Judgements and Orders, Supreme Court and High courts of India

Clearance of Damaged Goods on Payment of Duty

Garima 15 February 2008 at 14:27

Posted in Excise | 73 Views

ITAT holds RWAs are entitled to exemption under Income Tax A

Garima 15 February 2008 at 14:27

Posted in Corporate Law | 75 Views

Profits and gains from publication of books

Garima 14 February 2008 at 13:25

The assessee was engaged in the business of printing and publication of yellow pages directory. It claimed deduction under section 80Q in respect of profits derived from such business. The Assessing Officer as well as the Commissioner (Appeals) denie

Posted in Income Tax | 138 Views

Tax on sale or purchase of goods

Garima 13 February 2008 at 21:34

Appellant was an advertising agency, engaged in creating original concepts and designing advertising material filed its returns both under Finance Act, 1994 and Karnataka Value Added Tax Act, 2003. Assessing Authority completed assessment by excludin

Posted in Service Tax | 65 Views

Penalty under section 271(1)(c) is civil liability.

kavita jain 07 February 2008 at 10:13

There is a conflict of opinions between the judgments of the Division Bench of the Supreme Court in the case of Dilip N. Shroff (supra) on one hand and on the other in the case of Shriram Mutual Fund (supra). Secondly, the object behind enactment of

Posted in Income Tax | 59 Views

Speculation doesn't include derivative trading

CA Nikita 06 February 2008 at 12:42

Posted in Income Tax | 70 Views

Trust doesn't require to deduct TDS u/s 194A

CA Nikita 06 February 2008 at 12:42

Posted in Income Tax | 55 Views

TDS must be deducted on reimbursement to disattract Sec 40(a

Garima 05 February 2008 at 15:58

Assessee/appellant was a wholly owned subsidiary of Van Oord ACZ Marine Contractors BV, Netherlands [VOAMC]. It executed a dredging contract at Port Mundra for Adani Gujarat Port Ltd. in the relevant previous year and since it followed completed cont

Posted in Income Tax | 78 Views

N. I. Act, 1881, S. 138 -Sentence of imprisonment not permi

kavita jain 03 February 2008 at 12:35

Dishonour of cheque - Default in payment of fine - sentence of imprisonment not permissible - Act does not provide for sentence of imprisonment in default of payment of fine.

Posted in LAW | 83 Views