Central Excise - Case Law - M/s Aarti Industries Ltd. Versus CCE Vapi 2013...
Waiver of pre-deposit Period of limitation Held that - Credit was availed for the year 2004 and the show cause notice was issued in 2010, i.e. after five years - the applicant, has a strong case on the...
View ArticleCentral Excise - Case Law - M/s Triveni Engg. Inds. Ltd. Versus CCE, Meerut...
Cenvat credit - Welding Electrodes - Commissioner disallowed cenvat credit - Held that - Welding Electrodes used for repair and maintenance of plant and machinery are eligible for cenvat credit -...
View ArticleCentral Excise - Case Law - M/s Swastik Pipes Ltd. Versus CCE, Lucknow 2013...
Clandestine Removal - Appellants are manufacturer of Black Steel Pipes and GI Pipes - During the course of physical verification 768 No. (29.500 MT) of Steel Pipes and Tubes were found short by the...
View ArticleCorporate Laws - Case Law - M/s Sicpa India Private Ltd. Versus M/s Brushman...
Pledgee s and Pledgor s Rights and duties u/s 176 - Whether the defence raised by the respondent was substantial - Section 176 of the Indian Contract Act,1872 deals with the pledgor s and pledgee s...
View ArticleCustoms - Case Law - M/s. Cyclops Groups and Others Versus The Assistant...
Mis-declaration of Goods - Prosecution - Criminal proceedings - Assesse imported consignments and cleared the same for home consumption Revenue was of the view that in order to avoid Anti-Dumping Duty...
View ArticleCustoms - Case Law - COMMISSIONER OF CUSTOMS Versus ASHOK KUMAR JAIN 2013 (8)...
Jurisdiction on the Settlement Commission - Confiscation of Goods Interest and Penalty the applicant moved the Settlement Commission under Section 127(1) Held that - Provisions relating to baggage fall...
View ArticleCustoms - Case Law - M/s VUPPALAMRITHA MAGNETIC COMPONENTS LTD VERSUS CCE ST,...
Differential custom duty - concessional rate of duty under Notification No.21/2002 and Notification No. 21/2005 - import of goods (inputs) of Chapter 84 for manufacturing mobile/cellular phones and...
View ArticleCustoms - Case Law - Niyaz Apparels Versus Commissioner of Customs, Chennai...
Condonation of delay stay application appeal was filed for condoning the delay of 534 days - Held that - The delay was of 534 days and there is no reason for details of long delay the contention of the...
View ArticleIncome Tax - Case Law - ITO, Ward 22 (4), Versus M/s. Exotique Exports 2013...
Interest expenditure paid to bankers - user of interest bearing funds for non-business activities - Held that - First Appellate Authority has deleted the disallowance on the ground that assessee has...
View ArticleIncome Tax - Case Law - Society for Development Alternatives Versus DIT(E),...
Registration u/s 12A - benefits of the research of the assessee s society was made available to the other two societies without any amounts being charged from them - Held that - the benefit of the...
View ArticleIncome Tax - Case Law - Shri Kuldeep Singh Versus ITO, New Delhi 2013 (8) TMI...
Exemption u/s 54 - Transfer of property - investment of capital gains in the new house property - deduction of expenditure in connection with sale - Held that - Payments were made by cheques to people...
View ArticleIncome Tax - Case Law - DCIT Circle 4(1) Versus M/s Jalco Financial Services...
Deduction u/s 14A - Share trading - CIT partly deleted addition - Held that - assessee has not filed any paper book or the statements of accounts - Therefore, it is not possible to factually verify the...
View ArticleIncome Tax - Case Law - Prem Daan Sansthan Versus ADIT (E), Inv. Circle II,...
Addition u/s 68 - Corpus donation - Donor was a non-resident - Proof and identity of donor - Held that - The assessee was a charitable trust and was engaged in charitable activities as held by CIT (A)....
View ArticleIncome Tax - Case Law - The Assistant Commissioner of Income Tax Versus Sri...
Penalty u/s 271(1)(c) - Computation of book profit not done u/s 115JB - CIT deleted penalty - Held that - assessee was liable to Minimum Alternate Tax. Assessee had failed to furnish a computation of...
View ArticleIncome Tax - Case Law - ACIT Versus M/s Tehri Steel Ltd. 2013 (8) TMI 326 -...
Expenditure u/s 37(1) - lottery business - A.O. made addition on account of bogus commission - whether payment of commission is against the public policy - CIT deleted addition - Held that - any...
View ArticleIncome Tax - Case Law - The Deputy Commissioner of Income Tax Versus M/s...
Notice u/s 148 - Reasons given for reassessment - CIT held reasons not sufficient and quashed reassessment proceedings - Held that - Assessee had given a detailed reply along with tariff order of CERC...
View ArticleIncome Tax - Case Law - ITO, Ward 1(1), Noida Versus Advance Valves Global...
Penalty u/s 271(1)(c) - Assessee claimed deduction u/s 80IC - CIT deleted penalty u/s 271(1)(c) but disloowed deduction u/s 80IC - Held that - deduction u/s 80IC of the Act was disallowed by the CIT...
View ArticleIncome Tax - Case Law - Shri Ram Krishan Gupta Versus DCIT, Central Circle 4,...
Difference between amount shown in agreement to sale and sale deed - Block assessment - 158BC - Addition u/s 69 - Addition made on account of purchase of property - CIT upheld addition - Held that -...
View ArticleIncome Tax - Case Law - DLF Info city Developers (Chennai) Ltd. Versus Asstt....
Deduction u/s 80IAB - transfer of bare shell building as an unauthorized operation under the SEZ Act. - co-developer agreement - A.O. and ACIT allowed deduction to assessee - CIT exercising power u/s...
View ArticleIncome Tax - Case Law - J. C. I. T., Range - 1, Aligarh Versus Sewa Education...
Deduction u/s 10(23C)(iiiad) - Assessee claimed deduction u/s 11 and 12 but CIT allowed deduction u/s 10(23C)(iiiad) also - Held that - The assessee submitted the complete details before the...
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