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Judiciary

Hoarding rent-Income from house property or income from other sources?

September 22, 2017 13242 Views 0 comment Print

This appeal, filed by the assessee, is directed against the order dated 5-12-2011, passed by the learned Commissioner (Appeals), in the matter of assessment under section 143(3) of the Income Tax Act, 1961, for the assessment year 2008-09.

Every Majority Decision is Not ‘Cartelisation’: Delhi HC in Reliance Jio Vs. Others

September 21, 2017 1788 Views 0 comment Print

Bombay High Court quashed and set aside an order of the Competition Commission of India (CCI) which directed a probe into the ‘cartelisation’ charge leveled against Vodafone India, Idea Cellular and Bharti Airtel Limited, by Reliance Jio.

Ad hoc disallowance without rejection of books of account is not sustainable

September 21, 2017 4251 Views 0 comment Print

This is an appeal filed by the assessee against the order of Ld. CIT(A)-6, Kolkata dated 13.01.2017 for AY 2011-12. The first issue raised by the assessee is against the action of the Ld. CIT(A) in confirming the addition of Rs.10,747/- which was made by the AO as donation and subscription account.

Relief to taxpayers by Rajathan High Court from late fees and penalty on account of technical glitches on GSTN portal

September 21, 2017 3876 Views 1 comment Print

माननीय राजस्थान उच्च न्यायालय की डिवीज़न बेंच के न्यायाधीशगण जस्टिस श्री के. एस झवेरी व जस्टिस श्री विजय कुमार व्यास द्वारा Rajasthan Tax Consultants Association vs. Union of India & Ors. [D.B. Civil Writ Petition No. 15239/2017] के मामले में याचिकाकर्ता एसोसिएशन द्वारा दायर की गई रिट की सुनवाई की गई जिसमे जीएसटीएन पोर्टल में […]

GSTN system is not working upto level & needs correction: Rajasthan HC

September 20, 2017 2826 Views 1 comment Print

Looking to the averments which are made in the petition and the reply which has been filed, it appears that the system is not working upto the level and the same is required to be corrected & updated to meet requirements.

Addition U/s. 69 justified for Excess gold recovered from employees

September 20, 2017 1062 Views 0 comment Print

Where assessee did not explain satisfactorily about excess gold found from his employee’s possession, addition made under section 69 was as such, rightly made.

Authorized Representative to File Petition under ‘I&B Code’

September 20, 2017 13878 Views 1 comment Print

National Company Law Appellate Tribunal in the matter of Palogix Infrastructure Private Limited Vs. ICICI Bank Limited has promulgated that an Authorized Representative can file petition under Insolvency and Bankruptcy Code, 2016

Release Seized Goods on payment of 50% of demand as per GST: Kerala HC

September 19, 2017 2766 Views 0 comment Print

The respondent herein, a dealer registered under the KVAT Act and migrated to CGST Act, had purchased a consignment of plywoods from a manufacturer at Perumbavoor, and was transporting the same. The goods were detained by the appellants and Ext.P5 notice under Section 129(3) of the Central/State Goods and Services Tax Act, 2017 was issued.

Service Tax under RCM on Senior Advocates Applicable from April 2016: Delhi HC

September 18, 2017 2184 Views 0 comment Print

service tax from 1st April 2016 itself ought to have been collected on reverse charge basis. If any client who has paid the fees of the Senior Advocate, has failed to make payment of the corresponding service tax on reverse charge basis, it would be open to the Department to proceed against such client to recover the service tax in accordance with law.

CIT justified in invoking revisionary jurisdiction in PwC case

September 18, 2017 1413 Views 0 comment Print

This appeal by the Assessee arises out of the order of the Learned Principal Commissioner of Income Tax -1, Kolkata [in short the ld CIT] in M.No. Pr. CIT-1/Kol/Revision u/s. 263/2016-17/13718-21 dated 16.02.2017 passed u/s 263 of the Act against the order passed by the DCIT

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