Judgements and Orders, Supreme Court and High courts of India

The Revenue has preferred the present appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’) against the judgment of the Income Tax Appellate Tribunal (hereinafter referred to as the ‘Tribunal’) dated 19.05.2006

In both the writ appeals, one filed by the firm and the other by the partner of the firm, as a common question of law is involved, they are being heard together and disposed of by this common judgment.

The primary object of the Excise Act is to raise revenue for which various products are differently classified in New Tariff Act.

1. Suretech International :Held equipment for recovery and peak performance of batteries being subject matter of determination, do not form part of “ Renewable energy devices and spare parts” covered under item no. 58 of third schedule to DVAT ACT, 2

In this determination, in context of the question "What is the rate of tax upon Electric Motors and Switch gears/starters which are used as a part of Machinery”, it is held that the subject items do not find any place in any of the schedules of Act,

Bank guarantee - Appellant-bank had given an unconditional on demand bank guarantee, which was invoked within its validity period - However, an application, whereof bank was not party, was filed for stay of payment under bank guarantee - High Court g

Deemed dividend can be assessed only in hands of a person who is a shareholder of lender company. If a person is a registered shareholder but not beneficial shareholder then provisions of section 2(22)(e) would not apply and similarly if a pers

Landmark Madras High Court ruling on taxability of off-shore supply (turnkey contracts) India Italy DTAA etc.

Dismissed Assessee's Appeal: Section 80IB Deduction involved: Commercial Production Year. In our view this finding is a pure finding of fact. If that be so, according to us, no question of law, much less a substantial question of law arises for our c