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Highlights / Annotations / Catch Notes For 2024

Home Highlights Year 2024

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Showing 8251 to 8300 of 9406 Records

1 ....162 163 164 165166167 168 169 170........ 189

February 19, 2024 Case Laws Income Tax

Capital gain - nature of land sold - whether the land would not be covered under definition of capital asset as stated in Section 2(14)(iii)? - Despite being directed to....
February 19, 2024 Case Laws Income Tax

Addition u/s 68 - Share premium - Transaction in the nature of Capital Account - violation of the provision of Section 78(2) of the Companies Act, 1956 - The High court.....
February 19, 2024 Case Laws Income Tax

Estimation of income - bogus purchases - The Revenue argued that when purchases are proven bogus, the entire amount should be added to the income. However, the court......
February 19, 2024 Case Laws Income Tax

Refund of excess TDS deducted u/s 195 - Unjust Enrichment of the Government - whether the respondents are authorised by law to withhold the excess TDS paid by the......
February 19, 2024 Case Laws Income Tax

Disallowance u/s 80P(2)(d) - Interest income on deposits placed with Kangra Central Cooperative Bank (KCCB) Ltd. - the Tribunal found that the Assessee met the......
February 19, 2024 Case Laws Income Tax

Unexplained money u/s 69A r.w.s. 115BBE - Cash seized in search - The assessee provided a cash reconciliation statement, demonstrating that the cash balance remained......
February 19, 2024 Case Laws Income Tax

Deduction u/s 80IA - profit of Generation of electricity - notional income from savings in Low Sulphur Heavy Stock (LSHS) due to steam generation by the assessee's......
February 19, 2024 Case Laws Income Tax

Addition u/s 56(2)(viib) - issue of shares at premium - working of fair market value as per 11UA(2)(a) - The ITAT observed that Rule 11UA(2) provides an option to the......
February 19, 2024 Case Laws Income Tax

Addition u/s 68 - bogus LTCG - penny stock transaction - The ITAT observed that even though characteristics of penny stock transactions were present, there was no direct....
February 19, 2024 Case Laws Income Tax

Addition proposed in the draft assessment order as TP adjustment - Non following mandatory provisions of Sec. 144C while issuing draft assessment order - The ITAT found.....
February 19, 2024 Case Laws Customs

Validity of permitting export in violation of notification - Supply of non-basmati Indian white rice - The Revenue (Department) contended that permitting export in......
February 19, 2024 Case Laws Customs

Levy of interest u/s 28AA - short paid duty amount was paid without demur or protest and in time, on issuance of SCN - Tribunal set aside the demand for interest,......
February 19, 2024 Case Laws Customs

Classification of import of UPS - Benefit of exemption - The department observed that the imported Home UPS were actually household inverters used for running home......
February 19, 2024 Case Laws Customs

Confiscation of goods - Import of old and used worn clothing, completely fumigated / old and serviceable garments - Valuation - The Tribunal upheld the confiscation of......
February 19, 2024 Case Laws Insolvency and Bankruptcy

Extension of the CIRP period of the Corporate Debtor by 60 days - The commercial wisdom of the CoC is paramount and non-justiciable, except on limited grounds specified.....
February 19, 2024 Case Laws Insolvency and Bankruptcy

Rejection of section 7 application - Existence of financial debt or not - status of allottee for sale of plots (real estate project) - The Adjudicating Authority has......
February 19, 2024 Case Laws Insolvency and Bankruptcy

Rectification of defects in section 7 application - ambit of a Power of Attorney - Home Buyers - NCLT rejected the application for initiation of CIRP - The appellate......
February 19, 2024 Case Laws Service Tax

Negative listed service or not - Levy of service tax - renting of immovable property - renting out land and shops to traders - Agricultural Produce Market Committee -......
February 19, 2024 Case Laws VAT and Sales Tax

Valuation - Tax on Luxuries - inclusion of an amount towards ayurveda income after giving all deductions as per law in calculation of assessable value - The High Court......
February 19, 2024 Case Laws Indian Laws

Dishonour of Cheque - Petitioner is an agent of the accused no. 1 firm - vicarious liability of the petitioner - It noted that there were no specific allegations against....
February 17, 2024 Case Laws Income Tax

Capital gain computation - disallowance of interest on housing loan which has been claimed as part cost of acquisition - The ITAT upheld the CIT(A)'s decision, agreeing.....
February 17, 2024 Case Laws Income Tax

Unexplained investment in agricultural lands - loose paper seized relied upon - The ITAT found that the firm had shown the sale of some lands and offered the gain as......
February 17, 2024 Case Laws GST

Validity of assessment order - copy of the SIB report not provided to the assessee - The court held that the petitioner's version was not considered by the authorities......
February 17, 2024 Case Laws GST

Validity of assessment order - The High court notes that the assessment orders contain unreasoned findings regarding director's remuneration, miscellaneous expenses, and....
February 17, 2024 Case Laws GST

Reversal of Input Tax Credit (ITC) - The court notes that the impugned order reversed the ITC based solely on the cancellation of the supplier's registration and......
February 17, 2024 Case Laws GST

Disallowance of ITC - mismatch between GSTR-3B and GSTR- 2A - Rectification of GSTR-1 return - The Bombay High Court, considering the circumstances and precedent,......
February 17, 2024 Case Laws GST

Validity of SCN issued u/s 73 of the CGSTAct, 2017, for the tax period April, 2018 to March, 2019 to the extent of confirming demand along with interest and penalty -......
February 17, 2024 Case Laws GST

Scope of supply - Providing canteen facilities for employees - The AAR concluded that GST is not applicable on the amount recovered from permanent employees for canteen.....
February 17, 2024 Case Laws GST

Entitlement to claim input tax credit - The AAR concluded that the applicant is not entitled to claim ITC for expenses incurred specifically for the restaurant service......
February 17, 2024 Case Laws Income Tax

Entitlement to waive off the pre-deposit of 20% of the assessed tax liability being high pitched assessment - The High Courd held that, considering that the ACIT and......
February 17, 2024 Case Laws Income Tax

Revision application filed u/s 264 - Upon perusal of the documents, the High Court noted that the matter was not heard and decided on the initial date, and no notice was....
February 17, 2024 Case Laws Income Tax

Reopening of assessment - concept of change of opinion - The court agreed with the petitioner's argument, stating that the reopening of the assessment was indeed based......
February 17, 2024 Case Laws Income Tax

Unexplained expenditure u/s. 69C - Assessment u/s 153A post search - The High Court observed that the documents found and seized from the assessee’s premises were......
February 17, 2024 Case Laws Income Tax

Addition u/s 68 - Addition as income of brokerage/commission @ 2% of cash deposits as accommodation entry provider - onus to prove - The High Court concluded that the......
February 17, 2024 Case Laws Income Tax

Assessment of trust - Disallowance of revenue expenditure - The Tribunal held that, since the surplus income does not exceed 15% of the total receipts of the assessee......
February 17, 2024 Case Laws Income Tax

Entitlement to foreign tax credit - The Tribunal concludes that the filing of Form 67 is a procedural requirement and should be construed as directory rather than......
February 17, 2024 Case Laws Income Tax

Validity of Revision u/s 263 against invalid assessment - The Tribunal held that the original assessment order, being framed in the name of a deceased person, was......
February 17, 2024 Case Laws Income Tax

TDS u/s 194C - Disallowance u/s 40(a)(ia) - Non deduction of TDS on minimum guarantee expense - The Tribunal analyzed the business model of the assessee and concluded......
February 17, 2024 Case Laws Income Tax

Addition u/s 43CA - difference in the value of sale consideration of the of property as shown by the assessee and value adopted by the Sub-Registrar for stamp duty......
February 17, 2024 Case Laws Income Tax

Income taxable in India or not - FTS/FIS - payments received by the assessee from its Indian customers on account of Centralized Services - absence of PE in India - The.....
February 17, 2024 Case Laws Income Tax

Reopening of assessment u/s 147 - additions of cash deposits - The Tribunal held that, the Assessing Officer has treated the cash deposit merely on the basis of human......
February 17, 2024 Case Laws Income Tax

Black Money - Beneficial ownership - undisclosed foreign income/asset - The ITAT recognized that the investments were either made by the assessee's son or were explained....
February 17, 2024 Case Laws Income Tax

Deduction of research and development expenses claimed u/s 35(2AB) - weighted deduction - whether the expenditure claimed by the assessee is required to be approved by......
February 17, 2024 Case Laws Income Tax

TP Adjustment - comparable selection - The ITAT that the turnover filter cannot be applied as a tool for cherry picking the comparables at the later stage after......
February 17, 2024 Case Laws Customs

Import of Plastic Injection Moulds - News goods or used / second hand goods - The CESTAT observed that, The expert is not to expected to give his impressions but has to.....
February 17, 2024 Case Laws Customs

Confiscating absolutely seven gold bars having foreign make marking - Smuggling - Hyundai Verna Car - sufficient evidence to prove foreign origin goods - The Tribunal......
February 17, 2024 Case Laws Service Tax

Renting of immovable property service - Liability of Appellant (Partnership Firm) is liable to discharge service tax on property jointly owned by parents of the......
February 17, 2024 Case Laws Service Tax

Reversal of Cenvat Credit - Whether the appellant is liable to pay 5% / 6% / 7% of the value of exempted services (trading) as they failed to maintain separate accounts.....
February 17, 2024 Case Laws Service Tax

Levy of service tax - Business Auxiliary services - incentives received from M/s. Volkswagen and M/s. Castrol India - reverse charge mechanism - The tribunal found that.....
February 17, 2024 Case Laws Central Excise

CENVAT credit - capital goods installed in the distillery plant used for manufacture of Ethyl Alcohol - The CESTAT ruled in favor of the appellant, emphasizing that......

1 ....162 163 164 165166167 168 169 170........ 189

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F: Stock damaged in recent floods

F: GST on Solar Plant

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F: Transfer of ITC without filing ITC-02

F: assessment order

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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

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