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section 17

Latest Articles


Understanding the Principle of Mutuality in Tax Law: Key Implications

Income Tax : Dive into the Principle of Mutuality, exploring its meaning, tax implications, and impact on cooperative societies. Discover case ...

August 5, 2023 21840 Views 2 comments Print

Cause of Action to Appeal to DRT continues at various stages under SARFAESI Act, 2002?

Fema / RBI : It is felt that enormous powers are conferred on Banks or Public Financial Institutions under SARFAESI Act, 2002 from the stage of...

January 15, 2011 2562 Views 0 comment Print

Collusion between Bank Officials and Builders – SARFAESI Act – a Case Study

Finance : I strongly believe that implementing the provisions of the SARFAESI Act, 2002 making a good balance between the object and the int...

December 19, 2010 3757 Views 0 comment Print

High court upheld the levy of higher rate of tax on superior kerosene oil (white kerosene oil)

Goods and Services Tax : Levy of sales tax on a higher percentage on ‘superior kerosene oil' (SKO) (also called white kerosene oil) and also levy of resa...

December 30, 2009 1207 Views 0 comment Print

Valuation of Perquisites other then accommodation, motor car and ESOP for financial year 2009-2010

Income Tax : For the sake of convenience, the attached tables summarises the valuation rules for all perquisites prescribed in the new rule 3 e...

December 22, 2009 6355 Views 1 comment Print


Latest News


Income tax department withdrawn the approval granted under Section 17(2) to Hospital in Chandigarh

Income Tax : A dozen private nursing homes and hospitals today lost their approval granted under Section 17(2) of the Income Tax Act on the bas...

January 13, 2010 27648 Views 13 comments Print


Latest Judiciary


CIRP application u/s. 7 of IBC admitted as debt and default established: NCLAT Mumbai

Company Law : The application made by the Financial Creditor is complete in all respects as required by law. Therefore, the debt and default sta...

December 6, 2024 99 Views 0 comment Print

Refund of excess payment of customs duty rejected as time barred: CESTAT Hyderabad

Custom Duty : The appellants had filed a refund claim with Assistant Commissioner of Customs (CRS), Visakhapatnam for Rs.5,03,984/- on 10.08.202...

December 4, 2024 180 Views 0 comment Print

Classification of product justified once DGFT proceeds to issue MEIS Scrip: Delhi HC

DGFT : Delhi High Court observed that once the DGFT had proceeded to issue the MEIS scrip to the writ petitioners, they would have been j...

December 4, 2024 162 Views 0 comment Print

Provident fund applies to payment of retention allowance to seasonal employees: Bombay HC

Corporate Law : These orders arises out of demand notice dated 3/3/2011 issued by respondent no.2 calling upon the Federation to pay an amount of ...

December 3, 2024 261 Views 0 comment Print

Rejection of application u/s. 9 of IBC justified due to pre-existing dispute: NCLAT Delhi

Company Law : The Appellant- Operational Creditor had undertaken to provide services for production of Television Commercial, print shoot and di...

December 2, 2024 261 Views 0 comment Print


Latest Notifications


Circular on adjustment of Advance FBT Paid for Assessment Year 2010-11

Income Tax : Circular No. 2/2010-Income Tax The Finance Act, 2005 introduced a levy namely Fringe Benefit Tax (FBT) on the value of certain fr...

January 29, 2010 8102 Views 0 comment Print

Revised rules for valuation of perquisites for F.Y. 2009-10 & amp; onwards

Income Tax : Notification No. 94/2009 - Income Tax For the purpose of computing the income chargeable under the head Salaries, the value of pe...

December 18, 2009 2450 Views 1 comment Print


Latest Posts in section 17

CIRP application u/s. 7 of IBC admitted as debt and default established: NCLAT Mumbai

December 6, 2024 99 Views 0 comment Print

The application made by the Financial Creditor is complete in all respects as required by law. Therefore, the debt and default stand established and there is no reason to deny the admission of the Petition.

Refund of excess payment of customs duty rejected as time barred: CESTAT Hyderabad

December 4, 2024 180 Views 0 comment Print

The appellants had filed a refund claim with Assistant Commissioner of Customs (CRS), Visakhapatnam for Rs.5,03,984/- on 10.08.2023. The said refund claim was that the appellant had paid the Duty twice due to ‘ICEGATE error’.

Classification of product justified once DGFT proceeds to issue MEIS Scrip: Delhi HC

December 4, 2024 162 Views 0 comment Print

Delhi High Court observed that once the DGFT had proceeded to issue the MEIS scrip to the writ petitioners, they would have been justified in assuming that the issue of classification was neither questioned nor doubted.

Provident fund applies to payment of retention allowance to seasonal employees: Bombay HC

December 3, 2024 261 Views 0 comment Print

These orders arises out of demand notice dated 3/3/2011 issued by respondent no.2 calling upon the Federation to pay an amount of Rs.14,21,145/- and to deposit the same to the credit of respective EPF accounts of the employees of the Federation.

Rejection of application u/s. 9 of IBC justified due to pre-existing dispute: NCLAT Delhi

December 2, 2024 261 Views 0 comment Print

The Appellant- Operational Creditor had undertaken to provide services for production of Television Commercial, print shoot and digital content for the Respondent -Patanjali Paridhan Private Limited under the terms of proforma invoice dated 17.10.2018.

Keeping refund order in abeyance merely on allegation of wrongful availment of ITC unjustified: Delhi HC

November 22, 2024 408 Views 0 comment Print

Delhi High Court held that keeping in abeyance refund order by exercising powers conferred u/s. 108 of the CGST Act merely on the basis of intelligence regarding wrongful availment of ITC unjustified since pre-requisite conditions for invoking section 108 not satisfied.

Appellate authority has power to consider interim application under POSH Act, 2013: Karnataka HC

November 21, 2024 276 Views 0 comment Print

Karnataka High Court held that the appellate authority under POSH Act, 2013, despite the absence of specific provision for granting of interim order, would have the power to consider the interim application.

Officers of DRI entrusted to issue notice for recovery of duty u/s. 28 of Customs Act: Supreme Court

November 20, 2024 273 Views 0 comment Print

Supreme Court held that officers of DRI are entrusted with the functions of proper officer and thus has jurisdiction to issue show cause notices for recovery of duty under section 28 of the Customs Act, 1962.

Excess interest to be refunded back as rule 8(3) is ultra vires to section 11AB(1) of Central Excise Act

November 19, 2024 123 Views 0 comment Print

Petitioner is engaged in manufacturing of Duplex Board. The present writ petition has been preferred seeking to recover a sum of Rs.3,66,649/- which was paid by the petitioner to the Department as interest in excess of actual interest liability.

Outstanding amount under Maharashtra Settlement could not be adjusted against refund payable under Maharashtra VAT Act

November 8, 2024 294 Views 0 comment Print

Further, in reference application filed under the Settlement Act, the Dy CST passed an order of settlement u/s 13(1) and arrived at the same figure of the settlement amount which were calculated by the assessee in its application.

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