Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Put words in double quotes for exact word search, eg: "income tax"
  2. Avoid noise words such as : 'and, of, the, a'
  3. Sort by Relevance to get the most relevant document.
  4. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  5. Text Search
  6. The system will try to fetch results that contains ALL your words.
  7. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  8. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
Filter Across TMI
tds delivery order charges
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Law:
---- All Laws----
  • ---- All Laws----
  • Income Tax
  • Direct Taxes
  • DTAA
  • Benami Property
  • GST
  • GST - States
  • Customs
  • DGFT
  • SION
  • SEZ
  • FEMA
  • Companies Law
  • SEBI
  • IBC
  • Law of Competition
  • LLP
  • Partnership Firms
  • Trust and Society
  • Money Laundering
  • Bharatiya Nyaya
  • Indian Laws
  • F. Acts / Amendment Acts
  • Bills
  • Wealth-tax
  • Service Tax
  • Cenvat Credit
  • Central Excise
  • Central Sales Tax
  • VAT - Delhi
Category:
---- All Categories ----
  • ---- All Categories ----
  • Case Laws
  • Acts / Rules
  • Notifications
  • Circulars
  • Forms - Annexure
  • Tariff / Classification
  • Duty Drawback
  • Schedules / SION
  • Discussion Forum
  • Highlights
  • Articles
  • Manuals / Reckoners
  • News / Feed
  • Short Notes
  • TMI Info
From Date:
To Date:
Sort By: ?
Even if Sort by Date is selected, exact match will be shown on the top.
RelevanceDate
    2017 (1) TMI 266
    Case Laws Income Tax
    Enhancing the value of the closing inventory of raw material/ components - Held that:- As decided in assessee own case A Y 2007-08 if valuation of closing stock is changed then the value of opening stock should also be changed on the same basis or method. The closing stock of a particular year is the opening stock of the subsequent year. Not the case of the revenue that the method of valuation of closing stock is materially affecting the accounts and profits disclosed by the assessee. This adjus... ... ...

    2013 (8) TMI 57
    Case Laws Income Tax
    Assessment pursuant to DRP order - 43 issues. Issues decided in favor of assessee:- Addition of freight inward/ import clearing expenses to cost of closing inventory - Addition on account of cost of rejection of semi finished goods and obsolete items - Addition of provision for increase in price of material to the value of closing inventory - Disallowance of cost of scrap material - Adjustment on account of provision for increase in price of material as prior period expenditure or preponement of... ... ...

    2015 (4) TMI 533
    Case Laws Income Tax
    Unverifiable purchases - assessee is in trading of the precious and semi precious stones - Assessing Officer held that closing stock of assessee had been shown on estimate basis, which partly included cost mentioned in bogus bills also and as such no realistic verification could be possible - CIT(A) confirmed the disallowance made by the Assessing Officer @ 25% on unverifiable purchases - Held that:- The material available on record established that in Jaipur, a rampant practice is in vogue to g... ... ...

    2017 (9) TMI 1257
    Case Laws Income Tax
    Disallowance of interest expenses incurred on External Commercial Borrowings - Held that:- There is a very thin line of demarcation between the term expansion and extension, which can be differentiated basis the facts and evidences brought on record. Neither the Ld AO or the Ld DRP has brought any evidence on facts to suggest that there was an extension of business during the year under consideration and the interest paid should be disallowed u/s 36(1)(iii) of the Act. Further, the assessee also... ... ...

    2015 (3) TMI 490
    Case Laws Income Tax
    Transportation charges paid to GAIL - TDS liability u/s 194C or u/s 1941 - CIT(A) deleting the amount of TDS liability determined by the ITO(TDS) u/s 1941 - Held that:- As relying on asseessee s own case [2013 (7) TMI 1 - ITAT LUCKNOW] GAIL has not only supplied/transported the gas sold by it but also the gas purchased by the assessee from other sellers. In those cases the transmission charges paid by the assessee to GAIL certainly attracts the provisions of section 194C of the Act as per circul... ... ...

    2021 (9) TMI 1400
    Case Laws Income Tax
    Nature of receipts - Credits received by the assessee from International Aero Engines and others, i. e., nature of credits received by the assessee from International Aero Engines - whether the agreement/ transactions are separate or composite? - purpose and nature of credits received by the assessee and their taxability - HELD THAT:- The findings of the learned Commissioner of Income-tax (Appeals), in our opinion, are based on con-jectures and surmises when he wrongly views the agreements with ... ... ...

    2023 (1) TMI 65
    Case Laws Income Tax
    Disallowance of deduction u/s. 80-IA - income on sale of certified emission - Reduction by treating the same as capital asset - As per AO the benefit of carbon credit and the activity carried out by the assessee are separate and independent activity. It does not represent any byproduct of the activity carried out by the company - HELD THAT:- We note that there are several orders/ judgments wherein it has been held that the carbon credit received by the assessee represents the capital receipt whi... ... ...

    2022 (11) TMI 885
    Case Laws Income Tax
    The ITAT Ahmedabad ruled on multiple tax issues for a BIFR company. The tribunal allowed deduction of NSEL trading losses as business losses rather than speculative losses, finding transactions were genuine business activities for fund raising. Full depreciation was granted on plant ready for use. Transaction charges were allowed as business expenditure. Debit notes from related party were accepted as legitimate business expenses. However, disallowances were upheld for transaction charges without TDS deduction and employee PF/ESI contributions. Several issues including business loss claims, purchase genuineness, and unexplained sales were remanded to the Assessing Officer for fresh examination with proper verification.

    2019 (2) TMI 1198
    Case Laws Income Tax
    Rejection of books - Held that:- Complete books of account are easily retrievable and accordingly, was drawn on the basis of contemporary records as well as seized material. He explained that bulk of the transactions were undertaken by the assessee through brokerage firms on behalf of the family members and corporate entities promoted by them, all of whom have been assessed by the same AO. It was explained that these entities have placed copies of contract note, bills and others materials during... ... ...

    2014 (7) TMI 853
    Case Laws Income Tax
    Claims of Exemption u/s 10A - Transfer of stock – Held that:- FIFO method has to be applied - the profits for the under valuation is required to be disallowed – CIT (A) observed that the assessee followed the FIFO method on the transfer of 200kgs of gold bars is fair and reasonable and it does not call for any interference - considering the low value plant and machinery worth of only Rs. 16 lakhs, the extent of the electricity consumption noted in the books of accounts, in the absence of any adv... ... ...

    2024 (2) TMI 1238
    Case Laws Income Tax
    ITAT Rajkot held that time charter payments for dredger equipment constituted royalty under Section 9(1)(vi) as the assessee had exclusive control and physical possession of the equipment. The assessee was required to deduct TDS on payments to non-resident lessor from British Virgin Islands, with whom India has no tax treaty. The tribunal rejected arguments that proceedings were time-barred and that non-deduction was based on bona fide belief, noting the assessee failed to seek proper determination under Section 195/197 despite making payments for over 10 years. The assessee's appeal was dismissed.

    2019 (4) TMI 1509
    Case Laws Income Tax
    Transfer Pricing Adjustment u/s 92CA - payment of model fee - royalty - export commission - operating profit/sales ratio of the assessee @ 12.91% is higher than the average of the operating profit ratio of comparable companies, i.e., (-) 21.97% - TNMM - HELD THAT:- The facts of the present assessment year are identical with that of the [ 2018 (7) TMI 208 - ITAT DELHI] . No distinguishing facts were placed on record by the Ld. DR. The payment of model fee is a consideration in terms of agreement ... ... ...

    2019 (3) TMI 1612
    Case Laws Income Tax
    Disallowance of Late Delivery Charges - company follows mercantile system of accounting and expenses relating the previous year have been properly provided to arrive the correct profit during the year - HELD THAT:- Late Delivery Fees and pointed out that the issue in earlier year had been decided partly in favour of assessee. The CIT(A) notes that though the assessee had provided details of customer names, invoice number and percentage of Late Delivery Charges but had not provided the copies of ... ... ...

    2017 (7) TMI 1076
    Case Laws Income Tax
    TDS u/s 194H and/or 194J - arrangement worked out between the assessee company and the distributor (Agency) - withhold tax at source under S. 194H in respect of sales to its distributors, which are on principal to principal basis and wherein property in the goods is transferred to the distributor - Held that:- Section 194H pre-supposes the payment to be made to the third party namely, Distributor or the Agency and if on a close scrutiny of Section 182, Distributor is not an agent, therefore, in ... ... ...

    2015 (12) TMI 1586
    Case Laws Income Tax
    Assessee’s claim of relief u/s 90 - CIT(A) erred in restricting the assessee’s claim of relief u/s 90 to the extent of tax payable in India on net income i.e difference between interest earned from M/s AHPL and interest paid on borrowings made for advancing the loans to M/s AHPL - Held that:- The provisions of sec. 90 of the Act and clauses of DTAA between India and Singapore clarify that tax credit to the extent of income derived in Singapore and offered to tax in India should be granted. Relie... ... ...

    2020 (10) TMI 605
    Case Laws Income Tax
    Setting off of LOSS OF STPI/SEZ UNITS against business income from non-STPI/non-SEZ units - STPI refers to Software Technology Park and SEZ refers to Special Economic Zone - HELD THAT:- As decided in own case [ 2015 (10) TMI 826 - KARNATAKA HIGH COURT] Loss arising in eligible SEZ/STPI undertakings are not required to be adjusted against the profits arising from other SEZ/STPI undertakings and the said loss can be adjusted against profits arising from non-SEZ/non-STPI units. Accordingly, this is... ... ...

    2012 (11) TMI 1301
    Case Laws Income Tax
    The Tribunal partly allowed the appeals for A.Y 2006-07 and 2007-08, remanding several issues back to the AO for fresh consideration. Disallowance of expenses related to South Elegant Limited (SEL) was upheld due to lack of original agreements and non-existence of SEL. Various claims under different heads were either disallowed or restricted, with the Tribunal emphasizing the need for verification of details. Remuneration paid to the Managing Director was allowed, while rent received from a sister concern and the applicability of Section 201 were remanded back for further verification.

    2017 (4) TMI 1092
    Case Laws Income Tax
    TPA - adjustment in respect of 'Guarantee Commission' and 'Fee for Letter of Undertaking' - Held that:- The details of loans vis-à-vis the security thereof had already been reproduced above. It has also been brought on record that State Bank of India has charged bank guarantee commission to assessee by giving 50% concession on the rate of 1.75% which works out to approximately 0.875%. If various factors and risk involved are evaluated which is quite normal under the foreign guarantee like, count... ... ...

    2017 (3) TMI 187
    Case Laws Income Tax
    Transfer pricing adjustment - corporate guarantee fee adjustment - Held that:- The details of loans vis-à-vis the security thereof had already been reproduced above. It has also been brought on record that State Bank of India has charged bank guarantee commission to assessee by giving 50% concession on the rate of 1.75% which works out to approximately 0.875%. If various factors and risk involved are evaluated which is quite normal under the foreign guarantee like, country risk, currency risk an... ... ...

    2016 (11) TMI 1042
    Case Laws Income Tax
    Non grant of exemption u/s 11 - Held that:- As all the conditions of section 11 of the Act stand fully satisfied by the assessee cumulatively. Section 12 is not applicable to the facts of the case. Firstly, the income is derived from property held wholly for charitable purposes. Hence, the mandate as per "M. Visvesvaraya Industrial Research and Development Centre" (2012 (11) TMI 235 - BOMBAY HIGH COURT), as to whether the assessee has satisfied the conditions stipulated in section 11 stands comp... ... ...

MaximizeMaximizeMaximize
0 / 200
Expand Note

Are you sure you want to delete "My most important" ?

NOTE:

Showing Results for : Law : AllSort : relevance Search In : Main Text + AI Text
Searched Text : tds delivery order charges
Reset Filters
Results Found:
AI TextQuick Glance by AIHeadnote
()
2017 (1) TMI 266
Case Laws Income Tax
Enhancing the value of the closing inventory of raw material/ components - Held that:- As decided in assessee own case A Y 2007-08 if valuation of closing stock is changed then the value of opening stock should also be changed on the same basis or method. The closing stock of a particular year is the opening stock of the subsequent year. Not the case of the revenue that the method of valuation of closing stock is materially affecting the accounts and profits disclosed by the assessee. This adjus... ... ...

2013 (8) TMI 57
Case Laws Income Tax
Assessment pursuant to DRP order - 43 issues. Issues decided in favor of assessee:- Addition of freight inward/ import clearing expenses to cost of closing inventory - Addition on account of cost of rejection of semi finished goods and obsolete items - Addition of provision for increase in price of material to the value of closing inventory - Disallowance of cost of scrap material - Adjustment on account of provision for increase in price of material as prior period expenditure or preponement of... ... ...

2015 (4) TMI 533
Case Laws Income Tax
Unverifiable purchases - assessee is in trading of the precious and semi precious stones - Assessing Officer held that closing stock of assessee had been shown on estimate basis, which partly included cost mentioned in bogus bills also and as such no realistic verification could be possible - CIT(A) confirmed the disallowance made by the Assessing Officer @ 25% on unverifiable purchases - Held that:- The material available on record established that in Jaipur, a rampant practice is in vogue to g... ... ...

2017 (9) TMI 1257
Case Laws Income Tax
Disallowance of interest expenses incurred on External Commercial Borrowings - Held that:- There is a very thin line of demarcation between the term expansion and extension, which can be differentiated basis the facts and evidences brought on record. Neither the Ld AO or the Ld DRP has brought any evidence on facts to suggest that there was an extension of business during the year under consideration and the interest paid should be disallowed u/s 36(1)(iii) of the Act. Further, the assessee also... ... ...

2015 (3) TMI 490
Case Laws Income Tax
Transportation charges paid to GAIL - TDS liability u/s 194C or u/s 1941 - CIT(A) deleting the amount of TDS liability determined by the ITO(TDS) u/s 1941 - Held that:- As relying on asseessee s own case [2013 (7) TMI 1 - ITAT LUCKNOW] GAIL has not only supplied/transported the gas sold by it but also the gas purchased by the assessee from other sellers. In those cases the transmission charges paid by the assessee to GAIL certainly attracts the provisions of section 194C of the Act as per circul... ... ...

2021 (9) TMI 1400
Case Laws Income Tax
Nature of receipts - Credits received by the assessee from International Aero Engines and others, i. e., nature of credits received by the assessee from International Aero Engines - whether the agreement/ transactions are separate or composite? - purpose and nature of credits received by the assessee and their taxability - HELD THAT:- The findings of the learned Commissioner of Income-tax (Appeals), in our opinion, are based on con-jectures and surmises when he wrongly views the agreements with ... ... ...

2023 (1) TMI 65
Case Laws Income Tax
Disallowance of deduction u/s. 80-IA - income on sale of certified emission - Reduction by treating the same as capital asset - As per AO the benefit of carbon credit and the activity carried out by the assessee are separate and independent activity. It does not represent any byproduct of the activity carried out by the company - HELD THAT:- We note that there are several orders/ judgments wherein it has been held that the carbon credit received by the assessee represents the capital receipt whi... ... ...

2022 (11) TMI 885
Case Laws Income Tax
The ITAT Ahmedabad ruled on multiple tax issues for a BIFR company. The tribunal allowed deduction of NSEL trading losses as business losses rather than speculative losses, finding transactions were genuine business activities for fund raising. Full depreciation was granted on plant ready for use. Transaction charges were allowed as business expenditure. Debit notes from related party were accepted as legitimate business expenses. However, disallowances were upheld for transaction charges without TDS deduction and employee PF/ESI contributions. Several issues including business loss claims, purchase genuineness, and unexplained sales were remanded to the Assessing Officer for fresh examination with proper verification.

2019 (2) TMI 1198
Case Laws Income Tax
Rejection of books - Held that:- Complete books of account are easily retrievable and accordingly, was drawn on the basis of contemporary records as well as seized material. He explained that bulk of the transactions were undertaken by the assessee through brokerage firms on behalf of the family members and corporate entities promoted by them, all of whom have been assessed by the same AO. It was explained that these entities have placed copies of contract note, bills and others materials during... ... ...

2014 (7) TMI 853
Case Laws Income Tax
Claims of Exemption u/s 10A - Transfer of stock – Held that:- FIFO method has to be applied - the profits for the under valuation is required to be disallowed – CIT (A) observed that the assessee followed the FIFO method on the transfer of 200kgs of gold bars is fair and reasonable and it does not call for any interference - considering the low value plant and machinery worth of only Rs. 16 lakhs, the extent of the electricity consumption noted in the books of accounts, in the absence of any adv... ... ...

2024 (2) TMI 1238
Case Laws Income Tax
ITAT Rajkot held that time charter payments for dredger equipment constituted royalty under Section 9(1)(vi) as the assessee had exclusive control and physical possession of the equipment. The assessee was required to deduct TDS on payments to non-resident lessor from British Virgin Islands, with whom India has no tax treaty. The tribunal rejected arguments that proceedings were time-barred and that non-deduction was based on bona fide belief, noting the assessee failed to seek proper determination under Section 195/197 despite making payments for over 10 years. The assessee's appeal was dismissed.

2019 (4) TMI 1509
Case Laws Income Tax
Transfer Pricing Adjustment u/s 92CA - payment of model fee - royalty - export commission - operating profit/sales ratio of the assessee @ 12.91% is higher than the average of the operating profit ratio of comparable companies, i.e., (-) 21.97% - TNMM - HELD THAT:- The facts of the present assessment year are identical with that of the [ 2018 (7) TMI 208 - ITAT DELHI] . No distinguishing facts were placed on record by the Ld. DR. The payment of model fee is a consideration in terms of agreement ... ... ...

2019 (3) TMI 1612
Case Laws Income Tax
Disallowance of Late Delivery Charges - company follows mercantile system of accounting and expenses relating the previous year have been properly provided to arrive the correct profit during the year - HELD THAT:- Late Delivery Fees and pointed out that the issue in earlier year had been decided partly in favour of assessee. The CIT(A) notes that though the assessee had provided details of customer names, invoice number and percentage of Late Delivery Charges but had not provided the copies of ... ... ...

2017 (7) TMI 1076
Case Laws Income Tax
TDS u/s 194H and/or 194J - arrangement worked out between the assessee company and the distributor (Agency) - withhold tax at source under S. 194H in respect of sales to its distributors, which are on principal to principal basis and wherein property in the goods is transferred to the distributor - Held that:- Section 194H pre-supposes the payment to be made to the third party namely, Distributor or the Agency and if on a close scrutiny of Section 182, Distributor is not an agent, therefore, in ... ... ...

2015 (12) TMI 1586
Case Laws Income Tax
Assessee’s claim of relief u/s 90 - CIT(A) erred in restricting the assessee’s claim of relief u/s 90 to the extent of tax payable in India on net income i.e difference between interest earned from M/s AHPL and interest paid on borrowings made for advancing the loans to M/s AHPL - Held that:- The provisions of sec. 90 of the Act and clauses of DTAA between India and Singapore clarify that tax credit to the extent of income derived in Singapore and offered to tax in India should be granted. Relie... ... ...

2020 (10) TMI 605
Case Laws Income Tax
Setting off of LOSS OF STPI/SEZ UNITS against business income from non-STPI/non-SEZ units - STPI refers to Software Technology Park and SEZ refers to Special Economic Zone - HELD THAT:- As decided in own case [ 2015 (10) TMI 826 - KARNATAKA HIGH COURT] Loss arising in eligible SEZ/STPI undertakings are not required to be adjusted against the profits arising from other SEZ/STPI undertakings and the said loss can be adjusted against profits arising from non-SEZ/non-STPI units. Accordingly, this is... ... ...

2012 (11) TMI 1301
Case Laws Income Tax
The Tribunal partly allowed the appeals for A.Y 2006-07 and 2007-08, remanding several issues back to the AO for fresh consideration. Disallowance of expenses related to South Elegant Limited (SEL) was upheld due to lack of original agreements and non-existence of SEL. Various claims under different heads were either disallowed or restricted, with the Tribunal emphasizing the need for verification of details. Remuneration paid to the Managing Director was allowed, while rent received from a sister concern and the applicability of Section 201 were remanded back for further verification.

2017 (4) TMI 1092
Case Laws Income Tax
TPA - adjustment in respect of 'Guarantee Commission' and 'Fee for Letter of Undertaking' - Held that:- The details of loans vis-à-vis the security thereof had already been reproduced above. It has also been brought on record that State Bank of India has charged bank guarantee commission to assessee by giving 50% concession on the rate of 1.75% which works out to approximately 0.875%. If various factors and risk involved are evaluated which is quite normal under the foreign guarantee like, count... ... ...

2017 (3) TMI 187
Case Laws Income Tax
Transfer pricing adjustment - corporate guarantee fee adjustment - Held that:- The details of loans vis-à-vis the security thereof had already been reproduced above. It has also been brought on record that State Bank of India has charged bank guarantee commission to assessee by giving 50% concession on the rate of 1.75% which works out to approximately 0.875%. If various factors and risk involved are evaluated which is quite normal under the foreign guarantee like, country risk, currency risk an... ... ...

2016 (11) TMI 1042
Case Laws Income Tax
Non grant of exemption u/s 11 - Held that:- As all the conditions of section 11 of the Act stand fully satisfied by the assessee cumulatively. Section 12 is not applicable to the facts of the case. Firstly, the income is derived from property held wholly for charitable purposes. Hence, the mandate as per "M. Visvesvaraya Industrial Research and Development Centre" (2012 (11) TMI 235 - BOMBAY HIGH COURT), as to whether the assessee has satisfied the conditions stipulated in section 11 stands comp... ... ...

Back

All TMI Search

Showing Results for : Law : AllSort : relevance Search In : Main Text + AI Text
Searched Text : tds delivery order charges
Reset Filters
Kindly select a record to view
Show Listing
Case ID :

📋
Contents
Note

Note

Note

Bookmark

print

Print

Login to TaxTMI
Verification Pending

The Email Id has not been verified. Click on the link we have sent on

Didn't receive the mail? Resend Mail

Don't have an account? Register Here

Topics

ActsIncome Tax