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Highlights / Annotations / Catch Notes For August of 2018

Home Highlights August August 2018 Year 2018

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Showing 1 to 50 of 547 Records

12 3 4 5........ 11

August 31, 2018 Notifications Income Tax

Income-tax (9th Amendment), Rules, 2018.
August 31, 2018 GST

GST (Amendment) Acts, 2018 to amend CGST Act, IGST Act, Compensation to States Act and UTGST Act, got Presidential assent as on 29.8.2018
August 31, 2018 Case Laws Income Tax

Despite delayed filing of appeal, the petitioners (revenue) have given a totally misleading statement before this Court. - We are shocked that the Union of India through....
August 31, 2018 Case Laws Income Tax

Assessee in default - Provisions of section 201(1)/201(1A) do not authorize the Department to treat the same default under two provisions.
August 31, 2018 Case Laws Income Tax

Exemption u/s 54/54F - The assessee should not own more than one residential house, other than the new asset. The word used in the section is the residential house but......
August 31, 2018 Case Laws Income Tax

Deduction u/s 80P(2)(a)(i) - interest earned from investment made in nationalized bank by a cooperative society engaged in providing credit facilities to its members, is....
August 31, 2018 Case Laws Income Tax

Rectification of mistake - Rebate claim u/s 88E - as per AO assessee has also earned income by way of short term capital gains on which the assessee has paid STT and......
August 31, 2018 Case Laws Income Tax

Addition on account of difference in the total receipts shown in the Form No. 26AS as against the receipts shown in the books of account - even if additions so made, the....
August 31, 2018 Case Laws Income Tax

Addition u/s 68 - evidences about the receipt of the cash and repayment of the cash despite those persons having proper bank account - whole explanation of the assessee.....
August 31, 2018 Case Laws Income Tax

Transfer pricing - ALP - Section 92 is not an independent charging section to bring in a new head of income or to charge tax on income which is otherwise not chargeable under the Act.
August 31, 2018 Case Laws Income Tax

Denial of claim for exemption u/s 11 - Merely came into existence of provision of Section 2(15) of the Act nowhere makes the object of the Assessee commercial in nature.....
August 31, 2018 Case Laws Customs

Remission of duty - section 23 of Customs Act, 1962 - goods destroyed while in custody of the custodian - coconut milk - goods were not in compliance with the shelf life....
August 31, 2018 Case Laws Service Tax

CENVAT Credit - service tax paid on Reimbursement of expenses - Department and CESTAT denied the credit as no service was being provided by the the person claiming......
August 31, 2018 Case Laws Service Tax

Renting of immovable property Services - appellant have allotted land in the Gazipur market yard which is known as flower marketing committee to various dealers/traders.....
August 31, 2018 Case Laws Service Tax

Fashion Designing service. - amounts recovered by the appellant towards the activity of designing such as design of Jodhpuri, blazer etc, which was carried out by the......
August 31, 2018 Case Laws Service Tax

Extended period of limitation - the appellants being a Government-sponsored organization cannot be alleged to have intent to evade payment of duty. Understandably, no......
August 31, 2018 Case Laws Service Tax

Erection Installation & Commissioning service - For availing the benefit of the exemption under N/N. 11/2010-ST the service provider need not be a distribution licencee,....
August 31, 2018 Case Laws Service Tax

Cable Operator Service - the assessee had not properly maintained the record of number of connections and charges collected from the subscribers - demand confirmed.
August 31, 2018 Case Laws Central Excise

The Commissioner(Appeals) has allowed the appeals of the appellant on merits but still remanded the matter back to the original adjudicating authority for de novo......
August 31, 2018 Case Laws Central Excise

Classification of goods - mosquito repellants coils - whether mosquito repellants coils manufactured by the respondent are liable to be classified under Chapter Heading.....
August 30, 2018 News Indian Laws

Extension of Date - Framing of Income Tax rules relating to Significant Economic Presence as per Section 9(1)(i) of the Income Tax Act,1961, Comments and suggestions
August 30, 2018 Circulars Customs

Forwarding of samples for testing to the Outside Laboratories- reg.
August 30, 2018 Case Laws GST

Classification of goods - rate of GST - The PVC floor Mat would fall in the Customs Tariff heading 3918 and applicable rate of GST would be 18% (9% each of CGST and......
August 30, 2018 Case Laws Income Tax

Disallowance of school expenses - contribution for the running of the FACT School - an expenditure for the smooth functioning of the business of the assessee and an......
August 30, 2018 Case Laws Income Tax

Profit earned on sale of shares - frequency and volume of purchase and sale of shares shows, intention of assessee was to generate income through trade, rather than......
August 30, 2018 Case Laws Income Tax

MAT - adjustment made in the book profit computed U/s 115JB in respect of share of the assessee in the income of the joint venture - whether the share of profit from......
August 30, 2018 Case Laws Income Tax

Annual value determination - Estimating the value of the house property - assessee should be granted vacancy allowance.
August 30, 2018 Case Laws Income Tax

TDS u/s 194C - non deduction of tax at source (TDS) on warehousing & collection charges - there is no element of ‘income’ in these transactions, it is just reimbursement....
August 30, 2018 Case Laws Income Tax

Estimation of the annual value of the property - The income of the assessee both from leasing the space as well as providing maintenance services had to be considered......
August 30, 2018 Case Laws Income Tax

Estimation of the annual value of the property - No justification for the action of the Assessing Officer in disregarding the actual rent declared by the assessee for......
August 30, 2018 Case Laws Customs

Additional posts are created/sanctioned for the ICDs/CFSs/ACCs/EPZ for which the developer undertakes to bear the cost of the staff posted. The payment is in the nature.....
August 30, 2018 Case Laws Customs

Scope of SCN - recovery of Customs Duty - Whether the revenue is entitled to recover the customs duty u/s 125(2) of the Customs Act on the goods which are confiscated......
August 30, 2018 Case Laws Customs

Prohibition of appellant-CHA to transact the business under Chennai Customs jurisdiction - Detention of Consignment - The CHA is not an inspector to weigh the......
August 30, 2018 Case Laws Indian Laws

Information denied under RTI Act - Mere apprehension that a third party has declared income, which is lower than the true income, cannot justify disclosure of Income Tax....
August 30, 2018 Case Laws Service Tax

Nature of service - permitting the students to use the factory premises for their research work as a part of their academic curriculum will not make the receipt of the......
August 30, 2018 Case Laws Service Tax

In case of non-payment of pre-deposit, appeal should not have been admitted or else rejected but dismissal of appeal without consideration of its merit requires......
August 30, 2018 Case Laws Central Excise

CENVAT Credit - service tax paid in respect of insurance policies - The argument of the revenue that the office package policy has no connection with the manufacturing......
August 30, 2018 Case Laws Central Excise

CENVAT credit - input services - case of Revenue is that since the respondents have more than one unit, they ought to have taken ISD registration and distributed the......
August 30, 2018 Case Laws VAT and Sales Tax

Input tax credit - purchase of wind mill - when the erection of wind mill for the purpose of generating power in the manufacturing process shall be construed as capital.....
August 29, 2018 Notifications DGFT

Import policy of Petroleum bitumen under HS code 2713 20 00 and other residues of petroleum oils or of oils obtained from bituminous minerals under HS Code 2713 90 00 is 'Free'.
August 29, 2018 Notifications DGFT

Export Policy of Bio-fuels - Export Policy of bio-fuels is revised from 'Free' to 'Restricted' as per the National Policy on Biofuels-2018.
August 29, 2018 Case Laws Insolvency and Bankruptcy

Once the applicant is not an ‘Operational Creditor’ and his claimed dues not being ‘operational debt’, the present petition filed under section 9 of the Code for......
August 29, 2018 Case Laws Income Tax

Bad debts - CIT(A) and Tribunal concurrently held that the respondent bank would also be a scheduled bank and consequently allowed the bad debts u/s 36(1)(viia)(a) of......
August 29, 2018 Case Laws Income Tax

Levy of late fee u/s. 234E - delay in filing of TDS statement - case of the assessee does not fall under the purview of amendment as the first quarter for the assessment....
August 29, 2018 Case Laws Income Tax

Disallowance towards commission expenditure - The payments in commission are made on a monthly/periodical basis based on the clearing of the bills of the assessee......
August 29, 2018 Case Laws Income Tax

Revision u/s 263 - case of “no enquiry” - admittedly Assessing Officer at assessment stage has not verified amount shown under “suspense account”. It is very apparent......
August 29, 2018 Case Laws Income Tax

Depreciation on intangible assets - The above issue could be raised in the AY 2005-06 when the assets entered into the block. Once the assets became part of a block of......
August 29, 2018 Case Laws Income Tax

Carry forward and set off of losses - the status of the company was “closely held company”, i. e. , a company in which public is not substantially interested, when the......
August 29, 2018 Case Laws Insolvency and Bankruptcy

Corporate Insolvency Resolution Process - The presence of an arbitration clause in the share purchase agreement would not cause any impediment with regard to initiation.....
August 29, 2018 Case Laws Customs

Import of Gold Jewellery - prohibited goods or not? - The gold is not a prohibited item. It can be imported only with certain conditions as prescribed under Exim Policy.....

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C: Implementation of automation in the Customs (Import of Goods at Conces...

C: Mandatory additional qualifiers in import declarations in respect of c...

C: Clarifications on the applicability of concessional duty under IGCR Ru...

N: Specifying Forms prescribed in Appendix-II of the Income Tax Rules 196...

N: Securities and Exchange Board of India (Bankers to an Issue) (Amendmen...

N: Securities and Exchange Board of India (Buy-Back of Securities) (Secon...

H: Excess Input Tax Credit penalty appeal dismissed due to delay; court a...

H: Chit Funds Commission Not Subject to GST: High Court Quashes Notice.

H: Taxability of Additional Surcharge by Electricity Distribution Company...

H: Transport agency's bundled services disqualify it from GST exemption f...

H: Compensation for surrendering intellectual property rights treated as ...

H: Cooperative society eligible for tax deduction on interest from cooper...

H: Taxman overreached by turning limited scrutiny into wide-ranging probe...

H: TDS credit limited to income in return, excess related to past years' ...

H: Genuine anonymous donations not taxable. Grants not income if utilized...

H: Property investment source verification not valid grounds for reopenin...

H: Income Tax Assessment Notice Issued by Non-Jurisdictional Officer Quas...

H: Foreign tech firm wins case: No permanent establishment or royalty tax...

H: Simplified taxation for non-resident shipping biz: 7.5% presumptive in...

H: Freight charges paid to foreign shipping co. not taxable royalty or ch...

H: Software License & ICT Service Fees Taxability Re-examined - Royalty o...

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

F: assessment order

F: Transfer of ITC without filing ITC-02

N: Exemption from specified income U/s 10(46) of IT Act 1961 – ‘National ...

A: Electronic Liability Register

A: From Inception to Exit- A Complete Guide to LLP Registration, Closure,...

A: Appeal filed beyond condonable period after writ proceedings disposal ...

A: Common Mistakes to Avoid While Making Income Tax Payments

F: PRE-DEPSOIT ISSUES