Interest Subvention Scheme Extended to the Private Sector Banks from 2013-14...
Interest Subvention Scheme Extended to the Private Sector Banks from 2013-14 Additional Interest Subvention Scheme of 3 for Farmers also Extended to 2013-14
View ArticlePenetration of Life Insurance Coverage Goes Up
Penetration of Life Insurance Coverage Goes Up
View ArticleIncome Tax - Disallowance of depreciation - Assets leased to Western Railways...
Income Tax - Disallowance of depreciation - Assets leased to Western Railways -It is not proved that assessee is only a financer and is not interested in the assets and therefore, it cannot be said as...
View ArticleIncome Tax - Whether discount on issue of Employee Stock Options is allowable...
Income Tax - Whether discount on issue of Employee Stock Options is allowable as deduction in computing the income under the head profits and gains of business? - Held Yes - Tri....................
View ArticleIncome Tax - Bad debts - It is understandable that assessee was constrained...
Income Tax - Bad debts - It is understandable that assessee was constrained to write off the advances as the same were not recoverable on account of losses suffered by the subsidiaries and in some of...
View ArticleIncome Tax - Section 50-C of the Act cannot be applied to the sale agreements...
Income Tax - Section 50-C of the Act cannot be applied to the sale agreements entered into before the introduction of the said provisions i.e before 1-4-2003 especially when delay in execution and...
View ArticleIncome Tax - The issue as to whether the said unit is eligible for deduction...
Income Tax - The issue as to whether the said unit is eligible for deduction u/s 80IB of the Act or not is required to be established with reference to the initial year and the onus on this regard is...
View ArticleIncome Tax - Legality of search seizure operations mere possession of money,...
Income Tax - Legality of search seizure operations mere possession of money, bullion, jewellery or such valuable article or thing per-se would not be sufficient to enable the competent officer to form...
View ArticleIncome Tax - Block assessment - Block period - Addition on account...
Income Tax - Block assessment - Block period - Addition on account undisclosed investment based on diary of the assessee - The money so advanced will tantamount to be the investment made by the...
View ArticleIncome Tax - Exemption of the amount received as royalty/consultancy charges...
Income Tax - Exemption of the amount received as royalty/consultancy charges under Section 80HH and Section 80-I of the Act - the consultancy has no nexus with the objects as mentioned in Section 80HH...
View ArticleIncome Tax - Period of Limitation in passing the assessment order dated...
Income Tax - Period of Limitation in passing the assessment order dated 31.12.2004 for the assessment years 1998-99 to 2002-03 - Petitioner was fully aware that the limitation for assessment was going...
View ArticleCustoms - Export obligation - failure to produce the evidence of fulfillment...
Customs - Export obligation - failure to produce the evidence of fulfillment of export obligation within 30 days - only fault at the end of the party was that they had failed in submitting any original...
View ArticleCustoms - Stay application Revenue contended that the CHA had facilitated in...
Customs - Stay application Revenue contended that the CHA had facilitated in clearing the consignments on the basis of forged/tampered licences. - forged/tampered documents not available - prima facie...
View ArticleCustoms - Mis-declaration of description of goods export of non-basmati rice...
Customs - Mis-declaration of description of goods export of non-basmati rice as basmati rice - no leniency can be made to reduce redemption fine - Tri....................
View ArticleCustoms - Disguised Attempt to Export - Department was of the view that...
Customs - Disguised Attempt to Export - Department was of the view that assesse had attempted to export 166 MTs of Muriate of Potash in the guise of industrial salt - Assesse was unable to prove prima...
View ArticleCustoms - Liability of AAI for goods misplaced or stolen - the goods...
Customs - Liability of AAI for goods misplaced or stolen - the goods belonging to the plaintiff (importer) went missing while they were in the care and custody of the defendant Authority. - AAI can not...
View ArticleService Tax - Import of service - Section 66A(2) - project office is not...
Service Tax - Import of service - Section 66A(2) - project office is not doing any work other than the work relating to the project and would get wound up once the project is completed - no a permanent...
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