Proposal of M/s Mylan Inc., USA to acquire 100 percent of the fully paid up...
Proposal of M/s Mylan Inc., USA to acquire 100 percent of the fully paid up share capital of M/s Agila Specialities Private Limited
View ArticleRBI announces clarifies on the its recently revised Overseas Direct...
RBI announces clarifies on the its recently revised Overseas Direct Investment Guidelines
View ArticleIncome Tax - Disallowance of depreciation - assessee had claimed 100 percent...
Income Tax - Disallowance of depreciation - assessee had claimed 100 percent depreciation as the project was completely abandoned later in the year 1999. Since the machinery was never put to use by the...
View ArticleIncome Tax - TDS on freight - who is liable for TDS supplier of buyer...
Income Tax - TDS on freight - who is liable for TDS supplier of buyer (Assessee) of the goods - If the supplier takes the responsibility to deliver the goods to the doorsteps of the assessee, then it...
View ArticleIncome Tax - Disallowance u/s 40A(3) r.w.r 6DD - Cash payment - as per the...
Income Tax - Disallowance u/s 40A(3) r.w.r 6DD - Cash payment - as per the amended provisions, the said provisions shall apply only if the aggregate amount of payments made to single party in a day...
View ArticleIncome Tax - Exemption u/s 11 - violation of section 11(1) and 11(1)(b) -...
Income Tax - Exemption u/s 11 - violation of section 11(1) and 11(1)(b) - Merely advertising the fact that facility of hostel, seminar halls, auditorium etc. can be used by organizations interested in...
View ArticleIncome Tax - Deduction u/s 80IB - Duty drawback refund - Nexus with profit -...
Income Tax - Deduction u/s 80IB - Duty drawback refund - Nexus with profit - Everything hinges on the findings about the degree of nexus between duty drawback receipts and the industrial undertaking,...
View ArticleIncome Tax - Undisclosed income u/s 68 - Genuineness of Gift - Tribunal erred...
Income Tax - Undisclosed income u/s 68 - Genuineness of Gift - Tribunal erred in law in dismissing the appeal only on the ground that since the 3rd Member had agreed with the Accountant Member, the...
View ArticleCentral Excise - CENVAT Credit - Separate Accounts - Prima facie it was...
Central Excise - CENVAT Credit - Separate Accounts - Prima facie it was impossible for the Appellants to maintain separate account and inventory of Zinc Skimming used for manufacture of Zinc Ingots and...
View ArticleCentral Excise - MODVAT credit - CVD paid through DEPB - Notification...
Central Excise - MODVAT credit - CVD paid through DEPB - Notification No.34/97 - In the background of DEPB Scheme and the purpose of MODVAT Scheme, we hold that availing of credit is as good as tax...
View ArticleCentral Excise - Entitlement of MODVAT Credit - Capital Goods - ownership -...
Central Excise - Entitlement of MODVAT Credit - Capital Goods - ownership - Credit availed by the Job Worker - there was no justification in the Department taking a diametrically opposite view - The...
View ArticleCentral Excise - Penalty u/s 11AC Reversal of credit before issuance of SCN -...
Central Excise - Penalty u/s 11AC Reversal of credit before issuance of SCN - he Modvat credit irregularly availed was reversed prior to the show cause notice, does not afford a good defence of good...
View ArticleCentral Excise - Cenvat credit - Input services - Nexus with Business /...
Central Excise - Cenvat credit - Input services - Nexus with Business / manufacturing activity - Where the expenditure is incurred by the company in its books of accounts there is a presumption in...
View ArticleCentral Excise - MODVAT / Cenvat Credit Capital Goods - Manufacturer versus...
Central Excise - MODVAT / Cenvat Credit Capital Goods - Manufacturer versus trader - The appellant had only acted as a trader or as an exporter in relation to the machinery purchased by it, which had...
View ArticleCompanies Law - Exclusive Right over Trademark - no one can claim exclusive...
Companies Law - Exclusive Right over Trademark - no one can claim exclusive right for the word IMPERIAL since the word IMPERIAL was only a common word - the petitioner had also registered yet another...
View ArticleVAT and Sales Tax - Penalty Proceedings u/s 4-B(5) of the Trade Tax Act, 1948...
VAT and Sales Tax - Penalty Proceedings u/s 4-B(5) of the Trade Tax Act, 1948 - The penalty may not be imposed merely because there was a technical or venial breach and not deliberately defiance of law...
View ArticleCustoms - Rejection of Transaction value - Undervaluation - Appellants had...
Customs - Rejection of Transaction value - Undervaluation - Appellants had imported the concentrate Scotch whisky for dilution and sale and not for blending - the explanation given by the appellant for...
View ArticleCustoms - Demand of differential duty - Once the assesse had admitted to...
Customs - Demand of differential duty - Once the assesse had admitted to under-valuation and mis-declaration of goods and also discharged the duty liability willingly - he cannot turn around and now...
View ArticleCustoms - Whether the goods imported by the assesses and declared as...
Customs - Whether the goods imported by the assesses and declared as raw/rough marble blocks, claiming duty free clearance against DEEC licence were actually rough Marbles or the same are limestone -...
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