RBI releases Discussion Paper on Banking Structure in India - The Way Forward
RBI releases Discussion Paper on Banking Structure in India - The Way Forward
View ArticleIncome Tax - Block assessment - Section 158BC and 158BD - Deduction u/s 80P -...
Income Tax - Block assessment - Section 158BC and 158BD - Deduction u/s 80P - where the addition has been made u/s 68 with respect to the undisclosed deposits, the benefit of Section 80P is not...
View ArticleIncome Tax - Addition u/s 68 - A declaration made by a person under the VDIS...
Income Tax - Addition u/s 68 - A declaration made by a person under the VDIS of certain amount and then made a claim regarding the deposit with the Bank which is not in the name of such person (but in...
View ArticleIncome Tax - Income from undisclosed sources - Transaction of sale and...
Income Tax - Income from undisclosed sources - Transaction of sale and purchase of shares - off market transaction - genuine or not - Although, it was an off market transaction but it was properly...
View ArticleIncome Tax - Transfer pricing adjustments - the comparables could not be...
Income Tax - Transfer pricing adjustments - the comparables could not be rejected only on the ground of loss making unless the losses are because of some extraordinary factors which have affected the...
View ArticleIncome Tax - Transfer pricing adjustment - Merely because the assessee had...
Income Tax - Transfer pricing adjustment - Merely because the assessee had made mistakes in computing the TP adjustment the authorities cannot follow the same blindly as they are duty bound to compute...
View ArticleIncome Tax - Deduction u/s 54B - capital gain from sale of agriculture land -...
Income Tax - Deduction u/s 54B - capital gain from sale of agriculture land - Merely because the assessee s brother has not made any claim u/s 54B that cannot be a reason for disallowing the claim of...
View ArticleIncome Tax - Revision - Jurisdiction of CIT u/s 263 - the argument of lack of...
Income Tax - Revision - Jurisdiction of CIT u/s 263 - the argument of lack of enquiry or inadequate enquiry cannot be employed where the A.O. has taken one of the possible views, showing his...
View ArticleIncome Tax - Penalty u/s 271(1)(c) of the Income Tax Act - concealment of...
Income Tax - 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...
View ArticleIncome Tax - Notice u/s 148 - AO has not recorded any reasons for...
Income Tax - Notice u/s 148 - AO has not recorded any reasons for re-assessment proceedings and merely acted on the borrowed satisfaction recorded by another AO without jurisdiction - Notice quashed -...
View ArticleIncome Tax - Disallowance the interest paid at the rate of difference between...
Income Tax - Disallowance the interest paid at the rate of difference between two average rates (of borrowing funds and lending funds from and to sister concerns) - AO has not pointed out as to how the...
View ArticleMisc - Review petition - error on record - power to correct - earlier...
Misc - Review petition - error on record - power to correct - earlier judgment suffers from error apparent on the face of record and is liable to be recalled/reviewed. The purpose of justice will not...
View ArticleCustoms - DEPB Scrips Cancelled on Being Time Expired - telegraphic release...
Customs - DEPB Scrips Cancelled on Being Time Expired - telegraphic release advice (TRA) - the validity of DEPB scrips was only one year and the grant of TRA had no significance as of now unless the...
View ArticleCustoms - The argument of the assesse that the appeal filed was time-barred...
Customs - The argument of the assesse that the appeal filed was time-barred under provisions of Section 129D failed - Fraud and justice cannot dwell together - The delay was not a matter for which the...
View ArticleCustoms - Refund of SAD - no excise duty was collected in the invoices...
Customs - Refund of SAD - no excise duty was collected in the invoices because BED is nil, hence no declaration was made on the Invoice that no credit of additional duty was taken - Failure to fulfil...
View ArticleCustoms - Waiver of pre deposit findings recorded by the adjudicating...
Customs - Waiver of pre deposit findings recorded by the adjudicating authority that the forged/tampered licences were not available even at the time of investigations and hence could not be produced -...
View ArticleService Tax - Marketing, Selling and After Sales Services - Valuation -...
Service Tax - Marketing, Selling and After Sales Services - Valuation - assesse was not paying service tax on cost of spare parts reimbursed The argument of Revenue that spare parts of motor vehicles...
View ArticleService Tax - Any activity or service like erection, commissioning and...
Service Tax - Any activity or service like erection, commissioning and installation of transmission towers and meters as also technical testing and analysis would constitute the activity of...
View ArticleService Tax - CENVAT credit - Input service of advertisement service -...
Service Tax - CENVAT credit - Input service of advertisement service - applicants outward service is only investment and advisory services rendered to the mutual funds, for which advertisement cannot...
View ArticleService Tax - Franchisee services - The department failed to show that the...
Service Tax - Franchisee services - The department failed to show that the appellant (the franchisor) granted representational rights to franchisee to sell or manufacture or provided service identified...
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