Central Excise - Case Law - AESTHETIC PAVERS PVT LTD VERSUS CCE THANE I 2013...
Same person who reviewed the order cannot decide the appeal The adjudication order was reviewed by the then Commissioner of Central Excise Shri Bhikhoo Ram and thereafter Shri Bhikhoo Ram as...
View ArticleCentral Excise - Case Law - M s HAWKINS COOKERS LTD VERSUS COMMISSIONER OF...
Cenvat Credit Forged DEPB Scrips Extended period of limitation As per the case of CC Preventive vs Aafloat Textiles I P Ltd decided by the Apex Court vide judgment reported in 2009 2 TMI 75 SUPREME...
View ArticleCentral Excise - Case Law - ISPAT INDUSTRIES LTD VERSUS COMMISSIONER OF...
Transfer of Credit shifting of factory disallowance on the ground that capital goods were not transferred Provisions of Rule 10 3 of the Cenvat Credit Rules 2004 Held that Appellant shifted all their...
View ArticleCorporate Laws - Case Law - Victor Fernandes Versus National Stock Exchange...
Decision of NSE in granting listing and trading approval of the equity shares pursuant to its rights issue circular dated October 15 2012 challenged Held that The appellants have failed to show how the...
View ArticleCustoms - Case Law - M s G SHOE EXPORT VERSUS COMMISSIONER OF CUSTOMS EXPORT...
Time limit of stay application Commissioner denied condonation of delay Held that Appeal against order filed within prescribed time limit under Customs Act There is no time limit prescribed for filing...
View ArticleIncome Tax - Case Law - Dy Commissioner of Income tax 17 1 Mumbai Versus M s...
Increase in value of closing stock u s 145 inclusion of interest cost assessee is in the business of ship breaking industry CIT observed that there is no room to disturb the valuation of closing stock...
View ArticleIncome Tax - Case Law - Shri Gopalkrshna Narla Rao Versus Asst Commissioner...
Disallowance u s 14A r w r 8D additional ground taken before the CIT A against disallowance Held that It is not disputed that the assessee had filed the appeal well within the prescribed time The...
View ArticleIncome Tax - Case Law - Zentech India Offshore and Marine Engg Pvt Ltd Versus...
Deduction under section 10A foreign exchange gain to be treated as Income from Other sources or Profits and Gains of Business Held that The revenue authorities did not look into the account of the...
View ArticleIncome Tax - Case Law - Mr Afzal S Patel Versus A C I T Central Circle 45...
Deemed dividend u s 2 22 e whether the marginal overdrawing debit balance of the assessee director represented advance or loan to a shareholder and hence covered by the provisions of section 2 22 e...
View ArticleIncome Tax - Case Law - Shri Gagan Deep Kathuria P o M s Shivam Property...
Revision u s 263 CIT held that the assessee has made total investment of Rs 132 03 lakhs in various properties out of his undisclosed income and surrendered Rs 72 lakhs only and directing the A O to...
View ArticleIncome Tax - Case Law - DCIT 2 3 ACIT 2 3 Mumbai Versus M S Sterlite...
Deemed dividend u s 2 22 e Held that It is in undisputed fact that assessee is not a shareholder in M s Agrawal Galvanising Pvt Ltd which has advanced loan of Rs 1 88 83 665 to the assessee To bring...
View ArticleIncome Tax - Case Law - RURAL ELECTRIFICATION CORPORATION LTD VERSUS...
Reassessment u s 147 Notice for income escapement u s 148 beyond 4 years Barred by limitation whether the assesse had been given an opportunity of hearing Held that No opportunity of hearing was given...
View ArticleIncome Tax - Case Law - COMMISSIONER OF INCOME TAX OTHERS VERSUS M s SHASTHA...
Income from House Property inclusion of Notional Interest Annual letting value section 23 Whether the interest received on lease rent deposit is to be added to the actual rent agreed to be paid between...
View ArticleIncome Tax - Case Law - RAJESH KUMAR AGARWAL VERSUS INCOME TAX OFFICER...
Transfer of capital asset Agricultural land transferred to AOP and changed to industrial land Appellant contended that he and other land owners having agricultural land within that declared industrial...
View ArticleIncome Tax - Case Law - THE COMMISSIONER OF INCOME TAX VERSUS FUJISTU OPTEL...
Reassessment u s 147 True and full disclosure of facts Appellate authority held reassessment not valid since no new information brought on record Held that it is a case in which after filing of the...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Versus M s Tenneco RC...
Revision u s 263 Assessee advanced more than 46 of capital to its sister concern company Commissioner ordered re assessment owing that borrowing was made by the assessee company in its own name for...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax And Another Versus M s...
Rejection of books accounts u s 145 difference in stock statement submitted to bank Tribunal held that books of accounts cannot be rejected on the basis of discrepancies and defects found in the...
View ArticleIncome Tax - Case Law - M s Ester Industries Limited Versus Union of India...
Constitutionality of Section 115J and 115JA Minimum Alerter Tax MAT Whether these sections arbitrary and violative of Article 14 of the Constitution of India Held that Introduction of a minimum tax on...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Versus Samsung India...
MAT defective stock written off Unascertained liability adjustment to book profit u s 115JA Tribunal deleted addition on basis of previous decisions Held that No substantial question of law arises for...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax Meerut Another Versus...
Cash Credit Addition u s 68 Benamidar Tribunal concluded that three alleged depositors were income tax assessees in their own capacity and from perusal of statement of affairs filed by each of them...
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