The Government and RBI are Working together to address the Challenges being...
The Government and RBI are Working together to address the Challenges being Faced by the Indian Economy
View ArticleCentral Government Approves Twelve (12) Proposals of Foreign Direct...
Central Government Approves Twelve (12) Proposals of Foreign Direct Investment Amounting to about Rs. 343.99 Crore
View ArticleIncome Tax - Registration u/s 12A and 12AA - only because the Trust has not...
Income Tax - Registration u/s 12A and 12AA - only because the Trust has not commenced the activities, the Commissioner would have no authority to ipso facto reject the application for registration on...
View ArticleIncome Tax - Deduction u/s 80IB(10) - Interest received from the purchases on...
Income Tax - Deduction u/s 80IB(10) - Interest received from the purchases on delayed payments - Such receipt cannot be stated to be not arising out of the assessee s business of development of housing...
View ArticleIncome Tax - Short term Capital Gain - sale to sister concern at the rate of...
Income Tax - Short term Capital Gain - sale to sister concern at the rate of less than market value - The property sold to a third party cannot be the basis for determining the capital gain tax in...
View ArticleIncome Tax - Deduction u/s 80IA - Industrial park - Nature of Income from...
Income Tax - Deduction u/s 80IA - Industrial park - Nature of Income from renting - If they are inseparable and the intention is to carry on the business of letting out the commercial property and...
View ArticleCustoms - Penalty u/s 116 There was no requirement of proving mens rea on the...
Customs - Penalty u/s 116 There was no requirement of proving mens rea on the part of person-in-charge of conveyance - CGOVT....................
View ArticleCustoms - Import of boric acid - Subordinate legislation cannot be violative...
Customs - Import of boric acid - Subordinate legislation cannot be violative of any plenary legislation made by Parliament or the State Legislature subordinate legislation in the form of the condition...
View ArticleCustoms - Export obligation - Value Based Advance Licenses - The date of the...
Customs - Export obligation - Value Based Advance Licenses - The date of the licence by itself may not decide chronology but the date of import of the goods may be more relevant. But it is not as if...
View ArticleService Tax - Service tax on service of cargo handling - As per assessee the...
Service Tax - Service tax on service of cargo handling - As per assessee the payments received were distributed among fellow labourers, who did the same job Activity of the assessee did not constitute...
View ArticleService Tax - Classification of services under C FA or under storage and...
Service Tax - Classification of services under C FA or under storage and warehouse - Section 65A(2)(b) - Storage of frozen goods in cold storage is an inseparable part of assessee s activity of...
View ArticleService Tax - Sale of liquors - Business Auxiliary services - Commission...
Service Tax - Sale of liquors - Business Auxiliary services - Commission Within the framework of the agreements, considered in the context of the taxable BAS, as defined in Sections 65 (19) read with...
View ArticleService Tax - Intellectual Property Rights Services It is well settled that...
Service Tax - Intellectual Property Rights Services It is well settled that there is no law relating to the trade secrets or confidential information in India. Therefore, the trade secrets obtained by...
View ArticleIncome Tax - Refund by the Income-tax Department which included interest -...
Income Tax - Refund by the Income-tax Department which included interest - Revenue taxed it at 20 as per section 115A as per Article 24 of Indo-Singapore DTAA wheres assessee claimed taxation of such...
View ArticleIncome Tax - Undervaluation of closing stock - If the AO was not satisfied...
Income Tax - Undervaluation of closing stock - If the AO was not satisfied with the market value taken by the assessee, he could have taken the assistance of the expert but the AO merely rejected the...
View ArticleIncome Tax - Disallowance of rent - Tribunal viewed the entire expenditure...
Income Tax - Disallowance of rent - Tribunal viewed the entire expenditure not from the angle of prudence but from the question of genuineness thereof. It is true that such genuineness was examined on...
View ArticleCustoms - Nature of entitlement duty credit - Target Plus Scheme (TPS) - The...
Customs - Nature of entitlement duty credit - Target Plus Scheme (TPS) - The nexus has to be maintained that product group , viz., the category of the products which is exported. If the import also...
View ArticleCustoms - Amendment in the Bill of Entry - The appellant was entitled to make...
Customs - Amendment in the Bill of Entry - The appellant was entitled to make such amendment in the Bill of Entry - the declaration of proofing machine two times in the Bill of Entry is an obvious...
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