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National Insurance Co Ltd Vs Harsolia Motors and others (Supreme Court)
Supreme Court : National Insurance Co Ltd Vs Harsolia Motors and others(Supreme Court) Date-13th April 2023 Sub-What is the meaning of commercial purpose under the Consumer Protection Act for reimbursement of claim on account of fire at the godown of a commercial enterprise? The Apex Court in this case was considering claim of the respondent herein for loss… Read More ...
M/s. G K Steel & Wire Products Vs. Income Tax Officer (ITAT Delhi)
INCOME TAX APPELLATE TRIBUNAL, DELHI Bench "H": This appeal is filed by the assessee against the order of the ld. Commissioner of Income Tax (Appeals)-16 [hereinafter referred I.T.A. No. 3530/Del/2019 2 to CIT (Appeals)] New Delhi, dated 5.01.2018 for assessment year 2012-13 in sustaining the addition of Rs.25,32,724/- on account of stock difference. During the year under consideration, it was observed that… Read More ...
Commissioner of Customs ,Central Excise & Service-tax Vs Suzlon Energy Ltd (Supreme Court)
Supreme Court of India : Commissioner of Customs ,Central Excise & Service-tax Vs Suzlon Energy Ltd (Supreme Court) Date-10th April 2023 Sub-Whether custom made design imported on a blue print is goods and thus not liable for payment of service tax under the head design services? The Supreme Court was considering service tax demand for the period June 2007 to… Read More ...
Saraf Exports Vs CIT,Jaipur (Supreme Court)
Supreme Court of India : Saraf Exports Vs CIT,Jaipur (Supreme Court) Date-10th April, 2023 Sub-Whether Duty drawback and DEPB received as an incentive for exports can be said to be derived from the business of industrial undertaking and thus eligible for the benefits of Section 80-IB of Income-tax Act,1961? The Supreme Court was called upon to consider this issue again… Read More ...
Mansarovar Commercial Pvt ltd Vs CIT New Delhi (Supreme Court)
Supreme Court of India: Mansarovar Commercial Pvt ltd Vs CIT New Delhi(Supreme Court) Date-10th April, 2023 Sub-What is the meaning of management and control for the purpose of determining residency of a company? Whether simply registered office of a company can be the criterion ? The Supreme Court in this case was considering interesting question as to taxability of… Read More ...
US Technology International Pvt ltd Vs Commissioner of Income-tax (Supreme Court)
Supreme Court of India : US Technology International Pvt ltd Vs Commissioner of Income-tax (Supreme Court) Date-10th April 2023 Sub-Whether penalty can be levied u/s 271C for mere delayed payment of TDS when interest is dis-charged u/s 201(1A)? The Supreme Court in this case was considering whether the appellant was liable for penalty u/s 271C even though there was mere… Read More ...
Ajay Ajit Tanna vs. UOI & Ors. (Bombay High Court)
Bombay High Court: S. 148 (old provisions) - initiation on the basis of third party search - reasons for reopening recorded as "null" - material relied upon not provided to the Petitioner - held, no reason to believe - no tangible material available - thus, failure to establish live-link with such tangible material - procedure prescribed under GKN… Read More ...
CIT-7 Vs. Paville Projects Pvt ltd (Supreme Court)
Supreme Court : CIT-7 Vs. Paville Projects Pvt ltd (Supreme Court) Date-6th April 2023 Sub-Whether payment to shareholders out of sale proceeds of a property belonging to the company, to end dispute amongst the shareholder can be cost of improvement for computation of capital gains ? The Apex court in this case was dealing with the deduction which… Read More ...
ACIT vs. ARMEE INFOTECH (ITAT AHMEDABAD)
-ITAT AHMEDABAD : A perusal of the scheme of Income Tax Act, it would reveal that once the donation has been made, the donee is not under obligation to keep a track of the donation, and nothing left in his hand which can ask for return of these amounts. There is no such provision provided in the Act.… Read More ...
Manish Lakhotia Vs Income Tax Officer (Calcutta High Court, Circuit Bench at Jalpaiguri)
Calcutta High Court, Circuit Bench at Jalpaiguri : The department is bound to by the clarification issued by the Apex Court in the case of LG Electronics (2018) 18 SCC 447 with regards to stay of demand for amount lesser than 20%. Read More ...