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Highlights / Annotations / Catch Notes For June of 2020

Home Highlights June June 2020 Year 2020

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Showing 51 to 100 of 333 Records

123 4 5 6........ 7

June 25, 2020 Case Laws Income Tax

Unexplained investment - Tax value of certain assets received by it free of cost under Section 28(iv) - Therefore, the addition u/s. 69 of the Act cannot be sustained. -....
June 25, 2020 Case Laws Income Tax

Unexplained loan creditors u/s 68 - If the assessee filed ample evidences to discharge the burden carted upon him and the assessing officer fails to bring any material......
June 25, 2020 Case Laws Income Tax

Unabsorbed investment allowance - allowance u/s 32A (6) - AO had to see whether the assessee had fulfilled the conditions of section 32A(6) but he laid emphasis on the......
June 24, 2020 Case Laws GST

Jurisdiction - validity of registration with wrong PAN no.- The cancellation was with effect from 30th November 2019 and not from 29.9.2018. For all these period, there.....
June 24, 2020 Case Laws GST

Filing of GST TRAN-1 Forms electronically - Appeal by GSTN and GST Council against direction to allow filing of TRAN-1 electronically or in manual form - The fact that......
June 24, 2020 Case Laws GST

Profiteering - supply of Refrigerator Whirlpool - The Respondent is directed to reduce the price of the above product as per the provisions of Rule 133 (3) (a) of the......
June 24, 2020 Case Laws Income Tax

Exemption u/s 11 - The claim of assessee for accumulation ought to have been accepted by the revenue authorities. Even in the order of assessment the AO has accepted......
June 24, 2020 Case Laws Income Tax

Setting up of business during the year under consideration - Assessee having invested substantial amount in the purchase of another property in the year itself, thus,......
June 24, 2020 Case Laws Income Tax

TP Adjustment - Addition on account of AMP expenses - The expenditure being essentially incurred with the object to boost the sales of the assessee though the brand is......
June 24, 2020 Case Laws Income Tax

Estimation of income - Rate of Gross profit (GP) - rejection of books of account - Since the average of past history of GP declared by the assessee is considered as a......
June 24, 2020 Case Laws Income Tax

Late filing fee U/s 234E - Intimation U/s 154 r.w.s. 200A - delay in filing quarterly statement - F.Y. 2016-17 - In absence of any such allegation that the A.O. has......
June 24, 2020 Case Laws Income Tax

Determination and carry forward of long term capital loss in respect of shares held in Mahindra Shubhlabh Services Ltd., arising upon reduction in share capital by that.....
June 24, 2020 Case Laws Income Tax

Treatment of expenditure - Revenue or capital expenditure - A sum as represent expenditure incurred in respect of acquisitions which never materialised and hence,......
June 24, 2020 Case Laws Income Tax

Addition on account of Sundry Creditor merely for want of PAN of those sundry creditors - since the assessment year under consideration is 2014-15 therefore furnishing......
June 24, 2020 Case Laws Income Tax

Addition made u/s 69C - Unexplained huge expenditure to earn Agriculture income - once the assessee has not made any investment, the addition made u/s 69C of the Act is illegal.
June 24, 2020 Case Laws Insolvency and Bankruptcy

Disciplinary Action against the Insolvency Resolution Professional (IRP) - The RP has displayed utter misunderstanding of the provisions of the Code and Regulations made....
June 24, 2020 Case Laws Service Tax

Validity of SCN - If the allegations in the show cause notice are true, the department could have undertaken more serious investigations using all the powers available......
June 24, 2020 Case Laws VAT and Sales Tax

Classification of goods - Black Disinfectant Fluid (BDF) - There is no contradiction by the State to the contention that BDF is used as a disinfectant to sterilize......
June 24, 2020 Case Laws VAT and Sales Tax

Rate of tax - classification of goods - sales of ‘sports shoes’ and ‘sports apparel’ - The word ‘garments’ in Entry 52 of IV Schedule is of wide import and ‘sports......
June 24, 2020 Case Laws VAT and Sales Tax

Rate of Tax - Classification - Instrument Cooling Fan - It is a settled principle of law that if an item or entry clearly comes under one of the Schedules given in the......
June 24, 2020 Case Laws VAT and Sales Tax

VAT on sale of Duty Entitlement Pass Book (DEPB) - Transaction took place in Tamil Nadu or Maharashtra - Ascertained goods or not - Though DEPB is connected to Tuticorin....
June 23, 2020 Case Laws GST

Exemption from Service Tax - ‘Inland waterways’ - transportation of goods - the service of transportation of goods in barrages from mother vessel to daughter vessel from....
June 23, 2020 Case Laws GST

Input Tax Credit - LPG Gas sold in Bottle to Domestic Customer - LPG supplied by the applicant to household domestic customers would attract GST of 5% GST with effect......
June 23, 2020 Case Laws GST

Classification of Services - Contract with Railtel Corporation of India ltd. - Excavation of trenches and laying of OFC(Optical Fiber Cable) through ducts, testing,......
June 23, 2020 Case Laws GST

Manpower Supply Services - pure services or not - Since the applicant, at various stages, enters into different agreements with various authorities for provision of......
June 23, 2020 Case Laws Income Tax

Loss incurred by the assessee on F & O (Future and Options) derivative transactions - “speculative loss” or not - disallowing the set off of the said loss against other.....
June 23, 2020 Case Laws Income Tax

Cost of acquisition - CIT(A) not accepting the value of wells, Baories and roads as on 01.04.1981 - The assessee may be a conservative investor and may not have invested....
June 23, 2020 Case Laws Income Tax

Ad hoc additions on account of entertainment expenses and on account of Seminars/conferences - there was no material on record to show that any part of the these......
June 23, 2020 Case Laws Income Tax

Disallowance of direct expenses materials - there is no doubt of whatsoever with regard to purchases of materials for the purpose of development of land. - When 50%......
June 23, 2020 Case Laws Income Tax

Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, holding that confirmation in respect of unsecured loan, receipt of cash and insurance commission clearly.....
June 23, 2020 Case Laws Income Tax

Gain on the sale of assets - Long Term capital gain OR Short Term Capital Gains - “financial asset” u/s 2(42A) or not? - Since the intangible assets are covered in the......
June 23, 2020 Case Laws Income Tax

Validity of the notice issued u/s 143(2) beyond the prescribed time limit - scrutiny assessment - assessee remain silent on the notices issued - Assessment order passed.....
June 23, 2020 Case Laws Income Tax

Nature of expenditure - revenue or capital expenditure - One-time lease rental charges paid to Greater Noida Industrial Development Authorities (GNIDA) for a period of......
June 23, 2020 Case Laws Income Tax

Exemption u/s 11 - expenses incurred and the receipts received by the assessee specifically from the light and sound show and maintenance of museum, etc. - in the......
June 22, 2020 Case Laws GST

Rate of GST - royalty payable to Govt of Uttarakhand under RCM in respect of Reta, Bazri & Boulders extracted as per the permission of Govt authorities - The services......
June 22, 2020 Case Laws GST

Classification of services - GTA services - person unregistered with GST, providing road transport services by his own truck - issuance of E-way bill - consignment note'....
June 22, 2020 Case Laws GST

Input Tax Credit (ITC) - If the facility provided by a taxpayer for transportation of employees is not obligator under any law, for the time being in force then no ITC......
June 22, 2020 Case Laws GST

Classification of services - The transaction/service i.e. “leasing of mines” is between the State Government and applicant and the services are supplied by the State......
June 22, 2020 Case Laws GST

Transitional Input tax credit - The order and direction of the High Court that Respondents to either open the online portal so as to enable the Petitioners to file......
June 22, 2020 Case Laws Income Tax

Denial of exemption u/s 54F - interpreting the meaning of the word residential house used in Section 54F(1) - assessee even otherwise is entitled to the benefit of......
June 22, 2020 Case Laws Income Tax

Exemption under Section 54 - Assessee had purchased more than two houses - Subsequent amendment of Section 54(1) also fortifies the fact that the legislature felt the......
June 22, 2020 Case Laws Income Tax

Penalty u/s 271D - reasonable cause - mere proof regarding genuineness of the transaction or the intention in accepting the amounts in cash or that there was no attempt.....
June 22, 2020 Case Laws Income Tax

Exemption u/s 11 - The Assessee did not claim benefit of exemption u/s.11 of the Act before the AO and the AO did not have the benefit of examining such a claim. Mere......
June 22, 2020 Case Laws Income Tax

Interest expenditure on Compulsorily Convertible Debentures [CCDs] - the deduction claimed by the assessee has to be allowed. We may also clarify that the Thin......
June 22, 2020 Case Laws Income Tax

Understatement of sales price / turnover - there was no allegation by the Revenue that the assessee by making the sale at a price lower than the cost of purchase has......
June 22, 2020 Case Laws Customs

Exemption for Customs duty - import of textile machines - The inclusion of the import items namely, ‘textile’ and ‘chemical sectors’, if construed to be operative......
June 20, 2020 Case Laws GST

Classification of Works Contract - Leasing or rental services concerning machinery & equipment with or without operator or SAC 9954 - The applicant is misconstruing the.....
June 20, 2020 Case Laws GST

Supply for work contract or not - supply, erection, testing and commissioning of materials/equipments for providing rural electricity infrastructure - The predominant......
June 20, 2020 Case Laws GST

Classification of goods - Henna (Mehndi Cone) - the product is rightly classifiable under chapter heading 3305 as preparations for use on the hair - Liable to GST @18%
June 20, 2020 Case Laws GST

Classification of goods - rate of GST - Psyllium/lsabgol is a plant of which parts are used to prepare powder to be used as pharmaceutical product. As the Plants and......

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C: Mandatory additional qualifiers in import declarations in respect of c...

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N: Securities and Exchange Board of India (Bankers to an Issue) (Amendmen...

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F: INTERMEDIARY SERVICES OR EXPORT SERVICES

F: assessment order

F: Transfer of ITC without filing ITC-02

A: Electronic Liability Register

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