Judgements and Orders, Supreme Court and High courts of India

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 | 100 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 | 95 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 | 86 Views

Relief in case of Accidental case

pushpendra 08 March 2008 at 10:42

Posted in Community & General | 82 Views

Maintainability of appeal before Tribunal

Aisha 06 March 2008 at 11:00

Posted in Income Tax | 143 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 | 103 Views

Refund of Cenvat credit

AMIT KHURANA 28 February 2008 at 09:35

The appellant-assessee was engaged in providing business auxiliary services and export of said services. It was availing benefit of the Cenvat credit in respect of input services used by it in the export of auxiliary services. Since it was unable to

Posted in Service Tax | 76 Views

Computer software - revenue or capital expenditure ?

CA Sudheer 26 February 2008 at 12:57

Posted in Income Tax | 110 Views

Capital Gain on Compulsory Acquisition

Arvind Mantri 25 February 2008 at 15:42

When the award of the reference court enhancing the compensation is stayed and an interim payment is ordered as condition of such stay or otherwise and is paid, pending final decision, neither of the two conditions are satisfied. The amount received

Posted in Income Tax | 86 Views