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Govt notifies fee payable for Registration of Assignment of Receivables

May 21, 2018 1365 Views 0 comment Print

Central Government amends Amount of fee payable for transaction to be registered under Registration of Assignment of Receivables Rules, 2012.

Addition cannot be made for mere non-production of Directors and non-furnishing of their residential address

May 20, 2018 1275 Views 0 comment Print

This appeal is filed by assessee against the Order dated 04.5.2016 passed by the Ld. CIT(A)-12, New Delhi relating to Assessment Year 2004-05 on the following grounds:-

Reopening proceedings without communicating reasons for reopening to assessee not valid

May 20, 2018 2244 Views 1 comment Print

Initiation of reopening proceedings without communicating the reasons for reopening to the assessee was not justified.

Delhi HC sets out Principles for launching prosecution U/s. 279 for late deposit of TDS

May 20, 2018 4278 Views 0 comment Print

Indo Arya Central Transport Limited Vs. CIT (Delhi High Court) M/s Indo Arya Central Transport Limited have filed the present writ petition praying for the following reliefs:- “(a) Issue a writ of certiorari setting aside/quashing the impugned order dated 14.03.2017 passed by the Respondent No. 1; (b) Restrain the Respondent No. 1 and the officers […]

No Revision U/s. 264 possible if Assessee Failed to point out mistake apparent on the face of record

May 20, 2018 1539 Views 0 comment Print

Where revision application was filed by assessee, however, assessee had not been able to point out any error, which was apparent on the face of the order but the attempt appeared to be re-arguing the entire matter which is impermissible, accordingly, the review application was dismissed.

No input Tax Credit of Education, SHE & Krishi Kalyan cess under GST

May 19, 2018 11136 Views 0 comment Print

Appellant not eligible to avail input tax credit against unutilised cenvat credit such as Education cess, Secondary & Higher secondary Education cess & Krishi Kalyan cess lying in his books of Accounts.

Interest component has to be excluded while levying penalty U/s. 221(1)

May 19, 2018 3576 Views 0 comment Print

The Revenue has assailed the judgment and order of the Tribunal thereby partly allowing the appeal filed by the Revenue against the judgment and order of the Commissioner (Appeals).

Remuneration to members of HUF for services rendered in business is allowable U/s. 37(1)

May 18, 2018 5487 Views 0 comment Print

The remuneration to the members of the HUF were paid for the services rendered in the business which is allowable U/s. 37(1) and invoking the provisions of Section 184 and Section 40(b) does not arise on the facts of the case at all.

Govt notifies Madhya Prades GST Refund Sanctioning Authorities

May 18, 2018 1599 Views 0 comment Print

Govt notifies GST Refund Sanctioning Authorities under Madhya Pradesh Goods and service tax Act, 2017 vide Order No. 04/2018 dated 18/05/2018 based on amount of refund.

Cash deposit cannot be assessed U/s. 68 when cheque deposits were accepted as business turnover

May 18, 2018 3012 Views 0 comment Print

This is an appeal by Revenue against the order of the Commissioner of Income Tax (Appeals)-Tirupati, dated 31-03-2017, treating the deposits made in the bank account as business turnover, whereas AO was of the opinion that these are unexplained income U/s. 68 of the Act.

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