Customs - Case Law - M/s. MIRC Electronics Ltd. Versus Commissioner of...
Misdeclaration or mistake assessee contended that there was no misdeclaration but only for the mistake the spare parts were considered to be mis declared goods by Customs - Held that - Court approve...
View ArticleCustoms - Case Law - M/s. Kultar Exports Versus C. C. (ICD), Tughlakabad, New...
Quantum of fine and penalty whether the amount of fine and penalty could be reduced - Held that - Court did not order any reduction in fine as a result of which fine of Rs. 2 lakhs is confirmed - So...
View ArticleCustoms - Case Law - CC, New Delhi Versus M/s. Solitaire India International...
Valuation - Nature of goods - Whether the goods were of inferior quality - Revenue was of the view that Synthetic Industrial Diamond Powder imported by the appellant was not proved to be of inferior...
View ArticleCustoms - Case Law - Matwar and Co. Versus C. C., Ghaziabad 2013 (8) TMI 546...
Enhancement of Assessable Value Smuggling of Goods u/s 2(39) Confiscation of Goods u/s 111(d) - Redemption Fine and Penalty - Held that - There was no dispute about import of old and used tyres which...
View ArticleMisc - Case Law - Mittal Fresh Food Pvt. Ltd. Versus State Bank of India and...
Benefit of Rehabilitation Scheme - Writ of Mandamus - granting assistance and lending to micro, small and medium enterprises - Held that - There was serious dispute with regard to fulfillment of the...
View ArticleIncome Tax - Case Law - M/s PVR Ltd. Versus Addl. CIT, Range-14, New Delhi...
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 - Agra Development Authority Versus Commissioner of...
Cancellation of registration granted to a Charitable Trust under section 12A of the IT Act Held that - Section 12AA(3) of the Act empowers the CIT to cancel such registration if he satisfy that...
View ArticleService Tax - Case Law - Anuraj Rishi Versus CCE, Panchkula 2013 (8) TMI 550...
Condonation of delay - Document misplaced - Held that - The C.A. is the agent of the appellant and the appellant is accountable for the agents lack of diligence. There is no satisfactory cause shown...
View ArticleIncome Tax - Case Law - ATUL MADHURSINH RAMAIYA VERSUS ADDL CIT, RANGE-24(1),...
Penalty u/s. 271(1)(c) - Onus on assessee to furnish a reasonable explanation - CIT upheld penalty - Held that - assessee did not revise the statement of brought forward (or carry forward) loss/es even...
View ArticleIncome Tax - Case Law - Ramshree Steels (P.) Ltd. Versus Income-tax Officer,...
Set off of business losses - setoff of business losses with speculation gains - Held that - The restriction set out in section 73 relates only to losses of speculation business being set off against...
View ArticleIncome Tax - Case Law - Jat Education Society C/o C. R. Polytechnic Delhi...
Exemption u/s 10(23C)(iiiad) - substantial govt aid - computation of turnover of Rs.1 crore - three educational institution - Held that - Assessing Officer has considered the total receipts of three...
View ArticleIncome Tax - Case Law - Income-tax Officer Versus M/s Yash Developers 2013...
Proceedings u/s 147 - Assessee claimed deduction u/s 80IB - A.O. disallowed deduction and started proceeding u/s 147 - CIT annulled reassessment - Held that - reopening of assessment has been done in...
View ArticleIncome Tax - Case Law - Asst. Commissioner of Income Tax Versus s M/s....
Taxable event - Completion of contract - profit on sale of the flats - Year of completion of the residential complex built by a developer - CIT(Appeals) has given a categoric finding that the project...
View ArticleIncome Tax - Case Law - ACIT, Vapi Circle, Vapi Versus Shri Natraja Rao,...
Addition made on account of bogus purchases to the tune of Rs.17,59,225/- - Assessment order passed under Section 143(3) dated 30th of December, 2008 were that the assessee in individual capacity is a...
View ArticleIncome Tax - Case Law - M/s. Neelkamal Realtors and Erectors India Private...
Application of section 50C and 43CA of the Income Tax Act - stamp duty valuation Held that - On a circumspection of sub-section (1) of section 43CA, it becomes manifest that the provisions for...
View ArticleIncome Tax - Case Law - Commissioner of Income-tax, Rajkot - II Versus...
Expenditure u/s 40(a)(ia) - Tribunal held that the provisions of section 40(a)(ia) applies only to that expenditure which is payable as of 31st March and not to the expenditure which has already been...
View ArticleIncome Tax - Case Law - THE COMMISSIONER OF INCOME TAX VERSUS MYSORE CEMENTS...
Depreciation u/s 32 - Tribunal deleted disallowance - Held that - Assessee did not claim depreciation in return filed - Following decision of CIT v. Mysore Cements Ltd. 2010 (3) TMI 984 - KARNATAKA...
View ArticleIncome Tax - Case Law - Subhash Chander Versus Income Tax Officer, Ward-1,...
Best judgement assessment - Failure to furnish statement - Applicability of Sub-clause (a) of section 144(1) - Survey under section 133A of the Income Tax Act - Assessee has been avoiding the service...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Versus M/s. Relco Private...
Exemption under Section 10B - Establishment or revival of a new Export Oriented Unit - Whether on the facts and circumstances of the case, the Income Tax Appellate Tribunal was right in holding that...
View ArticleIncome Tax - Case Law - Commissioner of Income Tax Another Versus M/S Modi...
Disallowance of Advertisement expenditure enduring benefit - Held that - Neither the Assessing Officer nor the CIT(A) has disputed the revenue nature of the advertisement expenses of Rs.77,16,120/-....
View Article