Judiciary|Judicial Court System|Judiciary Law Website|CASANSAAR|P1
Middle Image
   Login  |  Register  |  Forgot Password 
Below Login Ad
Judiciary Submit Judiciary
Stock statements given to banks for availing credit facilities don't establish undervaluation of goods
Posted Date : 28-May-2015 , 05:37:58 pm | Posted By: Aarti Sharma

Civil Appeal No. 5779 of 2004 : 1. The present appeal has been preferred by the Revenue against the judgment and order dated 13-8-2003 passed by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Northern Bench, New Delhi [CCE v. Kayem Synthetics (P.) Ltd. 20...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 25

Freight would form part of transaction value if place of removal is buyer's premises
Posted Date : 28-May-2015 , 05:34:26 pm | Posted By: Aarti Sharma

A.K. Sikri, J. - Respondent is the holder of Central Excise Registration for manufacture of RCC and PSC pipes falling under Chapter Heading 6804/6807 for the first schedule to the Central Excise Tariff Act, 1985. The respondent entered into four agreements for designing, manufacturing, provi...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 18

No reassessment on basis of info of DDIT (Investigation) that cash seized from director belonged to him
Posted Date : 28-May-2015 , 05:28:19 pm | Posted By: Aarti Sharma

Sanjeev Sachdeva, J. - The petitioner, by way of the present writ petition, has challenged the order dated 23.06.2014 passed by the Assistant Commissioner of Income Tax disposing of the objections filed by the petitioner against issuance of notice under Section 148 of the Income Tax Act, 196...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 13

Penalty couldn't be upheld when revenue reviewed a matter after a whopping period of 10 years
Posted Date : 28-May-2015 , 05:23:20 pm | Posted By: Aarti Sharma

K.S. Jhaveri, J. - Tax appeal No.56 of 2014 is filed against the judgment and order dated 13.08.2003 passed by the Income Tax Appellate Tribunal, Ahmedabd (for short "the Tribunal") in ITA No.1015/Ahd/2001, whereby the appeal filed by the assessee was partly allowed by the Tribunal...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 18

Delay of more than 90 days in filing appeal before Commissioner (A) cannot be condoned even by High Court
Posted Date : 27-May-2015 , 05:50:26 pm | Posted By: Aarti Sharma

1. The Writ Petitions in W.P. Nos. 54457 and 5458 of 2015 have been filed, praying for the relief of issuance of a writ of ceriorari to call for the records pertaining to the Order-in-Original No. 15733/2011 dated 25.04.2011 of the 1st respondent and the Notice dated 01.01.2015 in C. No. HQR...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 89

Cutting of large plates into smaller size using gas cutting machines amounts to manufacture
Posted Date : 27-May-2015 , 05:48:13 pm | Posted By: Aarti Sharma

1. These appeals raise common questions of law. For the sake of convenience, we shall be eliciting the facts from Civil Appeal Nos. 6999-7000 of 2003. 2. The appellant in this case is running a proprietorship concern which is engaged in the business of cutting larger steel plates in...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 59

Karnataka VAT : Segregation of value of goods and labour of works contract isn't permissible in Composition Scheme
Posted Date : 27-May-2015 , 05:46:51 pm | Posted By: Aarti Sharma

S. Sujatha, J. - These revision petitions are filed challenging the common judgment dated 25.11.2014 passed by the Karnataka Appellate Tribunal at Bangalore. 2. The brief facts of the case are: The petitioner which is a registered dealer under the provisions of the Karnataka Val...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 58

Cessation of liability to repay loan wasn't taxable as revenue receipts as loan was raised to purchase capital asset
Posted Date : 27-May-2015 , 05:44:38 pm | Posted By: Aarti Sharma

1. This appeal by the revenue challenges the order dated 18th October, 2012 of the Income Tax Appellate Tribunal, Bench at Mumbai in Income Tax Appeal No.4263 of 2011. The assessment year is 2007-08. 2. The revenue had filed an appeal in the tribunal challenging the order dated 25th...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 101

Clearances of intermediate parts by job-worker to its principal has to be valued as per general rule of valuation
Posted Date : 26-May-2015 , 05:57:47 pm | Posted By: Aarti Sharma

A.K. Sikri, J. - The appellant/Revenue is in appeal and the challenge is to the final order dated 18-6-2003]Mahindra Ugine Steel Co. Ltd. v. CCE 2003 taxmann.com 876 (CEGAT - Mum.)] passed by the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT), West Zonal at Mumb...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 51

Haryana VAT : Levy of interest through order other than assessment order is valid, however, such practice must be avoided
Posted Date : 26-May-2015 , 05:46:19 pm | Posted By: Aarti Sharma

  Rajive Bhalla, J. - The appellant challenges orders Annexures A-13, A-13/A and A-13/B passed by the Haryana Tax Tribunal, at Chandigarh holding that the assessing authority was justified in passing the order imposing interest. 2. Counsel for the appellant submits that ass...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 59

Interest paid on borrowed funds used by dealer to buy property for his showroom was deductible
Posted Date : 26-May-2015 , 05:37:02 pm | Posted By: Aarti Sharma

S. Ravindra Bhat, J. - The appeals are admitted. Mr. Salil Aggarwal, learned counsel for the assessee accepted notice of the appeals. With consent of counsel for the parties, the appeals were finally heard for disposal. These appeals are directed against the common order of the Income Tax Ap...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 75

High Court directs ITAT to re-consider issue of allowing depreciation on goodwill
Posted Date : 25-May-2015 , 10:33:00 pm | Posted By: May I Help You.

1. Both these appeals by the assessee arise from a common order of the Income Tax Appellate Tribunal dated 28 February 2014 for assessment years 2005-06 and 2006-07. The following questions of law have been formulated in support of the appeal :— 'A. &nb...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 58

No invocation of extended period if all facts were disclosed in letter addressed to Deptt. after filing bill of entry
Posted Date : 25-May-2015 , 06:03:58 pm | Posted By: Aarti Sharma

1. The order of the Tribunal, A.S. Moloobhoy & Sons v. Commissioner of Customs (ADJ.) 2003 (162) ELT 196 (Trib. - Kol.) reveals that it has decided the case in favour of the respondents/importers on merits and also on the ground that show cause notice issued by the De...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 47

Karnataka VAT : Revisional authority cannot pass fresh assessment order as it can only direct AO to do so
Posted Date : 25-May-2015 , 06:01:58 pm | Posted By: Aarti Sharma

Vineet Saran, J. - The appellant is the company dealing in the business of manufacture of press components, sheet metal enclosures, telecommunication equipments, bus bar, heavy electrical products, automotive components and heat sinks. The dispute in the present appeals relate to the tax per...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 49

Deptt had to return bank guarantee once Director General of Foreign Trade discharged assessee’s export obligation
Posted Date : 25-May-2015 , 05:59:53 pm | Posted By: Aarti Sharma

1. On this Writ Petition under Article 226 of the Constitution of India, which sought a restraint against Respondent Nos. 2 and 3 from invoking and encashing bank guarantees/pay orders submitted by the Petitioner and also to withdraw a communication Annexure 'O' dated 5th August, 201...

Continue Reading...

Category : Custom | Comments : 0 | Hits : 97

Even refund of excess self-assessment tax paid by assessee would be entitled to interest
Posted Date : 25-May-2015 , 05:54:44 pm | Posted By: Aarti Sharma

Ajay Kumar Mittal, J. - This appeal has been preferred by the Revenue under section 260A of the Income-tax Act, 1961 (in short, "the Act"), against the order dated August 31, 2006, annexure A 3 passed by the Income-tax Appellate Tribunal, Chandigarh Bench "A" (in short, "...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 135

No mandatory pre-deposit of duty for disputes arose before August 6, 2014
Posted Date : 25-May-2015 , 08:03:10 am | Posted By: May I Help You.

1. This is a petition filed for reviewing the judgment dated 18.02.2015 in the writ petition. The petitioner had approached this Court challenging Ext.P8 order passed by the respondent under the Customs Act, 1962. Although, he had filed Ext.P9 appeal and stay petition before the Customs, Excise...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 88

Deptt. couldn't allege suppression if all facts were conveyed to it through applications/certificates
Posted Date : 22-May-2015 , 05:48:53 pm | Posted By: Aarti Sharma

1. The respondent herein is engaged in the manufacturing of air-conditioning machinery and parts thereof. Some of the air-conditioning units are manufactured by utilising the parts manufactured in the same factory were sent by it to 100 per cent Export Oriented Units without payment of duty,...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 60

Brought forward business loss is to be set-off while computing income u/s 10A
Posted Date : 22-May-2015 , 05:45:34 pm | Posted By: Aarti Sharma

S.C. Dharmadhikari, J. - These Appeals of the Revenue were on our board and after hearing both sides at length, we placed them today for passing orders. 2. The Appeals are directed against the orders passed by the Income Tax Appellate Tribunal on 16th November, 2012. 3. Ins...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 92

Doctors not entitled to gratuity and PF aren't employees of hospitals; sums paid to them would attract sec. 194J TDS
Posted Date : 22-May-2015 , 05:43:29 pm | Posted By: Aarti Sharma

Mrs. S. Sujatha, J. - Revenue is in appeal under Section 260-A of the Income Tax Act, 1961 (hereinafter referred to as 'the Act' for short) challenging the order dated 3.7.2009 passed by the Income Tax Appellate Tribunal - "B" Bench, Bangalore pertaining to the assessment y...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 202

No reassessment to disallow exp. due to TDS default by treating it as royalty if its details were disclosed earlier
Posted Date : 21-May-2015 , 06:05:35 pm | Posted By: Aarti Sharma

M.R. Shah, J. - By way of this petition under Article 226 of the Constitution of India, the petitioner - assessee has prayed for appropriate writ, order and/or direction to quash and set aside the impugned notice issued under section 148 of the Income Tax Act, 1961 dated 27/3/2014 for the A....

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 50

Condition of mandatory pre-deposit isn’t onerous as deposit is to be refunded if assessee succeeds in appeal
Posted Date : 21-May-2015 , 06:02:40 pm | Posted By: Aarti Sharma

1. The petitioner who is aggrieved by Ext.P8 order passed by the respondent, has filed Ext.P9 appeal and stay petition before the Customs Excise and Service Tax Appellate Tribunal, Bangalore. By Ext.P10 defect memo, the petitioner was informed that he would have to pay 7.5% of the duty confi...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 54

Lump sum payment made for procurement of right to use technical know-how is deductible u/s 37 and not u/s 35AB
Posted Date : 21-May-2015 , 05:59:16 pm | Posted By: Aarti Sharma

Mrs. S. Sujatha, J. - This appeal is filed by the assessee challenging the order passed by the Income Tax Appellate Tribunal (hereinafter referred to as the "Tribunal") Bangalore "B" Bench, dated 30.6.2008 pertaining to the assessment years 1992-93 and 1993-94. 2.&nbs...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 70

Delayed appeal isn’t condonable even if ITAT decides it subsequently in favour of assessee on similar issue
Posted Date : 21-May-2015 , 05:58:01 pm | Posted By: Aarti Sharma

G.S. Kulkarni, J. - The applicant has taken out this Notice of Motion seeking condonation of delay of about five years (1825 days) in filing an appeal under Section 260A of the Income Tax Act,1961 (for short "the Act") against the order dated 31.10.2008 passed by the Income Tax App...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 54

HC upheld disallowance of rent paid to relatives on failure of assessee to justify payment of excessive rent
Posted Date : 20-May-2015 , 06:01:22 pm | Posted By: Aarti Sharma

S.J. Vazifdar, Actg. CJ. - This is an appeal against the orders of the Income Tax Appellate Tribunal dated 17.02.2012 and 21.06.2013 in ITA No.1107/CHD/2010 and MA No.61/CHD/2012, respectively, in respect of Assessment Year 2007-08. The Tribunal dismissed the appellant's appeal against t...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 94

Jharkhand VAT : Inter-State stock transfer was not eligible for benefit of concessional rate of tax
Posted Date : 20-May-2015 , 06:00:10 pm | Posted By: Aarti Sharma

R. Banumathi, CJ. - In these writ petitions, the issue before us is that if a registered dealer purchases goods at concessional rate of tax for use in the manufacture or processing of goods for sale, whether he will have to do so on condition of making sales of the manufactured goods within ...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 68

Calcutta HC didn't have jurisdiction to entertain suit for specific relief in respect of land situated in Maharashtra
Posted Date : 20-May-2015 , 05:56:22 pm | Posted By: Aarti Sharma

Pinaki Chandra Ghose, J. - Leave granted. 2. This appeal has been preferred against the judgment delivered by the Division Bench of the Calcutta High Court on March 8, 2013 in A.P.O. No.180 of 2012 in Asset Reconstruction Co. (India) Ltd. v. Excel Dealcomm (P.) Ltd.&n...

Continue Reading...

Category : Corporate Laws | Comments : 0 | Hits : 50

Interest received on RBI securities even after their sale due to non-recording of change of ownership wasn’t taxable
Posted Date : 20-May-2015 , 05:51:29 pm | Posted By: Aarti Sharma

1. This petition under Article 226 of the Constitution of India challenges a notice dated 16 March, 2004 issued by respondent No.1(Assessing Officer) under Section 148 of the Income-tax Act, 1961 ("the Act") seeking to reopen the assessment for A.Y. 1997-98. This petition was admit...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 62

Haryana VAT : No revision of order after expiry of 3 years from last date of filing of annual return
Posted Date : 19-May-2015 , 05:48:33 pm | Posted By: Aarti Sharma

Ajay Kumar Mittal, J. - This order shall dispose of VATAP Nos. 132 and 162 of 2013, as according to the learned counsel for the parties, the facts and the issues involved are similar. However, the facts are being extracted from VATAP No. 132 of 2013. 2. VATAP No. 132 of 2013 has bee...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 91

Odisha VAT : Reassessment was invalid as AO failed to serve notice within time pursuant to Tribunal’s direction
Posted Date : 19-May-2015 , 05:41:19 pm | Posted By: Aarti Sharma

Indrajit Mahanty, J. - The present writ application has been filed by the petitioner-company seeking direction to Opposite Party No.1 (Sales Tax Officer, Assessment Unit, Nayagarh) to refund the amount due to the petitioner for the period from 1.4.2005 to 31.1.2006 pursuant to order dated 2....

Continue Reading...

Category : VAT | Comments : 0 | Hits : 46

Judiciary By Categories

More Categories

Hall of Fame for Judiciary

Name Pic Judiciary Rank
Vinay Sharma 2380 1
 
rupa kaushik 399 4
 
Vimmi 253 2
 
ravich 211 24
 
May I Help You. 171 3
 

Search judiciary

 
 

Get Judiciary Website For Judicial Search,Law,Court System On CASANSAAR Includes Judiciary Law,Case Laws Of Supreme Court,High Courts,ITAT,CBEC,CBDT.

 
www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback

 |   Advertise us

 |   Terms & Conditions

 |   Contact us

 |   Blog

  |   Sitemap

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon

CASANSAAR Updates

↑ Grab this Headline Animator

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.