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1. Advance tax payment obligation does not apply when assessee claims agricultural land sale proceeds are exempt u/s 2(14). CIT(Appeals) should admit appeal for...

2. Initiation of CIRP - In the instant case, the covenants as mentioned in the Memorandum of Understanding dated 08.06.2015 clearly mentions and admits that the payment of...

3. Deduction of Interest liability - merely because assessee has disputed its liability it can can not be held as un-ascertained liability - interest liability of earlier...

4. Winding up petition - failure to pay the admitted liability/debt - in view liability being admitted the company is ordered to be wound up and the Provisional Liquidator...

5. Dishonor of Cheque - insufficiency of funds - The Court below has materially erred in not properly appreciating and considering the presumption in favour of...

6. Once they have admitted their liability of service tax, although the liability of service tax was not leviable, the same should be paid along with interest - AT

7. Recovery of excess tax paid which was not liable to be paid - tax payable on 'capital goods' 5% OR 14.5% - cheques issued under coercion - presumption that the...

8. TDS liability - Factoring/discounting charges cannot be treated as interest for the purpose of 194A - HC

9. Provision for future liabilities (expenses) - whether allowable - mercantile basis of accounting - held yes - HC

10. After giving voluntary statements admitting the non-payment of Service Tax and giving an undertaking to discharge the outstanding Service Tax liability, one cannot seek...

11. Winding up petition - dishonoring of cheques - The defence of KRIL for not paying IFL the admitted liability is not bona fide. - HC

12. Customs Valuation Rules 2007 - Rule 12 allows rejection of declared transaction value and re-determination u/r 9 if identical/similar goods imported at comparable...

13. Sections 132B, 140A, 153A and 234B of the Income Tax Act, 1961 were analyzed regarding adjustment of seized cash against tax liability. The appellants claimed that cash...

14. Seeking remission of amount in instalments (admitted liability) - Recovery of arrears in payment of admitted tax - In this case, while the petitioner has filed returns...

15. Levy of FBT 115WE or TDS liability u/s 192 - it is not open for it to take a contrarian stand, as it apparently does inasmuch as it admits to neither – the tax liability...