Income Tax - Remuneration to partners Deduction u s 40 b whole income...
Income Tax - Remuneration to partners Deduction u s 40 b whole income embedded in P L account of assessee is to be taken into consideration for allowing deduction of remuneration paid to partners under...
View ArticleIncome Tax - Interest on minor s income power conferred under Section 64 1A...
Income Tax - Interest on minor s income power conferred under Section 64 1A to club the minors income with income of the parent whose income is greater is legal and does not suffer from any legal...
View ArticleIncome Tax - Since the purported objective of the amendments introduced in...
Income Tax - Since the purported objective of the amendments introduced in Chapter XIX A by the 2007 Act is to streamline the proceedings before the Settlement Commission and to ensure expeditious...
View ArticleIncome Tax - Registration u s 12A Charitable purpose It cannot be said that a...
Income Tax - Registration u s 12A Charitable purpose It cannot be said that a purpose would cease to be charitable even if pubic welfare is intended to be served HC
View ArticleIncome Tax - Jurisdiction of BIFR Scaling down of interest In the case of...
Income Tax - Jurisdiction of BIFR Scaling down of interest In the case of Section 32 SICA the specific exclusion of two enactments and the express reference to Section 72A of the Income Tax Act to say...
View ArticleIncome Tax - Revision u s 263 the period of limitation provided for under sub...
Income Tax - Revision u s 263 the period of limitation provided for under sub section 2 of section 263 of the Act would begin to run from the date of the order of assessment and not from the order of...
View ArticleIncome Tax - Jurisdiction of authority Advance ruling The proposed question...
Income Tax - Jurisdiction of authority Advance ruling The proposed question framed by the Authority for determination can only relate to the tax liability of the applicant and it would be impermissible...
View ArticleCustoms - Refund of duty with interest Board s circular dated 3 June 1998...
Customs - Refund of duty with interest Board s circular dated 3 June 1998 clarifies that the refund not to be withheld on the ground that an appeal is filed against the order giving relief to an...
View ArticleCustoms - Duty Drawback demanded assessee mentioned the word supplier rather...
Customs - Duty Drawback demanded assessee mentioned the word supplier rather clearly stating the trader As such they concealed this vital information from the department with motive to avail duty...
View ArticleService Tax - Leviability of service tax whether buffer stock subsidy would...
Service Tax - Leviability of service tax whether buffer stock subsidy would be leviable to service tax the sugar factories are storing the sugar for themselves thus there cannot be any service to self...
View ArticleService Tax - Refund claim Section 26 e of SEZ Act r w Rule 31 of SEZ Rule...
Service Tax - Refund claim Section 26 e of SEZ Act r w Rule 31 of SEZ Rule Notification 9 2009 prescribes certain conditions to be fulfilled for claiming the refund there was no evidence on record...
View ArticleCentral Excise - Cenvat Credit input received from First Stage dealer It is...
Central Excise - Cenvat Credit input received from First Stage dealer It is sufficient if the assessee buys the goods from first stage dealer whose status he has checked and verified Denial of credit...
View ArticleCentral Excise - Area Based exemption Notification No 56 2002 CE dated 14 11...
Central Excise - Area Based exemption Notification No 56 2002 CE dated 14 11 02 When the entries were corrected in the Cenvat credit account and the differential amount was paid through PLA the same...
View ArticleCentral Excise - Cenvat Credit removal of inputs from DTA to SEZ without...
Central Excise - Cenvat Credit removal of inputs from DTA to SEZ without reversing credit For the purpose of accounting the goods on which Cenvat credit is taken CCR has to be considered as a complete...
View ArticleCentral Excise - Interest on reversal of cenvat credit Assessee had not taken...
Central Excise - Interest on reversal of cenvat credit Assessee had not taken or utilized the Credit but only availed wrong credit in their account books and on pointing out the mistake immediately...
View ArticleCentral Excise - Case Law - Commissioner of Central Excise Chennai II Versus...
Price inclusive of excise duty Held that Facts of this case is more similar to the facts of the case of CCE Vs Maruti Udyog Ltd 2002 2 TMI 101 Supreme Court decided by Hon ble Apex Court Impugned...
View ArticleCentral Excise - Case Law - M s Unipearl Alloys Versus CCE Chandigarh 2013 7...
Cenvat Credit Reversal Receipt from insurance company was against damage of capacitor Held that The recovery made from insurance company being related to capital goods attributable to credit of Rs 1 10...
View ArticleMisc - Case Law - Hongkong Shanghai Banking Corpn Ltd Versus Canbank...
Recovery Liability for pay order Whether Defendant proved that the pay order was issued by Plaintiffs on behalf of CMF Held that the plaintiff had proved that it had bought the securities through the...
View ArticleCorporate Laws - Case Law - Bhagwati Developers Pvt Ltd Versus Peerless...
Regulating provisions for unlisted shares Whether the shares of a public company which is an unlisted company on being transferred would attract the provisions of SCR Act Held that The transactions...
View ArticleCustoms - Case Law - IN RE THERMAX LTD 2013 7 TMI 607 GOVERNMENT OF INDIA
Duty Drawback assessee manufacture export of Industrial Boilers Vapour Absorption Chillers of various Models and Capacities for Industrial use on turnkey basis the products were huge in size these were...
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