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Highlights / Annotations / Catch Notes For June of 2016

Home Highlights June June 2016 Year 2016

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Showing 51 to 100 of 485 Records

123 4 5 6........ 10

June 28, 2016 Case Laws Central Excise

Refund claim on courier service used for export of goods - objection is only that in the invoices issued by the courier agency service, export invoice number & IEC code.....
June 28, 2016 Case Laws Central Excise

Cenvat Credit - allegation of non receipt of inputs - as per newspaper the owner of vehicles had transported the goods used fake vehicle registration number and a drive.....
June 28, 2016 Case Laws Central Excise

Remission of duty - destruction of indigenous / imported raw material due to fire - If the duty element is also required to be insured and reimbursed by the insurance......
June 28, 2016 Case Laws Income Tax

The principles of res judicata have no application to income-tax assessment proceedings - Simply because in the preceding year, this expenditure came to be allowed......
June 28, 2016 Circulars Central Excise

Common registration and return for First Stage Dealer and Importer - An assessee who conducts business both as an importer and FSD may take only one central excise......
June 28, 2016 Circulars Income Tax

Clarifications on the Income Declaration Scheme, 2016 - Another set of clarification and FAQs
June 28, 2016 Notifications Income Tax

Relaxation from TDS @20% where PAN is not available and from payment made to non-resident, not being a company, or a foreign company, subject to conditions and providing....
June 28, 2016 Case Laws Income Tax

Disallowance of stamp duty expenses - The payment of stamp duty is not for business expediency but it is in the nature of a compulsory levy under the Bombay Stamp Act.......
June 28, 2016 Case Laws Income Tax

Business loss cannot be set off against the income assessed under the deeming provisions of section 68, which is not falling under any of the five heads of income - AT
June 28, 2016 Case Laws Income Tax

Business loss cannot be set off against the income assessed under the deeming provisions of section 68, which is not falling under any of the five heads of income - AT
June 28, 2016 Case Laws Income Tax

As the international transactions of payment of royalty and fees for technical services are separate transactions and not closely linked with the other transactions with....
June 27, 2016 Case Laws Customs

Import of certain sophisticated machines for the Hospital and installation thereof - In this case, notification was rescinded on 01.03.1994. The authorities are not......
June 27, 2016 Case Laws Service Tax

Cenvat credit on the CHA service and outward freight paid on export clearances - manufacture of water pumps - there is no merit in Revenue's contention that the......
June 27, 2016 Case Laws Service Tax

Cenvat Credit - The inclusive part of the definition includes services related to modernisation, renovation and repair of factory. These works in my opinion would fall......
June 27, 2016 Case Laws Service Tax

Business Auxiliary service (BAS) - activity of toll collection in terms of agreement between the respondents and NHAI is not subject to service tax - AT
June 27, 2016 Case Laws Central Excise

Revocation of the registration of Central Excise - detection of fraud - A right was accrued with registration in favour of the assessee. If common registration was to be....
June 27, 2016 Case Laws Central Excise

Condonation of delay in filing an appeal before the tribunal - In absence of service of copy of the order in the manner prescribed under section 37C(1) of the Act, delay....
June 27, 2016 Case Laws Central Excise

Revision Application relates to refund of unutilized credit under Rule 5 of Cenvat Credit Rules 2004, the subject matter is not covered in the first proviso to......
June 27, 2016 Case Laws Central Excise

100% EOU - clearance goods into Domestic Tariff Area (DTA) in excess of 50% of FOB value of exports - DTA clearances permitted by the Development Commissioner by itself.....
June 27, 2016 Case Laws Central Excise

Excisability of Spent Earth arising as a residue in the process of refining crude palm oil - Marketability of the goods - Scopeo of Section 2(d) as well as in Section......
June 27, 2016 Case Laws Income Tax

Reopening of assessment - provision for damaged goods - full accounts, details and justifications for the claim was placed before AO in response to written query raised.....
June 27, 2016 Case Laws Income Tax

Depreciation on moulds -Factory of the assessee was plastic goods factory. The moulds used for manufacturing such goods, therefore, qualify for higher rate of depreciation - HC
June 27, 2016 Case Laws Income Tax

Deduction u/s 43B - non payment of excise duty in cash - actual payment - adjustment of refund from Central Excise and Customs - The claim would not be hit by section......
June 27, 2016 Case Laws Income Tax

Reopening of assessment - higher stamp valuation - when the sale deed was not on record during the original assessment, this certainly is a case where the assessee......
June 27, 2016 Case Laws Income Tax

Undisclosed investment - Addition on the basis of documents (MoU) seized during the course of search / survey - sale deeds for lands covered by MoUs had not been......
June 27, 2016 Case Laws Income Tax

Eligibility of benefit of registration u/s 12A - normal schooling - pre-schooling is very much integral part of the term ‘education’ as has been envisaged u/s 2(15) -......
June 27, 2016 Case Laws Income Tax

Rental income from letting out the commercial complex, including the amenities - 75% of the rental income has to be assessed as income from house property and the......
June 27, 2016 Case Laws Income Tax

The assessee invested its funds in the equity shares of a company incorporated outside India. The third proviso to Section 10(23C) clearly says that the assessee cannot.....
June 27, 2016 Case Laws Income Tax

The ‘upfront fee’ paid to Central Bank of India on loan taken from it is allowable as a deduction from the assessee’s income. - AT
June 27, 2016 Case Laws Income Tax

Penalty u/s.271(1)(c) - declaration of income recorded u/s.132(4) - It is the settled position of law that penalty proceedings and assessment proceedings are separate......
June 27, 2016 Case Laws Income Tax

Reopening of assessment - Revenue has received cogent tangible material having live link/nexus with the reasons to believe that the income has escaped assessment, the......
June 25, 2016 Circulars Customs

Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles - Circular
June 25, 2016 Case Laws Central Excise

Demand of duty based on statement recorded u/s 14 of the Central Excise Act, 1944 - flagrant violation of Section 9D by relying upon statements without admitting them in....
June 25, 2016 Case Laws Customs

Recovery of redemption fine from the petitioner - petitioner was not party to the SCN - In absence of any proposal in the show cause notice for imposition of fine in......
June 25, 2016 Case Laws Customs

Claim of refund of export duty paid where goods could not be exported - Period of limitation - even though on payment of export duty, the Let Export Order (LEO) was......
June 25, 2016 Case Laws Customs

Claim of interest on delayed refund of additional duty of customs - Held that:- the notification flowing from the law gets its colour as legislation - AT
June 25, 2016 Case Laws VAT and Sales Tax

Demand of Sales Tax / VAT - contract with ONGC for the commission of turnkey projects at Bombay High which is situated in exclusive economic zone of the coast of India -....
June 25, 2016 Case Laws VAT and Sales Tax

Challenge to the revised assessment orders pursuant to Audit Inspection - the specific request made by the petitioner for an opportunity of personal hearing, has not......
June 25, 2016 Case Laws VAT and Sales Tax

Input tax credit - TNVAT - non-filing of return by the selling dealer - The liability had to be fastened on the selling dealer and not on the petitioner-dealer which had....
June 25, 2016 Case Laws VAT and Sales Tax

Challenge to the show cause notice demanding VAT on sale of STB (set-top boxes) - KVAT - No demand notice nor any coercive steps has been initiated pursuant to the......
June 25, 2016 Case Laws Income Tax

Failure to collect tax at source (TCS) u/s on the sales - whether the material is scrap or not - assessee failed to collect TCS @ 1% - Since taxes have already been paid....
June 25, 2016 Case Laws Income Tax

Low net profit ratio - AO has not pointed out any defect or deficiency in the claim of expenditure nor any expenditure has been held as bogus by the AO. AO asked......
June 25, 2016 Case Laws Income Tax

Reopening of assessment - The conclusion of the A.O. is unhelpful in understanding as to whether the AO applied his mind to the material, particularly when he did not......
June 25, 2016 Case Laws Income Tax

Excess claim u/s 80-IB made by the assessee was on the basis of the bonafide mistake of the Auditor and the assessee cannot be held for furnishing inaccurate particulars....
June 25, 2016 Case Laws Income Tax

Rectification of mistake - non-consideration of a judgment of a jurisdictional High Court is also a mistake apparent on record, which can be rectified u/s. 154 of the Act. - AT
June 24, 2016 Circulars Income Tax

Applicability of TCS where the bill amount is exceeding ₹ 2 lakhs and when part of the bill is paid in cash and part through cheque - CBDT clarifies
June 24, 2016 Case Laws Central Excise

Payment of duty excise under wring accounting code - rectification of error - Assistant Commissioner of Central Excise conveyed to the petitioner that the error in......
June 24, 2016 Case Laws Service Tax

Taxability of Grants-in-Aid Projects (GAP) - Scientific and Technical Consultancy Services - The sanction of grants are seen issued for and behalf of the President of......
June 24, 2016 Case Laws Service Tax

Man power supply service - asessee was paying service tax on the commission received at the rate of 3% of the wages and man power supplied by them to their customers -......
June 24, 2016 Case Laws Service Tax

As the appellants are located in New Delhi the cause of action to demand of service tax has arisen in New Delhi. In the circumstances although the Commissioner of......

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