Customs - Case Law - M/s Shree Maruti Shipping Agency Services, Versus CC...
Waiver of pre deposit of penalties u/s 112(a) Stay petition - Held that - Show cause notice and the earlier round of litigation that the entire case starts on the basis of clearance of consignments...
View ArticleCustoms - Case Law - M/s. Dinesh Agro Sales Versus CC Kandla 2013 (8) TMI 729...
Illegal diversion of goods. - Stay application waiver of pre deposit of penalty u/s 112(b) and 114(i) Held that - Assessee in his statement accepted that there was some illegality in clearing the...
View ArticleCustoms - Case Law - Scope Apparel Pvt. Ltd. Versus CC, Delhi 2013 (8) TMI...
Reduction of redemption fine and penalty - held that - It is an established fact on record that the machine imported enjoying customs benefit was utilized for job work which has hampered interest of...
View ArticleIncome Tax - Case Law - Sat Pal John Versus Income-tax Officer, Nakodar 2013...
Income from undisclosed sources - Gift received through NRE account - Onus to prove the genuineness of gift - CIT sustained addition - Held that - A gift normally connotes a transaction where a person...
View ArticleIncome Tax - Case Law - DEVELOPMENT CO-OPERATIVE BANK LTD VERSUS DEPUTY...
Block assessment - Section 158BC and 158BD - amount in the Bank Account and fixed deposit as unexplained credit - validity of initiation of proceedings u/s 158BC and applicability of the provisions of...
View ArticleIncome Tax - Case Law - Meenadevi N. Gupta Versus Assistant Commissioner of...
Income from undisclosed sources - Transaction of sale and purchase of shares - off market transaction - genuine or not - Held that - even in the absence of the confirmation by those share brokers one...
View ArticleIncome Tax - Case Law - Shri Nand Kishore Malani Versus Dy. CIT Central...
Unexplained investment u/s 69 - Ownership of income - Protective assessment - A.O. has concluded that the transaction in question related to purchase of beetel nut made by DTI Dinesh Tobacco Industries...
View ArticleIncome Tax - Case Law - TCL Holdings (P.) Ltd. Versus Assistant Commissioner...
Transfer pricing adjustment - Rejection of comparables - loss making companies - Held that - the comparables could not be rejected only on the ground of loss making. The cases of loss making companies...
View ArticleIncome Tax - Case Law - ADDL COMMISSIONER OF INCOME TAX (AO)RANGE-1, ALIGARH...
Denial of accumulation under section 11(2) of the Act assessee Society is running educational institute - alleged that assessee did not specify the purpose of accumulation in Form 10B - Held that -...
View ArticleIncome Tax - Case Law - Tony J Pulikal Pulickal House, Dr Xavier J Pulikkal...
Disallowance of exemption u/s 54F - investment in residential house - The dispute is with regard to the area of the land which is required for convenient enjoyment of 254.94 sq.mts of residential...
View ArticleIncome Tax - Case Law - Vodafone India Ltd. Versus Commissioner of Income...
Revision - Jurisdiction of CIT u/s 263 - According to CIT, A.O. was duty bound u/s.68 of the Act to do the enquiry of the information received from the FTD before passing it s orders, and that in fact...
View ArticleIncome Tax - Case Law - Mrs. Urmila Bhabhera Versus ACIT - 20(3) Mumbai 2013...
Treatment of short term capital gain as business income - investment in shares Assessee is an individual and proprietor of M/s. Urmi Plastics which is engaged in the business of manufacturing of PVC,...
View ArticleIncome Tax - Case Law - Smt. Pushpa Lata Bathla Versus I. T. O., Ambala 2013...
Unexplained deposit(investment) in the bank - source of cash deposited in bank - sale of property by the assessee for Rs. 56,78,751 - sale deed was executed by the GPA holder for a consideration of Rs....
View ArticleIncome Tax - Case Law - M/s. Jugendra Singh Company Versus DCIT, Circle 3(1),...
Penalty u/s 271(1)(c) of the Income Tax Act - concealment of income - AO rejected to books of accounts since 90 of expenses paid in cash and not verifiable - AO applied the net profit rate 3.1 instead...
View ArticleIncome Tax - Case Law - Manju Agarwal Versus Income-tax Officer, 1(2),...
Notice u/s 148 - Reasons to be recorded borrowed satisfaction - Held that - ITO, Agra was not having jurisdiction over the assessee, therefore, should not have recorded the reasons for reopening of...
View ArticleIncome Tax - Case Law - M/s. Velvet Holdings Pvt. Ltd. Versus Dy. CIT,...
Re-opening of assessment u/s 147 of the Income Tax Act Late filing of return Held that - There is no denial of the fact that assessee has taxable income and even admitted the same under provision of...
View ArticleIncome Tax - Case Law - A. C. I. T. -2, Agra. Versus M/s. Bhikka Mal Chottey...
Disallowance the interest paid at the rate of difference between two average rates (of borrowing funds and lending funds from and to sister concerns) without going into details of utilization of funds...
View ArticleService Tax - Case Law - CAG Enterprises Versus Commissioner of Central...
Marketing, Selling and After Sales Services - Valuation - assesse was not paying service tax on cost of spare parts reimbursed Revenue was of the view that the assesse should had paid service tax on...
View ArticleService Tax - Case Law - M/s. Noida Power Company Ltd. Versus CCE, Noida 2013...
Erection, Commissioning Installation Service u/s 65(39) r.w 65(105)(zzb) - retrospective exemption regarding transmission and distribution of electricity - assesse claimed immunity to tax on the basis...
View ArticleService Tax - Case Law - M/s. Sundaram Asset Management Company Ltd. Versus...
CENVAT credit - Input service of advertisement service - Held that - The main condition of the input service is that it has to be used for providing an output service - the output service of the...
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