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Highlights / Annotations / Catch Notes For 2017

Home Highlights Year 2017

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Showing 351 to 400 of 4703 Records

1 ....4 5 6 789 10 11 12........ 95

November 27, 2017 Case Laws Income Tax

Distribution of capital assets u/s 45(4) - partnership firm - crediting revaluation surplus to partners account settling their accounts on their retirement - It is the......
November 27, 2017 Case Laws Service Tax

Outstanding consideration to be paid by Holding Company - effect of amendment - the debit entries made prior to 10.05.2008 and shown outstanding on that date cannot be......
November 27, 2017 Case Laws Central Excise

High Court was not correct in applying the principle of Promissory Estoppel to grant the benefit of exemption to the industrial unit from the date of production instead.....
November 25, 2017 Case Laws Income Tax

Genuineness of expenditure - payment is as per the registered agreement which is a sale deed and there is no requirement of any cash flow statement when payment is from.....
November 25, 2017 Case Laws Income Tax

Allowability of software expenses - revenue or capital expenditure - purchase of software for Website related application for LAN. - held as capital expenditure -......
November 25, 2017 Case Laws Income Tax

Addition u/s 69 - The serial No. of DDs and the manner in which DDs were taken to pay the license fee also held to be doubtful and the transactions cannot be held as genuine. - AT
November 25, 2017 Case Laws Income Tax

Allowable expenditure - Withheld price / additional price paid to the milk producers for procuring milk - AO is not correct in observing the same as tax evasion device......
November 25, 2017 Case Laws Income Tax

Deduction u/s 80IC cannot be denied invoking the provisions of section 80AC where the return has been filed belatedly but within permissible time u/s 139(4) - AT
November 25, 2017 Case Laws Income Tax

MAT - computing the book profits u/s 115JB - The depreciation to be allowed while working the book profits is always as per the Companies Act and the depreciation should....
November 25, 2017 Case Laws Income Tax

Reopening of assessment - the issue for taxation of entire revenue in India was not taken up by the AO during the original proceedings - notice issued u/s 148 sustained. - HC
November 25, 2017 Case Laws Income Tax

Disallowance of speculative loss occurred on derivative transactions - Tribunal has correctly held that there is an actual delivery and constructive delivery and they......
November 25, 2017 Case Laws Customs

The Department must pay interest on the sum of ₹ 10 lakhs deposited by the petitioners to the extent of delay in refunding the same - On the Bank Guarantees, we do....
November 25, 2017 Case Laws Money Laundering

SC declared Section 45(1) of the Prevention of Money Laundering Act, 2002, insofar as it imposes two further conditions for release on bail, to be unconstitutional as it....
November 24, 2017 Circulars Customs

Applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse. -reg. - Circular
November 24, 2017 Case Laws Income Tax

Nature of amount received as award against damages for breach of contract - capital receipt or revenue receipt - The fundamental right for starting the bottling business....
November 24, 2017 Case Laws Income Tax

Disallowance of short term capital Loss - the provisions of Sec.94(4) of the Act would apply only in cases where the assessee had carried on the transactions of purchase....
November 24, 2017 Case Laws Income Tax

Receipt of advance - Additions u/s 56(2)(vi) - A receipt cannot be taxed merely on conjecture or surmises. - The AO needs to bring on record evidence which proves that......
November 24, 2017 Case Laws Income Tax

Penalty levied u/s 271G - the failure to the said extent on the part of the assessee to comply with the directions of the TPO can safely be held to be backed by a......
November 24, 2017 Case Laws Income Tax

Exemption u/s 10(34) availability in respect of dividend income - Merely because the assessee did not raise the claim at the time of his assessment it did not stop him......
November 24, 2017 Case Laws VAT and Sales Tax

The respondents having collected tax from TASMAC Limited, has not only failed to remit tax, due to the Government, in time, but also withheld the same for a considerable....
November 24, 2017 Case Laws VAT and Sales Tax

Interest on refunds - interest would be payable after the period specified in clause (a) to sub-section (3) to Section 38 of the Act i.e. the date on which the refund......
November 24, 2017 Case Laws Service Tax

Business auxiliary service - accepting foreign exchange on behalf of bank - this activity is nothing but promotion of business of bank of Punjab and also acting as an......
November 24, 2017 Case Laws Central Excise

Manufacture - job-work - excisability/marketibility - the appellant were only fitting some parts in the blank cabinets for various equipments, such as, battery......
November 24, 2017 Case Laws Central Excise

Manufacture - case of Revenue is that DTPL is to be considered the manufacturer since they have supplied the required raw materials and packing materials to job workers.....
November 24, 2017 Case Laws Central Excise

Clandestine removal - cross examination of witnesses - It is required for the departmental adjudicating authorities to first admit the statements in evidence in......
November 24, 2017 Case Laws Income Tax

Addition to salary and commission payment to directors - the revenue is unable to point out as to how the payment were excessive or unreasonable having regard to fair......
November 24, 2017 Case Laws Service Tax

Valuation - inclusion of certain concession in the fees by way of their scholarship scheme - There is no sustainable reason to reject the scheme published by the......
November 24, 2017 Case Laws Service Tax

Commercial Training or Coaching Services - degree or diplomas issued by foreign universities are examined for recognition for further education in India or for......
November 24, 2017 Case Laws Central Excise

Area based exemption - supply of printing paper for textbooks - When they sold the paper to a known publisher of educational textbook, it is apparent that they are aware....
November 24, 2017 Case Laws Central Excise

Valuation - related party transaction - there is no legal sanction to demand duty from the appellants in case the price charged by them from M/s. IOCL is higher than the....
November 23, 2017 Case Laws Service Tax

Demand of service tax on fees received for offering courses of London School of Economics (University of London) resulting in issue of degree by the University of London....
November 23, 2017 Articles GST

Can the TDS liability under GST be fixed with retrospective effect? - Goods and Services Tax - GST
November 23, 2017 Notifications DGFT

Export Policy of Onions- Imposition of Minimum Export Price (MEP) - Notification
November 23, 2017 Case Laws Income Tax

Entitlement for waiver of interest u/s 220(2A) - petitioner has satisfied all the three conditions as enumerated under Section 220(2A) of the Act and therefore are......
November 23, 2017 Case Laws Income Tax

Assessment of income - nature of amount of interest - work could not be completed by the stipulated period and hence a dispute arose between the assessee and the......
November 23, 2017 Case Laws Income Tax

Disallowance of legal and professional charges - When the assessee company has found FIR against Directors of the company, there cannot be any dispute that the Directors....
November 23, 2017 Case Laws Income Tax

If there are any transactions between the assessee and its affiliates that would be a subject matter of transfer pricing regulation. In our view, the CIT was not......
November 23, 2017 Case Laws Customs

Levy of anti dumping duty (ADD) - In a situation where a producer sold the goods through multiple trading channel and one or more trading channel did not participate in.....
November 23, 2017 Case Laws Customs

Valuation - enhancement of value - value was enhanced on the ground that the similar goods were imported at higher price - there is more than two months gap in......
November 23, 2017 Case Laws Service Tax

Service of repairing of footwear - sale or service? - such activity cannot be considered purely as sale of repair materials but is an activity covered under sec 65 (105)....
November 23, 2017 Case Laws Central Excise

Whether “write off” of inputs on account of damage or become unfit during the course of manufacture, can be equated to clearance of inputs as such and no reversal of......
November 22, 2017 News Indian Laws

Constitution of Task Force for drafting a New Direct Tax Legislation - The Terms of Reference (ToR) of the Task Force is to draft an appropriate direct tax legislation within six months
November 22, 2017 Circulars GST

Inter-state movement of rigs, tools and spares, and all goods on wheels [like cranes]- except in cases where movement of such goods is for further supply of the same......
November 22, 2017 Circulars GST

Issue related to classification and GST rate on Terracotta idols – will be eligible for Nil rate
November 22, 2017 Circulars Customs

Clarification in respect of anti-dumping duty on imports of color coated aluminium foil from China PR - regarding. - Circular
November 22, 2017 Case Laws Income Tax

Depreciation on the asset which were claimed as application u/s 11 at the time of purchase - ultimately assessee is a charitable institution and its income for tax......
November 22, 2017 Case Laws Service Tax

Business Auxiliary Services - C&F Agent - the Corporation was engaged in purchase and sale of liquor and could not be considered as clearing and forwarding agent for the....
November 22, 2017 Case Laws Service Tax

Business Auxiliary Services - Commission received from airlines - There are only two parties in the transaction, the seller of space and the buyer of space. Any......
November 22, 2017 Case Laws Service Tax

Classification of services - activities of unitisation, strapping and packeting in the client’s premises - Prior to the amendment made by the Finance Act of 2005 with......
November 21, 2017 Circulars DGFT

Relief in Average Export Obligation in terms of Para 5.19 of Hand Book of Procedures of FTP 2015-20. - Circular

1 ....4 5 6 789 10 11 12........ 95

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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...