Judgements and Orders, Supreme Court and High courts of India


Section 14A of the Income-Tax Act,

  CA. Amit Daga    28 March 2008 at 10:09

Posted in Income Tax |   49 Views



Interest earned from Income Tax Department & staff loans to be assessed under 'other sources'; Interest on Credit sales is business income; When profit is negative, deduction under Section 80 HHC is nil

Posted in Income Tax |   45 Views



Posted in Income Tax |   48 Views


‘completed contract method’

  CA. Amit Daga    27 March 2008 at 17:15

Posted in Income Tax |   84 Views



Posted in Excise |   59 Views


Valuation in Customs

  CA Praveen Chopra    26 March 2008 at 16:01

valuation -Merely because supplier was holding 30% of equity in share capital of buyer does not establish mutuality of interest - Burden to prove undervaluation lies on Revenue

Posted in Custom |   79 Views


Non compete fees

  CA Praveen Chopra    26 March 2008 at 14:12

Non-compete fee paid to ward off competition but no period recorded in agreement - Since no capital asset created nor any advantage of enduring nature acquired, it is business expenditure, eligible for deduction

Posted in Others |   60 Views


Service Tax Credit

  CA Praveen Chopra    26 March 2008 at 12:14

Security Services utilized by appellant for residential colony - whether eligible for Cenvat Credit - Matter remanded as Commissioner(A) has passed a non-speaking order

Posted in Service Tax |   46 Views



Central Excise - Duty paid before Show cause Notice - interest and penalty liable : Karnataka High Court

Posted in Excise |   63 Views


Software Technology Parks

  CA. Amit Daga    25 March 2008 at 10:53

Posted in Income Tax |   47 Views



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