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Highlights / Annotations / Catch Notes For August

Home Highlights August

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Showing 2651 to 2700 of 6917 Records

1 ....50 51 52 535455 56 57 58........ 139

August 13, 2020 Case Laws VAT and Sales Tax

Validity of Estimation of turnover - The assessee sells liquor on retail, after purchasing the same from the Kerala State Beverages Corporation. The purchase value......
August 13, 2020 Case Laws Indian Laws

An appeal by a Chartered Accountant (CA) - Name of ICWAI changed to Institute of Cost Accountants of India - Usage of acronym ICOAI instead of the acronym ICAI - A......
August 12, 2020 Case Laws GST

Levy of 1% court fee on filing of Appeal before the appellate authority under GST - The constitutional validity of Section 76 of the Kerala Court Fees and Suit Valuation....
August 11, 2020 Case Laws Income Tax

Penalty u/s 271(1)(c) - when the assessee company had been assessed to tax under the deeming provisions of Sec. 115JB of the Act, therefore, on the basis of our......
August 11, 2020 Case Laws Income Tax

Addition u/s 68 - Identity of third party established - It will not before the assessee thereafter to explain further how or in what circumstances the third party......
August 11, 2020 Case Laws Income Tax

Estimation of income - Bogus purchases - Rejection of books of accounts - There is no error in the finding of the ld.CIT(A) for rejection of the books of accounts as......
August 11, 2020 Case Laws Income Tax

Deduction u/s 10AA - SEZ Unit - violation under SEZ Act, 2005 - Non submission of accounting invoices to STPI/SEZ authorities, Non approval of units by SEZ authority -......
August 11, 2020 Case Laws Income Tax

Disallowance on account of Principal NPA - Time Barred Interest on over-due NPA loan accounts - To avoid the double deduction, the proviso to section 36(1)(vii ) was......
August 11, 2020 Case Laws Income Tax

Exemption u/s 11 - Charitable activity u/s 2(15) - assessee trust was engaged in urban development and town planning - assessee is eligible to claim exemption/s. 11 of......
August 11, 2020 Case Laws Income Tax

Denial of refund of tax - Declaration of income in the return filed by the assessee is a voluntary act and admitted by the assessee which cannot be retracted......
August 11, 2020 Case Laws Income Tax

Levy of penalty u/s 271(1)(c) - disallowance of bogus purchases by applying the profit rate - Once there is no reason to disbelieve the sales made by the assessee and......
August 11, 2020 Case Laws Income Tax

Loss incurred by the assessee in purchase and sale of shares - Whether a business loss or speculation loss? - In case, the assessee has earned profit from share trading.....
August 11, 2020 Case Laws Income Tax

TP Adjustment - arm’s length price of interest on short term loan granted to the AE - The fact that the assessee has provided a short term loan only for a period of 15......
August 11, 2020 Case Laws Income Tax

Nature of land sold appurtenant to the bungalow - whether agricultural land within the meaning of Section 2(14)(a)(iii) of the Act and hence, its sale proceeds are......
August 11, 2020 Case Laws Income Tax

Addition u/s 40A - rent payments have been made by the assessee company to one of its Directors, however, merely because payment has been made to a related person would.....
August 11, 2020 Case Laws Customs

Waiver of pre-deposit - section 129E of CA - The statute itself has waived 90% or 92.5% of the duty amount, as the case may be, assessed by the authorities under the......
August 11, 2020 Case Laws Service Tax

Export of services or not - Services provided outside India - Parent Company / 100% holding company - Distinct Person or not - POPOS Rules - It appears that the......
August 11, 2020 Case Laws VAT and Sales Tax

Recovery of tax arrears from the Directors - Resignation from the post of Directors - respondent company wound up - all the petitioners, who held the status of a......
August 10, 2020 Case Laws Income Tax

Capital gain - Transfer of shares u/s 2(47) - assessee gets shares of Amalgamated Company in lieu of shares of amalgamating company - The taxable event is not just a......
August 10, 2020 Case Laws Income Tax

Disallowance on account of Vehicle and Telephone expenses - the assessee could not adduce proper evidence in support of Vehicle and Telephone expenses having been......
August 10, 2020 Case Laws Income Tax

Nature of expenses - Expenses incurred on Enterprise Resource Planning (“ERP”) and software expenses - revenue or capital expenditure - in today’s fast changing......
August 10, 2020 Case Laws Income Tax

TP Adjustment - comparability - under Rule 10B(2)(b), the comparability of an international transaction with an uncontrolled transaction shall be judged, among other......
August 10, 2020 Case Laws Income Tax

Assessment of capital gains of trust after withdrawing exemption u/s 11 - while completing assessment under normal provisions of the Act, the assessee should be treated.....
August 10, 2020 Case Laws Income Tax

Penalty u/s 271(1) - addition of wrong claim u/s 80IB made by assessee in the return & surrendered during scrutiny proceedings - such claim is solely based on the report....
August 10, 2020 Case Laws Companies Law

Purchase of property - Genuineness of transaction - The transaction as alleged by the applicant is not a bona fide act. The conclusions of the Thareja Committee is......
August 8, 2020 Case Laws Income Tax

Entitled to deduction u/s 80IA (4)(iii) on rental income - where the main business of the company is to earn rental income as its business income, the income would be......
August 8, 2020 Case Laws Income Tax

Bogus accommodation entry - addition in dispute is not solely on the basis of the statement of the persons and the Assessing Officer has relied on other materials. The......
August 8, 2020 Case Laws Income Tax

Addition of interest income - disallowance of interest income by not allowing proportional deduction of interest expenses - if it is presumed that the assessee did not......
August 8, 2020 Case Laws Income Tax

Disallowance u/s 14A - non recording of satisfaction - Suo moto disallowances were not commented upon by the Assessing Officer but were completely disregarded and no......
August 8, 2020 Case Laws Income Tax

Nature of expenditure - addition towards Professional Fees and treating the same as Capital Expenditure - Legal and Professional charges paid by the appellant company......
August 8, 2020 Case Laws Income Tax

Revision u/s 263 - PCIT has used only probability and likelihood to find the error in the assessment order which is not permitted, he ought to find out specific error in....
August 8, 2020 Case Laws Income Tax

Deduction u/s. 35D - shares may have been allotted only to selected Qualified Institutional Buyers ("QIBs") - These regulations provide that when a company has a public.....
August 8, 2020 Case Laws Central Excise

Effect of amendment in the notification - Scope of the term "Substitute" - Refund of Cenvat credit - time limitation - relevant date for filing refund claim - the......
August 8, 2020 Case Laws Central Excise

CENVAT Credit - input services - tour packages provided to dealers - nexus with sales promotion or not - it was possible for the appellant to pay in cash expenses for......
August 8, 2020 Case Laws VAT and Sales Tax

Tax on sale of Duty of Entitlement Pass Book (DEPB) - The aforesaid order is self explanatory. As such, the respondent (Tamil Nadu) herein will not have jurisdiction to.....
August 8, 2020 Case Laws VAT and Sales Tax

Validity of assessment order - Nothing prevented officer to follow principles of natural justice which are conspicuously absent from the impugned order as it reflects......
August 8, 2020 Case Laws Indian Laws

Dishonor of Cheque - the effect of section 18 NI Act is that in case of amount is stated differently in words and figures, the amount stated in figures would be......
August 7, 2020 Case Laws Income Tax

Exemption u/s 10 (23C) (vi) - Burden lies upon the Revenue to bring on record the evidence to rebut the claim of the Appellant Trust and to establish that the activities....
August 7, 2020 Case Laws Income Tax

Disallowance of socio-economic expense u/s 37 - besides educating the drivers about such disease and the consequent health hazards, what the assessee company is also......
August 7, 2020 Case Laws Income Tax

Penalty u/s 271(1)(c) - unaccounted purchases - Even if the AO was not certain about the charge at the time of initiation of the penalty proceedings but he has given a......
August 7, 2020 Case Laws Income Tax

Disallowance of amount of interest on the amount advanced as interest-free advance & loans - Assessee on one hand is advancing interest free loans and advances to his......
August 7, 2020 Case Laws Income Tax

Addition u/s 68 - share application money & share premium - When it has been categorically proved that there is no physical existence of the said company at the given......
August 7, 2020 Case Laws Income Tax

Validity of reopening u/s.148 - Addition of bogus purchases - there was a categorical information wherein the assessee’s name was appearing along with details of the......
August 7, 2020 Case Laws Customs

Levy of ADD - When the Designated Authority proceeded to determined the margin of dumping in relation to an article on the basis of the facts available on record, it......
August 7, 2020 Case Laws Companies Law

Penalty u/s 383(1A) of the Companies Act, 1956 - the company did not have a Whole-time secretary - non-application of mind - order passed only on the basis of a bare......
August 7, 2020 Case Laws Service Tax

Extended period of limitation - Mere reference of the citations in the order and then holding that the extended limitation could not be invoked to the Revenue is a......
August 7, 2020 Case Laws Central Excise

Refund of duty accumulated on account of export - Export of goods - Rule 5 of Cenvat Credit Rules, 2004 - none of the conditions has been satisfied by the appellant as......
August 6, 2020 Case Laws GST

Classification of services - EPC Contract in respect of power distribution and Transmission company - Since the works are used for commercial / business purpose the......
August 6, 2020 Case Laws GST

Levy of GST - supply of food by the applicant to hospitals on outsource basis - the supply of food to hospitals by the applicant depends on the time period (during which....
August 6, 2020 Case Laws GST

Input Tax Credit - GST paid on payment of “lease premium charges (one-time charges) - land lease for business purpose - construction of property over land - The......

1 ....50 51 52 535455 56 57 58........ 139

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

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

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