Judgements and Orders, Supreme Court and High courts of India
Excise duty and sales tax under section 80HHC(3)
CA Praveen Chopra 24 March 2008 at 18:58
Excise duty and sales tax cannot form part of 'total turnover' u/s 80HHC(3), otherwise formula becomes unworkable : ITAT Special Bench
Input Services Credit
CA Praveen Chopra 24 March 2008 at 18:58
Exempted and dutiable services – common input services - Not maintaining separate records cannot be a ground for denying Input Service Credit in respect of service tax paid on services referred in Rule 6(5) of CCRs, 2004 : Tribunal
Section 80-IA-Synco Industries vs. ITO (Supreme Court)
CA Jonu Jain 20 March 2008 at 18:14
(a) If the assessee has suffered a loss in one unit, the same has to be set-off against the profits of the undertaking eligible for deduction u/s 80IA etc and if the resultant figure is a loss, no deduction under Chapter VI-A is allowable; (b) Whe
India-Malaysia treaty- taxed in country where income accrued
CA Jonu Jain 19 March 2008 at 18:34
The Supreme Court ruled that dividend income received from a foreign company is not liable for taxation when there is a tax treaty with the country the company is based in, which stipulates that dividend is to be taxed at source. The court has endors
Section 80IB
CA Praveen Chopra 19 March 2008 at 15:28
Profits and gains from any business of industrial undertaking - no direct nexus required between activity of an industrial undertaking and profits and gains
Section 4 -Central Excise Act 1944
CA Praveen Chopra 19 March 2008 at 14:51
“Whether the Central Excise duty is payable on the assessable value determined under Section 4 of the Central Excise Act as claimed by Respondents or with reference to M.R.P. under Section 4A of the Central Excise Act as claimed by the Revenue? – the
Closure of slaughter house during Paryushan festival of Jain
CA Jonu Jain 19 March 2008 at 14:51
SC held the resolution passed by the Standing Committee of the Municipal Corporation of Ahemdabad in relation to closure of slaughter house during Paryushan festival of Jain is valid is law.
Input credit by outdoor caterers
CA Praveen Chopra 19 March 2008 at 11:02
Food for thought – Service Tax paid by Outdoor Caterers for running Canteen Services in a factory is an Input Service for availing Credit : Tribunal
Penalty-Concealment of income
CA Praveen Chopra 16 March 2008 at 21:04
The penalty U/s 271(1)(c)of the Income Tax Act 1961 could not be imposed on the assessee since it was under a bona fide belief that income on sale of debentures was taxable as capital gains. Further such gains had been treated ascapital gains in earl
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
