Income Tax - Quantum of deduction under Section 80IA is not dependent upon...
Income Tax - Quantum of deduction under Section 80IA is not dependent upon the assessee claiming or not claiming depreciation, because, under Section 80IA the quantum of deduction has to be determined...
View ArticleIncome Tax - Deduction under section 80IB - Nature of processing charges...
Income Tax - Deduction under section 80IB - Nature of processing charges received by assessee - Assessee is engaged in the business of manufacturing of agro chemical products and seeds - cannot be said...
View ArticleIncome Tax - TDS Credit - Revenue missed out giving credit of the TDS -...
Income Tax - TDS Credit - Revenue missed out giving credit of the TDS - Revenue directed to take into account the total sum of TDS as is reflected in Form 26AS and after computing such TDS amount,...
View ArticleIncome Tax - Reason to believe for income escaping assessment under section...
Income Tax - Reason to believe for income escaping assessment under section 147 - The reasons were such which would impel an ordinary person of reasonable prudence to hold that the income escaped...
View ArticleIncome Tax - Payment to consignment agents - Non deduction of TDS -...
Income Tax - Payment to consignment agents - Non deduction of TDS - Commission versus reimbursement of expenses - Since this condition is not satisfied in the case under consideration therefore it is a...
View ArticleCentral Excise - Case Law - M/s Wockhard Ltd. Versus CCE Surat 2013 (8) TMI...
Remission under Rule 21 of the Central Excise Rules, 2002 and under Section 23 of the Customs Act Fire Accident in the in the factory and the applicant - Applicants procured the raw material as well as...
View ArticleCorporate Laws - Case Law - Gyan Dev Sadh Versus Parmeshwar Exports (P.) Ltd....
Oppression and Mismanagement - Principles of quasi partnership - Whether respondent No. 1 company was run on the basis of principles of quasi partnership - Held that - The respondents had not denied...
View ArticleCustoms - Case Law - M/s C M HUSSAIN MUBARAK CO VERSUS COMMISSIONER OF...
Confiscation of goods excessive penalty imposed department confiscated the goods and allowed its redemption on payment of a fine and penalty held that - Penalty imposed by Commissioner (Appeals) was...
View ArticleCustoms - Case Law - M/s HEWLETT PACKARD INDIA SALES PVT LTD Versus CC,...
Waiver of pre deposit of penalty u/s 114A and 114AA redemption fine u/s 125 - stay application Held that - The SRFR products were imported to meet warranty obligations and were not meant for resale -...
View ArticleCustoms - Case Law - COMMISSIONER OF CUSTOMS, CHENNAI-I VERSUS M/s MADRAS...
Leviability of duty - assessee imported and cleared a consignment of Polyether Polypol under brand name of Voranol-3010 - DC by order had decided that Voranol-3010 was leviable to safeguard duty on the...
View ArticleCustoms - Case Law - Tropical Agrosystem (India) Ltd. Versus Commissioner of...
Reduction in amount of fine and penalty - the goods were confiscated u/s 111 (d) for violation of the import control restriction - appellant paid the redemption fine, penalty and customs duty and...
View ArticleCustoms - Case Law - Malwa Cotton Industries Ltd. Versus CC, Amritsar, New...
Applicability of Notification No.04/2006 - appellant imported Indigo powder 94 percent Wettable falling under chapter 3204.1559 claiming the benefit under Notification No.04/2006 from the payment of...
View ArticleCustoms - Case Law - M/s HIMACHAL FUTURISTIC COMMUNICATION LTD VERSUS...
Escapement of duty whether there was the case as to the escapement of duty on the part of assessee department was of the view that they had artificially splited into the values to software and hardware...
View ArticleFEMA - Case Law - S. K. Jain Versus M. G. Attri 2013 (8) TMI 400 - DELHI HIGH...
Officer u/s 25 of Evidence Act - Customs Officer was under the Act of 1962 not a police officer within the meaning of Section 25 of the Evidence Act and the statements made before him by a person who...
View ArticleIncome Tax - Case Law - Anahaita Nalin Shah Versus Asst. CIT, Range 4(1),...
Sale of shares - short term capital gain v/s income from business - Held that - Both the authorities below have themselves drawn support from the assessment for the earlier years, implying the facts to...
View ArticleIncome Tax - Case Law - Unique Construction Developers Versus Asstt....
Income from house property or business income - Property let out on lease - Held that - income realized by the owner by way of rental income from a building, whether commercial building or residential,...
View ArticleIncome Tax - Case Law - Dy. Commissioner of Income Tax Rg. 8(2) Versus M/s...
Transfer pricing adjustments - Book profit for the purpose of MAT (Minimum alternate Tax) - Adjustment for the difference in capacity utilization - Selection of comparables for Transfer Pricing Held...
View ArticleIncome Tax - Case Law - The Income Tax Officer Versus Shri K. V. George 2013...
Penalty u/s 271D - violation of section 269SS - Reasonable Cause u/s 273B - receipt of loan by cash exceeding Rs. 20,000/- Held that - no penalty shall be imposable on the assessee for receiving or...
View ArticleIncome Tax - Case Law - The Bharuch Dist. Central Co-op. Bank Ltd. Versus...
Disallowance u/s 36(1) (viia) - creation of reserve for bad debts - Held that - as per the provision of section 36(1)(viia), the deduction is allowable in respect of provision for bad and doubtful...
View ArticleIncome Tax - Case Law - Asstt. Commissioner of Income Tax Versus Smt. Poonam...
Assessment u/s 153A - Addition under section 68 of Income Tax Act, as unexplained expenditure - There are entries of deposits of cash and cheques in the denominations of Rs.49,000/- and Rs.54,000/- in...
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