Income Tax - Case Law - M/s. Indo Farm Industries Ltd Versus Additional...
Deduction u/s 80IC - Interest on the amounts due from dealers - Whether the income received by the assessee by way of interest on the amounts due from dealers was the income of first degree of the...
View ArticleIncome Tax - Case Law - Sumeet Taneja Versus Additional Commissioner of...
Transfer of capital or transfer of business - Sale of equity shares of the private limited company - applicability of provisions of section 28(va) - transfer of management - non-compete agreement -...
View ArticleIncome Tax - Case Law - Estee Exports P. Ltd. Versus Income-tax Officer 2013...
Unexplained income - Discrepancy in stock - Held that - in the peculiar facts and circumstances of the case, in the facts as it stand, the ground raised by the assessee deserves to be rejected. Even...
View ArticleIncome Tax - Case Law - Sh. Gurkirpal Singh, Prop. M/s. Supreme Industries...
Notice u/s 148 - Sanction of appropriate authority - Violation u/s 151(2) - Scope of Section 292BB - Benamidar - Benami Business in the name of other - Held that - On perusal of the sanction taken u/s...
View ArticleIncome Tax - Case Law - Temasek Holdings Advisors (I) P. Ltd. Versus Dy....
Non Deduction of TDS on Mark up of 21 over basic Salary - secondment of employees - Reimbursement salary and other expenses to company held in Singapore - disallowance u/s 40(a)(ia) - Held that - The...
View ArticleIncome Tax - Case Law - Shri Dhirubhai Kanjibhai Patel HUF Bal Mandir Falia,...
Sale of land after converting it into plots - Business income or capital gain - assessee HUF was having agricultural land which was converted into non-agricultural land and certain development...
View ArticleIncome Tax - Case Law - M/s. Grasim Ind. Ltd. Versus DCIT Cir. 6(3)Mumbai-20...
Allowability of premium payable redemption of bond Disallowance is made of Rs. 3,65,60,673/- - Held that - Relying upon the Tribunal s own decision in the earlier years in favor of assessee, it is held...
View ArticleIncome Tax - Case Law - Mohan Steel Limited Versus Commissioner of Income Tax...
Rejection of books of accounts - Whether Tribunal was legally correct in upholding the rejection of accounts and in sustaining the addition for sums aggregating Rs. 49,13,859/- as had been made in the...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax Versus Income Tax...
Jurisdiction of Settlement commission - Scope of the term Case - No assessment proceedings were pending on the date of application - Time to issue notice u/s 143(2) to complete the assessment under...
View ArticleIncome Tax - Case Law - Ms. Chain Versus Under Secretary, Government of...
Cost of litigation - It is an admitted fact that since the last date of hearing all the jewellery has been returned to the petitioner at Ahmadabad. Now, nothing remains with the respondents. However,...
View ArticleCentral Excise - Case Law - YASH MACHINE TOOLS Versus COMMISSIONER OF CENTRAL...
SSI Exemption under Notification No.8/2003 - Brand Name - More than one owner - Revenue was of the view that the appellants were using the brand name of another person and the factory was not located...
View ArticleCentral Excise - Case Law - RAVI CO. Versus COMMISSIONER OF CENTRAL EXCISE,...
Non - Accountal of Goods - Allegation of non-accountal of 49.960 kgs. of branded chewing tobacco under the provisions of Section 9(2) 173Q of the Central Excise Rules was concerned - there was no...
View ArticleCentral Excise - Case Law - SHIV SHAKTI TEXTILES Versus COMMISSIONER OF...
Onus to Prove the Demand - unaccounted fabrics and yarn - Whether duty demand can be sustained on the ground that the goods were found in a 100 EOU - Held that - Without discharging the responsibility...
View ArticleCentral Excise - Case Law - M/s Bridgestone India Pvt. Ltd. Versus CCE,...
Return of Cenvat credit - Commissioner confirmed such repayment of credit along with interest - Held that - appellant had already re-debited the Cenvat credit in the year 2004. As such, subsequent...
View ArticleCentral Excise - Case Law - CCE, Raipur Chattisgarh Versus M/s Special Blast...
Valuation - inclusion of Freight charges - whether the freight charges collected by the respondents for return journey of the vehicles used for transportation of explosives is required to be added in...
View ArticleCentral Excise - Case Law - CCE, Kanpur Versus M/s. Kothari Products Ltd....
Refund of duty - Whether mixing of reddish pan masala with fresh pan masala will amount to remade, refined or recondition in the context of Rule 173-L of Central Excise Rules, 1944, and whether it will...
View ArticleCentral Excise - Case Law - CCE, Chandigarh Versus M/s. Nalagarh Steel...
Area based exemption - Benefit of notifications no.49/2003 and 50/2003 - Condition of filing of declaration - Held that - The whole idea of filing a declaration and choosing an option under intimation...
View ArticleCentral Excise - Case Law - M/s Vardhman Textile Component Ltd. Versus CCE,...
Addition to assessable value - Duty on insurance claim - Held that - lower authorities have simplicitor raised the demand on the quantum of insurance claim received by the appellant. There is no doubt...
View ArticleCorporate Laws - Case Law - J. K. Cotton Spinning Wvg. Mills Co. Ltd. Versus...
Rehabilitation scheme - Demand raised by Excise Department - Whether the petitioner was liable for payment of interest and penalty as demanded by the notice Held that - The notice of demand was...
View ArticleCustoms - Case Law - VIDEOCON INTERNATIONAL LTD. Versus COMMR. OF CUS....
Duty Demand u/s 28 Condonation of delay - The show cause notice had been issued for recovery of duty after a lapse of more than 14 years - Held that - The notice was issued after the normal period of 6...
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