Judgements and Orders, Supreme Court and High courts of India

Calculation of interest accrued on Non-Performing Assets as per Section 145 of the Income Tax Act

Poojitha Raam Vinay 27 November 2021 at 09:26

Appeal Filed by Revenue under section 260A of Income Tax Act ,1961

Posted in Income Tax | 110 Views

Disallowance of interest on capital as attributable to capital work-in-progress relying on the proviso to Section 36(1)(iii)

Poojitha Raam Vinay 27 November 2021 at 09:26

Appeal filed under Revenue 260A of Income Tax Act 1961.

Posted in Income Tax | 119 Views

When is an assessee entitled for exemption u/s 11?

Poojitha Raam Vinay 27 November 2021 at 09:26

This appeal is filed under section 260A of the Income Tax Act,1961.

Posted in Income Tax | 111 Views

Notice for re-assessment quashed by Hon'ble HC, Bombay as the Assessee fully, truly disclosed all material facts

Bimal Jain 25 November 2021 at 14:28

In M/s Ananta Landmark Pvt. Ltd. v. Deputy Commissioner of Income Tax & Ors. [W.P. (C) No. 2814 of 2019 decided on September 14, 2021] Hon'ble Bombay High Court held that for an assessment to be reopened beyond a period of four years there must an om

Posted in Income Tax | 129 Views

Taking credit and then reversing the same entry is as good as not taking the credit at all

Bimal Jain 25 November 2021 at 14:28

In M/s Hamdard (Wakf) Laboratories v. Commissioner of Customs, Central Excise & Service Tax [Order No. 70247-70248/2021 dated November 5, 2021] Allahabad Bench of Customs, Excise and Service Tax Appellate Tribunal ("CESTAT") held that in a case where

Posted in Excise | 165 Views

HC Raps revenue for failing to act on a transitional-credit claim despite directions

Bimal Jain 25 November 2021 at 14:28

In M/s Siddharth Enterprises through Anr. v. The Nodal Officer [TS-625-HC(GUJ)-2021-GST dated October 14, 2021] Hon'ble Gujarat High Court observed that the direction of this Court to allow filing of declaration in form GST TRAN-1 and GST TRAN-2 by M

Posted in GST | 147 Views

As per Consumer Protection Act losing a case on merit could not be termed as deficiency in service by the advocate: Supreme Court

Bimal Jain 24 November 2021 at 10:30

Hon’ble Supreme Court in Nandlal Lohariya v. Jagdish Chand Purohit and Ors. [S.L.P. (C) Diary No. 24842 of 2020, decided on November 8, 2021] held that in each and every case where a litigant has lost the case on merits and is not guilty of negligenc

Posted in LAW | 302 Views

Job work services such as anodizing, plating, on goods/materials belonging to registered persons attracts 12% GST

Bimal Jain 24 November 2021 at 10:30

In M/s Alcoats [KAR ADRG 62/2021 dated October 29, 2021] Karnataka Authority for Advance Ruling ("KAAR") held that job work services undertaken by M/s Alcoats ("the Applicant") by way of treatment or processing such as anodizing, plating, on the goo

Posted in GST | 163 Views

Verification of large deductions claimed u/s 54-B, 54-C, 54-D, 54-G of the Income Tax Act

Poojitha Raam Vinay 23 November 2021 at 11:18

Income Tax (“PCIT” in short ), Raipur-1 communicated to the assessee on 26.03.2021 passed under Sect ion 263 of the Income Tax Act, 1961

Posted in Income Tax | 169 Views

Deletion of disallowance of deduction u/s 80IA of the Income Tax Act, 1961

Poojitha Raam Vinay 23 November 2021 at 11:18

These two appeals by the Revenue arise out of the separate orders dated 28-10-2016 & 10-01-2017 passed by the CIT(A)-4, Pune in relation to the assessment years 2012-13 and 2013-14

Posted in Income Tax | 139 Views