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Highlights / Annotations / Catch Notes For 2017

Home Highlights Year 2017

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Showing 301 to 350 of 4703 Records

1 ....3 4 5 678 9 10 11........ 95

December 3, 2017 Case Laws Income Tax

Assessment of trust as AOP - exclusion of Corpus funds - all the voluntary contributions received by the assessee are taxable within the meaning of section 2(24)(iia) of....
December 3, 2017 Case Laws Income Tax

Transactions through Credit cards - unexplained purchases - The claim of the assessee that he was returning the goods back to the seller at the 3% discount to generate......
December 3, 2017 Case Laws Income Tax

Addition of interest - accrual of interest - Inter-corporate deposits - it cannot be said that interest has accrued to the assessee during the year when the......
December 2, 2017 Case Laws Income Tax

The donations received for specific purpose of acquiring the capital assets are tied up grants and cannot be treated as income u/s 2(24)(ii)(a) - AT
December 2, 2017 Case Laws Income Tax

Transfer of case u/s 147 - Deemed service of notice u/s 148 - AO never acquired jurisdiction over the assessee. Therefore, section 292BB does not come to the aid of the.....
December 2, 2017 Case Laws Income Tax

Principle of mutuality - assessee club has been formed under the control of Haryana Urban Development Authority (HUDA) - ITAT allowed the benefit of Principle of......
December 2, 2017 Case Laws Income Tax

Adding net profit and share premium sum u/s 68 - there can be no straitjacket formula for determining share premium which depends upon current strength and future......
December 2, 2017 Case Laws Customs

Classification of Concentrated Mineral Drops (CMD) - CMD imported by the appellant will not merit classification under 21069099. - would merit classification under CTH 30045020 - AT
December 2, 2017 Case Laws Customs

Penalty on CFS - smuggling of prohibited goods - Being the custodian of the goods, the appellant cannot wriggle out of the responsibility by saying that they had......
December 2, 2017 Case Laws Customs

DTA clearance by SEZ - who is liable to pay duty - the goods got cleared from the SEZ unit of Anita exports and was examined in the DTA wherein some discrepancy were......
December 2, 2017 Case Laws Companies Law

Corporate Insolvency Resolution Process - a 'Power of Attorney Holder' is not competent to file an application on behalf of a 'Financial Creditor' or 'Operational......
December 2, 2017 Case Laws Service Tax

BAS - The appellants clearly promoted the business of foreign entity for which they received commission. - These type of activities should be considered as Export of......
December 2, 2017 Case Laws Central Excise

Classification of goods - plastic tanks - tank is a specialised attachment and shape and it clearly shows that it is used for spraying the material in the agricultural......
December 2, 2017 Case Laws Central Excise

Demand of duty of excise - captively manufactured and consumed armoured cable emerges during the course of manufacture of PVC coated armoured cable - the intermediate......
December 1, 2017 Circulars Income Tax

Some of the important issues to be considered while framing scrutiny assessments pertaining to filing of revised/belated returns by assessees, post-demonetisation.
December 1, 2017 Circulars Income Tax

Scope of limited scrutiny - Assessing Officers should abide by the instructions of CBDT while completing limited scrutiny assessments and should be scrupulous about......
December 1, 2017 Case Laws Income Tax

Validity of penalty orders u/s 271AAB - penalty notice issued under Section 274 read with Section 271 - penalty where the search has been initiated - levy of penalty sustained - HC
December 1, 2017 Case Laws Income Tax

The conclusion arrived at by all the authorities below, that new industrial Units cannot carry out substantial expansion to claim benefits envisaged under Section 80 IC.....
December 1, 2017 Case Laws Income Tax

Difference and discrepancy in the stock - inflated statement of stock with the bankers - there is no discrepancy in the stock statements as appearing from the physical......
December 1, 2017 Case Laws Income Tax

Refusal to waive interest u/s 234A, 234B and 234C - disallowance for want of deduction of tax at source u/s 40(a)(ia) - interest cannot be waived - HC
December 1, 2017 Case Laws Income Tax

Interest received from the bank was income in assessee's hands - amount paid by the assessee as interest on the loan that he took from the bank did not reduce his income....
December 1, 2017 Case Laws Income Tax

Inclusion of AY in which search was conducted into the period of 6 assessment years - recording of satisfaction during the next year - assessment for assessment year......
December 1, 2017 Case Laws Income Tax

Validity of assessment u/s 153A - In case the AOwanted to vary the returned of income filed u/s 139. It is trite proposition of law that if no notice has been issued in.....
December 1, 2017 Case Laws Service Tax

Levy of service tax - brokerage received from the RBI for the sale of Government bonds - the lending or borrowing of money by the Government is a sovereign function and.....
December 1, 2017 Case Laws Central Excise

Dismissal of the appeal, on the sole ground that there is a huge pendency involving crores of rupees of revenue and adjudication of lis involving a minor demand of duty.....
December 1, 2017 Case Laws Central Excise

Refund claim - cash refund of cenvat credit - whether the appellant are entitled to refund of Cenvat Credit amount in cash when the credit was reversed on the insistence....
November 30, 2017 Circulars Customs

Drawing of samples for the purpose of grant of drawback - Wherever export consignments are selected for assessment or examination, the officer of Customs not below the......
November 30, 2017 Case Laws Income Tax

Addition u/s 68 - The assessee has failed in establishing the creditworthiness of the donors, occasion for making the gifts and why and donors who were strangers and not....
November 30, 2017 Case Laws Income Tax

Assessment of Firm as AOP - in terms of section 167 the share of the members of AOP are indeterminate - In such case the whole of the income of such an AOP is to be......
November 30, 2017 Case Laws Income Tax

Interest u/s.244A - AO directed to re-compute the amount of interest u/s. 244A by first adjusting the amount of refund already granted towards the interest component and....
November 30, 2017 Case Laws Income Tax

Considering the assessee’s failure to maintain the fool-proof records on the identity of the donors, we are of the opinion that the principle of adhocism adopted by......
November 30, 2017 Case Laws Customs

Import of coal - coking coal or not - coal imported by appellants under 19 Bills of Entry is eligible for the benefit of exemption notification under 21/2002-Cus - AT
November 29, 2017 News GST

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit;
November 29, 2017 News Indian Laws

Article by the Union Finance Minister on ‘The Fiction of Loan Waiver to Capitalists’
November 29, 2017 News GST

Problems faced by assessees in filing of GST Returns - Presentation as submitted by the Society for Tax Analysis and Research (STAR)
November 29, 2017 Case Laws Income Tax

Valuation of closing stock - provisions of section 145A has overriding effect on the provisions of section 145 - the said provisions are applicable not only on closing......
November 29, 2017 Case Laws Income Tax

Replacement of compressor of Colling unit - Nature of expenses - Compressor is admittedly a part of unit which is replaced and it longer life or it is procured......
November 29, 2017 Case Laws Income Tax

Penalty u/s 271(1)(c) - Director’s remuneration - reallocation out of managerial remuneration to different units - claim of exemption u/s 80IC - at most, it was a case......
November 29, 2017 Case Laws Central Excise

Rebate claim - export related benefits - rule 16 of CER - Rule 16(1) and (2) may not apply for receiving duty paid biscuits in the factory for export of confectioneries.....
November 28, 2017 Case Laws Customs

Violation of conditions for import of goods against EPCG licnece - failure to intimate the department after installation - since the importer submitted the proof of......
November 28, 2017 Case Laws Customs

Proceedings to levy Anti-dumping duty - Exclusion of the party from the proceedings - the rules are clear, especially Rule 12 of the Customs Tariff Rules and there is no....
November 28, 2017 Case Laws Income Tax

Monetary limit for filing appeal - retrospective implementation of Instruction No.3 of 2011 dated 9.2.2011 - SC reiterate its earlier order - circular may be applied for....
November 28, 2017 Case Laws Income Tax

Penalty u/s 271B - determination of turnover - reasonable cause for not getting its accounts audited u/s 44AB - the belief of the assessee about the non applicability of....
November 28, 2017 Case Laws Income Tax

Wilful attempt to evade tax, etc. - Punishable offence - False claim of depreciation on land - the same is scrutinized, firstly, by the auditors of the company.......
November 27, 2017 Case Laws Income Tax

The advance deposit of central excise duty constitutes actual payment of duty within the meaning of Section 43B and, therefore, the assessee is entitled to the benefit......
November 27, 2017 Case Laws Income Tax

TDS u/s 195 - Since Section 40(a)(i) as it stood in AY 2006-07 continued to discriminate in the above manner and was inconsistent with Article 24(3) of the Indo Japan......
November 27, 2017 Case Laws Income Tax

Penalty u/s 271(1)(c) - by deferring the declaration to the subsequent year, the assessee certainly furnished inaccurate particulars of income for the year under appeal.....
November 27, 2017 Case Laws Income Tax

Maintainability of appeal before CIT(A) against Levy of interest u/s 220(2) - enhanced assessment - AO directed that interest u/s 220(2) chargeable on the amount......
November 27, 2017 Case Laws Income Tax

Preparation of the balance sheet in accordance with the statutory provision would not disentitle the assessee in submitting income tax return on the real taxable income.....
November 27, 2017 Case Laws Income Tax

Allowability of Provision towards licence fee for renewal of Excise licence fee - no payment has been made by the assessee to the Government till the due date of filing.....

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F: Stock damaged in recent floods

F: ITC on Inward supplies availed in the next Financial Year

F: DEPRECIATION ON CAPITAL GOODS WITH GST COMPONENT

F: RCM on Rent for Exempted Commodity

F: RCM on Rent for Composite Dealer

A: ADJUDICATION OF MULTIPLE SHOW CAUSE NOTICES

A: Penalty under Section 129 not imposable due to improper E-Way bill whe...

N: Central Government approves SKAN Research Trust, Bengaluru under the c...

N: Amendment in Notification No. 02/2017-Central Tax, dated the 19th June...

F: GST AUDIT U/S 65 AND SHOW CAUSE U/S 73

H: Personal hearing mandatory before heavy penalty order; natural justice...

H: No invoice/e-way bill discrepancy, areca nut seller deemed owner as pe...

H: Appellate tribunal rejects delay condonation, upholds strict adherence...

H: Apex Court upholds 'socialist' and 'secular' in Constitution's Preambl...

H: GST Circular allows filing rectification for input tax credit claims t...

H: GST hike dispute: Petitioner gets relief, gov't entity to reimburse 6%...

H: Fabric manufacturer wins tax case over CENVAT credit denial due to lac...

H: Fixed deposits in Krishi Bank treated as investments; loss on liquidat...

H: Amalgamated company's income assessment challenged due to jurisdiction...

H: Government Ayurveda Institute's Share Capital Interest Dispute: Treate...

H: Interest on enhanced compensation for land acquisition: Taxable or exe...

H: Cash payment exceeding limit during sale deed registration wrongly pen...

H: Undisclosed income declared under IDS 2016 can't be treated as unexpla...

H: Tax deduction denied for incomplete housing project & excess commercia...

H: Stone article exporters win relief from classification dispute.

F: GST on Solar Plant

A: ELECTRONIC CASH LEDGER

A: CENVAT credit can be claimed for telecom infrastructure

A: RECENT DEVELOPMENTS IN GST

A: ITC on Telecommunication Towers: Bharti Airtel (SC) implication in GST...