Judgements and Orders, Supreme Court and High courts of India


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 |   47 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 |   27 Views



Posted in Income Tax |   80 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 |   41 Views


Business Expenditure

  Garima    20 February 2008 at 15:47

Posted in Income Tax |   42 Views


Advertising Agency Commission

  Garima    20 February 2008 at 15:47

Posted in Service Tax |   44 Views


No Artificial Price to Evade Duty

  Garima    20 February 2008 at 15:47

The applicant M/s Berger Paints India Ltd. is a manufacture of paints and varnishes which are the goods notified and subjected to assessment under Section 4A of the Central Excise Act, 1944 on the basis of MRP of the product. One of the products manu

Posted in Excise |   41 Views


Unexplaines Investments

  Rahul Tibrewal    19 February 2008 at 10:14

Whether the amount of unexplained cash credits are to be added in the total income of the firm even though the amount was already included in the total income of the partners.

Posted in Income Tax |   40 Views


Capital or Revenue Receipts

  Rahul Tibrewal    19 February 2008 at 10:14

Whether compulsory deduction made by sugar cooperative societies on account of non-refundable and refundable deposits and other funds are revenue receipts liable to be taxed under the Income Tax Act.

Posted in Income Tax |   38 Views


Valuation of Stock

  Rahul Tibrewal    19 February 2008 at 10:14

Whether A.O. was justified in invoking section 145 to value closing stock at cost or market price which ever is lower where assessee had adopted the policy of valuing its closing stock at market price only.

Posted in Income Tax |   37 Views