Day: June 11, 2022
45 articlesIncome Tax
Income Tax
GP margin cannot be enhanced without finding any sales/purchases not recorded in books
Income Tax
Income Tax
Section 40A(3) not applicable to cash payment for purchase of stock-in-trade
Income Tax
Income Tax
Order deleting section 68 additions after elaborate factual exercise is valid
Income Tax
Income Tax
Deduction available u/s 10B towards profits of eligible units without setting off of b/f unabsorbed depreciation/ business loss
Income Tax
Income Tax
Appeal filed by the struck off company maintainable
Income Tax
Income Tax
Profit from sale of agricultural land not includible while computing book profit
Income Tax
Income Tax
Adjustments & intimation on debatable/controversial issues is beyond section 143(1) scope
Income Tax
Income Tax
Once an appeal is filed, assessee will not be deemed as ‘assessee in default’ – Section 220(6)
Custom Duty
Custom Duty
Cenvat credit on capital goods taken and utilized vis-à-vis benefit of higher drawback rate – matter remanded
Income Tax
Income Tax
Section 271(1)(c) Penalty not sustainable if specific charge not specified
Income Tax
Income Tax
Service Tax disallowable if collected but not remitted to Government
Custom Duty
Custom Duty
Initiation of prosecution u/s 135(1)(a) of Customs Act for goods valuing less than INR 1 Crore is bad-in-law
Service Tax
Service Tax
No liability to pay service tax on toll collection as collector was not a Commission Agent
Corporate Law
Corporate Law
