Judgements and Orders, Supreme Court and High courts of India

Deemed Dividend as per sev 2(22)(e)

Rahul Tibrewal 12 March 2008 at 23:59

Posted in Income Tax | 49 Views

Voluntary contributions within the meaning of Section 12

Rahul Tibrewal 12 March 2008 at 23:59

Posted in Income Tax | 56 Views

Exempion u/s 54

Rahul Tibrewal 12 March 2008 at 23:59

Posted in Income Tax | 49 Views

enhancement of penalty equal to the amount of duty

Dayal 11 March 2008 at 23:27

For delayed payment, the appellants had also already paid the interest. Therefore, under these circumstances, the enhancement of penalty equal to the amount of duty by the Commissioner (Appeals) cannot be justified

Posted in Excise | 54 Views

Additions can be made in an illegal survey.

kavita jain 11 March 2008 at 23:27

S. 133A - Additions can be made on basis of materials collected during course of illegal survey.

Posted in Income Tax | 54 Views

Revision not justified only because A.O .has taken a view ..

kavita jain 11 March 2008 at 23:27

S. 263 - Revision - Exercise of power under S. 263 by CIT would not be justified only because Assessing Officer has taken a view in favour of assessee. -

Posted in Income Tax | 57 Views

Business expenditure- Commitment charges and finance charges

kavita jain 11 March 2008 at 23:27

The assessee-company had borrowed foreign currency loan from IDBI which in turn was refinanced by the foreign company. It paid commitment charges and finance charges to the said foreign company. The questions that arose for consideration were as to (

Posted in Income Tax | 73 Views

Control Samples- not be chargeable to duty

Dayal 11 March 2008 at 13:35

control samples as long as these are kept in the factory and not cleared from there, these will not be chargeable to duty if proper account is maintained. - Section 3 of Central Excise Act, 1944. (para 6,7)

Posted in Excise | 62 Views