Income Tax - Disallowance u/s 14A - assessee has suo moto disallowed sum u/s....
Income Tax - Disallowance u/s 14A - assessee has suo moto disallowed sum u/s. 14A - AO, without giving a finding as to how much administrative expenditure have been incurred to earn the exempt income,...
View ArticleIncome Tax - When CIT A and the Tribunal both concurrently came to the...
Income Tax - When CIT A and the Tribunal both concurrently came to the conclusion that there is no evidence supporting the AO s version that the assessee had invested large amount in purchase of the...
View ArticleIncome Tax - Writing off the assets - expenditure were needed to be spent by...
Income Tax - Writing off the assets - expenditure were needed to be spent by the assessee for the purpose of carrying on its business and are incidental to the business, therefore, any loss shall have...
View ArticleIncome Tax - Disallowance of Foreign Travel Expenses - since it is customary...
Income Tax - Disallowance of Foreign Travel Expenses - since it is customary in the European countries for the wives to accompany their husbands, the travelling of the wives along with their husbands...
View ArticleIncome Tax - Exemption u/s. 54F - definition of the word transfer under...
Income Tax - Exemption u/s. 54F - definition of the word transfer under section 2(47) includes situation where transaction involving allowing of possession of any immovable property in part performance...
View ArticleIncome Tax - Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and...
Income Tax - Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and fanciful claims under the garb of interpretation, are a mere pretence and not bonafide - assessees had not carried out the work but...
View ArticleIncome Tax - Exclusion u/s 10(10CC) - non-monetary perquisites - whenever tax...
Income Tax - Exclusion u/s 10(10CC) - non-monetary perquisites - whenever tax is deposited in respect of a non-monetary perquisite, provision of Section 10 (10CC) applies, thus excluding multiple stage...
View ArticleIncome Tax - Notice u/s 148 - Method of accounting questioned - it is a case...
Income Tax - Notice u/s 148 - Method of accounting questioned - it is a case of change of opinion because the method of accounting adopted by the assessee and the TDS certificates were examined by the...
View ArticleIncome Tax - Deduction u/s 80P(2)(d) - Interest Income - The provision does...
Income Tax - Deduction u/s 80P(2)(d) - Interest Income - The provision does not indicate any such adjustment in regard to interest derived from the co-operative society from its investment in any other...
View ArticleMisc - Applicability of Section 129(6) of the Customs Act on a person...
Misc - Applicability of Section 129(6) of the Customs Act on a person appointed as member(judicial) of CESTAT a person offered appointment as Judicial (Member) not be prohibited from returning to his...
View ArticleCustoms - Fixation of Brand rate of Duty Drawback - assesse was entitled to...
Customs - Fixation of Brand rate of Duty Drawback - assesse was entitled to All Industry Rate Drawback 1.1 under Heading No. 8418 as stands admitted by the original authority - the option of fixation...
View ArticleCustoms - Mis-declaration of goods - Revenue contended that assesse failed to...
Customs - Mis-declaration of goods - Revenue contended that assesse failed to disclose source of procurement of Muriate of Potash exported by shipping bills - Fraud committed against Revenue void all...
View ArticleCustoms - Valuation of imported goods - related parties u/s 14 - there should...
Customs - Valuation of imported goods - related parties u/s 14 - there should be two way interest between the buyer and seller was insufficient as the statutory requirement of buyer and seller having...
View ArticleCustoms - Whether as per Condition No.40(a) of the Notification...
Customs - 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 or not - Difference in...
View ArticleCentral Excise - Case Law - Commissioner Of Central Excise Versus Standard...
Limitation period for issue of recovery notice under section 11D of the Central Excise Act, 1944 - Respondent mill is engaged in the manufacture and clearance of made up textile articles and processed...
View ArticleCentral Excise - Case Law - Hiran Tobacco Factory And Another Versus Union Of...
Exemption of not printing MRP as per provisions of Rule 26 of LMPC Rules - Petitioner no.1 is a partnership firm engaged in manufacturing of Branded Chewing Tobacco . The petitioner no.2 is the partner...
View ArticleCustoms - Case Law - COMMISSIONER OF CUSTOMS (I), ACC, MUMBAI VERSUS...
Classification of goods assessee classified the goods under CTH and CETH 85286100 claiming the benefit of exemption under Sr. No. 17 of the Customs Notification NO. 24/2005 whether the goods were...
View ArticleCustoms - Case Law - GANESH SAW MILL VERSUS COMMISSIONER OF CUSTOMS (IMPORT),...
Refund of SAD Benefit of Notification No. 102/2007 - assessee imported teak wood logs they were cut into small pieces and sold in the market revenue was of the view that teak wood logs were converted...
View ArticleCustoms - Case Law - IN RE SUNETRA AJIT PAWAR 2013 (8) TMI 273 - SETTLEMENT...
Customs duty - Interest Fine - assesse had imported one brand new car at a declared value (CIF) and an assessable value Customs duty was also assessed - Department was of the view that the Type...
View ArticleCustoms - Case Law - MINAR EXPORTS Versus ENFORCEMENT COMMITTEE 2013 (8) TMI...
Jurisdiction and Power of Enforcement Committee - Whether the Enforcement Committee constituted under the notification had the jurisdiction and power to demand compensation and to levy a penalty Held...
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