Judgements and Orders, Supreme Court and High courts of India
Penalty u/s 269SS ::
CA.Saibaburao Nanduri 25 November 2007 at 10:26
Held by the Hon`ble Court that, the A.O. must be satisfied, not arbitrarily but judiciously. In the facts and circumstances of the case, penalty levied on technical mistake committed by the assessee and due to this there is no loss of revenue, shall
Section 68 ::
CA.Saibaburao Nanduri 25 November 2007 at 10:26
Held by the Hon`ble Court that, if it be assumed that the subscribers of application money were not genuine, under no circumstances amount of share application money could be regarded as undisclosed income of the company. Therefore share application
Transfer of shares between two non-resident entities abroad
Aisha 22 November 2007 at 11:40
Advance Ruling - Transfer of shares between two non-resident entities abroad
laptop exempted additional custom duty
CA. Maulik Dattani 20 November 2007 at 15:40
Section 142(2A)
CA.Saibaburao Nanduri 20 November 2007 at 15:40
Held by the Hon`ble Court that, no authority has been given to assessing officer u/s 142(2A) of the Income tax Act to make an order for preparation of fresh books by referring the matter to an auditor under special audit. Therefore A.O. is not justif
CAPITAL GAIN ::
CA.Saibaburao Nanduri 18 November 2007 at 16:54
Held by the Hob`ble Authority that as per article 13(5) of the DTAA between India & Netherlands in case of corporate reorganisation where the transferor or transferee owned atleast 10% of the capital of the other, the capital gain on such transfers c
Business Auxiliary Service
Ravikumar.G 16 November 2007 at 23:29
BUSINESS AUXILIARY SERVICE Section 65 of the Finance Act, 1994 - Business auxiliary service - Whether where Commissioner (Appeals) held that rendering of house keeping services in academic centre by assessee would not come within ambit of ‘Busines
Tribunal & Rules
CA.Saibaburao Nanduri 15 November 2007 at 17:10
Held by the Hon`ble Court that, the Tribunal misread and misapplied rules, 19 and 20 of the 1963 Rules in holding that the assessee`s appeal not maintainable. Tribunal could have proceeded hearing the appeal ex-parte as per rule 24 but that was not d
Collection of Tax at source::
CA.Saibaburao Nanduri 13 November 2007 at 00:37
Held by the Hon`ble Court that the basic licence fees included in the bid money is not part and parcel of the purchase consideration rather it is a price for parting with the privilege in favour of highest bidder as such it is not liable for collecti
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