Income Tax - Case Law - Vijay Kumar Ahuja, Prop. Delhi Book Store Versus...
Applicability of section 68 or u/s 41(1) Credit are shown in regard to four parties in the liability side of the Balance sheet of the Assessee - AO u/s 133 (6) of the IT Act, called for information...
View ArticleIncome Tax - Case Law - Gujarat Narmada Valley Fertilizers Co. Ltd. Versus...
Disallowance of lease rent - Held that - where the business of the assessee consists of hiring out machinery and/or where the income derived by the assessee from the hiring of such machinery is...
View ArticleIncome Tax - Case Law - ITO, Co. Ward 1 (2) Versus Agile Properties Ltd. 2013...
Addition u/s 69B - Nature of transaction - Onus to prove - Reference to valuation officer u/s 142A(1) - Held that - when undisputedly, the details of the sellers of the land to the assessee were on...
View ArticleIncome Tax - Case Law - Shri Manoj Moolchand Shah Versus The Income Tax...
Business income or Capital gain - Profit from sale of shares - AO treated the entire profit from sale of shares as Business income chargeable to tax at normal rates. - Held that - The fact that shares...
View ArticleIncome Tax - Case Law - M/s Ciba India Limited Versus Deputy Director of...
Adjustment of transfer pricing - Method of computation - Held that - In subsequent year the DRP has accepted the CUP method as the Most Appropriate Method - As no distinguishing facts have been brought...
View ArticleIncome Tax - Case Law - Lanxess India (P.) Ltd. Versus Additional...
Adjustment of transfer pricing - Non compete fees - Estimation of income - Held that - Non compete fees is paid by a party, acquiring the business for signing the not compete agreement so as to not...
View ArticleIncome Tax - Case Law - A. P. Moller Maersk A/S, C/o Maersk India Pvt. Ltd....
India-UK DTAA - income on account of slot chartering - taxable u/s 44 B OR 28 to 43 - Held that - . In so far as the business of the assessee is concerned, it is undisputed, that it is shipping...
View ArticleIncome Tax - Case Law - Smt. Vinay Sharma Versus Income-tax Officer,...
Penalty u/s 271(1)(c) - voluntary surrender of income - concealment of income or furnishing inaccurate particulars of income - Held that - In the assessment order, there is no adverse comment about the...
View ArticleIncome Tax - Case Law - AMUL RESEARCH DEVELOPMENT ASSOCIATION VERSUS INCOME...
Notice of demand u/s 156 along with notice u/s 274 read with Section 271 - Amount recovered from bank - Period of statutory period for deposit of demand reduced from 30 days to 7 days - Held that - the...
View ArticleIncome Tax - Case Law - Krishak Bharati Cooperative Limited Versus...
Disallowance u/s 36(i)(iii) - Whether assessee was liable to deduction u/s 36(1)(iii), on account of interest accrued in respect of capital converted into loan for the period 1st July, 1986 to 30th...
View ArticleCentral Excise - Case Law - M/s Symax Industrial Products Versus Commissioner...
Valuation - Demand of differential duty Whether the product development charges and the consultancy charges collected by the assesse by raising debit notes were liable to be included in the assessable...
View ArticleCentral Excise - Case Law - COMMISSIONER OF C. EX., DELHI Versus PARVEEN...
Manufacture - Classification - tobacco products - entry No. 24039910 or 24012090 - Whether unmanufactured tobacco purchased in bulk and thereafter converted into small pouches by mixing it with a lime...
View ArticleCentral Excise - Case Law - COMMISSIONER OF CENTRAL EXCISE, CHENNAI-III...
MODVAT Credit Claim - Whether the mistake committed by the assessees in not reflecting the quantum of credit in RG-23A Part II register would disentitle them from the benefit of credit of duty paid on...
View ArticleCentral Excise - Case Law - COMMISSIONER OF C. EX., JAIPUR-I Versus AGARWAL...
Manufacture - marble slabs and marble tiles - cutting of marble blocks into marble slabs - Held that - activity of polishing and ultimate conversion of blocks into polished tiles amounts to manufacture...
View ArticleCentral Excise - Case Law - M/s. J. V. Strips Ltd. Versus CCE, Delhi-III 2013...
Cenvat credit - Revenue held that the appellant is not entitled to avail cenvat credit in respect of the short quantity of H.R. Coils - Held that - shortage of coils was in respect of the weight of the...
View ArticleCentral Excise - Case Law - PHOENIX PLASTS COMPANY VERSUS COMMISSIONER OF...
Condonation of Delay - Held that - In the facts of the case and the explanation offered by the petitioner that the security agency engaged by it did not make available the order-in-Original though...
View ArticleCentral Excise - Case Law - M/s Bajaj Hindusthan Ltd. Versus Union of India...
Review of the earlier decision - whether judgment dated 8.3.2013 2013 (3) TMI 365 - ALLAHABAD HIGH COURT suffers from any error apparent on the face of the record wherein the issue was decided against...
View ArticleCorporate Laws - Case Law - Brijeshwar Jaiswal Versus Securities Exchange...
Jurisdiction of the Court - The main issue raised vide the instant petition is that Delhi Courts have no territorial jurisdiction to try and adjudicate upon the complaint case filed by the respondent...
View ArticleCustoms - Case Law - MAVI INDUSTRIES LTD. Versus COMMISSIONER OF CENTRAL...
100 EOU - debonding - duty on capital goods - Eligibility for depreciation - what should be the value on which duty can be demanded on the capital goods and whether the appellant would be eligible for...
View ArticleCustoms - Case Law - The Commissioner of Customs Cochin Versus M/s. Arihant...
Import of Second hand goods without licence - Confiscation of goods Redemption fine Commissioner (Appeals) reduced the redemption fine/penalty imposed by the original authority - import of old and used...
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