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Highlights / Annotations / Catch Notes For 2016

Home Highlights Year 2016

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Showing 1751 to 1800 of 5838 Records

1 ....32 33 34 353637 38 39 40........ 117

August 19, 2016 Notifications Income Tax

Income Declaration Scheme (Third Amendment) Rules, 2016 - Notification
August 19, 2016 Case Laws Central Excise

Export of goods without payment of duty under letter of undertaking - failure to submit a proof of export within a period of six months - No provision is pointed out......
August 19, 2016 Case Laws Central Excise

Cenvat credit - service tax paid on rent-a-cab service - the appellant is not eligible to avail cenvat credit for the period subsequent to 1.4.2011. The said amount is......
August 19, 2016 Case Laws Central Excise

Cenvat credit - job work - input services used in the manufacture of job worked goods exempted under Notification No.214/86-CE is admissible. - AT
August 19, 2016 Case Laws Income Tax

TDS liability on payments made out of accumulated balances in the EPF a/c - it cannot be said that there was no mechanism prescribed for deduction of TDS in respect of......
August 19, 2016 Case Laws Income Tax

As the assessee being eligible u/s 80IAB for a particular block of years it will not make any impact to the Revenue if the deduction u/s 80IAB is allowed for prior......
August 19, 2016 Case Laws Income Tax

Determine the character of subsidy in hands of recipient - Having gone through the preamble of the “Incentive Scheme 2001 for Economic Development of Kutch District”......
August 19, 2016 Case Laws Income Tax

Addition u/s 40A(3) - cash payment in excess of ₹ 20,000/- - Recipients are illiterate and does not have permanent place of Business and also vendors and Hawkers......
August 19, 2016 Case Laws Income Tax

Cash expenditure exceeding ₹ 20,000/- - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and......
August 19, 2016 Case Laws Income Tax

The question of addition u/s 69C shall arise only if it is shown that the assessee has incurred any expenditure outside the books of account. In the instant case, we......
August 19, 2016 Case Laws Income Tax

Disallowance of commission paid to agents - There are some holes in this investigation. The first being the statements recorded from the 3 lady agents are stereo typed......
August 18, 2016 Case Laws Service Tax

Taxability of GTA service - consignment note was not issued - tax liability under Goods Transport Agency service cannot be sustained against the appellant. - AT
August 18, 2016 Case Laws Service Tax

Scope of show cause notice - demand was raised under the category of BAS - demand was confirmed under the different category - Demand set aside in toto - AT
August 18, 2016 Case Laws Service Tax

Nature of composite works contract - w.e.f. 01/6/2007 when the activity of the appellant has been accepted by the Department as mining service, for the period prior to......
August 18, 2016 Case Laws VAT and Sales Tax

Waiver of pre-deposit - what would be the disputed turnover to be reckoned for the purpose of arriving 25% of the disputed tax to be deposited as pre-deposit for......
August 18, 2016 Case Laws VAT and Sales Tax

Scope of the term Dealer - a public charitable trust running and maintaining a public hospital - it is not engaged in business activity and therefore, the appellant is not a dealer - HC
August 18, 2016 Case Laws VAT and Sales Tax

Suppression of sales turnover - estimation suppressed turnover - AO was wrong in estimating the additions which was solely based on one day sales - HC
August 18, 2016 Case Laws Central Excise

Cenvat credit - the credit taken on the basis of the bill of entry endorsed by the Head officer was valid document u/R.3 and 9 of the Cenvat Credit Rules, 2004 cannot be faulted - HC
August 18, 2016 Case Laws Central Excise

Legality of adjustment of amount against the arrears out of the refund amount - at the time when the impugned demand with interest and penalty was adjusted from the......
August 18, 2016 Case Laws Central Excise

Cenvat credit - Rule 16 of Central Excise Rules 2001/2002 - it is found that on 07.12.2005, the Appellant had received the rejected quantity of 577.11 MT at 23.45 hrs......
August 18, 2016 Case Laws Income Tax

Penalty levied u/s.271(1)(c) - Valuation of Goodwill - the I.T. Act does not clothe the taxing authorities with any power or jurisdiction to rewrite the terms of the......
August 18, 2016 Case Laws Income Tax

Power of the Commission to reopen its proceedings - even as per the amendment made by Finance Act, 2011, power of review is not conferred on the Settlement Commission. - HC
August 18, 2016 Case Laws Income Tax

Deemed dividend - issue of bonus shares does not amount to deemed dividend within the meaning of provisions of Section 2(22)(a) of the I.T.Act. - AT
August 18, 2016 Case Laws Income Tax

Levy of penalty u/s. 271D - The transaction in question does not fall in the mischief for which the section was brought on statute. It is clearly covered by the......
August 18, 2016 Case Laws Income Tax

A mere omission or negligence would not constitute a deliberate act of either suppressio veri or suggestio falsy. By the mere reason of such concealment or of furnishing....
August 18, 2016 Case Laws Income Tax

Levy of penalty u/s 271(1)(c) - wrong claim of set off of loss of father - there is no revenue loss to the Department for the reason that both the assessee as well as......
August 18, 2016 Case Laws Income Tax

Penalty under section 271(1)(c) - an unsigned order has no legal sanctity, hence, invalid in law. Penalty imposed under section 271(1)(c) deleted - AT
August 18, 2016 Case Laws Income Tax

Deemed dividend u/s.2(22)(e) - payments made through inter-se transactions between the companies cannot be termed as any gratuitous payment to the assessee shareholder......
August 17, 2016 Case Laws Customs

Classification - import of Phosphoric acid - full exemption under Notification No.265/92-CUS dated 27.08.1992 for the manufacture of fertilizers allowed - AT
August 17, 2016 Case Laws VAT and Sales Tax

Taxability of works contract - the point at which these iron and steel products are taxable is the point of accretion, that is, the point of incorporation into the......
August 17, 2016 Case Laws VAT and Sales Tax

Reversal of Input tax credit (ITC) - assessment, pertaining to 'Invisible Loss' during manufacturing activity - revenue directed to redo the assessment in accordance with law. - HC
August 17, 2016 Case Laws VAT and Sales Tax

Rate of Tax / VAT - classification of Crude Degummed Soyabean Oil - oil will remain oil if it retains its essential properties and merely because it has been subjected......
August 17, 2016 Case Laws Service Tax

Service tax credit - When the ER-1 returns containing the details credit were filed regularly extended period demand cannot be raised later in case it was found that......
August 17, 2016 Case Laws Service Tax

Cenvat credit - the service tax credit on medical claim for employees of the appellant is available - AT
August 17, 2016 Case Laws Service Tax

Cenvat credit - eligibility - service tax paid on crushing charges to the job worker - there is no justifiable reasons for denial of part of credit of service tax......
August 17, 2016 Case Laws Service Tax

Invokation of extended period of limitation - It is not tenable to contend that if the credit is taken on photocopies of the documents, extended period can automatically....
August 17, 2016 Case Laws Service Tax

Cenvat credit - management consultancy service and consulting engineering service” provided by the Directors to their own company i.e. appellant - Whether the appellant.....
August 17, 2016 Case Laws Central Excise

Exemption - deemed export - respondent has not supplied the goods directly to SEZ Unit but has supplied the same to M/s. Shree Bajrang Alloys Ltd., who have further......
August 17, 2016 Case Laws Central Excise

Period of limitation - If audit could not take place then this inadmissible credit availed by the appellant could not be detected. Therefore, the extended period of......
August 17, 2016 Case Laws Central Excise

Valuation - physician samples - most of the pharmaceuticals manufacturers were adopting assessable value on the basis of cost data, we are of the view that no malafide......
August 17, 2016 Case Laws Central Excise

Cenvat credit - The rock bolts being used as fixtures in mining process are entitled for credit as they are covered by specific description of 'fixtures' under Rule......
August 17, 2016 Case Laws Central Excise

Denial of cenvat credit - the credit entries were in the regular records, which were audited and the dispute arose thereafter only. Therefore, invoking extended period......
August 17, 2016 Case Laws Income Tax

Share capital received from the various share-holders ought not to have been treated as business income. - SC
August 17, 2016 Case Laws Income Tax

Penalty u/s 271D - violation of the provisions of section 269SS or not - treating the deposit/loan of ₹ 40,00,000/- as capital contribution of the member of AOP,......
August 17, 2016 Case Laws Income Tax

Disallowance made u/s 40A(2)(b) deleted for the reason that the assessee has proved that the price paid is at arm’s length and not excessive or unreasonable and as the......
August 17, 2016 Case Laws Income Tax

Allowability of interest expenditure - The assessee-company had failed to controvert the suspicion entertained by the AO with evidence. Therefore, assessee had failed to....
August 17, 2016 Case Laws Income Tax

CIT(A) had rightly disallowed the deduction claimed U/s 43B of the Act for advance payment of VAT - this advance tax is not covered within the meaning of definition of......
August 17, 2016 Case Laws Income Tax

Excess stock found during the course of survey is income from business and profession and cannot be assessed U/s 69 - U/s 28(v) the interest, salary, bonus, commission......
August 17, 2016 Case Laws Income Tax

Net income determination - assessee has not maintained proper vouchers but spent it in cash - instead of disallowing 50% of cash expenditure, AO should have estimated......
August 17, 2016 Case Laws Income Tax

Deduction u/s. 54 - construction of the house was not completed within the stipulated period - Advances paid for the purpose of purchase and/or acquisition of the......

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