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Highlights / Annotations / Catch Notes For 2018

Home Highlights Year 2018

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Showing 1751 to 1800 of 6256 Records

1 ....32 33 34 353637 38 39 40........ 126

October 6, 2018 Case Laws Income Tax

TDS u/s. 194G - non deduction of tds on commission paid to sub-agents - sale of lottery tickets through sub-agents - assessee is not liable to deduct TDS under section......
October 6, 2018 Case Laws Income Tax

Levy of fees u/s 234E - Section 200A, which deals with the processing of TDS returns, gave no mandate to make adjustments on account of levy of fees u/s 234E prior to 01....
October 6, 2018 Case Laws Income Tax

Interest on delayed payment of VAT and TDS is only compensatory and is not penal in nature. Therefore, the CIT(A) has correctly deleted the disallowance made for the......
October 6, 2018 Case Laws Income Tax

Provision for impairment of stocks - method of valuation of stock - inventory consisted of old/used stock which was categorized as defective, but, repairable stock and......
October 6, 2018 Case Laws Income Tax

Penalty levied u/s 271(1)(c) - undervalued its closing stock - in the subsequent year, the assessee has shown less amount of opening stock which will lead in the......
October 6, 2018 Case Laws Income Tax

LTCG - Exemption u/s 54F - eligibility criteria - determination of net consideration - The net consideration as determined under section 50C based on the stamp duty......
October 6, 2018 Case Laws Income Tax

Claim of deduction u/s 35DD or alternatively u/s 32 - acquiring commercial rights - the assessee has not paid any consideration to acquire the Palakollu Bank, the......
October 6, 2018 Case Laws Customs

EPCG Scheme - benefit of Concessional rate of duty - The objection by the department is not on the basis of the material fact but on the interpreting of Notification No.....
October 6, 2018 Case Laws Customs

Valuation of imported goods - if at all the value of contemporary imports is to be applied, the lowest value of similar goods imported into India is to be adopted.......
October 6, 2018 Case Laws Service Tax

CENVAT Credit - input services - insurance services provided by the appellant to workers working at their site - the availment of the policy appears to be a statutory......
October 6, 2018 Case Laws Service Tax

Failure to deposit the service tax collected from clients though reflected in the ST-3 return - Extended period of limitation - Appellants have misappropriate the funds.....
October 6, 2018 Case Laws Central Excise

Extended period of Limitation - CENVAT Credit - The assessee did not file any return and did not maintain any records. Therefore, for reasons assigned by the original......
October 6, 2018 Case Laws Central Excise

Valuation - goods manufactured on Job-work basis, sold by the principal - "Said Goods" - whether the goods manufactured and cleared by job worker and the same was sold......
October 6, 2018 Case Laws Central Excise

Valuation - Job-work - Appellant had bona-fide belief for valuation of goods manufactured under job work. The demands beyond normal period of limitation are thus held to....
October 5, 2018 Case Laws GST

The claims of carry forward of the existing duties and credits during the period of migration, therefore, had to be within the prescribed time. Doing away with the time.....
October 5, 2018 Case Laws GST

Classification of Supply - AMC contract - The said contract merits to be considered to be a composite supply of service, and principal supply is service inasmuch as the.....
October 5, 2018 Case Laws GST

Sealing of Business Premises - petitioner’s grievance is that the sealing of its business premises on behalf of the Delhi Goods and Services Tax (DGST), ostensibly under....
October 5, 2018 Case Laws Income Tax

Deemed dividend u/s 2(22)(e) - assessee was holding more than 10% shareholding in M/s MLPL (the lender company) and also having a substantial interest in M/s OFPL (the......
October 5, 2018 Case Laws Income Tax

Validity of order u/s 264 - against an order made u/s 264, no further statutory appellate remedy is available to the aggrieved party. Therefore, it leads to an......
October 5, 2018 Case Laws Income Tax

Levy of penalty u/s 271(1)(c) - claiming false depreciation - lease transaction not to be a bonafide transaction - three authorities have concurrently held on facts......
October 5, 2018 Case Laws Income Tax

Deemed dividend addition u/s 2(22)(e) - loan transaction from one subsidiary to another subsidiary company with common parent company - It is not possible to accept the.....
October 5, 2018 Case Laws Income Tax

Interest u/s 244A for the month of payment of tax or granting of refund has not been provided to the assessee as against specific provisions for the same in Rule 119A -.....
October 5, 2018 Case Laws Income Tax

Short term capital loss - if any, loss have been suffered by the assessee-company, A.O. cannot treat the same as non-genuine due to extraneous considerations or......
October 5, 2018 Case Laws Income Tax

Disallowance of losses claimed on account of slow moving stocks - valuation - merely for the reason that few parties did not appear before the AO, there is no reason to.....
October 5, 2018 Case Laws Income Tax

Once, the machinery was available for use, though not actually used, falls within the expression used “for the purpose of business of the assessee” and claim the benefit....
October 5, 2018 Case Laws Income Tax

Disallowance of provisions for warrantee - if a business liability has arisen in an accounting year, the deduction should be allowed although the liability may have to......
October 5, 2018 Case Laws Customs

Claim of damage for loss of job and mental disturbance due to Customs Investigation Proceedings - Company secretary being CFO - Validity of statement made in......
October 5, 2018 Case Laws Customs

Extended period of limitation - Once the appellant has declared what is being imported in the invoice and the Bill of entry, they cannot be faulted for claiming a......
October 5, 2018 Case Laws Customs

Valuation of export goods - While the rejection of the transaction value under Rule 8 by the lower authority is correct, determining the value under Rule 6, ignoring......
October 5, 2018 Case Laws Customs

Detention of person under COFEPOSA Act beyond 24 hours - Illegal custody - recording of statement is voluntary or not - notice be issued to the concerned mobile......
October 5, 2018 Case Laws Service Tax

Storage and Warehousing Service - They have only leased out the tanks for a certain period of time for a consideration. This in itself will not constitute warehousing......
October 5, 2018 Case Laws Service Tax

The appellant is entitled to the refund of excise duty paid by them after adjusting the amount of CENVAT credit under Rule 11 (3) of CCR, 2004 calculated as on the date.....
October 5, 2018 Case Laws Service Tax

VCES rejected on the ground that they had failed to make deposit of 50% of Service Tax amount declared by the due date - even if it is accepted that the error was made......
October 5, 2018 Case Laws VAT and Sales Tax

Penalty - availing ITC - cancellation of seller's registration - It is claimed that the purchase was not aware that the registration of the seller was cancelled - The......
October 4, 2018 Notifications Income Tax

Certain Transactions of acquisition of equity share notified for the purpose of special rate of Income Tax u/s 112A
October 4, 2018 Notifications Companies Law

Constitution of National Financial Reporting Authority (NFRA) w.e.f. 1.10.2018
October 4, 2018 Case Laws GST

The Clean Energy Cess and States Compensation Cess are entirely different from each other, payment of Clean Energy Cess was for different purpose and has no bearing or......
October 4, 2018 Case Laws GST

Validity of the Goods and Services Tax (Compensation to States) Act, 2017 - State compensation cess is “with respect to” goods and services tax, it is a tax. - It is not....
October 4, 2018 Case Laws GST

Classification of Supply - Supply of goods or services? - The activity of printing of question papers is an activity of supply of service classifiable under heading 9989....
October 4, 2018 Case Laws Income Tax

TPA - comparable selection - substantial question of law - the Revenue has routinely brought such matters before this Court knowing fully well that the Transfer Pricing.....
October 4, 2018 Case Laws Income Tax

Failure to deduct TDS u/s 194J - Addition u/s 40(a)(ia) - Since, there is no claim of expenditure by the assessee, disallowance under section 40(a)(ia) as was done by......
October 4, 2018 Case Laws Income Tax

Registration u/s 12AA denied - Proof of charitable activities - The removal of the Trustee or directions given by the donor etc., are not relevant at this stage and......
October 4, 2018 Case Laws Income Tax

Estimation of income - Undisclosed bank transactions - assessee himself has offered profit of 0.30% before the AO which was rejected by him who estimated such income at.....
October 4, 2018 Case Laws Income Tax

Disallowance of salary paid to director - There is no tax evasion and there is reasonableness of managerial remuneration. - higher remuneration - Now no approval is......
October 4, 2018 Case Laws Income Tax

Validity of assessments orders - all the three assessments are non-est in the eyes of law since the DCIT/ACIT, Circle-11(4), Chennai issuing the section 143(2) notice(s)....
October 4, 2018 Case Laws Income Tax

Penalty u/s 271(1)(b) - non compliance of a consolidated notice issued u/s 142(1) - there must be a specific notice to the assessee for specific assessment requirements.....
October 4, 2018 Case Laws Income Tax

Assessment u/s 153A - In respect of unabated assessments, the legislature had conferred powers on the AO to just follow the assessments already concluded unless there is....
October 4, 2018 Case Laws Income Tax

Allowable busniss expenses - The interest paid u/s 201(1A) would not assume the character of business expenditure and could not be regarded as a compensatory payment.
October 4, 2018 Case Laws Income Tax

Gain on sale of property - LTCG or STCG - period of holding - for the purpose of determining the nature of capital gain, the period during which the asset was held by......
October 4, 2018 Case Laws Income Tax

Reopening of assessment - AO emphasised that the assessee did not file any return of income by contradicting himself in the body of the assessment order by admitting......

1 ....32 33 34 353637 38 39 40........ 126

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F: Stock damaged in recent floods

F: GST on Solar Plant

A: PENALTY ON DIRECTORS CONTRAVENING EXPORT REGULATIONS UNDER FOREIGN EXC...

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F: Transfer of ITC without filing ITC-02

F: assessment order

F: INTERMEDIARY SERVICES OR EXPORT SERVICES

H: Revision: Hospital receipts verified, partial refunds & fees paid subs...

F: ITC Issue in case of Acqusition of Company in Insolvency

H: Goods matched documents like e-way bill and invoices; detention order ...

H: Goods Inspection Matches E-Way Bill, Lack of Tax Evasion Intent Quashe...

H: Income tax reassessment validity: AO initiated proceedings u/s 147 ins...

H: Reassessment Rules Interpretation: Taxpayer Wins Over Accommodation En...

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

H: Building sale value can't determine depreciation; actual consideration...

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

H: Property purchase: Joint owners pay via banking channels before regist...

H: Tax exemption limit for leave encashment: Local authorities' employees...

H: Tax assessments beyond 6-year limit quashed, satisfaction note lacked ...

H: Cash found in lockers linked to temple trust and educational foundatio...

H: Microphone Tech Classification: Functionality Over Technology.

H: Exemption from Social Welfare Surcharge on duty-free imports via scrips.

H: Claim for performance pay not an operational debt under IBC; Multiple ...

A: Director Identification Number

A: No GST is applicable for the services provided by the Director under p...

A: Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on...