Customs - Foreign Travel Tax (FTT) - Delay in Depositing the amount Applicant...
Customs - Foreign Travel Tax (FTT) - Delay in Depositing the amount Applicant had deliberately contravened the provisions of Section 38(3) of Finance Act, 1979 (FTT) - For these contraventions, the...
View ArticleService Tax - Penalty on service tax default section 76 Failure to pay...
Service Tax - Penalty on service tax default section 76 Failure to pay service tax on GTA service under reverse charge method only reason stated was that the non-payment of service tax was not willful...
View ArticleService Tax - Classification of category under Business Auxiliary Services...
Service Tax - Classification of category under Business Auxiliary Services SPV formed as a result of agreement between NHAI or State Authority and the concessionaire under the BOT arrangement, the...
View ArticleService Tax - Residential Complex u/s 65(91a) The new entry uses the very...
Service Tax - Residential Complex u/s 65(91a) The new entry uses the very same expressions defined earlier and subjected to tax but a new composition scheme for discharging liability was introduced -...
View ArticleCentral Excise - Case Law - M/s. Chouhan Construction Versus Union of India...
Entertainability of the petition Interlocutory order - Waiver of pre- deposit - Whether the Petition could be entertained under Article 227 of the Constitution of India as the same had been filed...
View ArticleCorporate Laws - Case Law - Gati Cargo Management Service Versus SBL...
Recall of Order - Creditor s Winding-up Petition u/s 433(e)/434(1)(a)/439 of the Companies Act, 1956 Held that - No case had been made out for recall of the order passed - The present application was...
View ArticleCustoms - Case Law - PRAKASH SANCHETI Versus COMMISSIONER OF CUSTOMS,...
Import of low quality rough diamonds - prohibited goods - Misdeclaration of Value Overvaluation Confiscation of goods Penalties Imposed - Revenue was of the view that the value of the rough diamonds...
View ArticleCustoms - Case Law - R. R. ENTERPRISES Versus COMMISSIONER OF CUSTOMS,...
Benefit of Notification No.25/99 - Duty liability for shortage of the quantity imported by availing the benefit of Notification No. 25/99(Cus) read with Customs (Import of Goods on Concessional Rate of...
View ArticleCustoms - Case Law - PEERLESS CONSULTANCY SERVICES PVT. LTD. Versus C. C....
DEPB - Over invoicing - Revision of PMV (Present Market Value) and FOB value Confiscation of goods u/s 113(d) Penalty u/s 114 - notice was issued u/s 124 r.w Section 113 alleging misdeclaration of...
View ArticleCustoms - Case Law - COMMISSIONER OF CENTRAL EXCISE, CUSTOMS SERVICE TAX,...
Remission of Duty - Shortage of Goods - Section 23 of the Customs Act, 1962 - Assesse had imported a consignment of Chinese Metallurgical Coke and cleared the goods for re-warehousing on the...
View ArticleCustoms - Case Law - COMMISSIONER OF CUSTOMS Versus LGW LTD. 2013 (8) TMI 510...
Clearance of the Goods for exportation as per Section 51 - dispute was with respect to the goods presented for the purpose of clearance, physical verification of the goods as envisaged u/s 51 of the...
View ArticleFEMA - Case Law - Basant Kumar Sharma Versus Government of India 2013 (8) TMI...
Status of the Petitioner - Whether the petitioner, who returned to India after six (6) years from Saudi Arabia, ought to have been granted the same facilities qua his bank accounts maintained with...
View ArticleIncome Tax - Case Law - ACIT Versus M/s Arya Bandhu, Faridabad 2013 (8) TMI...
Rejection of books of accounts - A.O. made addition on various grounds rejecting books of accounts - CIT deleted addition - Held that - assessment order of 2005-06 2006-07 and from the assessment order...
View ArticleIncome Tax - Case Law - ACIT, Circle-3(1) New Delhi Versus Bougainvillea...
Capital receipt or Revenue receipt - Entertainment tax subsidy - CIT held it as capital receipt - Held that - Ld. CIT (A) in the year before us, has deleted the disallowance by observing that similar...
View ArticleIncome Tax - Case Law - Shri Anil Bansal Versus Assistant Commissioner of...
Deemed dividend u/s 2(22)(e) - A.O. made addition on account of debit balance of account - Held that - there was opening credit balance, then debit balance occurred due to certain payments made by M/s...
View ArticleIncome Tax - Case Law - M/s. Baldiwala Brothers Versus ITO, Ward-5(1) Baroda...
Penalty u/s 271(1)(c) - Confirmation not filed - CIT reduced penalty - Held that - Assessee had furnished stock register to show the day-to-day purchase and sale of goods - addition made by the AO and...
View ArticleIncome Tax - Case Law - Paresh Contractor, Devendra Contractor Versus ITO,...
Penalty u/s 271(1)(c) - Application for reduction of penalty u/s 273A - Long term capital gain - Sale of ancestral property - CIT upheld penalty - Held that - it is seen that the penalty was deleted by...
View ArticleIncome Tax - Case Law - ACIT, Central Circle 21 Versus M/s. Chanakaya Export...
Validity of assessment proceedings - Assessment on Amalgamated company - CIT quashed assessment proceeding - Held that - assessee had amalgamated with another company and assessee had participated in...
View ArticleIncome Tax - Case Law - Gujarat Insecticides Ltd. Versus The ACIT, Bharuch,...
Disallowance of interest expenditure - CIT upheld proportionate interest - Held that - Assessee has granted interest free loan to a related party - there was sufficient fund available with the company...
View ArticleIncome Tax - Case Law - ITO 7(2)(1), Mumbai-20 Versus M/s Ramniranjan Kedia...
PF and ESIC contribution - Addition made on account of delayed payment - CIT deleted addition - Held that - if the amount is paid before filing the return under Section 139(1) then no disallowance can...
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