Customs - Case Law - M/s. Bilwa Labs Versus Commissioner of Customs Bangalore...
Mis-declaration of goods - Revenue contended that assesse failed to disclose source of procurement of Muriate of Potash exported by shipping bills - Held that - Revenue was defrauded by the conduct of...
View ArticleCustoms - Case Law - COMMISSIONER OF CUSTOMS (I), MUMBAI VERSUS M/s SYSMEX...
Valuation of imported goods - related parties - section 14 - Department was of the view that supplier and the respondents are related person and the relationship has influenced the transaction value -...
View ArticleCustoms - Case Law - M/s. Sagar Shally Sales Versus CC Kandla 2013 (8) TMI...
Confiscation of Goods department found excess quantity of Aluminium Scrap on the first check basis in the consignment as against declared quantity by the assessee the goods were confiscated by the...
View ArticleCustoms - Case Law - ATLANTA LTD VERSUS COMMISSIONER OF CUSTOMS (I), MUMBAI...
Difference in opinion the issue was Whether as per Condition No.40(a) of the Notification No.21/2002-Cus (sl.no.230) MMRDA is Road Construction Corporation under the control of the State of Maharashtra...
View ArticleIncome Tax - Case Law - Commissioner of Income-tax-I Versus UTI Bank Ltd....
Business expenditure u/s 37(1) - Payment in Provident Fund - Disallowance u/s 14A - Held that - Tribunal deleted disallowance - Held that - if there are interest free funds available to an assessee...
View ArticleIncome Tax - Case Law - Assistant Commissioner of Income-tax -Central...
Undisclosed investment - Tribunal held there was full disclosure of all investments therefore deleted disallowance - Held that - Whether any sale consideration in excess to what was disclosed before...
View ArticleIncome Tax - Case Law - Rao Construction Pvt. Ltd. Versus Commissioner of...
Capital loss as revenue expenditure - Writing off the assets - Tribunal deleted disallowance - Held that - Requirement was of the Government to furnish the bank guarantee from the nationalized bank or...
View ArticleIncome Tax - Case Law - Commissioner of Income-tax Versus Hatish Ramanlal...
Unexplained gift u/s 68 - Gift from brother in USA - Tribunal held all details disclosed therefore deleted addition - Held that - gift was received from the brother of the assessee. Necessary details...
View ArticleIncome Tax - Case Law - COMMISSIONER OF INCOME TAX VERSUS WILLIAMSON TEA...
Disallowance of Foreign Travel Expenses - CIT upheld disallowance of Foreign Travel Expenses - Tribunal deleted disallowance - Held that - when an expenditure is claimed to have been incurred by an...
View ArticleIncome Tax - Case Law - Ms LATHA RAMACHANDRA INAMDAR VERSUS THE DEPUTY...
Exemption u/s. 54F - Tribunal declined to grant exemption - Held that - definition of the word transfer under section 2 47 of the Act includes situation where transaction involving allowing of...
View ArticleIncome Tax - Case Law - Commissioner of Gift Tax Chennai III Versus M/s. New...
Deemed gift under Gift Tax Act - Difference between the market value and the actual consideration of shares - Tribunl set aside assessment on deemed gift - Held that - assessee had only 30 days time to...
View ArticleIncome Tax - Case Law - CIT Versus HCIL KALINDEE ARSSPL 2013 (8) TMI 245 -...
Penalty u/s 271(1)(c) - Deduction u/s 80IA - Tribunal deleted penalty - Held that - For claiming deduction under Section 80IA of the Act, filing of certificate and forms signed by the Chartered...
View ArticleIncome Tax - Case Law - Assistant Director of Income Tax, (Investigation)...
Return / Release of cash seized during search - section 132A - 30 of amount seized paid as income tax and Refund of remaining amount - Held that - seized amount should not be kept idle as dead...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax IV Versus Radhe Associates...
Undisclosed income - Receipt of on-money - Addition made on account of on money receipt - Tribunal deleted addition - Held that - amount mentioned along with rates per sq.ft. of different floors on the...
View ArticleIncome Tax - Case Law - Yoshio Kubo And Others Versus Commissioner of Income...
Exclusion u/s 10(10CC) - non-monetary perquisites - where income tax paid to discharge tax obligation of employee, on his behalf is a monetary perquisite or not - Held that - only change is in...
View ArticleIncome Tax - Case Law - Select Vacations Pvt. Ltd. Versus Income Tax Officer...
Notice u/s 148 - Method of accounting questioned - Held that - The assessing officer has no power to review he has the power to reassess. But reassessment has to be based on fulfilment of certain...
View ArticleIncome Tax - Case Law - The Commissioner of Income Tax-I Versus M/s U. P....
Deduction u/s 80P(2)(d) - Interest Income - deduction in respect of whole of the amount of interest or Net income after allowing th permissible deduction - adjustment of carry forward of losses - Held...
View ArticleIncome Tax - Case Law - U. O. I And Others Versus Ajit Kumar Singh And Others...
Disciplinary proceedings against the revenue officer - Quashing of charge sheet - Curtailment of procedure - Held that - Disciplinary Authority had approved the charge-sheet on July 21, 2008, the...
View ArticleIncome Tax - Case Law - Commissioner Income Tax Versus Muzafar Nagar...
Registration u/s 12A - Tribunal followed previous decisions of Bhagwad Swarup Shri Shri Devraha Baba Memorial Sh. Hari Parmarth Dham Trust Vs. C.I.T. Dehradun 2007 (8) TMI 380 - ITAT DELHI-B directed...
View ArticleMisc - Case Law - RAMESH NAIR Versus UNION OF INDIA 2013 (8) TMI 253 -...
Applicability of Section 129(6) of the Customs Act on a person appointed as member(judicial) of CESTAT Held that - The phrase on ceasing to hold the office .. member shall include only those members...
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