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Highlights / Annotations / Catch Notes For July of 2012

Home Highlights July July 2012 Year 2012

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Showing 251 to 300 of 411 Records

1 ....2 3 4 567 8 9

July 12, 2012 Case Laws Income Tax

Difference in the investment as shown by the assessee and as ascertained by DVO - addition u/s 69 or 69B - the condition precedent for making a reference to the DVO is......
July 12, 2012 Case Laws Income Tax

Apportionment of income - An estimate of 15% ratio fixed 10 years back cannot be applied now in the name of consistency especially keeping in view the increase in......
July 12, 2012 Case Laws Income Tax

Revenue expenditure versus capital expenditure - expenditure incurred on ERP Software – allowed as revenue expenditure - AT
July 12, 2012 Case Laws Income Tax

Disallowance of conveyance expenses, staff welfare expenses, sundry expenses and traveling expenses - certain expenses were not supported by third party vouchers,......
July 12, 2012 Case Laws Income Tax

Accrual of income - Taxability of advance license benefit receivable - assessee could not contend while filing the return of income that such income should not be......
July 12, 2012 Case Laws Income Tax

Though there was no manufacturing and sales activity, but there certainly was some “business activity” - the revenue authorities were incorrect in disallowing the claim.....
July 12, 2012 Case Laws Income Tax

Disallowance u/s 40A(3) - cash payment of legal tender fees to the ‘South Western Railway’ which is a part of the Government was covered in the exceptions provided in......
July 12, 2012 Case Laws Customs

Challenge import of toxic wastes from industrialized countries to India - Central Government is directed to issue a notification to ban the import of such identified......
July 12, 2012 Case Laws Service Tax

Storage or warehouse keeper – recipient of service from foreign party i.e. PROSAFE – Being an agent of the process of production, it was not a storage or warehouse keeper. - AT
July 12, 2012 Case Laws Service Tax

Reclassification of service - consulting engineer services versus maintenance and repair service – Any change in classification can only be prospective and the issue......
July 12, 2012 Case Laws Service Tax

Valuation - transportation of passengers for International journey by air - passenger service fees (PSF) collected on behalf of the International Airport Authority of......
July 12, 2012 Case Laws Central Excise

Dispute regarding classification of pin mailer - printed continuous computer stationery - assessee contending the same to fall under Chapter 49 of the tariff whereas......
July 11, 2012 Case Laws Income Tax

Charitable Trust - if commercial principles are applied then adjustment of expenses incurred by the trust for charitable religious purpose in the earlier years against......
July 11, 2012 Case Laws Income Tax

Addition on account of unvouched expenses - Salary expenses - The addition of finally made by CIT(A) comes to less than 10% of expenses claimed, accordingly, the......
July 11, 2012 Case Laws Income Tax

Trading Liability - job work payable of earlier year brought forward - addition made u/s 41 - There is no cessation of liability merely because the assessee has not paid....
July 11, 2012 Case Laws Income Tax

Asset management company - making any addition on account of load is not justified - AT
July 11, 2012 Case Laws Income Tax

Taxability of income from transfer of development rights - postponement of payment does not stop accrual of income - AT
July 11, 2012 Case Laws Income Tax

Disallowance of Society Charges paid in respect of property given on leave and license - deduction to be allowed subject to section 24 - no other deduction is allowed - AT
July 11, 2012 Case Laws Income Tax

Estimation of expenditure incurred in earning the exempt income -as the assesee’s explanation is not satisfactory, therefore, provisions contained in 14A are applicable r.w.r.8D - AT
July 11, 2012 Case Laws Customs

Decisions in respect of classification/valuation of hardware and software of computers cannot be mechanically applied to hardware and software relating to telecom equipments. - AT
July 11, 2012 Case Laws Service Tax

Service tax on waterfront royalty and way leave facility compensation - invocation of extended period is not based on a strong ground and the appellant has been able to.....
July 11, 2012 Circulars FEMA

Risk Management and Inter Bank Dealings. - Circular
July 11, 2012 Case Laws Service Tax

Invocation of section 80 - non-payment of service tax under the bonafide belief that Service Tax is not applicable to them as they were providing services of rent-a-cab.....
July 11, 2012 Case Laws Service Tax

Advertising Agency Service - Dealers/agents are promoting the business of the applicant and they are not the advertising agency - not taxable - AT
July 11, 2012 Case Laws Service Tax

Business Auxiliary Service - procuring blank cards, loading operating system on these cards, obtaining photo/thumb impression and other information, storing and printing....
July 11, 2012 Case Laws Central Excise

Classification of motherboard and add on card - parts and accessories of the data processing machine falling under Heading 84.71, therefore classifiable under Heading......
July 11, 2012 Notifications Central Excise

Regarding Exemption Focus Product Scheme Duty Credit Scrip - Notification
July 11, 2012 Notifications Central Excise

Regarding exemption under Status Holder Incentive Scrip (SHIS) scheme. - Notification
July 11, 2012 Notifications Central Excise

Regarding Exemption under Vishesh Krishi and Gram Udyog Yojana (VKGUY). - Notification
July 11, 2012 Notifications Central Excise

Regarding Exemption under Agri. Infrastructure Incentive Scrip. - Notification
July 11, 2012 Notifications Central Excise

Regarding Exemption under Focus Market Scheme (FMS). - Notification
July 11, 2012 Circulars Customs

Classification of Mouse Pads – regarding. - Circular
July 11, 2012 Notifications Customs

Amends Notification Nos. 92/2009-Cus dated 11.09.2009, 93/2009-Cus dated 11.09.2009, 94/2009-Cus dated 11.09.2009, 95/2009-Cus dated 11.09.2009 and 104/2009-Cus dated 14....
July 10, 2012 Notifications Customs

Provisional anti dumping duty on all imports of Vitrified/ Porcelain Tiles originating in or exported from China PR - Notification
July 10, 2012 Circulars Service Tax

Clarification on service tax on remittances - regarding. - Circular
July 10, 2012 Case Laws Income Tax

Indo German DTAA - ISO 9000 certification income - services are mostly in the nature of 'audit work' on basis of which certificate is granted. Nowhere from such......
July 10, 2012 Case Laws Income Tax

Long-term Capital gains - deduction u/s 54 - for claiming deduction u/s 54, the construction of the house should be completed within the prescribed time limit and date......
July 10, 2012 Case Laws Income Tax

Dis-allowance u/s 40(a)(ia) - there was no lessor and lessee relationship between the holding company and assessee where the provisions of section 194-I are attracted - AT
July 10, 2012 Case Laws Income Tax

"Prima facie" adjustment - Rectification of order passed u/s 143(1)(a) - As disallowance made without giving an opportunity to the assessee, the same is not sustainable. - AT
July 10, 2012 Case Laws Income Tax

Deemed income - the assessee has not written back the liability and Assessing Officer failed to demonstrate that liability has ceased. Unless the liabilities are......
July 10, 2012 Case Laws Income Tax

Profits from the sale of the property - Considering the statement of total income shows that in treating the business income, the A.O. himself has accepted (a) index......
July 10, 2012 Case Laws Income Tax

Treating the income from transfer of the rights enjoyed by the assessee as capital receipt -. In the absence of sale of a particular asset, revenue cannot assume that......
July 10, 2012 Case Laws Income Tax

Applying net profit rate of 10% on the contract receipts - Section 44AD - where the turnover was exceeding the prescribed limit, the CIT(A) was justified in estimated......
July 10, 2012 Case Laws Income Tax

Disallowance of detention charges - the payment is nothing but in the nature of demurrage and simply because it is paid to the custom department, the nature cannot be changed - AT
July 10, 2012 Case Laws FEMA

Constitutional validity of Section 3(1) of Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (‘COFEPOSA’) to the extent it empowers the......
July 10, 2012 Case Laws Service Tax

Referral charges which was the consideration received by appellant from the banks for promoting and marketing their services – Section 65 (105) (zzb) read with Section......
July 10, 2012 Case Laws Service Tax

Taxability - discounts/incentives received by appellant as an advertising agency from the Media - will not be liable for service tax - AT
July 10, 2012 Case Laws Service Tax

Services of repair, renovation, widening of roads and construction of toll sheds, providing electrification of high mast poles at toll sheds etc. – not covered under......
July 10, 2012 Case Laws Central Excise

Period of limitation - rejection of refund claim of Education and Senior Higher Education cess paid on paper and paper board - Rejection of refund claim upheld - AT
July 10, 2012 Case Laws Central Excise

Credit availed without any duty paying documents/on the strength of xerox copies of invoice – applicants directed to deposit the credit of amount availed without any......

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