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Highlights / Annotations / Catch Notes For July of 2012

Home Highlights July July 2012 Year 2012

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Showing 151 to 200 of 411 Records

1 2 345 6 7 8........ 9

July 20, 2012 Case Laws Service Tax

Cenvat credit – amount paid by the appellant has to be treated as paid under protest - original adjudicating authority's decision to allow the refund by way of credit in....
July 20, 2012 Case Laws Service Tax

Demand of service tax - they are liable to pay the Service Tax on the amount collected by them as an advance prior to introduction of Service Tax liability on said services - AT
July 20, 2012 Case Laws Service Tax

Sale of space or BAS - the service cannot be classified under business auxiliary service as the service is more specifically covered under the heading sale of space as......
July 20, 2012 Case Laws Service Tax

Manpower Recruitment and Supply Agency Service - the claim of the applicants that they were under bonafide belief is not sustainable - AT
July 20, 2012 Case Laws Income Tax

Valuation - consideration of self supervision factor which lead to less value - Addition made on account of unexplained investment in cost of construction of building u/s.69B - AT
July 20, 2012 Case Laws Income Tax

Exemption of HRA u/s 10(13A) - reimbursement is considered against the free housing accommodation provided by the employer company to the employee assessee, then this......
July 20, 2012 Case Laws Income Tax

Revenue versus Capital expenditure - The expenditure incurred on Printer, Scanner and Web Camare cannot be said to be replacement of the spares /defective parts of the computer- AT
July 20, 2012 Case Laws Income Tax

Determination of the cost of acquisition - computation of the period for which the asset is held by the assessee - property transferred to the assessee under a will or......
July 20, 2012 Case Laws Income Tax

Payment for know-how - deductible under Section 37 as a Revenue expenditure OR Section 35AB? - said expenditure qualifies for deduction u/s 37 - HC
July 20, 2012 Case Laws Income Tax

Penalty u/s 271D - reasonable cause - contravention of sec. 269SS - cash was taken by discounting cheques to meet the urgent business needs of the assessee - deletion of....
July 20, 2012 Case Laws Income Tax

Challenging the order passing ex parte - considering the lethargic and irresponsible attitude of the assessee we hereby reject the adjournment letter filed by the assessee - AT
July 20, 2012 Case Laws Income Tax

Appeal before ITAT - authorization - The grounds which are not arising out of the order of the CIT(A) are not maintainable - AT
July 20, 2012 Case Laws Income Tax

Demand of interest u/s. 201(1A) of the IT Act - late deposit of TDS - The time taken for clearing of cheques and government holidays and reasonable cause etc. are not......
July 20, 2012 Case Laws Income Tax

Rent receivable - Accrual of rental income - Addition of Income based on TDS certificate whereas deductor admitted the mistake is not correct. - AT
July 19, 2012 Case Laws Central Excise

Cenvat credit – suo motu credit on the amount paid by assessee erroneously earlier – suo motu credit availed by the appellant is inadmissible to them - AT
July 19, 2012 Case Laws Service Tax

Penalty under section 77(c) on Director - delay in payment of service tax - No provision for imposing personal penalty on the Director - AT
July 19, 2012 Case Laws Service Tax

Refund claim – amendment in the scope of existing services - works of drawings and blue print and interior decorator services - assessee claimed wrong deposit under......
July 19, 2012 Case Laws Service Tax

Whether service tax paid on CHA services in respect of export of goods can be allowed as credit or not – credit is admissible - AT
July 19, 2012 Case Laws Customs

Demurrage charges and other incidental charges for goods detained in the customs area are required to be paid by the exporter consignor even if such goods were illegally detained - AT
July 19, 2012 Case Laws Income Tax

Addition on account of unexplained purchases u/s 69C of the Income Tax Act – section 69C refers to the ‘source of the expenditure’ and not to the expenditure itself. - AT
July 19, 2012 Case Laws Income Tax

Long term capital gain - exemption / deduction u/s 54 - Alternate claim out of two investment in residential properties - AT
July 19, 2012 Case Laws Income Tax

Commission versus Rent - Whether TDS was required to be deducted in terms of provisions of sec. 194H or 194 I of the Act - AT
July 19, 2012 Case Laws Income Tax

Adjustment of cash seized during the search - AO to re-compute the tax liability - after adjusting the seized cash from the date of request made by the assessee - AT
July 19, 2012 Case Laws Income Tax

Addition is made on the ground that there is under-recovery of sale proceeds on an inference that there is a sale – . There is no loss to the Revenue as one of the......
July 19, 2012 Case Laws Income Tax

Rejection of books of accounts u/s 145(3) of the I T Act - Applicability of AS-1 / AS-7 (revised) - authorities below are not justified in estimating the profits on......
July 19, 2012 Case Laws Income Tax

Trading liability or capital liability - income u/s 2(24) read with section 41(1) - The write back under reference a receipt of capital nature. - however the cost of the....
July 19, 2012 Case Laws Income Tax

Addition on account of sundry creditors - deemed income u/s 41(1) - no change in the outstanding balance in AY 2007-08 and 2008-09 - letters issued u/s 133(6) were......
July 18, 2012 Case Laws Central Excise

Entitlement to refund claim - difference in rate at which excise duty was paid at the time of clearance and the rate on which the goods were sold from depot - AT
July 18, 2012 Case Laws Central Excise

Condonation of delay of 1035 days - the contention is that they were not aware of the liability and it has prevented them in not filing the appeal is not correct - AT
July 18, 2012 Case Laws Central Excise

Calculation of assessable value of the job work goods - invoice of SAIL cannot be included in the landed cost of the inputs/raw materials for the reason that the said......
July 18, 2012 Case Laws Service Tax

Inclusion of reimbursed amounts in the value of services - advertisements for procurement of materials required for executing the project, clearing & forwarding of such.....
July 18, 2012 Case Laws Income Tax

Depreciation on roads - at 10% as building or 25% as plant and machinery - building includes road - AT
July 18, 2012 Case Laws Income Tax

Addition on account of surrender of income - set off the surrendered income against business losses – allowed as per provisions of section 71 & 72 - AT
July 18, 2012 Case Laws Income Tax

Discount versus commission - ‘Marketing Expenses’ including ‘Incentive and Discount’ - TDS u/s 194H - AT
July 18, 2012 Case Laws Income Tax

Interest on 'amount of refund' u/s 244 versus Interest on 'any tax' u/s 244A - AT
July 18, 2012 Case Laws Income Tax

Agricultural income - Addition on account of income from sale of coconuts - assessee is a small time farmer. - 50% income from sale of coconut is directed to be......
July 18, 2012 Circulars FEMA

Exchange Earner's Foreign Currency (EEFC) Account . - Circular
July 18, 2012 Notifications Customs

Appoints the Joint Commissioner or Additional Commissioner of Customs (Imports), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra, to act as a common......
July 18, 2012 Notifications Customs

Appoints the Joint Commissioner or Additional Commissioner of Customs (Port), Custom House, 15/1, Strand Road, Kolkata, to act as a common adjudicating authority. - Notification
July 18, 2012 Notifications Customs

Amends in notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 62/1994-Customs (N. T.) dated the 21st November, 1994. - Notification
July 18, 2012 Case Laws Income Tax

Exemption u/s 54F - merging of 4 flats originally planed into one unit - exemption allowed - AT
July 18, 2012 Case Laws Income Tax

Denial of the benefit claimed u/s 54 EC - exemption under section 54 EC is available even when the part of capital gain is invested in specified long-term asset - AT
July 17, 2012 Notifications Customs

Seeks to impose definitive antidumping duty on the imports of ‘Grinding media Balls’ (excluding Forged Grinding Media Balls), originating in, or exported from Thailand......
July 17, 2012 Circulars FEMA

Scheme for Investment by Qualified Foreign Investors (QFIs) in Indian corporate debt securities. - Circular
July 17, 2012 Case Laws Central Excise

Denial of SSI benefit - cakes and pastries supplied to customers under the brand name assigned by the other brand name owner - SSI benefit cannot be denied - AT
July 17, 2012 Case Laws Service Tax

Applicable rate of service tax – rate of service tax chargeable is the rate in force on the date of rendering service and not the rate in force on the date receipt of payment - AT
July 17, 2012 Case Laws Income Tax

Treatment of sales tax subsidy - the intention is not to increase the viability of the eligible units but to promote development of further industry and infrastructure......
July 17, 2012 Case Laws Income Tax

Income received or deemed to be received or accrued or arose or deemed to be accrued or arose in India - Income by way of brokerage and commission - assessee maintains a....
July 17, 2012 Case Laws Income Tax

DTAA between India and Sri Lanka - The capital gains arising on account of transfer of share in Sri Lanka would not exigible to tax in India in the given circumstances - AT
July 17, 2012 Case Laws Income Tax

Surplus of shares transactions - long term capital gains or business profits - mere volume of transactions transacted by the assessee would not alter the nature of transaction - AT

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