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Highlights / Annotations / Catch Notes For August

Home Highlights August

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Showing 5251 to 5300 of 6917 Records

1 ....102 103 104 105106107 108 109 110........ 139

August 12, 2015 Case Laws Income Tax

Method of accounting - according to the Revenue, in respect of all the activities of the assessee, the accounting of income and expenditure should be under the same......
August 12, 2015 Case Laws Income Tax

Disallowance made under Section 32AB - Investment deposit account - ITAT deleted disallowance - HThe Assessing Officer does not have jurisdiction to go behind net profit....
August 12, 2015 Case Laws Income Tax

Royalty payment to a related person - it is wrong to conclude that that Tarun Mohan being a Director of the respondent was not entitled to enter into an agreement for......
August 12, 2015 Case Laws Income Tax

Claim of terminal depreciation - assessee had in fact claimed depreciation as contemplated under section 32 merely because it was termed as "terminal depreciation" was.....
August 12, 2015 Case Laws Income Tax

Unaccounted gifts - All the donors were the Income-tax assessees. When it is so then the creditworthiness is proved. The amount was reflected in the books of account. -....
August 12, 2015 Case Laws Income Tax

Penalty u/s. 271(1)(c) - interest income does not form part of the assessee’s business, the same could not in any case be said to be derived there-from, a condition......
August 12, 2015 Case Laws Income Tax

Validity of assessment - CIT(A) had a mistaken belief that issuance of notice u/s 143(2) is an empty formality inspite of the legal position on this statutory mandate - ....
August 12, 2015 Case Laws Income Tax

Liability to deduct tax at source u/s 194A on interest paid to NOIDA - payment of interest by banks to the State Industrial Development Authorities does not require any.....
August 12, 2015 Case Laws Income Tax

Withholding of tax - The software has been purchased from Microsoft, the cost of which has been distributed amongst all the group entities. It is pure case of......
August 12, 2015 Case Laws Income Tax

Disallowance of deduction u/s.10B - 100% export oriented unit (EOU) - deduction u/s. 10B cannot be denied to assessee especially when in the last year, same was allowed.....
August 12, 2015 Case Laws Income Tax

Sale consideration from transfer of property of the Company - whether taxable in the hands of the appellant? - Officers of the Revenue should not try to later advantage....
August 12, 2015 Case Laws Income Tax

Eligibility to claim exemption u/s 11 - contribution to chit funds - it is wrong to conclude that assessee has with an intention to earn profit or income made a......
August 12, 2015 Case Laws Wealth-tax

Determination of net wealth of assessee - Renting of property - once the rental income from the property is treated as “business income” and the character of the asset......
August 11, 2015 Case Laws Central Excise

Valuation of goods - transportation charges cannot be added to the assessable value as the same are charged by the appellant under separate contracts - AT
August 11, 2015 Case Laws Customs

Refund of amount deposited during Investigation – Delay of 17 years in Adjudication – Commissionerate learnt about the subject show cause notice only on receipt of copy.....
August 11, 2015 Case Laws Customs

Classification of goods – Duty Exemption – Whether new seats that were imported for replacing existing seats were said to be for servicing, repair or maintenance of......
August 11, 2015 Case Laws Income Tax

Validity of Section 234E challenged - Fee for default in furnishing TDS return/statements - it cannot be held that Section 234E of the Income Tax Act, 1961 suffers from....
August 11, 2015 Case Laws Income Tax

TDS liability on "wheeling charges" - whether it did not amount to "fees for technical services" within the meaning of Section 194J? - whether there is any 'rendering of....
August 11, 2015 Case Laws Income Tax

Bogus purchases - Merely because the assessee was being prosecuted for keeping the sugar beyond the permissible limit and was trading in the same by sale and purchase on....
August 11, 2015 Case Laws Income Tax

Entitlement to the benefit u/s 10B - the profit as per the tax audit report for the entire business activity is 6.14%, when the profit from actual manufacturing activity....
August 11, 2015 Case Laws Income Tax

Assessment completed under Section 143(3) r/w. Section 153A - rightly, the assessing officer rejected the belated retraction and proceeded to complete the assessment......
August 11, 2015 Case Laws Income Tax

Disallowance of exemption under S.11 - receipt of capitation fee - capitation fee having been received by Shri P.Lakshminarayana Reddy and not by the assessee society,....
August 11, 2015 Case Laws Income Tax

Loss incurred on account of forex derivative contracts - Revenue directed to set off of the losses incurred by the assessee on account of forex derivatives contracts......
August 11, 2015 Case Laws Income Tax

Addition on net profit figure - In the case on hand the books of accounts have not been rejected. Under those circumstances substituting the book results with a random......
August 11, 2015 Case Laws Income Tax

Year of taxability of capital gains - taking possession alone in to consideration for levy of capital gains ignoring the date of agreement and terms of agreement is not....
August 11, 2015 Case Laws Income Tax

TDS u/s 194J OR u/s 192 - remuneration to consultants - salary or professional fee - all technocrats and consultants are more than 60 years of age and are in post......
August 11, 2015 Case Laws Income Tax

Determination of tax liability - It is a settled position of law that the Revenue cannot insist on recovering the tax on protective assessment of income - AT
August 11, 2015 Case Laws Income Tax

Unexplained deposits in the bank - sale of land - Affidavit of assessee is a self serving document, therefore, on the basis of affidavit, the additions made by the AO......
August 10, 2015 Case Laws Customs

Suspension of the courier licences - Illegitimate benefit of duty free Bona fide gifts – Once an authorisation is not produced, the courier agent becomes the importer - HC
August 10, 2015 Case Laws Customs

Demand of customs duty from the courier agency - the burden of showing that the consignment was a bona fide gift falls on the appellant and in the absence of discharge......
August 10, 2015 Case Laws Central Excise

CENVAT Credit - distribution of credit by the Input service distributor (ISD) - Cenvat Credit to the appellant cannot be denied on the ground that input service......
August 10, 2015 Case Laws Central Excise

Denial of SSI Exemption - Manipulation of invoices - Since they have changed the name of the consignee in spite of the fact that the goods were being transported to......
August 10, 2015 Case Laws Central Excise

SSI Exempiton - whether brand name TEGU, registered in the name of the appellant in India, is not sufficient to claim SSI exemption when the same belongs to a German......
August 10, 2015 Case Laws Central Excise

Concessional rate of duty - bubble gum - bubble gum and chewing gum are two different commodities and, therefore, the word "chewing gum" in heading 170410 of the 8 digit....
August 10, 2015 Case Laws Central Excise

Confiscation of the goods and imposition of redemption fine in respect of the seized goods by the Adjudicating authority in de-novo adjudication cannot be sustained. - AT
August 10, 2015 Case Laws Central Excise

Refund - area based exemption - Commencement of production of new product after the cut-of date i.e. 31.12.2005 or increased the capacity of the production - Concast......
August 10, 2015 Case Laws Customs

Levy of Countervailing Duty – Once there was no excise duty on such goods produced domestically question of levying additional duty in form of giving such protection......
August 10, 2015 Case Laws VAT and Sales Tax

Reversal of input tax credit - ITC claimed by the dealers cannot be reversed under Section 19(1) of TNVAT Act on the ground that the sellers have not paid the tax to......
August 10, 2015 Case Laws Income Tax

The receipt in the case of the Assessee is not attributable to transfer of any asset or right and the mere fact that the receipt is not attributable to non-compete......
August 10, 2015 Case Laws Income Tax

Tax Audit - prescription of section 44AB of the Act was triggered only after AO rejected the assessee’s methodology of booking profit from its project - aving regard to....
August 10, 2015 Case Laws Income Tax

Capital or revenue expenditure - the expenditure incurred by the assessee for the purpose of establishing a new manufacturing unit in China and the expenses incurred......
August 10, 2015 Case Laws Income Tax

Penalty u/s 271(1)(c) - it is clear that the departmental authorities are not sure as to which limb of the penalty provision is attracted - no penalty - AT
August 10, 2015 Case Laws Income Tax

Computation of annual value - The three flats which could not be sold at the end of the year was shown as stock-in-trade. Estimating rental income by the AO for these......
August 10, 2015 Case Laws Income Tax

Computing book profit u/s 115JB - MAT - The net profit disclosed in the Profit and Loss account prepared in accordance with the Companies Act should be the starting......
August 8, 2015 Notifications Income Tax

Obligation to furnish statement of financial transaction or reportable account u/s 285BA and FATCA Agreement - Procedures and Manner and Conditions notified -......
August 8, 2015 Case Laws Service Tax

Availability of Cenvat Credit of Service Tax paid on Exempted Services of Job work - Notification No. 8 of 2005 is a conditional notification and Section 5A(1A) of......
August 8, 2015 Case Laws Service Tax

Activity of chilling of milk - Business Auxiliary Service - appellant has made out a good case for waiver of pre-deposit - AT
August 8, 2015 Case Laws Service Tax

GTA services - Payment of freight - liability to discharge service tax burden is on supplier of goods or purchases to goods - lower authorities to re-verify the facts and evidences - AT
August 8, 2015 Case Laws Service Tax

Imposition of penalties u/s 76, 77 and 78 - Service tax payment on reverse charge basis is available as Cenvat Credit - In a Revenue neutral situation no intention to......
August 8, 2015 Case Laws Central Excise

100% EOU - debonding - DTA sales made by the appellant against advance DTA permission - appellant is not able to fulfill the Condition No.II attached to the Notification....

1 ....102 103 104 105106107 108 109 110........ 139

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