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Highlights / Annotations / Catch Notes For August of 2017

Home Highlights August August 2017 Year 2017

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Showing 251 to 300 of 491 Records

1 ....2 3 4 567 8 9 10

August 12, 2017 Case Laws Income Tax

Tax Recovery proceedings - priority over other dues / secured creditors - the Revenue cannot prevent the petitioner-bank as a secured creditor from realizing its unpaid.....
August 12, 2017 Case Laws Income Tax

Validity of intimation / adjustment u/s 143(1) - Exemption u/s 11A denied - Registration no. u/s 12AA was not mentioned in the ITR - Since the adjustment made by the AO.....
August 12, 2017 Case Laws Income Tax

Deduction u/s 54F - satisfaction of relevant conditions - owning more than one house - another house was under construction and it cannot be said as another residential.....
August 12, 2017 Case Laws Income Tax

TPA - CIT-(A) was not empowered to restore the issue to the file of the TPO for deciding afresh. He should have called for a remand report from the TPO and should have......
August 12, 2017 Case Laws Income Tax

Accrual of income - Deferred Bank Guarantee Commission - he commission income arising from the guarantee given on behalf of the customer has been recognized by the......
August 12, 2017 Case Laws Income Tax

Rejecting of claim of loss - ad-hoc estimation of income - AO is allowed to make additions for want of evidences and the same should be fair and reasonable. - AO should.....
August 12, 2017 Case Laws Income Tax

Revision u/s 263 - unexplained investments - non-initiation of penalty u/s u/s 271(1)(c) of the Act render the order erroneous and prejudicial to the interest of the......
August 12, 2017 Case Laws Income Tax

Claim of exemption u/s.10(1) - agricultural nature of the income earned out of the sale of the flowering plants developed out of imported mother plants in Tissue Culture....
August 11, 2017 Case Laws Service Tax

Maintenance and repair service - repair, alteration, renovation or restoration or similar service in relation to commercial buildings and civil structures - the......
August 11, 2017 Notes Income Tax

ICDS would apply to the taxpayers whose income is taxed under presumptive tax schemes (i.e. u/s 44AD, 44ADA, 44AE, 4BB, 44BBA, 44BBB) for limited purpose of determination of turnover
August 11, 2017 Notes Income Tax

ICDS - If the assessee is following mercantile system of accounting for his manufacturing business and cash system of accounting for his commission agency business, then....
August 11, 2017 Case Laws Customs

Reimbursement of Central Sales Tax (CST) - goods purchased from EOU - Irrespective of the location of the Manufacturing Units selling such products to the petitioner in.....
August 11, 2017 Case Laws Customs

Refund claim - Cess - unjust enrichment - The amount realized from the foreign buyer was only FOB value - the refund of cess is not hit by unjust enrichment
August 11, 2017 Case Laws Customs

Confiscation of goods - shipping bills were not entered in export goods arrival register maintained at CFS, STT, ICD, Dadri - drawback claim - goods were exported and......
August 11, 2017 Case Laws Companies Law

Membership of the private company exceeded 50 or not - joint share holdings - exclusion of employee quota - The submission that such employee quota share does not remain....
August 11, 2017 Case Laws Companies Law

Membership of the private company exceeded 50 or not - Deemed public company - The number of members of the compnay has not exceeded 50 by virtue of transfer of shares......
August 11, 2017 Case Laws Income Tax

MAT computation - Provision for bad and doubtful debts - If, at the end of the year showing the loans and advances on the asset aside of the balance sheet as net of the.....
August 11, 2017 Case Laws Income Tax

Addition u/s 68 - peak credit theory - accommodation entry provider - ITAT went merely on the basis of accountancy, overlooking the settled legal position that peak......
August 11, 2017 Case Laws Income Tax

Penalty u/s. 271D - contravention of provision of Section 269SS - reasonable cause for not accepting loans by way of account payee cheque or demand draft - These loans......
August 11, 2017 Case Laws Income Tax

Exemption u/s 10(1) - agricultural income - proof of agricultural operations - business of plant floriculture / tissue culture - exemption allowed.
August 11, 2017 Case Laws Income Tax

Compensation paid by the assessee to the family members of deceased divers was in course of the assessee business, and the assessee had rightly considered the business......
August 11, 2017 Case Laws Income Tax

TDS u/s 194H - SIM cards and recharge coupons were sold in cash. The customers and shopkeepers were offered discount on the face value of the SIM cards. Apropos the......
August 10, 2017 Notifications Customs

Anti-dumping duty on "Opal Glassware", originating in or exported from China PR and UAE imposed
August 10, 2017 Circulars Customs

Continuation of pre-GST rates of Rebate of State Levies (RoSL) for transition period of three months i.e. 1.7.2017 to 30.9.2017 for Export of Garments and textile......
August 10, 2017 Circulars GST - States

Levy of VAT or GST on Supply of goods / works contract - where work was started before 1.7.2017 or contract was entered into prior to 1.7.2017 - Time of supply - A Clarification
August 10, 2017 Notes GST

Switching between the composition scheme and normal scheme of payment of tax - When opted for the Composition scheme, ITC on Capital Goods need to be reversed upto 5......
August 10, 2017 Notes GST

Switching from normal payment of tax composition scheme - Whether the assessee is liable to reverse Input Tax Credit (ITC) on inputs or capital goods held in stock? How.....
August 10, 2017 Notes GST

Switching from composition scheme to normal scheme of payment of tax - Whether the assessee is eligible to avail Input Tax Credit (ITC) on inputs or capital goods held in stock?
August 10, 2017 Case Laws Service Tax

Refund - Since the payment of service tax during the said period was not under protest, the Appellant was unable to take advantage of the second proviso under Section......
August 10, 2017 Case Laws Companies Law

Articles are internal regulations of a Company. It is a subordinate document to the Memorandum of Association. If companies were unable to alter their memorandum or......
August 10, 2017 Case Laws Income Tax

Revision u/s 264 - petitioner and his grandmother are co-owners of property sold - joint ownership - seeking the petitioner's income in respect of the transaction......
August 10, 2017 Case Laws Income Tax

Provisional attachment of bank account u/s 281B - search and seizure activity - even after expiry of period in excess of seven months, department did not take any action....
August 10, 2017 Case Laws Income Tax

Addition towards deemed dividend u/s 2(22)(e) - payment made to assessee company - the deemed dividend is taxable in the hands of the registered share holder but not in.....
August 10, 2017 Case Laws Income Tax

Applicability of Article 8 vis-a-vis Article 24 of DTAA - DTAA between India and Singapore - shipping income - Article 24 only envisages territorial and jurisdictional......
August 9, 2017 Case Laws Service Tax

CENVAT credit - input service distribution - credit in respect of input services utilised at the R&D centres of the appellant company and transferred to factory through.....
August 9, 2017 Case Laws Central Excise

CENVAT credit - appellants are drawing water from various dams in the vicinity of factory and pipelines have been laid from the tanks to the mines - denial of credit on.....
August 9, 2017 Case Laws Customs

Re-export of prohibited goods - The consignment having contained `prohibited goods', which were confiscated in terms of Section 111 (d) of the CA, the Petitioner is not.....
August 9, 2017 Case Laws Customs

The “removal” and “clearance” cannot be equated to clear the goods for home consumption under Section 47 of the Customs Act. The permissions to clear the goods would not....
August 9, 2017 Case Laws Income Tax

Agricultural income or not - turnkey contract of plantation - to create and develop plantations, rock gardens etc. for companies/institutions - The consideration......
August 9, 2017 Case Laws Income Tax

Eligibility to registration to the Assessee u/s 12AA and u/s 80G - The mere fact that the Assessee had received service charges from the various organizations for......
August 9, 2017 Case Laws Income Tax

Accrual of interest income on FD's - compensation and interest was not final, but pending the decision of the High Court - it is an accepted position that the right to......
August 9, 2017 Case Laws Income Tax

Royalty - exchange gain - Income attributable to royalty and interest remitted from Malaysia after retaining in Malaysia for sometime - income is taxable in India - HC
August 9, 2017 Case Laws Income Tax

Grant of exemption under section 10(23C)(vi) - date of grant of registration - The registration will take effect from the date of application - HC
August 9, 2017 Case Laws Income Tax

Levy of penalty u/s 271FA - failure of the appellant in furnishing AIR in time - appellant had not established any reasonable cause for not filing AIR within time -......
August 9, 2017 Case Laws Income Tax

Deduction u/s. 80-IA(4)(ii) - telecommunication services - infrastructure facilities - A wholesale purchaser of bandwidth cannot be equated with an undertaking providing....
August 9, 2017 Case Laws Income Tax

Eligibility to exemption u/s 10B - whether duty draw back / export incentive is eligible for deduction / exemption - Held Yes
August 8, 2017 Circulars GST - States

Guidelines/ Instructions for detention/ lnspection report u/s 68 and 129 of the HGST Act/CGST Act and Section 20 of the IGST Act, 2017.
August 8, 2017 Notifications GST

Govt extends time period for filing of details of outward supplies in FORM GSTR-1 for months of July and August - Notification
August 8, 2017 Notifications GST

Govt extends time period for filing of details of inward supplies in FORM GSTR-2 for months of July and August - Notification
August 8, 2017 Notifications GST

Govt extends time period for filing of details in FORM GSTR-3 for months of July and August - Notification

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F: Stock damaged in recent floods

F: GST on Solar Plant

A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...

A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...

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...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

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

A: No GST is applicable for the services provided by the Director under p...

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