Judgements and Orders, Supreme Court and High courts of India

Exempion u/s 54

Rahul Tibrewal 12 March 2008 at 23:59

Posted in Income Tax | 48 Views

enhancement of penalty equal to the amount of duty

Dayal 11 March 2008 at 23:27

For delayed payment, the appellants had also already paid the interest. Therefore, under these circumstances, the enhancement of penalty equal to the amount of duty by the Commissioner (Appeals) cannot be justified

Posted in Excise | 54 Views

Additions can be made in an illegal survey.

kavita jain 11 March 2008 at 23:27

S. 133A - Additions can be made on basis of materials collected during course of illegal survey.

Posted in Income Tax | 53 Views

Revision not justified only because A.O .has taken a view ..

kavita jain 11 March 2008 at 23:27

S. 263 - Revision - Exercise of power under S. 263 by CIT would not be justified only because Assessing Officer has taken a view in favour of assessee. -

Posted in Income Tax | 57 Views

Business expenditure- Commitment charges and finance charges

kavita jain 11 March 2008 at 23:27

The assessee-company had borrowed foreign currency loan from IDBI which in turn was refinanced by the foreign company. It paid commitment charges and finance charges to the said foreign company. The questions that arose for consideration were as to (

Posted in Income Tax | 72 Views

Control Samples- not be chargeable to duty

Dayal 11 March 2008 at 13:35

control samples as long as these are kept in the factory and not cleared from there, these will not be chargeable to duty if proper account is maintained. - Section 3 of Central Excise Act, 1944. (para 6,7)

Posted in Excise | 61 Views

VALUATION - (SC) JAYANTI FOODS

Dayal 10 March 2008 at 16:37

SC delivers landmark decision on Section 4A of the CEA'44 – Assessees rejoice and the department mourns

Posted in Excise | 56 Views

Relief in case of Accidental case

pushpendra 08 March 2008 at 10:42

Posted in Others | 63 Views

Maintainability of appeal before Tribunal

Aisha 06 March 2008 at 11:00

Posted in Income Tax | 114 Views

challenges HC decision - ref. U/s 256

pushpendra 05 March 2008 at 23:14

This appeal challenges the decision of the Madras High Court in reference under section 256 (1) of the IT Act, 1961, in which the following question was referred by the Tribunal at the instance of Revenue which was adjudicated against it.

Posted in Income Tax | 62 Views