Day: August 20, 2015
35 articlesIncome Tax
Income Tax
Tribunal has power to grant stay even beyond 365 days
Income Tax
Income Tax
Addition can’t be sustained in absence of cross examination of witness
Income Tax
Income Tax
No concealment of income by the assessee if addition is merely based on deeming provision of sec 50C
Income Tax
Income Tax
When shares are not dividend bearing, no tax free income would arise. Sec. 14A would not applicable
Income Tax
Income Tax
No penalty u/s 271(1)(C), when the taxable income and tax remains the same after adjusting the addition due to concealment
Income Tax
Income Tax
Only fees paid to Registrar is capital expenditure, other expense incurred in relation to issue covered u/s 35D
Income Tax
Income Tax
Penalty u/s 271(1)(C) not leviable if substantial question of law exists
Income Tax
Income Tax
Additions made of amount surrendered after adjusting expenditure was justified
Income Tax
Income Tax
Only Investments in respect of which income is exempt to be considered in working of disallowance U/s. 14A
Service Tax
Service Tax
No Service Tax on the Amount received as Wharfage Charges- SC
Excise Duty
Excise Duty
Intention of Legislature and Purposive Construction should be Considered while interpreting a Notification- SC
Excise Duty
Excise Duty
Test of marketability satisfies on being shown that product is capable of being sold and actual sale is irrelevant- SC
Excise Duty
Excise Duty
Exemption notification to be strictly interpreted so as to leave no room for any extended meaning – SC
Income Tax
Income Tax
