Pricing Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

For Sales / Support:
WhatsApp

9911796707

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI Goods matched documents like e-way bill and... TaxTMI NRI's unexplained mutual fund investment & capital... TaxTMI Land sale profit: Business income or long-term... TaxTMI Lending business earned interest spread, no... TaxTMI Money laundering case: Balancing PMLA bail... TaxTMI Export of service partly performed outside India... TaxTMI Technical testing firm wins CENVAT credit case;... TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Transport agency's bundled services disqualify it... TaxTMI Taxman overreached by turning limited scrutiny into... TaxTMI Genuine anonymous donations not taxable. Grants not... TaxTMI Property investment source verification not valid... TaxTMI Income Tax Assessment Notice Issued by... TaxTMI Freight charges paid to foreign shipping co. not... TaxTMI Massive financial fraud via sham deals to launder... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Follow us:

Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

Filter:

Showing 3851 to 3900 of 9427 Records

1 ....74 75 76 777879 80 81 82........ 189

July 17, 2024 Notifications Income Tax

Uttaranchal Board of Technical Education's specified income exempted from income tax for FY 2022-23, subject to conditions.
July 17, 2024 Notifications Customs

Revised tariff values: Crude Palm Oil $925/MT, Brass Scrap $5558/MT. Gold $775/10g (>99.5%), Silver $1000/kg (>99.9%). Areca nut unchanged.
July 17, 2024 Case Laws GST

Unsigned order & notice quashed for lack of digital/physical signature as per Rule 26 CGST Rules & TGST Act.
July 17, 2024 Case Laws GST

Sec 169 allows serving orders/notices via common portal. Sec 146 mandates portal use for registration, tax, returns & communication. Delayed access claim rejected.
July 17, 2024 Case Laws GST

Defective notice sans details invalidated registration cancellation. High Court upheld natural justice principles.
July 17, 2024 Case Laws GST

Order set aside on interest liability. Interest based on 700 days delay. Pay admitted interest in 15 days.
July 17, 2024 Case Laws GST

Appellate authority's inconsistent approach in accepting/rejecting contentions sans evidence rejected. Order quashed, remanded for judicial consideration.
July 17, 2024 Case Laws Income Tax

Subsidiary's expenses for parent's contracts ineligible as business loss. Separate entities, expenses must pertain to assessee's business.
July 17, 2024 Case Laws Income Tax

Unexplained money taxable despite no books. Onus on assessee to prove source. Stamp duty on market value, not guideline value.
July 17, 2024 Case Laws Income Tax

Loan waiver under One Time Settlement: If for trading, taxable u/s 41(1). Facts on loan purpose needed. Case remanded.
July 17, 2024 Case Laws Income Tax

AO's reassessment notice invalid. Alleged profits unverified. Assessee's trading loss claim wrongly rejected. Court allows appeal, deletes addition.
July 17, 2024 Case Laws Income Tax

Mere disallowance u/s 40A(3) won't invite penalty for concealment if assessee disclosed all particulars in Tax Audit Report.
July 17, 2024 Case Laws Income Tax

For property valued >45L, indexed cost of 45L evidenced by cheque payments held acceptable for indexation benefit. LTCG addition deleted.
July 17, 2024 Case Laws Income Tax

Sec 145(3) invoked wrongly, books rejected improperly u/s 144. Gross profit addition unjustified, ignoring evidence. Excess stock part of closing stock, no addition needed.
July 17, 2024 Case Laws Income Tax

Estimated net profit based on 1.33% of gross receipts from past audits. Interest, commission & rental income excluded.
July 17, 2024 Case Laws Income Tax

Assessee disclosed income but failed to prove expenses. AO rightly disallowed unsubstantiated deductions. Afterthought lawsuit can't cover up tax evasion.
July 17, 2024 Case Laws Income Tax

Share capital, a liability, can't be treated as asset to invoke jurisdiction. AO overreached by probing beyond 6 years sans undisclosed asset.
July 17, 2024 Case Laws Income Tax

Loan from bogus entry provider, lender not produced despite directions. Inquiry prevented. Unusual huge yearly loans.
July 17, 2024 Case Laws Income Tax

Software depreciation 60%, sales promotion expense revenue, share premium valuation upheld. Genuine transaction. Recompute tax after PGBP loss.
July 17, 2024 Case Laws Income Tax

Income surrendered during search must meet "undisclosed income" definition for penalty. AO must record findings based on search material.
July 17, 2024 Case Laws Income Tax

Royalty receipts adjustment by TPO based on Form 3CEB differences without ALP computation by prescribed methods is unsustainable.
July 17, 2024 Case Laws Income Tax

Tribunal: Order based on binding precedent can't be recalled/reviewed due to later contrary higher court judgment. Final order can't be reopened u/s 254(2).
July 17, 2024 Case Laws Income Tax

Transfer pricing adjustment: Arm's length broking commission - TPO rejected TNMM, applied CUP method. Consider domestic & overseas clients for CUP. Allow 40% marketing & research cost adjustment.
July 17, 2024 Case Laws Income Tax

Salary earned for services rendered outside India not taxable. Short-term capital gains taxed at 15%. TDS credit after verification. Interest consequential.
July 17, 2024 Case Laws Customs

Diamond pendant qualifies as personal effect for jewelry biz owner. Customs erred in valuation. Refund ordered.
July 17, 2024 Case Laws Customs

Detention for smuggling under Customs Act requires strict interpretation, utmost care & specifying detenu's acts prejudicing forex conservation.
July 17, 2024 Case Laws Customs

Penalty on CHAs for not verifying exporters' KYC set aside; due diligence breach attracts CBLR provisions, not Sec 117 penalty.
July 17, 2024 Case Laws Insolvency and Bankruptcy

The Tribunal allowed the Financial Creditor to amend the date of default for computing limitation to file u/s 95.
July 17, 2024 Case Laws FEMA

FERA violations upheld for unrecovered export dues sans RBI nod. Collusion found. Penalty reduced for rationality with main defaulter.
July 17, 2024 Case Laws Money Laundering

Court upholds ED's seizure & sale of luxury vehicles bought from proceeds of crime under PMLA. Sale proceeds kept as FDs to preserve value.
July 17, 2024 Case Laws VAT and Sales Tax

Petitioner paid excess tax, Respondents illegally adjusted refund against non-existent demand. HC ordered refund of excess tax with interest.
July 17, 2024 Case Laws Indian Laws

Exemption for Market fee doesn't cover Rural Development fee. 2003 Policy doesn't exempt latter. Distinct fees under different statutes. Only Mega Projects exempted. Respondent ineligible.
July 17, 2024 Case Laws Indian Laws

Legal notice for dishonor sent on 19.12.2018. Complaint filed on 14.1.2019 before 15 days' response period, no offense u/s 138 NI Act.
July 16, 2024 Case Laws GST

E-way bills & GSTR 3B disparity for 2018-21. Non-taxable supplies caused mismatch. Remit â‚¹3.5cr, submit docs for reconsideration.
July 16, 2024 Case Laws GST

Missed 30-day deadline to file returns after best judgment assessment order u/s 62 CGST/SGST Act led to registration cancellation. Opportunity to nullify assessment by filing returns not availed.
July 16, 2024 Case Laws GST

GST on mineral mining royalty in limbo. Petitioner to reply in 4 weeks. Respondent to keep order on hold pending SC verdict as per Division Bench.
July 16, 2024 Case Laws Income Tax

STI, Samsung's Indian subsidiary, ruled an independent manufacturer, not a contract manufacturer for Samsung Korea. Received tech know-how & paid royalties. Price differences justified.
July 16, 2024 Case Laws Income Tax

Exemption u/s 10(46) valid for non-profit developmental activities, loans, investments per assigned role - not commercial profit motive.
July 16, 2024 Case Laws Income Tax

Salary earned by non-resident on foreign ship in EEZ exempt u/s 9(1)(ii). Fresh notice u/s 143(2) not mandatory for successor AO.
July 16, 2024 Case Laws Income Tax

TPO's adjustment inappropriate, CUP method reliable. Product certification expenses not taxable in India. Royalty provision allowable.
July 16, 2024 Case Laws Income Tax

Reopening invalid: AO didn't verify facts, just repeated info on unexplained credits sans evidence. Lacked independent analysis.
July 16, 2024 Case Laws Income Tax

Jurisdiction not challenged, addition u/s 68 unsustainable. Verify receipts. Notice u/s 143(2) valid despite 143(1) delay.
July 16, 2024 Case Laws Income Tax

Donations rejected sans evidence. Donors identified, some confirmed. Denied chance to produce donors. Not anonymous. Onus discharged. Improper invocation.
July 16, 2024 Case Laws Income Tax

Assessee withdrew LTCG exemption claim, offered amount as income from "Other sources" to avoid litigation; no concealment found. Penalty u/s 271(1)(c) quashed.
July 16, 2024 Case Laws Income Tax

Interest income disallowance partly allowed. Provisions & interest reapportioned based on business activity. Disallowance for tax-free bonds deleted. Non-compete fees held as capital receipts.
July 16, 2024 Case Laws Income Tax

Directors not liable u/s 179. Company can be proceeded against if struck off. Gift from NRI grandson not unexplained u/s 69A. Double addition avoided.
July 16, 2024 Case Laws Income Tax

Expenses disallowed for lack of evidence. Valuation issue dismissed. Losses disallowed, evidence required. Addition deleted. Depreciation allowed for slump sale. Liability receipt held capital.
July 16, 2024 Case Laws Income Tax

Software license fees deductible. No disallowance for own funds > tax-free investments. Recompute disallowance on tax-free income only.
July 16, 2024 Case Laws Income Tax

Order imposing 270A penalty appealable before CIT(A) u/s 246A. CIT(A) erred in dismissing appeal. ITAT set aside order to rehear appeal.
July 16, 2024 Case Laws Income Tax

Assessee surrendered unaccounted professional receipts during survey. AO accepted it as taxable income, PCIT's revision unsustainable.

1 ....74 75 76 777879 80 81 82........ 189

Quick Updates:

What's New:
Latest Case Laws

What's New:
Latest Notifications

What's New:
Latest Circulars

F: Stock damaged in recent floods

F: Time limit to upload Form GST MOV-09 on GST portal

F: Merger of two GSTIN in the same State - Procedure to be followed

F: Labour Cess applicable on cost of construction without GSt or gross cost

F: TDS dedudted after 3 years after reporting invoices in GSTR 1

N: Amendment in Notification No. 18/2021-Customs (ADD), dated the 27th Ma...

H: Penalty on concealment deleted due to lack of evidence of deliberate u...

H: Company's expenses disallowed, but no penalty as details disclosed; Tr...

H: Resolving Arbitral Tribunal's Mandate Extension: Supreme Court Allows ...

H: Court allows appeal against retrial order for evidence forgery; uphold...

H: Provisions restricting input tax credit on goods/services for construc...

H: Tax Penalty Notice Defects: Grounds Must Be Clear.

H: Taxpayer gets relief under tax dispute resolution scheme despite pendi...

H: Lack of jurisdiction for AO to invoke Sec 153C without receiving mater...

H: Writ challenging assessment dismissed; assessee availed remedy of appe...

H: Income from house property additions - ALV capped at Rs.8.39L for 2015...

H: Fraudulent employee mishandling led to embezzlement loss deductible u/...

H: Taxpayer challenges legality of vague penalty notice - CIT(Appeals) om...

H: Tax-free dividend income, interest-free funds disallowance relaxed, TD...

H: Property renovation costs wrongly disallowed; Revenue authorities over...

H: Charity trust's registration wrongly denied, court orders re-evaluatio...

F: interest lability on ITC when payment to supplier is made after 180 days

F: GST on Solar Plant

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

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

A: Difference between “License” and “Royalty”

A: Penalty proceedings under Section 130 of the CGST Act cannot be initia...

N: Inland Container Depots for loading and unloading of goods - Seeks to ...

C: Guidelines to Stock Exchanges, Clearing Corporations and Depositories

T: Supreme Court Upholds Validity of Re-Assessment Notices Issued During ...