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Highlights / Annotations / Catch Notes For August of 2021

Home Highlights August August 2021 Year 2021

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Showing 101 to 150 of 457 Records

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August 24, 2021 Case Laws Income Tax

TDS u/s 194I - hire charges paid for the equipment disallowed - addition u/s 40(a)(ia) - the amount of equipment hire charges in question having been already offered to.....
August 24, 2021 Case Laws Income Tax

Estimating the income of the assessee @ 8% on the sub-contract turnover - On verifying the paper book of the assessee running to 32 pages, we do not find any concrete......
August 24, 2021 Case Laws Income Tax

Assessment u/s 153A - Addition of bogus purchases on protective basis in the hands of the assessee - Unless, it is brought over knowledge the fate of substantive......
August 24, 2021 Case Laws Customs

Classification of goods - components for the assembly of iPERL flowmeter - For classification of such parts and accessories relevant Chapter and Section notes are......
August 24, 2021 Case Laws Customs

Refund of SAD - Appeal found to be filed beyond the period of one year from the relevant date - Substantial quantity of imported goods was sold by the appellant in the......
August 24, 2021 Case Laws Service Tax

Rebate of service tax paid - There is no bar by a professional Chartered Accountant (CA) in giving business consultancy for the purpose of export. Further, the......
August 24, 2021 Case Laws Central Excise

CENVAT Credit - meaning of input services pre and post 01.04.2011 - When CENVAT credit was sought to be justified by the appellant under the ‘means’ clause, for which......
August 24, 2021 Case Laws Central Excise

Reversal of CENVAT Credit - inputs written off - provision made in the books of accounts on account of Non-Moving Inventory, without reducing the value of inventory -......
August 24, 2021 Case Laws Indian Laws

Grant of anticipatory Bail - Merely because an arrest can be made because it is lawful does not mandate that arrest must be made. A distinction must be made between the.....
August 23, 2021 Case Laws Income Tax

Validity of order of Settlement Commission u/s 245D(4) - In this case, the 2nd respondent has been ill advised to not to make true and full disclosure and to take a......
August 23, 2021 Case Laws Income Tax

Disallowance of payment of liquidated damages and interest on delayed payment of Value Added Tax (VAT) as deduction - any payment made for breach of contractual......
August 23, 2021 Case Laws Income Tax

Royalty u/s 9(1)(vi) - TDS u/s 195 - Assessee sells its products mainly through online marketing. - In the instant case, the recipients, i.e, M/s Facebook and Rocket......
August 23, 2021 Case Laws Income Tax

Addition u/s 68 - unexplained cash credit - amount received by the assessee from the NRIs - Admittedly, all the transactions were routed through the banking channel i.e.....
August 23, 2021 Case Laws Income Tax

Special rate of tax qua the interest income of the assessee - As stated by the A.R rightly that the assessee was not seeking credit of taxes paid on his income abroad,......
August 23, 2021 Case Laws Income Tax

TDS u/s 194H OR 192 OR 194J - Disallowance of commission paid to director u/s 40(a)(ia) - where commission is paid to directors as per their terms of employment for work....
August 23, 2021 Case Laws Income Tax

TP Adjustment - Claim of depreciation on software - no ownership claim of the assessee proved - Section 32 of the Act provides depreciation on the eligible assets owned.....
August 23, 2021 Case Laws Income Tax

TP Adjustment - international transaction pertaining to purchase of capital goods from AE - the issue of allowability or not of the markup of 8% charged by the AE has......
August 23, 2021 Case Laws Income Tax

Revision u/s 263 - treating the surrendered amount of income as deemed income u/s 69/69A or from normal business income - No additions made by the AO u/s 115BBE -......
August 23, 2021 Case Laws Income Tax

Capital Gain on the acquisition of Land - Claim of exemption u/s 10(37) - The SDM report categorically mentioned that no compensation for standing crops was given to the....
August 23, 2021 Case Laws Income Tax

Assessment u/s 153A - Deemed dividend addition u/s 2(22)(e) - whether the statement recorded during search u/s 132(4) of the Act or extracts of books of accounts......
August 23, 2021 Case Laws Customs

Mis-declaration of the goods - Levy of penalty on customs broker - Can the importer’s argument that they had placed an order for some other goods and the overseas......
August 23, 2021 Case Laws Customs

Permission to carry out the amendment in the shipping bills - rule 41 of the CESTAT (Procedural), Rules 1992 - About eighteen months have passed since the order was......
August 23, 2021 Case Laws Income Tax

Validity of assessment order - imposition of penalty under Section 274 read with Section 271AAC(1) and penalty under Section 274 read with Section 270A of the Income Tax....
August 23, 2021 Case Laws Customs

Classification of imported goods - All the four goods, i.e., API supari, chikni supari, unflavoured supari, flavoured supari merit classification under Chapter 8 of the.....
August 23, 2021 Case Laws Income Tax

Reopening of assessment u/s 147 - Bogus LTCG - AO has reason to believe that the petitioner is a beneficiary of accommodation entry and basis for formation of such......
August 23, 2021 Case Laws Customs

Seeking inspection of the goods seized from the premises of the appellant - provisional release of goods - In the present case the goods have only been seized under......
August 23, 2021 Case Laws Income Tax

Assessment u/s 153A - Bogus purchases - Admittedly in subsequent years there was no seized material available and the learned assessing officer has not extrapolated the.....
August 21, 2021 Case Laws GST

Levy of GST - leasing of tank containers taken form a supplier - lessor located outside India and the tank containers do not reach India - Finance lease - The terms of......
August 21, 2021 Case Laws GST

Refund of input tax credit along with Interest - Pursuant to the interim order dated 06.04.2021, the respondent no. 4 credited the principal amount in the electronic......
August 21, 2021 Case Laws GST

Maintainability of petition - fair opportunity of hearing and sufficient time was not provided - order passed in ex-parte - violation of principles of natural justice -.....
August 21, 2021 Case Laws Income Tax

Validity of reopening of assessment u/s 147 - if the assessing officer has cause or justification to know or suppose that income has escaped assessment, it can be said......
August 21, 2021 Case Laws Income Tax

Nature of receipt against termination of lease agreement - taxable under the head income from other sources or income from house property or not taxable as capital......
August 21, 2021 Case Laws Income Tax

Addition u/s 68 - anonymous donations u/s 115BBC - the action of the A.O. to treat the deposits under reference as anonymous donations u/s 115BBC is completely unlawful.....
August 21, 2021 Case Laws Income Tax

Deemed dividend - unsecured loans - Group companies - since the two concerns are closely related to each other and the transactions are not at arm’s length. It is within....
August 21, 2021 Case Laws Income Tax

Rectification u/s 254 - Penalty u/s 271(1)(c) was deleted - Without prejudice to the above, assuming the findings of the ITAT is not correct than it would not amount to.....
August 21, 2021 Case Laws Income Tax

Bogus purchases - estimation of profit - It could be safely concluded that assessee could have made purchases only from grey market in order to have savings from VAT and....
August 21, 2021 Case Laws Income Tax

Bogus purchases - information that was received by the A.O from the DGIT(Inv.) - now when the assessee had not only substantiated the authenticity of the purchases......
August 21, 2021 Case Laws Insolvency and Bankruptcy

Contempt Jurisdiction - ‘Aggrieved’ person - It is for the Tribunal to find out whether its order has been disobeyed in a ‘wilful’ manner and the mental element is to be....
August 21, 2021 Case Laws Service Tax

Reverse charge mechanism - wrongly availed credit and utilized the credit - the appellants were not liable to pay service tax under reverse charge mechanism prior to......
August 21, 2021 Case Laws Central Excise

Delay in proceeding with SCN - SCN was issued in 2006 - Order in Writ petition was passed in 2010 - Reply to SCN was filed in 2010 - A corrigendum was issued in 2016, PH....
August 21, 2021 Case Laws Central Excise

CENVAT Credit - input services - The Department did not file any appeal against this order dated 17.11.2017 of the Tribunal and so the order passed by the Tribunal......
August 20, 2021 Case Laws GST

Classification of goods - rate of tax - Composite supply or mixed supply - The mixed supply of Instant mix flour of Gota/Methi Gota with Chutney powder/Kadi Chutney......
August 20, 2021 Case Laws GST

Validity of Advance ruling - Obtaining ruling by suppression of facts - Investigation proceedings were pending - the Advance Ruling cannot be used as a mechanism to......
August 20, 2021 Case Laws GST

Levy of GST - amount collected from the employees towards canteen charges - GST, at the hands on the applicant, is not leviable on the amount representing the employees.....
August 20, 2021 Case Laws Income Tax

Revision u/s 263 by CIT - AO has not brought to tax the waived principle amounts of loans / borrowings - Unclaimed balances out of deposits received from customers which....
August 20, 2021 Case Laws Income Tax

Gain on sale of land - Addition u/s 28(iv) - excess area of land received in partition - co-ownership in land - asset was shown in the balance sheet as capital asset but....
August 20, 2021 Case Laws Income Tax

Revision u/s 263 - receipt of on-money - incriminating material found in search or not? - PCIT should himself have conducted the enquiry or causing to make such......
August 20, 2021 Case Laws Income Tax

Addition applying the provisions of section 50C - Once the assessee has raised the objection against the adoption of deemed full value consideration in terms of section.....
August 20, 2021 Case Laws Income Tax

Validity of the reopening of proceedings under section 147 - Assessee contended that, assessment was framed on the basis of mere internal office note, without recording.....
August 20, 2021 Case Laws Income Tax

Addition u/s 56(2)(vii)(b) - valuation of land purchased by assessee - deemed gift under section 56(2)(vii)(b)(ii) - Assessee submitted that, actual deed could not be......

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