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Highlights / Annotations / Catch Notes For 2020

Home Highlights Year 2020

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Showing 2151 to 2200 of 5164 Records

1 ....40 41 42 434445 46 47 48........ 104

July 13, 2020 Case Laws Income Tax

Addition towards the ‘Annual Lettable Value‘(“ALV”) of a property owned - property jointly owned by the assessee - as the rent of ₹ 60,000/- ( ½ share) received by....
July 13, 2020 Case Laws Income Tax

Disallowance of deduction u/s 80IC - new unit or came into existence by splitting up or reconstruction of a business already in existence - Principle of consistency -......
July 13, 2020 Case Laws Income Tax

Disallowance of software expenses - Disallowance is in respect of expenditure claimed towards “repairs - computers-annual maintenance” and “Repairs-computers-others” -......
July 13, 2020 Case Laws Customs

100% EOU - Debonding of EOU - Commissioner of Customs (Appeals) dismissed the appeal on the ground that, the petitioner had sought to invoke the provisions of Section 35....
July 13, 2020 Case Laws Companies Law

Maintainability of application - initiation of CIRP - termination of employment - salary and other dues - Since the appointment was made even prior to the incorporation.....
July 13, 2020 Case Laws Service Tax

Levy of Service Tax - Broadcasting service - transmitting signals from outside India - the contention of the Department that the down linking of the signals from the......
July 13, 2020 Case Laws Service Tax

CENVAT Credit - common input services used for taxable as well as exempt goods - It appeared to Revenue that while calculating the percentage of ineligible credit under.....
July 13, 2020 Case Laws Service Tax

Maintainability of application for restoration of case - Bench observed that the Appellant was no longer interested in pursuing the matter and, therefore, dismissed the.....
July 13, 2020 Case Laws Indian Laws

Grant of Moratorium due to COVID-19 pandemic situation - Restraint on respondent from recovering loan repayment instalments/EMI due - RBI Circular dated 27.03.2020 -......
July 11, 2020 Case Laws GST

Maintainability of Advance Ruling application - Classification of goods - goods in respect of which supply being, undertaken or proposed to be undertaken, should be......
July 11, 2020 Case Laws GST

Interpretation of Statute - Renting of accommodation services - meaning of “Per Unit” - since they will be rending out the entire Villa, then each individual Villa may......
July 11, 2020 Case Laws Income Tax

Addition u/s 56(2) (viib) - shares issued to NRI mainly to encourage Foreign Investments - valuation of shares in compliance to Rule 11U - there is no finding of AO or......
July 11, 2020 Case Laws Income Tax

Fall in GP rate - increase in cost of purchase - 95% of sales were made to related parties - Since no explanation was offered by the assessee before the AO regarding......
July 11, 2020 Case Laws Income Tax

TP adjustments - Notional interest income on the loan (interest free) - the said notional interest income on the loans advanced by the assessee to its AE would be......
July 11, 2020 Case Laws Income Tax

Disallowance of prior period expenses - Addition towards ESI payment - provisions of Section 43B of the Act which provides that certain expenditure / payments which are.....
July 11, 2020 Case Laws Income Tax

Denial of exemption u/s 11 & 12 - ‘Charitable Purpose’ as defined u/s. 2(15) - The mere fact that certain fee was charged by the assessee while rendering certain......
July 11, 2020 Case Laws Income Tax

Penalty u/s 271(1)(c) - after learning about the serious irregularities in the activities of the aforesaid institute, acted in a bonafide manner, and in his return filed....
July 11, 2020 Case Laws Income Tax

Deduction u/s 35(1)(ii) - Provisions of the Act are very clear that the payer (the assessee herein) would not get affected if the recognition granted to the payee had......
July 11, 2020 Case Laws Income Tax

Reopening of assessment u/s 147 - When the notice issued under section 148 against the deceased person as well as the assessment framed by the AO in the name of the......
July 11, 2020 Case Laws Income Tax

Higher rate of tax @60% u/s 115BBE - though the alleged surrendered income is a business income but since assessee being individual having no limitation of earning......
July 11, 2020 Case Laws Customs

Classification of goods - water signal / sensors, pressure sensors, heart film air mass meters / air mass sensors and temperature sensors - The appellants should be......
July 11, 2020 Case Laws Service Tax

Extended period of limitation - Section 73(3) - even when an assessee has suppressed facts, the extended period of limitation can be invoked only when “suppression’ is......
July 11, 2020 Case Laws Service Tax

Commercial Training or Coaching Services - appellant is a PSU mainly engaged in the activity of ship building and repair works - The lower authority seemed to have lost.....
July 10, 2020 Case Laws GST

Mapping Services provided to various Municipal Corporation & Councils - The Services are provided by the applicant are the relation to Urban planning including town......
July 10, 2020 Case Laws Income Tax

Unable to claim refund of the unclaimed excess TDS amount as the online TRACES portal - seeking a direction to the respondents to remove technical glitches and enable......
July 10, 2020 Case Laws Income Tax

Addition on account of house rent - Income from house property - The AO failed to appreciate such estimation of annual letable value as per provision of Section 23(1......
July 10, 2020 Case Laws Income Tax

Addition u/s 68 - peak credit addition - GP estimation - Since the AO failed to bring on record any material to show that the assessee was doing any other business other....
July 10, 2020 Case Laws Income Tax

Correct head of income - lease rent received by the assessee - Business of assessee taken over by the another Company as was running as JV - assessed under the head......
July 10, 2020 Case Laws Income Tax

Deduction u/s 80IB by excluding job work from the turnover - The assessee has satisfied all the conditions for claiming deduction u/s 80IB and proportionate disallowance....
July 10, 2020 Case Laws Income Tax

Rejection of books of accounts u/s 145(3) - trading addition - Once the books of accounts are rejected, the AO is required to estimate the gross profit in the hands of......
July 10, 2020 Case Laws Income Tax

Penalty u/s 271B - Determination of turnover of the assessee for Tax Audit u/s 44AB - turnover in respect of the speculative transactions shall be positive and negative.....
July 10, 2020 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - If the CIRP is initiated against one of the Corporate Debtors, after such initiation the Financial Creditor cannot trigger CIRP against the other......
July 10, 2020 Case Laws Insolvency and Bankruptcy

Initiation of CIRP - Section 7 (5) of the Code uses the term "may", which gives this Adjudicating Authority the option to weigh the pros and cons of initiating a CIRP......
July 9, 2020 Case Laws GST

Supply or not - Applicant raises funds by collecting contributions, (also called as charges in the bye laws of Applicant Society), from members of the society - Held Yes
July 9, 2020 Case Laws Income Tax

Validity of reopening of assessment u/s 147 - Issuing of notice u/s 148 in the wrong name - it was only a typographical error in first name of the assessee though other.....
July 9, 2020 Case Laws Income Tax

Payment on account of Voluntary Retirement Scheme (VRS) - It is seen that section 35DDA has been inserted by the Finance Act, 2001 providing for amortization of......
July 9, 2020 Case Laws Income Tax

Penalty u/s 271C - TDS u/s 194A - interest provision credited to the interest payable account - non deduction of TDS - when the penalty itself was initiated on an order,....
July 9, 2020 Case Laws Income Tax

Revenue recognition - accounting process - Simply because progress billing was more than the stage of percentage of completion, the same, in itself, could not be the......
July 9, 2020 Case Laws Income Tax

Addition u/s 56(2)(vii)(b) - Whether property acquired by the assessee was not a capital asset? - where the agricultural land doesn’t qualify as falling in the......
July 9, 2020 Case Laws Companies Law

Disqualification of director - The resignation of a Director takes immediate effect from the date on which the notice of resignation is received by the company. Hence......
July 9, 2020 Case Laws Service Tax

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Petitioner have declared Service Tax liability but the same could not be deposited while filing the return,......
July 9, 2020 Case Laws Service Tax

Business Auxiliary Services - it is a case of sale/purchase of item from BSNL on principle to principle basis which is pure trading activity and on the cellular......
July 9, 2020 Case Laws Central Excise

CENVAT Credit - duty paying documents - Allegation of non-receipt of goods - The benefit of doubt goes in favour of the appellants that they have received the goods......
July 9, 2020 Case Laws VAT and Sales Tax

Unblocking of portal to enable the petitioner to access and procure Forms C and Forms F - as admittedly no order has been passed under Rule 5(4)(ii) of the Central Sales....
July 8, 2020 Case Laws GST

Maintainability of petition - availability of alternative remedy - imposition of tax and penalty - clerical error or not - In the circumstances equally efficacious......
July 8, 2020 Case Laws Income Tax

Nature of stamp duty paid in relation to the leased business premises - Revenue or capital expenditure - lease was for a period of 10 years - The same is not a deferred.....
July 8, 2020 Case Laws Income Tax

Approval u/s 80G - Donations - the appellant being engaged in safeguarding the rights, privileges and interest of the advocates, its dominating purpose is the......
July 8, 2020 Case Laws Income Tax

Cash seized in search - Protective versus substantive addition - seized cash belongs to the company will not become income of the assessee merely for the reason the said....
July 8, 2020 Case Laws Income Tax

Addition on account of licence fee paid to DOT - if any expenditure on account of licence fee was payable up to 31.07.1999, it should be treated as capital expenditure......
July 8, 2020 Case Laws Service Tax

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - penalty figure not declared - Evasion of service tax - suppression of material facts with intent to evade......

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