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Highlights / Annotations / Catch Notes For August of 2017

Home Highlights August August 2017 Year 2017

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Showing 1 to 50 of 491 Records

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August 31, 2017 Case Laws Income Tax

Superannuation fund - Withdrawing the approval of the petitioner under Rule 91 of the Income Tax Rules, 1962 - return of excess deposit into the fund by the employers -.....
August 31, 2017 Case Laws Income Tax

Reopening of assessment u/s 147 - deduction u/s 80-IC - requirement of NIC code and Excise Classification for information technology business - The question is not......
August 31, 2017 Case Laws Income Tax

According to CBDT Circular No. 20/2017 dated 12th June 2017 cash seized during searh opeartion u/s 132B can be adjsuted against advance tax payment.
August 31, 2017 Case Laws Income Tax

Validity of assessment u/s 143(3) r.w.s. 144C - the Assessing Officer said that he is passing draft assessment order and the assessee was also at liberty to file the......
August 31, 2017 Case Laws Income Tax

Set off of deemed dividend against actual dividend paid by certain companies - dividend distribution tax as per section 115-O is in respect of dividend covered u/s......
August 31, 2017 Case Laws Income Tax

Head of the income - amount received for providing amenities to the tenant - amount towards furniture and other facilities including car parking, benefit of sanitary......
August 31, 2017 Case Laws Income Tax

Additions to be made u/s 69C on account of alleged bogus purchases(Unexplained Income) is according to the estimation of net profit ranging from 12.5% to 25% depending......
August 31, 2017 Case Laws Customs

Valuation - enhancement of value - The value enhanced on the basis of the highest contemporaneous import cannot sustain - However, the same requires to be enhanced on......
August 31, 2017 Case Laws Customs

Refund claim of ADD - denial on the ground that the appellant had not requested for re-assessment of bill of entry - in case by final notification, the ADD is reduced,......
August 31, 2017 Case Laws Service Tax

Levy of service tax - container detention charges - Such charges can at best be called as ‘penal rent’ for retaining the containers beyond the pre-determined period -......
August 31, 2017 Case Laws Central Excise

Extended period of limitation - Surprisingly, the adjudicating authority has made an observation that visit of officers for routine checkup and audit does not debar the.....
August 31, 2017 Case Laws Central Excise

Classification multi media speakers with FM radio - these are speakers with added function and the main role of the item, in question, remains amplifying the sound......
August 31, 2017 Case Laws VAT and Sales Tax

Registration under TNVAT Act - Whether sale and purchase activity was carried from the state - respondent cannot instruct upon the petitioner to register themselves......
August 31, 2017 Act Rules GST

E-way bill - Inspection and verification of goods - Proper officer to make summary report within 24 hours - In in case of physical verification, no verification second......
August 31, 2017 Act Rules GST

E-way bill - Verification of documents and conveyances. - Verification through RFID readers - Physical verification of conveyance only by proper officer or by any......
August 31, 2017 Act Rules GST

E-way bill - Documents and devices to be carried by a person-in-charge of a conveyance - Goods and Services Tax - he may carry IRN (Invoice Reference Number) instead of.....
August 31, 2017 Act Rules GST

C.Govt. Prescribes Rules for generation of e-way bills / challan - when to be generated by the supplier of goods, recipient of goods or by the transporter of goods,......
August 31, 2017 Notifications GST

Central Goods and Services Tax (Sixth Amendment) Rules, 2017 - Movement of goods and generation of e-way bill - To be effective from the date to be notified. - Notification
August 30, 2017 Circulars Customs

Implementing Electronic Sealing for Containers by exporters under self-sealing procedure prescribed - CBEC prescribes guidelines for procuring and using RFID tags / RFID....
August 30, 2017 Case Laws Income Tax

CIT(A) set aside the re-assessment on ground which was not existed as the AO has considered that ground and given effect to - CIT(A) direct to reconsider the case afresh on merit.
August 30, 2017 Case Laws Income Tax

Computation of the long term capital gain by applying the provisions of sec. 50C - When this DVO’s report is proved as wrong, then it is open to the authorities to......
August 30, 2017 Case Laws Income Tax

Legally transfer pricing adjustment should be limited to the international transactions only. No additions to be made on the basis of transactions with non AE's.
August 30, 2017 Case Laws Income Tax

Rectification of mistake u/s 254 - period of limitation - the expressions “passed” “initiated” and “served/received” are not interchangeable - the expression “passed”......
August 30, 2017 Case Laws Income Tax

Reopening of assessment - Deduction u/s 80-IB(10) - merely because the permission was given later, cannot, by itself, be a basis to entertain a belief that the date of......
August 30, 2017 Case Laws Income Tax

Unexplained Cash Credit - addition u/s 68 - Mere furnishing of a confirmation letter by a creditor, as it again well settled, does not prove the credit; the same would......
August 30, 2017 Case Laws Income Tax

Benefit u/s 80IB(2)(iv) - interpretation of the term “employment for substantial part of the year” - ten or more workers - foreman is to be treated as a part of the......
August 30, 2017 News GST

GST Revenue Figures – The total revenue of GST paid under different heads upto 29th August, 2017 (10 a.m) is ₹ 92,283 crore.
August 30, 2017 Case Laws Customs

Classification of goods - Korean Ginseng tablets - Tariff item 13021914 specifically mentions extracts of Ginseng (including powder) - Admittedly, vegetable extracts......
August 30, 2017 Case Laws Customs

Concessional rate of duty - The Platinum/Rhodium wire imported by the appellant/assessee has been classified as Platinum (wires) under the Tariff Heading 71101900 and,......
August 30, 2017 Case Laws Service Tax

Business Auxiliary Services - if services were rendered to such foreign clients located abroad, then, the act can be termed as 'export of service'. Such an act does not.....
August 30, 2017 Case Laws Service Tax

Valuation - includibility of reimbursement of expenses - C&F Agency Service - various expenses such as rent, postage and stationary, telephone charges etc. - service tax....
August 30, 2017 Case Laws Service Tax

Classification of services - reverse charge mechanism (RCM) - Merely because appellant receiving certificate in India does not mean service was partly performed in India - not taxable
August 30, 2017 Case Laws Service Tax

Site Formation Services - benefit of abatement - The allegation prima facie incorrect as there is no restriction in availing Cenvat credit on capital goods in order to......
August 30, 2017 Case Laws Service Tax

Commercial Training or Coaching Services in the field of Auto CAD/CAM, computer networking, multi-media, DTP, computer repair and maintenance, call centre training, etc.....
August 30, 2017 Case Laws Central Excise

CENVAT credit - scope of input services - Service Tax paid on the Courier Services for various purposes viz., Sending Samples, Documents, finished goods etc., would be......
August 30, 2017 Case Laws Central Excise

Exemption from Special Excise Duty (SED) - At the point of sale of the motor vehicle, only six tyres have been found fitted on the chassis. Such being the case, the......
August 30, 2017 Case Laws Central Excise

Classification of the miniature cars (Electro plated with Gold over FRP mould) - Taking into consideration the proportion of the gold content in the miniature car with......
August 30, 2017 Case Laws Central Excise

Benefit of exports - once the goods have been exported even though the goods were rejected by the buyer side, duty cannot be demanded as there is no condition provided......
August 29, 2017 Case Laws Income Tax

Deduction u/s 80-IA - agreement for operating and maintaining the infrastructure facility viz the airport - whether MOU entered into by the assessee with the Airport......
August 29, 2017 Case Laws Income Tax

Capital gain tax - Assessment of long term capital gain - entering development agreement between the developer and other 7 joint co-owners without any considerations -......
August 29, 2017 Case Laws Income Tax

Deemed dividend addition u/s 2(22)(e) - nature of receipt - advances against sale of land - arrangement tailored by the assessee with the sole intent to wriggle out of......
August 29, 2017 Case Laws Income Tax

Stamp duty paid on demerger - Though section 35DD is applicable, the provisions of section 43B has an overriding effect on all other provisions of the Act, any......
August 29, 2017 Case Laws Income Tax

TCS u/s 206C - TCS & interest liability where the buyer has paid the taxes - sale of ship-breaking scrap against delcaration in Form no. 27C - matter remanded back to verify the facts.
August 29, 2017 Case Laws Income Tax

Addition under Sec. 69C - unexplained credit card expenses - assessee had failed to explain, both the nature of the transactions and the source of money deposited by him....
August 29, 2017 Case Laws Service Tax

VCES Scheme - appellant declared a turnover in their Income Statement which has been accepted by the department under the VCES scheme. When that is accepted by the......
August 29, 2017 Case Laws Service Tax

Suo-moto adjustment of excess amount of service tax paid - there is no specific mention that the adjustment has to be done on monthly basis - non-filing of intimation......
August 29, 2017 Case Laws Central Excise

100% EOU - remission of duty - the goods cleared for export got damaged in an accident and it cannot be said that the goods have been cleared in DTA
August 29, 2017 Case Laws Central Excise

There was no provisional assessment during the relevant period - the appellants are not required to pay differential duty in cases where goods have been sold at higher......
August 29, 2017 Case Laws Central Excise

Valuation - stock transfer - Motor Spirit (MS) - the demand of duty is not from depots but from Korukkupet terminal who have stock transferred the petroleum products to.....
August 29, 2017 Case Laws VAT and Sales Tax

Works contract - levy of sales tax - single indivisible contract - State Legislature is empowered to segregate the goods part of the works contract and impose sales tax thereupon.- SC

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F: Transfer of ITC without filing ITC-02

F: assessment order

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

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H: Sale-purchase loss disallowed unreasonably by tax officer, commercial ...

H: Building sale value can't determine depreciation; actual consideration...

H: Loan to equity conversion attracts income tax on excess share premium ...

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

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A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...

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