Central Excise - Case Law - CCE Ahmedabad II Versus Cadila Healthcare Ltd...
Denial of credit Goods received on stock transfer basis Revenue denied credit on the basis that it was stock transfer and not sale Held that applicant received duty paid raw material on stock transfer...
View ArticleCentral Excise - Case Law - COMMISSIONER OF CENTRAL EXCISE RAIPUR VERSUS M s...
Section 11A 2 11A read with Section 11A 1A Main Respondent is manufacturer of MS Ingots M S Ingots alleged to have been cleared without payment of duty and also for imposition of penalty under Section...
View ArticleCustoms - Case Law - AUTONICS AUTOMATION INDIA PVT LTD VERSUS COMMISSIONER OF...
Valuation of imported goods Transaction Price inclusion of Trade Discount Held that purpose of appointing a distributor is to sell the goods within the specified territory If the goods are supplied to...
View ArticleIncome Tax - Case Law - M s Sang Fastners Pvt Ltd Versus A C I T 5 3 Mumbai...
Re opening of assessment second time illegalities committed in the first reassessment AO initiated proceedings for consideration of provisions of section 2 22 e deemed dividend tax the capital gains on...
View ArticleIncome Tax - Case Law - Mrs Shikha Gupta Versus Asst Commissioner of Income...
Assessment of income gain on sale of shares Short term capital gain v s business income assessee is a investor in equity stocks Held that Assessee had shown net long term capital gain from sale of...
View ArticleIncome Tax - Case Law - M s Bristlecone India Ltd Versus ACIT OSD 2 1 Mumbai...
Deduction u s 10A assessee has claimed deduction from its STP unit admitting its inability to bifurcate and provide the P L Account of the units as per AO assessee has booked all the expenses which...
View ArticleIncome Tax - Case Law - The ACIT Cir 12 3 Mumbai Versus Rita Agarwal 2013 7...
Penalty u s 271 1 c computation of Long term capital loss at Rs 1 62 52 952 as against 3 36 50 113 claimed by the assessee CIT A deleted the levy holding that the assessee had rightly claimed LTCL of...
View ArticleIncome Tax - Case Law - Dresser Rand India Private Limited Versus Dy...
Penalty u s 271 1 c disallowance of repairs and maintenance expenses treating the same as capital in nature Held that The action of the A O in allowing the depreciation on the said expenses clearly...
View ArticleIncome Tax - Case Law - Income Tax Officer Versus Shri Dhananjay V Gupta 2013...
Penalty u s 271 1 c as per AO income from commission consultancy etc received from his employer is business income instead of salary income CIT A deleted the penalty as the corresponding addition made...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax I Versus Rajesh...
Computation of capital gain Mode of computation u s 48 cost of acquisition versus CII receipt of property under gift or will Whether on the facts and in the circumstances of the case the Tribunal has...
View ArticleIncome Tax - Case Law - M S Spectrum Consultants India P Ltd Versus...
Deduction for contributions under EPF and ESI Act u s 36 whether the Assessing Authority and the revision authority were correct in disallowing the deduction towards contributions remitted by the...
View ArticleIncome Tax - Case Law - THE COMMISSIONER OF INCOME TAX OTH VERSUS M s...
Deduction u s 80HHC Premium of transfer of the export license CIT allowed partial deduction of 10 to assessee whereas Tribunal allowed full benefit Held that In order to qualify for benefit under...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax Versus M s Rayala...
Income u s 41 1 Bank waived the interest portion accrued and payable by the assessee Returns filed for A Y in which deduction claimed was held non est Tribunal held that since returns were non est...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Versus Vijay M Mahtaney...
Application of Section 70 and 74 set off of losses Exemption u s 50EC priority Whether provisions of Section 70 can only be applied when computation of capital gain is done first Held that Insertion of...
View ArticleIncome Tax - Case Law - THE COMMISSIONER OF INCOME TAX MUMBAI CITY 23 VERSUS...
Penalty u s 271 1 c Unsustainable claim Tribunal deleted penalty following previous decisions Held that Claim made by the respondent assessee that the amount attributable to the goodwill amount which...
View ArticleIncome Tax - Case Law - V Ramaiah Versus The Commissioner of Income Tax...
Block assessment Notice u s 158BD not issued Undisclosed income Tribunal made addition on account of undisclosed income Held that Two search warrants have been issued First warrant was issued in the...
View ArticleIncome Tax - Case Law - M s RR Industries Limited Versus The Income Tax...
Deduction u s 80IA 4 iii Towers in the Industrial Park rented out for software concern CIT A held that irrespective of the character of the receipt the deduction was available to assessee Tribunal...
View ArticleIncome Tax - Case Law - Director of Income tax International Taxation Versus...
Accrued income whether a sum which represented retention money for fulfillment of the contract by the assessee should be treated as accrued income Held that The assessee had not to receive the sum and...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax Versus Essar Projects...
Condonation of delay High Court rejected appeal Held that High Court ought not to have been too technical in rejecting the Notice of Motion filed by the Revenue since the Revenue could not obtain the...
View ArticleIncome Tax - Case Law - Lakshmi Card Clothing Manufacturing Co P Ltd Versus...
Penalty u s 271B delay in filing an audit report u s 44AB The fact that the surgery was performed in the year 1993 does not mean that the case of the assessee put forth through the chartered accountant...
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