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Displaying Judiciary 1 - 10 of 1504 in 151 pages

Service Recipient Should Not Be Burdened With Demand When Reverse Charge liability paid by Service Provider

By Nikhil Kaushik On 14 March 2014 at 13:45

Issue Under the laws governing the payment of service tax, Section 68(2) of the Finance Act, 1994, in respect of certain services, provides for shifting the liability to pay service tax to government to the service receiver instead of service pr...

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Posted in Service Tax | 8 comments | 1416 hits

Account of disallowing warrant cost & warranty cost for computing the book profit u/s 115JBV of IT Act

By Guest On 06 January 2014 at 11:32

This is a set of two revenue-s appeals for A.Y. 2004-05 and 2005-06 on the quantum assessment and the corresponding cross-objections by the assessee. Revenue has also filed appeal against deletion of penalty u/s 271(1)(c) for A.Y. 2005-06.

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Posted in LAW | 1 comments | 5161 hits

Ascertained liability allowable under the mercantile system of accounting (Principle of Consistency)

By Guest On 31 December 2013 at 11:38

The assessee is a Company and is engaged in the business of manufacturing of white crystal sugar. It filed its return of income on 25.11.2006 declaring total income of Rs.1,01,251/-. The Ld.AO complete the assessment u/s 143(3) on 31.12.2008 determin...

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Posted in LAW | 0 comments | 5549 hits

No Coercive Action for recovery of Entry Tax Dues - Calcutta High Court - Order

By CA Nitesh Kumar More On 28 December 2013 at 11:34

It is pointed out that the authorities are taking coercive steps for realization of the said amount which appears to be contrary of the order of the Division Bench, as the Division Bench directed the authorities to proceed for an assessment proceedin...

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Posted in LAW | 2 comments | 5566 hits

Penalty proceedings and assessment proceedings are two distinct and independent proceedings

By Guest On 14 December 2013 at 16:59

In brief the facts are that in this case return of income was filed by the assessee declaring a loss of Rs. 19,906/-. The assessment was completed by the A.O. u/s 143(3) of the I.T.Act at an income of Rs. 12,42,412/- by making following disallowance...

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Posted in Income Tax | 1 comments | 7283 hits

Non-disclosure of amount in the balance of loans and advances (sec 154 for making such addition is not postulated)

By Guest On 12 December 2013 at 11:41

This appeal has been preferred by the Revenue against the order of Commissioner of Income Tax(A)-III, New Delhi dated 1.11.2012 in Appeal No. 619/11-12/C.I.T.(A)-III for AY 2005-06

Posted in LAW | 0 comments | 6906 hits

Nonproduction of receipts of expenditure incurred on maintaining the corporate entity

By Guest On 09 December 2013 at 13:08

This appeal by the Revenue is directed against the order of the Ld. Commissioner of Income Tax (Appeals)-VII, New Delhi dated 24.6.2011 pertaining to assessment year 2008-09

Posted in LAW | 0 comments | 6693 hits

Quashing order passed by the CIT(A) "without providing the opportunity of being heard" to assessee

By Guest On 05 December 2013 at 11:03

A brief analysis of the study depicts that though the assessee was proceeded ex-parte, the learned CIT(A) has not decided the matter on merits.

Posted in LAW | 0 comments | 6770 hits

Disallowing the deduction claimed as amount paid towards gratuity fund for which approval from the concerned CIT is pending

By Guest On 27 November 2013 at 11:39

The assessee is in appeal against the order dated 16.09.2009 passed by the ld. CIT(A) in the matter of an assessment made by the AO u/s. 143(3) of the Income Tax Act, 1961, (-the Act-) for the A.Y. 2004-05.

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Posted in LAW | 2 comments | 7246 hits

Expenses incurred by the assessee to maintain its corporate entity are allowable

By Niyati On 22 November 2013 at 11:33

This appeal by the Revenue is directed against the order of the Ld. Commissioner of Income Tax (Appeals)-VII, New Delhi dated 24.6.2011 pertaining to assessment year 2008-09.

Posted in LAW | 3 comments | 7438 hits


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Updated on : 24/04/2014 11:18:00

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