AMP expenses - TPO has failed to prove that the real intention of the assessee in incurring advertisement and marketing expenses were to benefit the......
May 3, 2016 Case Laws Income Tax

Difference on account of exchange rate fluctuation is entitled to deduction under section 80IB - AT
May 3, 2016 Case Laws Income Tax

Deemed dividend addition u/s.2(22) - trade advance in relation to business transaction cannot be treated as deemed dividend - AT
May 3, 2016 Case Laws Income Tax

Advance received in the nature of imprest money in the fiduciary capacity for overseas client - amount of professional advances received by the assessee accepting money.....
May 3, 2016 Case Laws Income Tax

Penalty under section 271C - failure to deduct tax - assessee has not been treated as an "assessee-in-default" as per section 201 of the Act and is, therefore, neither......
May 3, 2016 Case Laws Income Tax

Exemption on the principle of mutuality claimed - as the individual beneficiaries of the trust cannot be identified, therefore, there is no question of applying the......
May 3, 2016 Case Laws Income Tax

LTCG - Benefit of indexation - beneficial owner - the cost incurred by the previous owner shall be adopted while computing capital gains in the hands of the assessee -......
May 3, 2016 Case Laws Income Tax

Non granting of depreciation on earned tools used for the business - tools and machineries, which are purchased by the assessee, are not eligible for depreciation but......
May 3, 2016 Case Laws Income Tax

Treatment to commission income - commission income earned by the assessee is chargeable to tax under the head of "Profits and gains of the business" only. As business,......
May 3, 2016 Case Laws Income Tax

Entitlement to exemption u/s 11(2) - Since the assessee has followed the procedure for accumulation except for the technical lapse, which can be condoned and since the......
May 3, 2016 Case Laws Income Tax

Exemption u/s 54F - the amendment to provision of section 54F is effective from April 1, 2015, which makes it clear that benefit of section 54F will be applicable to one....
May 3, 2016 Case Laws Income Tax

Incomes received from leasing out of hotels - exploitation of a commercial asset - lease rental received by the assessee is to be taxed under the head "Income from business" - AT
May 3, 2016 Case Laws Income Tax

FBT - Concessional rate of tax prescribed under rule 8 of the Income-tax Rules to determine the taxable value of fringe benefits - Assessee-employer shall be entitled to....
May 3, 2016 Case Laws Income Tax

AO was in error in disallowing the trade discount u/s 40A(2)(a) since trade discount allowed to sister concerns cannot be considered as an item of expenditure incurred......
May 3, 2016 Case Laws Income Tax

Addition u/s 40A(2)(a) - trade discount allowed by the assessee to its sister concerns - discount allowed to sister concerns were not unreasonable and cannot be......
May 2, 2016 Circulars VAT and Sales Tax

DVAT - A drive to motivate the officers to acquire knowledge of the Delhi Value Added Tax Act, 2004, Central Sales Tax Act, 1956, other relevant Acts, Rules and......
May 2, 2016 Notifications Income Tax

TCS - Time and mode of payment to Government account of tax collected at source under section 206C.
May 2, 2016 Notifications Income Tax

TDS returns - Due dates - Rule 31A prescribing due dates for furnishing TDS statements amended
May 2, 2016 Notifications Income Tax

TDS on salary - Time and mode of payment to Government account of tax deducted at source or tax paid under sub-section (1A) of section 192
May 2, 2016 Notifications Income Tax

TDS on salary - Furnishing of evidence of claims by employee for deduction of tax under section 192 - CBDT Notified new Rule.
May 2, 2016 Case Laws Income Tax

Addition u/s 40A(2)(b) - AO has failed to prove that the payment made to the directors was excessive having regard to the fair market value of the said goods or services....
May 2, 2016 Case Laws Income Tax

Addition u/s 68 - Subscription of share capital - The FAA has mentioned that the incidence of price rigging took place in the month of December of the succeeding year......
May 2, 2016 Case Laws Income Tax

Depreciation on the new Turbine Generator (TG) set - extent of user is not the basis of allowing depreciation under Section 32 of the Act - Tribunal rightly allowed......
May 2, 2016 Case Laws Income Tax

Amount of repayment - deductiblility in computing the income in the year of receipt - Once it is clear that the liability arose on the date of the contract but what was.....
May 2, 2016 Case Laws Income Tax

Transfer pricing adjustment - The provisions were not incorporated to make adjustment at any cost and ignoring the basic facts - No adjustment to be made if transaction.....
May 2, 2016 Case Laws Income Tax

Issue of shares at a premium by the petitioners to its non -resident holding company does not give rise to any international transaction, that in such a case application....
May 2, 2016 Case Laws Income Tax

Registration u/s 12A - When the assessment is carried out by QCI, the assessed body is required to pay assessment fee to the assessee based on the cost incurred - As the....
May 2, 2016 Case Laws Income Tax

TDS u/s 194C - payments to camera attendants engaged on 'ad-hoc' basis for a day or two or as and when required basis - would not amount to contract for carrying out of.....
May 2, 2016 Case Laws Income Tax

Penalty u/s. 271(1)(c) - as assessee did not prefer an appeal due to smallness of the tax involved that does not mean that there is concealment of income, more so, by......

1 ....99 100 101 102103104 105 106 107........ 134

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