Judgements and Orders, Supreme Court and High courts of India



“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

Posted in Excise |   105 Views



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.

Posted in Others |   579 Views


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

Posted in Service Tax |   75 Views


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

Posted in Income Tax |   107 Views



Posted in Income Tax |   285 Views



Section 271(1)(c) of the Income-tax Act, 1961 - Penalty - For concealment of income - Assessment year 1981-82 - Whether where penalty order and order of Commissioner (Appeals) showed that no clear-cut finding had been reached as to whether penalty un

Posted in Income Tax |   77 Views


AAR on Bonus Shares - Long term

  Jagat Mehta    14 March 2008 at 16:13

Sale of originally held and bonus shares - Long-term capital gains arising to non-resident company - benefit of 10% rate u/s 112 cannot be denied : Advance Ruling Authority

Posted in Income Tax |   48 Views



Posted in VAT |   148 Views


Interest on borrowed capital

  kavita jain    13 March 2008 at 23:12

In August/September 1999, the assessee-firm granted interest free advances to its sister concerns which were disallowed by the department on the ground that the said advances were not given from the assessee’s own fund, but from the interest bearing

Posted in Income Tax |   55 Views



The assessee, a public school, had been charging concessional fees from the children of the employees studying in the school at the rate of 50 per cent in respect of the standard/normal tuition fees, ancillary fees and computer fees and at the rate o

Posted in Income Tax |   219 Views



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