Central Excise - Stay when there is no sitting due to administrative...
Central Excise - Stay when there is no sitting due to administrative exigencies - the respondent has acted hastily and adjusted the amount without affording proper opportunity to the appellant. Under...
View ArticleCentral Excise - Penalty increased by First Appellate Authority on the appeal...
Central Excise - Penalty increased by First Appellate Authority on the appeal filed by Assessee The enhancement of penalty by the first appellate authority without issuing show cause notice to the...
View ArticleCentral Excise - Cenvat Credit - Input services - Commission paid to the...
Central Excise - Cenvat Credit - Input services - Commission paid to the foreign agents - whether the manufacturer is entitled for credit in respect of credit of Service Tax paid on commission agents...
View ArticleTax Updates - Parliament Passes the Historic Companies Bill 2012
Tax Updates - Parliament Passes the Historic Companies Bill 2012....................
View ArticleService Tax - The Service Tax Voluntary Compliance Encouragement Scheme -...
Service Tax - The Service Tax Voluntary Compliance Encouragement Scheme - clarifications....................
View ArticleIncome Tax - Procedure and criteria for selection of scrutiny cases under...
Income Tax - Procedure and criteria for selection of scrutiny cases under compulsory manual during the financial-year 2013-2014....................
View ArticleVAT and Sales Tax - LEVY of sales tax on right to enter the earmarked forest...
VAT and Sales Tax - LEVY of sales tax on right to enter the earmarked forest for the purpose of collection of lichen - Though the word royalty was used in the instant case, but, in fact, the same was...
View ArticleIncome Tax - Computation of Capital gains u/s 50 - deduction of notional...
Income Tax - Computation of Capital gains u/s 50 - deduction of notional depreciation on unused assets - When assets not is use no notional depreciation - Section 50 nowhere provides that certain...
View ArticleIncome Tax - Deduction u/s 80IC - It cannot be accepted that the assessee...
Income Tax - Deduction u/s 80IC - It cannot be accepted that the assessee should be manufacturing all the components. Further merely showing that that the profits are on higher side, is not sufficient...
View ArticleIncome Tax - Transfer pricing Adjustment u/s 92CA - The TPO has clearly erred...
Income Tax - Transfer pricing Adjustment u/s 92CA - The TPO has clearly erred in arriving at the revenues - The TPO has to reduce sales returns against sales in all the steps and cannot arbitrarily...
View ArticleIncome Tax - Deduction of additional deduction - The use of electricity in...
Income Tax - Deduction of additional deduction - The use of electricity in the manufacturing activity of the core business of the assessee is not a precondition for the grant of additional depreciation...
View ArticleIncome Tax - Case Law - Dy. Commissioner of Income tax Versus M/s. Vah Magna...
TDS u/s 194H - TDS on amount retained by banks/credit card agencies - online transactions / credit card transactions - Held that - banks make payments to the assessee after deducting certain fees as...
View ArticleIncome Tax - Case Law - Deputy Commissioner of Income Tax Bharuch Circle...
Disallowance of depreciation - Assets leased to Western Railways - transactions of lease were questioned by the Assessing Officer - Held that - it is not a case, as is appearing from different clauses...
View ArticleOrder-Instruction - SEZ - 77
Amendment to the Instruction No. 9 regarding procedure for Reimbursement of Duty (RoD) in lieu of drawback for supply of goods to SEZ developers against Indian Rupees. - SEZ
View ArticleRBI announces 35 days 34 days Cash Management Bills
RBI announces 35 days 34 days Cash Management Bills
View ArticleIncome Tax - Notice u/s 148 - The court while considering a challenge to the...
Income Tax - Notice u/s 148 - The court while considering a challenge to the reopening of assessment can always examine the existence of the belief but the sufficiency of the reasons for the belief...
View ArticleIncome Tax - Notice u/s 148 - If the reopening is sustainable on one issue,...
Income Tax - Notice u/s 148 - If the reopening is sustainable on one issue, even if on the other issue the exercise of power under section 147 of the Act is not justified, it would not make render the...
View ArticleIncome Tax - Notice u/s 148 - The Department without ever questioning filing...
Income Tax - Notice u/s 148 - The Department without ever questioning filing of such returns before a wrong officer, having accepted the tax paid under such returns, now cannot be allowed to contend...
View ArticleIncome Tax - Notice u/s 148 - Assessing Officer can form an independent...
Income Tax - Notice u/s 148 - Assessing Officer can form an independent opinion on an issue which may have been brought to his/her notice by the audit party and seek to reopen the assessment, provided...
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