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Highlights / Annotations / Catch Notes For July of 2017

Home Highlights July July 2017 Year 2017

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Showing 151 to 200 of 279 Records

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July 18, 2017 Case Laws Income Tax

Levy of penalty u/s 271(1)(c) - The assessee had on the first occasion admitted that it had estimated the income of its ahatas, even before the AO could discover......
July 18, 2017 Case Laws Income Tax

Addition u/s 41 - amount collected towards the scheme - cessation of liability - By all accounts, the assessee has treated such amount as its own. The scheme itself......
July 18, 2017 Case Laws Income Tax

Reopening of assessment - The entire proceedings u/s 148 stood vitiated since even according to the AO, he initiated proceedings on 18.1.2016 on which date such......
July 18, 2017 Case Laws Indian Laws

Issued cheques in good faith without acknowledgment of its liability - NI Act - The petitioner cannot escape its liability under Section 52 IPC by mere saying that the......
July 18, 2017 Case Laws VAT and Sales Tax

Jurisdiction of state to levy tax - inter-state sale - the levy of the compounding fee and demanding one time tax by the Check Post Officer on a interpretation made by......
July 18, 2017 Case Laws Central Excise

Recovery of duty from the purchaser of property - they have not purchased the business either in whole or in part from the earlier owner, therefore the old dues of......
July 18, 2017 News Indian Laws

Increase in the Compensation Cess rate on cigarettes to make the total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime
July 17, 2017 Case Laws GST

GST on legal services - Constitutional validity of Section 9(4) of CGST Act - Delhi High Court passed an order giving interim relief to the Advocates
July 17, 2017 Case Laws Income Tax

TDS liability - permitting the petitioner to correct PAN of the deductee - system is programmed to permit correction only in case four digits/characters are to be......
July 17, 2017 Case Laws Income Tax

Assessment u/s 153C - existence of satisfaction note - The satisfaction note of the AO of the Assessee, being a carbon copy of the satisfaction note of the AO of the......
July 17, 2017 Case Laws Income Tax

Expenditure towards higher studies expenses of the Directors of the company - simply because a director is sent abroad for further education by itself would not......
July 17, 2017 Case Laws Income Tax

TDS u/s 194C - Deduction u/s 40(a)(ia) - the expenditure incurred under the head ‘freight charges’ are not liable for disallowance u/s 40(a)(ia)
July 17, 2017 Case Laws Income Tax

LTCG - Entitled to the benefit of proviso to section 112(1) on sale of equity shares of a listed company - admittedly, the assessee is a non-resident and JIL is a listed....
July 17, 2017 Case Laws Income Tax

Cess on green leaf - allowable expenditure - whether directly attributable to core agriculture activities - the amount paid as cess was held as eligible for deduction in....
July 17, 2017 Case Laws Central Excise

CENVAT credit - capital goods - structurals, cement, as also, iron and steel, which are used to erect foundations - whether the "user test" is applied, or the test that.....
July 17, 2017 Case Laws Central Excise

Manufacture - structures emerging during the course of erection of such chimney - whether fabrications carried out by the appellant at site of M/s.NTPC in connection......
July 17, 2017 Case Laws Central Excise

Classification of goods - Edible preparation - It is a fact on record that the goods manufactured by the respondent are put up in unit containers. Therefore, obviously......
July 17, 2017 Case Laws Customs

Benefit of rebate on export of goods - availing the benefit of Notification No.93/2004-Cus - Once an export transaction has been used for seeking discharge of Advance......
July 17, 2017 Case Laws Customs

100% EOU - it was not possible for the respondents to make recoveries after unduly long period of time which in the present case happens to be more than seven years,......
July 15, 2017 Case Laws Service Tax

Levy of penalty - the appellant was recovering the said tax amount from their customers, in which case again their plea of financial difficult cannot be appreciated. In.....
July 15, 2017 Case Laws Service Tax

The drawback Rules are not applicable for the input services received for export of goods which only includes input services used in manufacturing or processing of......
July 15, 2017 Case Laws Income Tax

Income received from outside India in foreign currency - taxabaility in India - sum received from two employers in a Non-Resident (external) bank account, as NRE account....
July 15, 2017 Case Laws Income Tax

Deduction u/s 80GGB - donation made by the assessee to the political parties - claim made first time before the CIT(A) - Power of appellate authority - claim allowed - HC
July 15, 2017 Case Laws Income Tax

Reopening of assessment - the notice for reopening was issued under the directives and compulsion of the audit party, a mode which is not permissible - HC
July 15, 2017 Case Laws Income Tax

Claim of deduction u/s 40(b) - book profit - amount surrendered in the course of survey U/s. 133A -The character of the income does not change dependent upon the section....
July 15, 2017 Case Laws Service Tax

Consulting Engineers service - license and technical co-operation agreement - the main contention raised by the respondents before the authorities below is that there is....
July 15, 2017 Case Laws Central Excise

CENVAT credit - catch covers, a packing material - denial for the reason that the catch covers are not the essential primary or secondary packing material - Once it is......
July 15, 2017 Case Laws Central Excise

Valuation - service charges - includibility - these services were provided by the assessee apart from the manufacture and sale of goods at the factory gate and therefore....
July 15, 2017 Case Laws Central Excise

Metal scrap and waste arising out of the repair and maintenance work of the machinery used in manufacturing of cement, by no stretch of imagination, can be treated as a.....
July 15, 2017 Case Laws Central Excise

CENVAT credit - inputs - short received inputs from job-worker - denial of credit on the ground that certain inputs were rejected/ spoiled by the job worker and certain.....
July 15, 2017 Case Laws Central Excise

The appellant though engaged in the manufacture of Nuts and Bolts have also bought out duty paid Nuts and Bolts and thereafter they have carried out certain activities......
July 15, 2017 Case Laws Central Excise

CENVAT credit - GTA service on iron ore and coal - Revenue is of the view that the respondent should have reversed the input service credit on the ground that the iron......
July 14, 2017 Case Laws Income Tax

Levy of fee u/s 234E - TDS return default - Even in absence of such provision, as noted, it was always open for the Revenue to charge the fee in terms of section 234E of....
July 14, 2017 Case Laws VAT and Sales Tax

Jurisdiction of Assessment Order passed to deny ITC where appellant had sold goods at a price lesser than the price at which the goods were purchased by him - the......
July 14, 2017 Case Laws Service Tax

Validity of SCN - during the pendency of finalization of assessment, no SCN can be issued - SCN were issued before finalization of assessment, therefore, the same are......
July 14, 2017 Case Laws Service Tax

Valuation - Reimbursement expenses - the so-called reimbursable expenses are part and parcel of the gross value of the service. Therefore, the same is includible in the.....
July 14, 2017 Case Laws Central Excise

SSI exemption - Goods cleared to merchant exporter and domestic consumption - Where proof of export was furnished within 6 months, the clearances made for export were......
July 14, 2017 Case Laws Service Tax

100% EOU - STPI - Refund of unutilised CENVAT credit - in terms of Regulation 3 made under Section 47 of the Foreign Exchange Management Act, 1999, in the present case......
July 14, 2017 Case Laws Central Excise

SSI exemption - use of brand name - the respondents would not be eligible for the benefit of SSI exemption even for the cookies sold in loose from their outlets
July 14, 2017 Case Laws Central Excise

CENVAT credit - removal of defective/rejected/waste components of television receivers - when inputs become damaged during the course of assembling of finished goods,......
July 14, 2017 Case Laws Central Excise

SSI exemption - Apart from alleging that the appellant is not eligible for SSI exemption after amalgamation of the two companies, there is no allegation of suppression......
July 14, 2017 Case Laws Income Tax

Rectification of mistake - In the absence of any provision to condone the delay under the Income Tax Act, it may be a case of omission in the provision of Act which......
July 13, 2017 Notifications Income Tax

Income-tax (20th Amendment), Rules, 2017 - Determination of fair market value of unquoted equity shares and other than a quoted share
July 13, 2017 Notifications DGFT

Amendment in Chapter Notes and Import Policy and Policy Conditions of items under Chapter 98 of ITC (HS), 2017 - Schedule -1 (Import Policy) - Notification
July 13, 2017 Case Laws Income Tax

The transaction of acquisition business as a going concern is between two related parties and the seller had a substantial interest by holding 50% share. The assets were....
July 13, 2017 Case Laws Income Tax

Expenses incurred on market research - revenue expenses - whether expenses not to be amortized u/s 35D(2)(a)(iii) as held by AO? - Both the conditions are not fulfilled.....
July 13, 2017 Case Laws Income Tax

TDS u/s 194I - TDS on rent to AAI - the payment made by the Assessee to AAI under the LA is ‘rent’ within the meaning of Section 194-I of the Act.
July 13, 2017 Case Laws Customs

Classification of imported item - Danload 6000 Electronic Preset Metering Equipment, parts thereof and configuration software - to be classified under 9032 of the First.....
July 13, 2017 Case Laws Central Excise

CENVAT credit availed suo moto - second time debit made by the appellant is not duty which only happened due to inadvertent mistake of the appellant. Accordingly, no......
July 13, 2017 Case Laws Central Excise

CENVAT credit - duty paying invoices - job-work - department took the view that no service was rendered by BIL, hence, availment of credit of service tax component......

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