IT Judgement

Penalty under section 129-Confiscation of goods-Declaration of delivery challan issued under rule 55 not made in rule 138-Validity

8 years ago

Penalty under section 129-Confiscation of goods-Declaration of delivery challan issued under rule 55 not made in rule 138-Validity Asstt. STO…

IT Judgement

Income from undisclosed sources–Addition under section 69–Unexplained investment.

8 years ago

Income from undisclosed sources–Addition under section 69–Unexplained investment. Leela Devi Bumb v. ITO Decision: Against the assessee Income from undisclosed…

IT Judgement

Classification of goods-Cryo container, also known as Liquid Nitrogen Containers-Rate of tax.

8 years ago

Inox India (P) Ltd., In re Classification of goods-Cryo container, also known as Liquid Nitrogen Containers-Rate of tax…

IT Judgement

Levy of GST-Goods sold on high seas sale basis-Taxability

8 years ago

Levy of GST-Goods sold on high seas sale basis-Taxability. BASF India Ltd., In re Decision: In assessee’s favour./p> Levy of GST-Goods…

IT Judgement

Business income or capital gains–Gain arising on sale of shares– Activity of purchase and sale of shares not being main occupation.

8 years ago

Business income or capital gains–Gain arising on sale of shares– Activity of purchase and sale of shares not being main…

IT Judgement

If “soil” is placed in trays or pots and when operations are carried out on this “soil”, which is detached from land, for production of mushrooms, could such activity be termed as agricultural activity?

8 years ago

If “soil” is placed in trays or pots and when operations are carried out on this “soil”, which is detached…

IT Judgement

ITAT Powers of Enhancement of assessment.

8 years ago

ITAT Powers of Enhancement of assessment Sanmar Speciality Chemicals Ltd. v. ITO Decision: In assessee’s favour by way of remand. Facts:…

IT Judgement

Capital gains–Deduction under section 54F–Amount not invested in Capital Gains Account Scheme within period under section 139(1)

8 years ago

Capital gains–Deduction under section 54F–Amount not invested in Capital Gains Account Scheme within period under section 139(1) Bolishetty Venkatesh v.…

IT Judgement

Brand promotion by ‘Shilpa Shetty’ not an international transaction in absence of pre-requisite agreement .

8 years ago

Brand promotion by ‘Shilpa Shetty’ not an international transaction in absence of pre-requisite agreement Facts: a) Assessee-Shilpa Shetty was resident…

IT Judgement

Salary and interest to partners is allowable under section 40(b) even in respect of addition of undisclosed profit !

8 years ago

Salary and interest to partners is allowable under section 40(b) even in respect of addition of undisclosed profit ! ACIT…

IT Judgement

Revision under section 263– Erroneous and prejudicial order–AO made proper enquiry

8 years ago

Om Art Prints v. CIT Decision: In assessee’s favour./p> Revision under section 263–Erroneous and prejudicial order—AO made proper enquiry Facts: After…

IT Judgement

Partners is required to get the books of accounts audited if interest & remuneration exceeds the specified limit !!

8 years ago

Decision: Against the assessee Penalty under section 271B–Failure to get accounts audited–Leviability–Assessee being partner in a professional firm Facts:…

IT Judgement

Where payments were made by Indian company on account of commission for procuring sales orders to non-resident from parties outside India, tax was not required to be deducted at source under section 195

8 years ago

Where payments were made by Indian company on account of commission for procuring sales orders to non-resident from parties outside…

IT Judgement

Amount received by tenant of building towards alternate accomodation during redevelopment is a “Supply” liable for GST

8 years ago

Zaver Shankarlal Bhanushali, In re Decision: Against the assessee Supply-Amount received by tenant of building towards alternate accomodation-Taxability Facts: Applicant sought…

IT Judgement

Whether medical premium for family members of employees deductible ?

8 years ago

In the Income-Tax Appellate Tribunal, Delhi Bench ‘D’, New Delhi Before : Shri Amit Shukla , Judicial Member And Shri…

IT Judgement

Petition on the basis of newspaper report – HC dismissed

8 years ago

The petitioner has filed petition to pay the GST @ 18% on complimentary tickets given for the four IPL matches…

IT Judgement

Once the (Assessing Officer) AO has called for necessary enquiries whether the (Principal Commissioner of Income Tax)PCIT can assume jurisdiction under section 263 of the Income Tax Act1961on the ground that the AO has not conducted required enquiries and alsonot applied in mind?

8 years ago

Once the (Assessing Officer) AO has called for necessary enquiries and applied his mind to a particular provision and choose…

IT Judgement

Important Judgement on Slump Sale

8 years ago

Where on sale of the property, the business of the assessee is closed down and the assets of the assessee…

IT Judgement

Penalty under section 129-Confiscation of goods-Declaration of delivery challan issued under rule 55 not made in rule 138-Validity

Income from undisclosed sources–Addition under section 69–Unexplained investment.

Classification of goods-Cryo container, also known as Liquid Nitrogen Containers-Rate of tax.

Levy of GST-Goods sold on high seas sale basis-Taxability

Business income or capital gains–Gain arising on sale of shares– Activity of purchase and sale of shares not being main occupation.

If “soil” is placed in trays or pots and when operations are carried out on this “soil”, which is detached from land, for production of mushrooms, could such activity be termed as agricultural activity?

ITAT Powers of Enhancement of assessment.

Capital gains–Deduction under section 54F–Amount not invested in Capital Gains Account Scheme within period under section 139(1)

Brand promotion by ‘Shilpa Shetty’ not an international transaction in absence of pre-requisite agreement .

Salary and interest to partners is allowable under section 40(b) even in respect of addition of undisclosed profit !

Revision under section 263– Erroneous and prejudicial order–AO made proper enquiry

Partners is required to get the books of accounts audited if interest & remuneration exceeds the specified limit !!

Where payments were made by Indian company on account of commission for procuring sales orders to non-resident from parties outside India, tax was not required to be deducted at source under section 195

Amount received by tenant of building towards alternate accomodation during redevelopment is a “Supply” liable for GST

Whether medical premium for family members of employees deductible ?

Petition on the basis of newspaper report – HC dismissed

Once the (Assessing Officer) AO has called for necessary enquiries whether the (Principal Commissioner of Income Tax)PCIT can assume jurisdiction under section 263 of the Income Tax Act1961on the ground that the AO has not conducted required enquiries and alsonot applied in mind?

Important Judgement on Slump Sale

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